Teddy Sagi’s profile picture

Teddy Sagi

Teddy Sagi’s profile picture
Net worth 2018: $3.42 Billion
Residence: Tel Aviv, Israel
Country: Israel
BirthDay: 1971
Children: 3
BIOGRAPHY

Teddy Sagi was bornon 1971 in Tel Aviv, Israel, Israel. Teddy Sagi is #683 in List Billionaires People In The World. Israeli entrepreneur Teddy Sagi lives in Tel Aviv but has strong U.K. ties to many of his assets. He founded gambling software developer Playtech in 1999 and has built it into a nearly $700 million (sales) operation. Sagi sold a 12% slice of Playtech for almost $400 million in 2016; he still owns about 21% of the company.

NET WORTH STATISTIC
2011

$1.2 Billion

2012

$1.2 Billion

2013

$1.8 Billion

2014

$2.5 Billion

2015

$3.8 Billion

2016

$3.1 Billion

2017

$3.1 Billion

2018

$3.42 Billion

TIMELINE
Teddy Sagi (born 1971) is an Israeli-Cypriot businessman, partially based in London. He is ranked 6th on Forbes' Richest Israeli People. Sagi is the founder of the gambling software company Playtech and owner of London's Camden Market. His personal wealth is estimated at $US3.6bn, with interests in real estate, gambling software, payments processing, and digital advertising.Sagi was sentenced to 9 months in prison in 1996 for "grave deceit, bribery and insider trading", after being found guilty of manipulating bond prices in Israel in 1994.In recent years, Sagi scaled down his gaming operations to a 6.3% holding share of Playtech, which he founded in 1999, as opposed to 81% at the time of its IPO.Camden Market Holdings, the owner of Camden Market, Stables Market and Camden Lock Developments was bought by Sagi in March 2014 for £400 million (US$664 million) from Bebo Kobo (50% owner), and Richard Caring and Elliott Bernerd for 2.3-2.6Bn ILS, which later turned out to be the biggest LSE IPO of 2015. Sagi has continued to buy property in the Camden Market area and as of March 2015, owns the four most important of the six sections of the market, London's second most popular tourist attraction after Buckingham Palace.On July 2017 Sagi has completed delisting Market Tech from the LSE, at a value of 1.1Bn ILS.Sagi intends to invest £300 million in developing the market area by 2018.On June 2017 Sagi acquired 44% of Brack Capital Properties N.V, which is a listed real estate company, owning and developing residential and commercial properties in Germany.Sagi is also reported to enter the co-working share workspace sector with an international brand LABS. The first location is slated to open in London.Sagi is majority shareholder (with 68% control) of the company, which is a credit card clearing company for the online gambling industry.Primarily based in Bulgaria, SafeCharge is traded on London's AIM, with a market cap of £385 million. The company is listed on the Alternative Investment Market (AIM) of the London Stock Exchange.In late 2012 Sagi acquired the start-up company Crossrider for $US 37M. The company went public on AIM at a value of $US 250M. It is an application distribution and digital products platform.In 2015 Sagi acquired the start-up company Stucco Media for $US 43M. The acquisition was made by Market Tech, and the company is now owned by him. Stucco Media develops eCommerce website technology.Also in 2015, Sagi acquired the German start-up for 32M EUR. Glispa is an advertising company, mainly via mobile phones.Sagi owns 6.3% of the company, which he founded in 1999. It was floated in 2006 on the London Stock Exchange at a price that valued the business at approximately £550 million.In 2013, The Guardian reported that Sagi had "been based in Cyprus for some years".In August 2015, The GoodVision Trust (beneficiary Teddy Sagi) sold a 24.79% stake of Austrian real-estate company conwert Immobilien Invest SE to the German real-estate company ADLER Real Estate AG. The market value of these shares was 0.25 billion Euro.Teddy Sagi was born in 1971 in Tel Aviv, Israel and grew up there in the Shikun Lamed neighborhood, the son of Ami and Lizi Sagi. His father Ami owned a travel agency, and his mother Lizi was a cosmetician.In 2009 Sagi obtained Cypriot citizenship as part of a 'golden visa' scheme by Cyprus government. As Cyprus is part of the European Union Sagi obtained a Passport of the European Union.Since 2010, Sagi has been living with Yael Nizri, the 2006 Miss Israel, and they have two daughters together. Sagi owns the most expensive home in Israel, located in Herzliya. The home, which he bought in 2010, lies in the wealthy neighborhood of Herzliya Pituah on Galei Techelet Street, Israel's most expensive street. It is a 2,000 square meter house on a half-acre lot on the shore, and has a fitness room, wine cellar, sealed room, and an elevator to the beach. Sagi also owns two penthouses in Herzliya, and other homes in Tel Aviv (including an apartment in the Tzameret Towers purchased from former Israeli Prime Minister Ehud Barak), London's Knightsbridge, Cyprus, Berlin and the United States.Sagi received an 9-month prison sentence in 1996 for "grave deceit, bribery and insider trading", after being found guilty of manipulating bond prices in Israel in 1994. This followed a plea bargain with the district court in Tel Aviv.
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