Teddy Sagi has almost doubled his wealth in 2015
The Forbes business magazine has reported that Playtech's principle shareholder, Teddy Sagi, is now Israel's sixth wealthiest citizen, almost doubling his fortune this year in a series of shrewd deals.
Among these were his strengthening position in the retail forex industry through half-a-billion dollar acquisitions of Plus500 and AvaTrade, adding these to his Markets.com portfolio (see previous InfoPowa reports) … and the indications are that he has further companies in his sights.
Forbes estimates Sagi's net worth at US $4.4 billion, up from $2.3 billion and 15th place in the respected publication's 2014 rankings.
His physical (as opposed to online) investment activity has included deals in the property markets such as the acquisition of Camden Markets in the UK.
Playtech has on several occasions recently confirmed that it is still on the lookout for good acquisitions.
Online Casino News Courtesy of Infopowa