Net Worth of Phil Ivey. Professional poker player Phil Ivey hails from the United States. Ivey has one World Poker Tour championship and nine World Poker Tour final tables on his resume, as well as ten World Series of Poker bracelets.
Many poker observers and contemporaries regard Ivey to be the finest overall player on the planet. In 2017, he was inducted into the Poker Hall of Fame. Phil Ivey’s net worth is expected to be around $100 million in September 2022.
About Phil Ivey
Phil Ivey is an American professional poker player who goes by the name Philip Dennis Ivey Junior. He has won nine World Series of Poker bracelets and numerous other live and online poker games and competitions, according to poker contemporaries and analysts.
Many poker enthusiasts and contemporaries considered Ivey to be the greatest overall player on the planet at one time.
Ivey has tried to keep his personal life out of the public eye since the beginning. There are relatively few facts about his life outside of the felt for someone who has been around for so long and accomplished so much.
He’s a huge basketball lover who lives in Las Vegas at the moment. Ivey also plays golf and was a part of the first World Series of Golf.
Phillip Dennis Ivey, Jr. On the 1st of February, 1977, she was born. He grew up with his grandpa at poker tables, watching him play, in Riverside, California.
Five-card stud poker was his first game. Since he used a phony ID to enter in games in New Jersey’s Atlantic City during his teenage years, his first moniker was “No Home Jerome.”
After high school, Ivey worked at a telemarketing agency. He started playing poker with his coworkers as soon as he began working for the company. Phil was able to significantly improve his game in this manner.
Phil Ivey is regarded as the finest poker player of all time, according to some, with his accolades. Luciaetta, his high school girlfriend, was his first wife.
Phil and his wife first met and fell in love many years before he became well-known, and they married in Las Vegas in 2002. The couple divorced in 2009 after seven years of marriage.
Ivey rose to prominence in the year 2000 when his vanquished Amarillo Slim heads-up against a WSOP final table. At the World Series of Poker in 2002, he won three bracelets.
From 2002 through 2009, he was said to have won ten World Series. In 2002, he placed 23rd in the World Series of Poker events, then 10th in 2003, 20th in 2005, and 7th in 2009.
His $195,000 victory in the $2500 Pot-Limit Omaha event in 2000 is one of his most memorable World Series of Poker accomplishments from 2000 to 2009.
Ivey won the $2,500 7 Card Stud Hi/Lo event in 2002, earning $118,440 in prize money, $107,540 in prize money, and $132,000 in prize money.
In the $5,000 Pot-Limit Omaha event, he bagged $635,603. Ivey won the $2,500 No-Limit 2-7 Draw Lowball and $2,500 Omaha Hi/Lo / 7 Card Stud Hi/Lo tournaments in 2009, respectively, for a total of $96,367.
Phil Ivey achieved great success by winning the 2008 World Poker Tour, in addition to the previously mentioned World Series of Poker Bracelets.
In the $10,000 L.A., he took home $1,596,100. The event is called poker classic.
In 2006, he competed and won the first European Poker Masters London All-Star Challenge. After winning the first prize at the Monte Carlo Millions event in 2005, he won $1,000,000.
Phil Ivey has eight poker bracelets, which he won in 2010. In the $3,000 H.O.R.S.E., he overcame Bill Chen. There is a way to win $329,840.
In 2013 and 2014, he defeated Brandon Wong in the $2,200 Mixed Event and Bruce Yamron in the $1,500 Eight Game Mix, respectively, for his ninth and tenth bracelets.
He received $51,840 and $166,986 in prize money. The Poker Hall of Fame named Ivey to their list in 2017.
All In Magazine awarded Phil the title of “2005 Poker Player of the Year,” which he also won in 2009. He won his first and only World Poker Tour championship in 2008.
The rising poker star had already won his sixth World Series of Poker bracelet by 2009. Phil is now tied with Doyle Brunson and Johnny Chan in terms of WSOP bracelets, with ten. He is the youngest of the three.
He was able to launch two businesses with his profits: the app “Ivey Poker” and the training program “Ivey League.” Phil, on the other hand, didn’t have it all easy.
He was in a dispute with Crockfords Casino Mayfair Club over his $10.2 million winnings when he lost a court battle to get compensated.
Phil Ivey Net Worth
Phil Ivey’s net worth is $100 million and he is an American professional poker player. The greatest overall player in the world is widely regarded to be Phil Ivey.
He has ten World Series of Poker bracelets and one World Poker Tour title among his accomplishments. In 2017, Ivey received the Poker Hall of Fame Award.
Legal Clues into Ivey’s Net Worth
The couple’s total community income in 2008 was $8 million, according to legal proceedings during the Phil Ivey/Luciaetta Ivey divorce in 2011.
Phil Ivey would take on “$15.1 million in gambling and other debt” as part of the divorce settlement, according to documents revealed during those same proceedings.
It’s unclear how much of the $15.1 million came from casino markers, money owed to Full Tilt co-owners, or part of a covert banking economy in which large stakes bets on the felt or golf course amount to hundreds of thousands of dollars are scribbled down on cocktail napkins or golf score cards.
Ivey has $23.8 million in live tournament earnings on the plus side.
Source of Wealth
Ivey’s main source of income is from cash game and online poker earnings. With the most online cash game earnings, he is ranked first in the world.
