Teddy Sagi

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Teddy Sagi

Teddy Sagi

 

Teddy Sagi founded gaming site PlayTech in 1999 and took it public on the London Stock Exchange in 2006. He has increased his ownership in the group from 40% to nearly 50% in the past two years — and with good reason. The value of Playtech’s stock has nearly doubled in the past year, adding hundreds of millions to Sagi’s net worth. Talks in August 2012 to take his gas concern, Genesis Energy, public quieted after one well that he co-owns with fellow Israeli billionaire Beny Steinmetz was declared a likely bust — not worth the cost of drilling. Sagi also owns several e-commerce services, an e-payment company, instant messenger service Messenger Plus and commercial real estate and hotels in Europe. He reportedly bought the most expensive home in Israel for about $35 million. Eligible bachelor, once tied in press to model Bar Refaeli, dates a former Miss Israel, Yael Nizri.

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