Phil Ivey’s net worth is estimated to be around $110 million, as of 2020.
Born Phillip Dennis Ivey Jr on the 1st of February 1977, he is a professional poker player who is best known for winning ten World Series of Poker Bracelets.
Nicknamed “Tiger Woods of Poker”, he also won one World Poker Tour title, nine World Poker Tour final tables, and several other poker competitions.
Ivey is a Poker Hall of Famer and has made a lot of money from his career.
One of his significant winnings was in February of 2014 when he won $4 million AUD during the Aussie Millions LK Boutique $250,000 Challenge.
This turned out to be the biggest winnings he ever made in a single poker cash game.
He has accumulated his massive net worth from his years of poker winnings. Although Ivey lost more than $12 million between 2012 and 2015, he is still worth very significantly.
There are reports that that Phil Ivey ranks 8th in the All-time money list with total winnings of $26,267,283.00.
He is one of only 19 poker players to earn at least $20M all-time and the sixth among 15 Americans on the Top 20.
Source of Wealth
Ivey’s source of wealth is mainly from his poker winnings at cash games and online. He is ranked at the top of the list of players with the most online cash game winnings.
Ivey won a total of $16M over the course of three days in February 2006 when he played heads-up Limit Texas Hold’em against Dallas based billionaire Andy Beal. The event held at the Wynn Resort.
It’s even reported that in just 4 years (2007 – 2011), Ivey had netted a total winning of 19,242,743 USD just by playing Full Tilt Poker cash games.
Apart from poker winnings, Ivey also makes money from a sponsorship deals. He has a deal with Full Tilt Poker whereby he earned 920,000 USD in exchange for his collaboration.
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Phil Ivey was born on the 1st of February, 1977. He was born in Riverside California. His parents moved to Roselle, New Jersey where he grew up.
He attended and graduated from Old Bridge High School, in New Jersey.
As a teenager he worked in a telemarketing firm at New Brunswick, New Jersey, and developed an interest in playing poker against co-workers.
In his teenage years, his interest in poker increased and he went on to play professionally in Atlantic City, New Jersey.
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2000 – 2009: Ivey came to world prominence as his defeated Amarillo Slim heads-up at a WSOP final table in 2000. He later won three bracelets at the 2002 World Series of Poker tournament.
He is known to have won ten World Series, started from 2002 to 2009. In the World Series of Poker tournaments, he finished 23rd in 2002, 10th in 2003, 20th in 2005, and 7th in 2009.
His notable World Series of Poker Statistics between 2000 and 2009 include his winning $195,000 at the $2500 Pot-Limit Omaha tournament in 2000.
In 2002, Ivey won prize money of $118,440, $107,540, and $132,000 in the $2,500 7 Card Stud Hi/Lo, $2,000 S.H.O.E., and $1,500 7 Card Stud tournaments.
He won $635,603 in the $5,000 Pot-Limit Omaha tournament. While in 2009, Ivey won $96,367 and $220,538 at the $2,500 No-Limit 2-7 Draw Lowball and $2,500 Omaha Hi/Lo / 7 Card Stud Hi/Lo tournaments respectively.
Apart from the above World Series of Poker Bracelets, Phil Ivey also made a remarkable success by winning in the 2008 World Poker Tour.
He actually won $1,596,100 in the $10,000 L.A. Poker Classic tournament.
He also played and won remarkably in The London All-Star Challenge of the inaugural European Poker Masters in 2006. This following his winning the $1,000,000 first prize at the Monte Carlo Millions tournament in 2005.
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2010 – Present: Phil Ivey his eight poker bracelet in 2010. He defeated Bill Chen at the $3,000 H.O.R.S.E. to win $329,840.
His ninth and tenth bracelets came in 2013 and 2014 when he defeated Brandon Wong at $2,200 Mixed Event and Bruce Yamron at the $1,500 Eight Game Mix respectively.
He pocketed the prize money of $51,840 and $166,986.
In 2017, Ivey was elected into the Poker Hall of Fame.
Phil Ivey married Luciaetta in 2002. In 2009, both of them filed for divorce after seven years of marriage.
Ivey’s money making hobbies include video games, prop betting and golf.
He also has a passion for basketball and supports teams like the Los Angeles Lakers, Buffalo Rams, and Houston Rockets as a fan.
In 2012 and 2013, Ivey faced litigation from a major casino operator accused Ivey of amassing millions of dollars in winnings by cheating at baccarat.
The game took place on Aug. 20-21 at Crockfords, one of London’s oldest and most respected casinos.
After many years of litigation, The Supreme Court of the United Kingdom found Ivey guilty of edge-sorting. It ordered his assets to be seized to recoup the $10 million he won at the casino.
His WSOP winnings were seized by the US Marshalls in 2019.
He has done quite a number of philanthropy projects. He has helped the underprivileged through various charities like Empowered 2 Excel and his own foundation called Budding Ivey Foundation. This foundation was done in memory of his grandfather who taught him how to play poker.
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