When Ivey played heads-up Limit Texas Hold’em against Dallas-based billionaire Andy Beal in February 2006, he won a total of $16 million over the course of three days. The event took place at the Wynn Resort.
Ivey is said to have won 19,242,743 USD in just four years (2007-2011) by playing Full Tilt Poker cash games.
Ivey generates income from sponsorship agreements in addition to poker earnings. In return for his cooperation, he received 920,000 USD from Full Tilt Poker.
However, taxes, travel costs, and entrance costs aren’t included in the $23.8 million figure.
When you consider Ivey competed in the WSOP One Drop event in 2012 and 2014, when the entry fee was $1 million each time, the entry fees alone might reduce that $23.8 million figure by as much as $5 or $6 million.
Ivey participates in a lot of high-stakes events, thus it seems that Ivey’s total entry fee expenses are going up. However, during the company’s heyday, Full Tilt presumably paid a big chunk of Ivey’s entrance fees. So, we’ll be conservative and assume that $6 million of the $23.8 million in prizes goes for entry costs.
Ivey’s live poker tournament profit could be in the $8 to $9 million range if the top income tax rate is 39.6% and $6 million in entry fees (along with a very rough estimate of $1 million and change in travel expenses). His online poker earnings, on the other hand, are quite impressive.
Phil Ivey Net Worth | Living a Pro-Life
Poker had a positive impact on his life. Gambling isn’t anyone’s strong suit, and it isn’t easy. Can call himself a Poker player and still seem far-fetched, despite having had enormous practice, Disappointments, and countless mind-twisting tactics.
Phil Ivey has a nice life if he lives it well. To begin with, everyone wants to reach the greatest height there is to cross, no matter what sport they participate in.
In the same way, Poker is no different, and every Poker player hopes to be inducted into the Hall of Fame.
Every year, the present member and a group of 18-person blue-ribbon panels assemble to produce a ten finalist list, which is prepared every year since 1979.
Ultimately, in 2017, Ivey was rumored to be on the list, making him eligible to join at the age of 40.
Tiger Woods of Poker is a first-year Hall of Fame inductee, and it’s not uncommon. Phil and David Ulliott were ultimately included in the final selection, according to the announcement. Ivey’s label has been immortalized, and he is now a legend!
Phil Ivey has won more than $26.2 million in live tournaments. He’s made millions via internet and cash games to date.
A substantial portion of his net worth comes from cash won at the WSOP, which he has totaled.
Other Casino and Gambling Related News
For more than a decade, Phil Ivey has made waves in the poker and gambling world. He regularly plays in the Bellagio casino in Las Vegas’ 4000-8000 USD range “The Big Game.”
Phil Ivey, who works as a professional high-stakes gaming player, was also a key member of that squad.
This team of individuals call themselves ‘The Corporation,’ and they pooled their money to play Andy Beal, a millionaire and mathematician from the United States in a heads up Limit Hold’em contest. The Corporation won 16.6 million USD from Andy Beal thanks in part to Ivey’s involvement.
Ivey has also been said to have gained handsome sums of money from various Chinese businesspeople in high-stakes games held in Macau since 2010.
Phil Ivey hasn’t been as involved in poker circles in the previous several years. He hasn’t been heard from much since his appearance in the 2016 World Series of Poker edition.
In reality, he didn’t compete in the 2017 WSOP tournament at all. Phil Ivey, on the other hand, declared his comeback to the poker community in October 2017. Upon his return, we can expect him to do great things again.
Favorite Quotes from Phil Ivey
When you’re performing live, the most important thing is that you can get a full sense of how the performer is behaving and whether they are demonstrating power or weakness.
You’re basing a lot more of your betting decisions on online trends, and you’re using a much narrower set of signals to what they’re holding and thinking. – Phil Ivey
I never imagined poker not going well for me. I just imagined I would do this for the rest of my life when I began playing poker.
You have to believe in yourself and move on if it doesn’t work out. However, if you set out with the wrong mentality, you’ll fail quickly. – Phil Ivey
I’d begin by enrolling in training organizations, such as Ivey League. There’s free material forbeginning players, basic game design for those creating their game, and professional player level material available. Ivey would practice his game over the internet and at casinos, growing his bankroll.
I see Ivey League as part of my legacy, and I want to teach the world how to win at poker. Want to create a training facility that will benefit both novices and top-tier players in their quest for world domination, as well as meeting the unique demands of each.
Ivey Poker and Ivey League were primarily defined and prototyped by my team during the majority of that period. It was a frantic time for me, from my perspective.
Richest Poker Players in the World as of 2022
Dan Bilzerian is the world’s richest poker player, according to Get Mega. By playing high-stakes poker games, the 32-year-old accumulated his $150 million net worth.
He owns several companies, a wealthy social media career, and a substantial trust fund in addition to his successful poker career. He is regarded as one of the best poker players in history.
Professional poker player Phil Ivey hails from the United States. When Ivey was a newborn, his family relocated to Roselle. The World Series of Poker has eight winners in eight events.
He’s also a World Poker Tour champion. While working at a telemarketing business in New Jersey, Ivey first got interested in internet poker. During breaks and after work, he would play with his coworkers.
Phil Ivey’s net worth is projected to be around $100 million as of September 2022.