Bloomberg Billionaires Index

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# Mark Scheinberg

Random fact: Website averages 19,000 poker players daily.

Overview

Scheinberg was founder and former CEO of Rational Group, the Isle of Man-based business that owns websites PokerStars and Full Tilt Poker. Publicly traded Amaya Gaming Group, which had $1.1 billion of revenue in 2015, paid $4.9 billion in cash for Rational Group in June 2014. Scheinberg sold his stock and resigned two months later.

As of Sept. 22, 2017:
Last change ()
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Industry Applications Software
Biggest asset N/A
Citizenship Isle of Man
Age 43
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

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Latest News

Net Worth Summary

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Biography

Birthdate: 12/27/1973
Family: Single, No children

Mark Scheinberg was born in 1973 and grew up in Israel before moving with his family to Canada in the 1980s. He founded PokerStars in 2001 and together with his father, Isai, built the company into the world's largest online poker site.

PokerStars, along with competitor Full Tilt Poker, was charged with fraud, money laundering and violation of United States federal gambling laws in 2011. PokerStars agreed at the time to forfeit $547 million to the U.S. and pay an additional $184 million owed by foreign players of Full Tilt Poker, whose assets it acquired. The company did not admit to any wrongdoing. Scheinberg concurrently came to a separate agreement with government authorities related to potential civil claims over gambling regulations, again without any admission of wrongdoing.

The billionaire was chief executive officer and majority shareholder of Isle of Man-based Rational Group, the company that controlled PokerStars. Rational had $1.1 billion of revenue in 2013 and was sold to Pointe-Claire, Quebec-based Amaya Gaming Group for $4.9 billion in August 2014.

Milestones
  • 1973 Mark Scheinberg is born.
  • 2001 Starts Pokerstars.
  • 2011 Father Isai is charged with bank fraud by U.S. Justice Department.
  • 2012 Pokerstars pays $731 million to settle U.S. charges, admits no wrongdoing.
  • 2013 Pays $50 million in related U.S. money laundering case. Admits no wrongdoing.
  • 2014 PokerStars reaches more than 85 million registered users.
  • 2014 Amaya Gaming Group agrees to buy Pokerstars for $4.9 million in cash.
  • 2014 Sells his stock and leaves the company.