“Rumor… often is fathered and mothered by false reports” – Andre Norton, an American science fiction and fantasy novelist, was a master of turning her imagination to life. But in her workWraiths of Time (1976), there’s great truth hiding beneath all the god-like chaos. People are quick to believe all the bad things they hear about someone.
The same fate happened to Phil Ivey. The word on the street was that Phil had become disinterested in poker. Some went even further, saying the 10 times WSOP golden bracelet winner has lost his mojo. Phil didn’t say much about the news. He kept his poker face and appeared in Cyprus.
Was it a surprise that Phil managed to land $2.6 million in four high-roller tournaments? If you ever believed false reports – yes. Others were just happy to see the GOAT in his full glory, illuminated by the Mediterranean sun. And Phil? Well, he had a spare change and decided to grab a million or two. Buckle up as we unfold the secret of Phil’s net worth.
From Suburbs to Stars
Phil was born on the 1st of February 1977 and spent his childhood in the suburbs of New Jersey. Thanks to his grandfather, an occasional but passionate poker player, Ivey developed a love for the game. He spent hours playing 5-stud poker. His grandfather believed Phil was natural for the game. Indeed, he was right.
Phil was passionate about poker and showcased his talent in the early years of his career. It all started by hitting the casinos of New Jersey. He even had a false ID, given that he was still under 21 at the time. Under the name of Jerome Graham, Ivey was practicing his skills against experienced and more skillful opponents.
After spending countless hours in casinos around New Jersey, Phil Ivey earned the nickname “No home, Jerome.” His talent and perseverance were spotted by legends of poker – Daniel Negreanu and Barry Greenstein. They helped Phil nurture his talent and develop into one of the best poker players of all time.
Rumors that Phil is not into poker anymore weren’t the only time he was hitting the headlines. In 2012, Phil decided to try his luck with baccarat. He was with his friend Cheung Yin Sun, and Punto Banco was their game. They won $7.7 million. However, their attempt to cash out from Crockfords Club was unsuccessful.
It turned out the two have been using a technique commonly known among baccarat aficionados as edge sorting. In a nutshell, they were exploiting card defects. The goal was to distinguish the face value of cards. Eventually, after 5 years of fighting in court, they lost the battle, and Crockfords kept the money.
How Much Is Poker Player Phil Ivey Worth?
During his more than 2 decades-long career, Phil appeared in many casinos and the greatest poker events worldwide. His unique poker skills and strategy put him at the top of the list of the best poker players in the game’s history. His live tournament winnings are estimated to be around $26.2 million. In addition, he won several million in online events and cash tournaments. As a result, Phil’s net worth today is about $100-$120 million.
Who Is the Richest Poker Player in the World?
If we’re speaking about the wealthiest poker players overall, Dan Blizerian has no competition. The social media sensation claims he won over $50 million in cash tournaments alone. Moreover, he’s known to brag about his poker skills. However, it has to be noted that Blizerian never won any major poker championship. Hence, he’s not really someone you would want to learn some poker tips and tricks from.
His total net worth is around $200 million. Still, the way how he managed to acquire such fortune is under debate. Many people doubt his fortune ever had anything to do with his poker skillset. Most of his money was inherited from his father, Paul Blizerian. But, regardless of his poker abilities, Dan Blizerian’s net worth puts him right at the top of the richest players in the world.
How Is Phil Ivey So Rich?
Phil won his first WSOP bracelet in 2000 after beating the legendary Amarillo Slim. Consequently, Ivey won $200,000. It was just the beginning of one incredible journey. In the years that followed, he managed to win a total of 10 WSOP bracelets and millions of $ in rewards. He was also hitting casinos all around the globe as a member of the World Poker Tour. In 2008, he won $1.5 million after going against Phil Hellmuth.
Winning millions of dollars in different poker events was common for Phil. In 2012, he crossed swords against Patrick Antonious and won $2 million. He was even more impressive in 2014. His trip to Australia turned out to be one of the best decisions he ever made. Eventually, Phil walked out with a whopping $3.5 million.
Who Is the Goat of Poker?
The poker GOAT topic always brings up a strong debate. Everyone will have their own favorite. It is only normal, considering there are many great poker players out there. For this reason, it is extremely challenging to pick one that’ll carry the greatest player title. The biggest question is, based on which criteria should one be chosen as the leader of the pack?
If we’re speaking about the greatest WSOP players, Phill Hellmuth is by far the most successful player. He managed to win 16 golden bracelets during his 4 decades-long career. For illustration, Phil Ivey managed to land 10 bracelets, like Johnny Chan and Doyle Brunson. But, speaking about live tournament earnings, Hellmuth has a total of $25 million. Bryan Kenney, on the other hand, landed over $56 million throughout his career.
Let’s not forget about online poker players. Online gambling is becoming increasingly popular, and many players hold virtual casinos in the highest regard. It’s proven that land-based players struggle against some of the best-known online(rs). The most obvious example was Doug Polk crushing Daniel Negreanu in a $1.2 million high stakes duel.
When it comes to skill, Phil excels in several areas. As a result, many consider Phil as the best all-around poker player. Not to mention his success outside the poker world and his flirting moments with baccarat. Finally, we can conclude that determining a GOAT is more subjective than objective, as it’s rather tricky to figure out the exact measures of poker success.
Poker is among the casino classics that made gambling venues worldwide famous in the first place. It is only natural for professional poker players to enjoy massive attention. People look at these players hoping to recreate some of their biggest swings below the spotlight of the world’s greatest casinos.
Some of the greatest poker players in the world, like Phil Ivey, made a fortune from enjoying their favorite game. Naturally, many people wonder whether they’re able to do the same and come closer to 6 figures. Phil is one of the best ever. However, that doesn’t mean you can’t do the same. You just need to start practicing harder and learning from the best. Our recommendation is to find the best online casino and start working hard. Eventually, your perseverance will payout. You never know, maybe you’re next in line we’ll write about.