Playtech majority shareholder one of the wealthiest men in Israel

News on 14 Sep 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 portfolio (see previous  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.

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