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Phil Ivey Net Worth and Controversies

While we all know Phil Ivey has made an incredible amount of money on the felt, so how does that impact Ivey’s net worth? What about the various controversies he has been involved in?

Phil Ivey is a talented poker player based in the United States. If you love poker, Ivey is no stranger. Born in Riverside California, the thirty eight year old is a world renowned top poker player. At the age of eight, Phil was introduced to playing cards by his grandfather. Gradually, he grew to love poker and video games which he still loves.

phil ivey net worth

His extraordinary skills in the game make him a very marketable player. He is also known for having a kind heart. In the year 2008, he donated at least $50,000 to a charity organization for the underprivileged children in Las Vegas. Soon afterwards, he established a non-profit organization meant to carry on the projects of his grandfather.

Poker success

A key aspect of finding out his net worth is how good he is at playing poker. To date, Phil has earned himself close to $24 million in tournament poker earnings. Phil Ivey has also won WSOP bracelets in the following events:

– 2000 $2,500 Pot Limit Omaha
– 2002 $2,500 7 Card Stud Hi/Lo
– 2002 $2,000 S.H.O.E
– 2002 $1,500 7 Card Stud
– 2005 $5,000 Pot Limit Omaha
– 2009 $2,500 No-Limit 2-7 Draw Lowball
– 2009 $2,500 Omaha Hi/Lo/ 7 Card Stud Hi/Lo
– 2010 $3,000 H.O.R.S.E
– 2013 AUD$2,200 Mixed Event
– 2014 $1,500 Eight Game Mix

Ivey is praised for having won ten WSOP bracelets in just 14 years. He also holds a world record for winning most bracelets in non-Holdem events.

On the World Poker Tour, Ivey can has reached nine final tables. He has earned more than $2 million in WPT cashes. September 2006 saw him make his debut on the European Poker Tour in Barcelona.

Ivey’s World Poker Tour Titles:

– 2008 $10,000 L.A Poker Classic

At the Monte Carlo Millions tournament held in 2005, Ivey won earning himself $1,000,000. The very next day, he won another $600,000 after winning the “The FullTiltPoker.Net” tournament.

General gambling activities

Phil Ivey has been known to splash millions on sports betting and casino games. There are many reports of huge bets placed by Ivey on the Lakers in NBA games.

Controversy

Over the past few years, Ivey has been involved in casino controversy over accusations of cheating. You can watch the 60 Minutes segment on Ivey in the video below.

Ivey has been acused of ‘edge sorting’. In this case, it was alleged that Ivey detected a pattern found on the back of the cards and used this to his advantage. It is claimed that he was able to know what the cards were just from the pattern on the back. What didn’t help Ivey’s case was that he asked for very specific (superstitious) things while playing. This isn’t uncommon for high rollers.

The poker and gambling worlds are divided on this topic. Is this cheating? Or was the casino at fault for not protecting themselves well enough?

It is rumored that Phil Ivey missed the 2017 World Serious of Poker due to a current court battle. The details of the appeal are below.

phil ivey net worth

So what is Phil Ivey’s Net Worth?

Phil Ivey is estimated to have a net worth of $45 million. This is not surprising given his skills and ability on the felt, plus his financial activities off the felt. There is a reason he is referred to as the “Tiger Woods of Poker”.

Phil Ivey is an avid NBA fan with his favorite teams being L.A. Lakers and Houston Rockets as well a keen follower of NFL’s Buffalo Bills. Other hobbies that interest Phil is golf where he plays every now and then. His prowess in golf is undeniable having come third in opening World Series of Golf. Betting on golf is something Ivey isn’t shy about.

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