Teddy Sagi

Teddy Sagi
Born 1971 (age 44–45)
Tel Aviv, Israel
Residence London, England
Nationality Israeli
Occupation Businessman
Known for Founder of Playtech, a gambling software and services company
Net worth US$3.3 billion (April 2016)[1]
Partner(s) Yael Nizri (2010-)
Children 2
Parent(s) Ami Sagi
Lizi Sagi

Teddy Sagi (born 1971) is a London-based Israeli billionaire businessman and former convicted felon. He is the co-founder of Playtech, a FTSE 250 gambling software and services company, and the majority shareholder of Market Tech Holdings, which owns London's Camden Market. He is also the majority shareholder of two AIM-listed technology companies.

Early life

Teddy Sagi was born in 1971 in Tel Aviv, Israel and grew up there in the Shikun Lamed neighborhood,[2] the son of Ami and Lizi Sagi.[3] His father Ami was the owner of a travel agency, and his mother Lizi was a certified cosmetician who made her living selling and applying makeup.[2][3]

Career

Sagi owns 33.6% of Playtech, 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.[4]

Sagi is the majority shareholder of SafeCharge, an "online payment service provider" listed on the Alternative Investment Market (AIM) of the London Stock Exchange.[5] Moreover, he is the majority shareholder of Crossrider, a webbrowser optimizer also listed on the AIM.[6]

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.[7][8] 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.[9] Sagi intends to invest £300 million in developing the market area by 2018.[9]

In November 2012 Sagi invested $4 million in Sync.me.

In 2013, The Guardian reported that Sagi had "been based in Cyprus for some years".[10][11][12]

In April 2015, Forbes estimated Sagi's net worth at US$3.3 billion.[1]

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.[13]

Personal life

Since 2010, Sagi has been living with Yael Nizri, the 2006 Miss Israel, and they have two daughters together.[14][2] They have homes in London's Knightsbridge, Cyprus, Berlin, Tel Aviv, and the United States.[2]

Sagi received an 18-month prison sentence in 1996, and spent nine months in jail, 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.[15][2][16]

References

  1. 1 2 "Teddy Sagi". Forbes. Retrieved 21 April 2015.
  2. 1 2 3 4 5 Exposed: The jailbird pornographer behind Britain's crack cocaine gambling machines, The Daily Mail, 18 April 2014
  3. 1 2 "Teddy Sagi - Israeli Billionaire and Founder of Playtech". Gamblingsites.org. Retrieved 2016-04-28.
  4. ↑ Garrahan, Matthew (2006-02-17). "Playtech plans to raise £175m in IPO". FT.com. Retrieved 2016-04-28.
  5. ↑ Ashley Armstrong, Demand for Safecharge pushes up IPO valuation, The Daily Telegraph, 21 March 2014
  6. ↑ Tali Tsipori, Teddy Sagi's Crossrider to raise $75m in London IPO, Globes, 31 August 2014
  7. ↑ Minchom, Clive. "Teddy Sagi Buys London's Camden Stables Market In Deal Valued At US$664 Million". JewishBusinessNews.
  8. ↑ http://www.standard.co.uk/news/london/restaurant-tycoon-richard-caring-earns-260m-war-chest-for-new-ventures-after-camden-market-deal-9189523.html
  9. 1 2 "Teddy Sagi buys more Camden Market properties". Globes. 3 March 2015. Retrieved 22 April 2015.
  10. ↑ Bowers, Simon (2013-03-18). "The super-rich who have made Cyprus their home". The Guardian. ISSN 0261-3077. Retrieved 2016-04-26.
  11. ↑ IB Times: Teddy Sagi: Israeli billionaire bachelor who has just saved spread-betters Plus500 for £500m
  12. ↑ Finance Magnates: Exclusive: IronFX Holds Advanced Merger Talks with Teddy Sagi
  13. ↑ PTA-PVR: conwert Immobilien Invest SE: Änderung der Stimmrechtsanteile FinanzNachrichten.de, 20 August 2015
  14. ↑ Griver, Simon (2014-05-26). "Teddy Sagi keen on buying controlling stake in Championship club Reading for just £1 | Daily Mail Online". Dailymail.co.uk. Retrieved 2016-04-28.
  15. ↑ Blitz, Roger (2014-03-06). "Playtech founder cashes in after creating multiple millionaires". FT.com. Retrieved 2016-04-28.
  16. ↑ "Teddy Sagi: Israeli billionaire bachelor who has just saved spread-betters Plus500 for £500m". Ibtimes.co.uk. 2015-06-02. Retrieved 2016-04-28.
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