Not all professional poker players are as successful as Phil Ivey, who has an estimated net worth of $110 million. Ivey’s success at the table has helped him amass a staggering fortune in his life.
Who is Phil Ivey?
Phil Ivey is a professional poker player who has won 10 World Series of Poker bracelets. He is also an entrepreneur and investor. As of 2021, Phil Ivey’s net worth is estimated to be $100 million.
Phil Ivey was born on February 1, 1976, in Riverside, California. He began playing poker at the age of eight with his grandfather. By the age of 21, he had already won his first World Series of Poker bracelet. In 2000, he became the youngest player to win two WSOP bracelets in the same year.
Over the years, Phil Ivey has continued to rack up wins and accolades. In 2009, he was inducted into the Poker Hall of Fame. In 2010, he won the Aussie Millions Main Event for AUD$2 million (approximately $1.6 million at the time). And in 2012, he took home his tenth WSOP bracelet by winning the $1.5 million Big One for Dropout Prevention charity tournament.
Phil Ivey’s Early Life
Phil Ivey was born on February 1, 1976, in Riverside, California. His parents, Nancy and Phil Ivey Sr., divorced when he was three years old. When he was eight years old, his mother remarried and the family moved to Roselle, New Jersey. It was here that Ivey developed a love for gambling. He would often go to Atlantic City with his grandmother and play slot machines.
Ivey’s father introduced him to poker when he was 10 years old. He taught him how to play 5-card draw and 7-card stud. Ivey quickly became good at the game and began playing in local home games. When he was 12 years old, he started playing backgammon. He soon became one of the best backgammon players in the world.
Ivey attended high school at Roselle Park High School. After graduation, he enrolled at Vanderbilt University but dropped out after two months to pursue a career in gambling full-time.
His Professional Career
Phil Ivey is a professional poker player who has won 10 World Series of Poker bracelets, one World Poker Tour title, and over $23 million in tournament cashes. Ivey has been considered the best all-around player in the world by many of his peers, and has been ranked as the No. 1 poker player in the world by Bluff Magazine.
Ivey’s career began when he started playing cards with his grandfather at age eight. By the time he was 18, Ivey had moved to Atlantic City to play poker professionally. He quickly established himself as a force to be reckoned with, winning his first WSOP bracelet in 2000. Since then, Ivey has gone on to win nine more WSOP bracelets (tied for second all-time), as well as a WPT title.
Ivey’s biggest payday came in 2012, when he won $8.7 million for finishing seventh in the Big One for One Drop tournament. In total, Ivey has earned over $23 million in tournament cashes, making him one of the most successful poker players of all time.
Phil Ivey Vs. The Government
Phil Ivey is one of the most successful professional poker players in the world. He has won 10 World Series of Poker bracelets, which is more than any other player. He has also won numerous high-stakes tournaments and is widely considered to be one of the best poker players in the world. However, Ivey’s success has not come without controversy.
In 2012, Ivey was sued by the Borgata Casino in Atlantic City for allegedly using edge sorting to win $9.6 million in a game of baccarat. Edge sorting is a technique where players look for small differences on the backs of cards that can give them an advantage. The Borgata claimed that Ivey and his partner used edge sorting to cheat the casino out of millions of dollars.
Ivey denied cheating and claimed that he was merely taking advantage of “exploitable” defects in the cards. A judge ruled in favor of Ivey, but the case is still under appeal.
Conclusion
Phil Ivey is one of the most successful poker players in the world, and his net worth reflects that. While it’s impossible to say exactly how much he’s worth, estimates put it at around $100 million. That’s an impressive sum, especially considering that Ivey made most of his money through playing poker. If you’re looking to make some serious money yourself, then perhaps taking a page out of Ivey’s book and hitting the poker tables is something you should consider.
