David and Simon Reuben<\/a>, who saw their net worth rise by $900 million ($1.6 billion) to $14 billion ($18 billion) last year, making them the third-richest pair in their county. The notoriously private brothers own Arena Racing Company, which operates 15 of Britain\u2019s race tracks.<\/p>\nThe majority of the brothers\u2019 fortune was acquired not from their thoroughbreds, however. The property market and trading aluminum in Russia, along with investments in airports, hotels, technology, and banking, was their ticket to extreme wealth.<\/p>\n
Family Betting Billionaires<\/h2>\n
The first of the billionaires on the list to make their fortunes entirely in the gambling sector are the owners of Bet365 and Stoke City soccer club: siblings Denise and John Coates, along with their father, Peter Coates. According to The Times,\u00a0<\/em>the family’s pecuniary aggregation has increased over the past year from \u00a33.8 billion ($4.9 billion) to \u00a35 billion ($6.7 billion), vaulting them from 24th<\/sup> position last year to 22nd<\/sup> in 2017.<\/p>\n\n
In 2015-2016, Bet365 handled $37 billion-worth of bets, the equivalent, according to the Racing Post<\/em>, of the entire GDP of Slovenia. This generated gross gaming revenue of \u00a31.6 billion ($2 billion) for the company and earnings of \u00a3459.6 million ($594 million).<\/p>\n<\/div>\nBuy Low, Sell High<\/h2>\n
Next up is PokerStars co-founder and former CEO Mark Scheinberg (32nd), who, along with his father Isai Scheinberg, sold the online poker giant to Amaya for $4.9 billion in 2014. Scheinberg the younger has now moved into property, according to the Times<\/em>, and saw his net worth increase \u00a3828 million to just under \u00a33.7 billion.<\/p>\nOther notables include Betfred founders Fred and Peter Done (\u00a31.3 billion for 37th<\/sup>) and PartyGaming founders Ruth Parasol and ex-husband Russ DeLeon (\u00a3720 million for 180th<\/sup>).<\/p>\nOne notable omission this year is Teddy Sagi, founder of Playtech, estimated by Forbes in March to be worth some 3.6 billion. Playtech is based in the UK and is listed on the London Stock Exchange, but its Israeli founder is understood to spend most of his time in Cyprus now, and consequently may no longer be quite British enough for the Sunday Times<\/em>.<\/p>\n","protected":false},"excerpt":{"rendered":"The latest edition of the UK’s ‘Rich List,’ published annually by the Sunday Times, shows the\u00a0combined wealth of Britain\u2019s gambling industry high rollers has grown by almost 20 percent over the past 12 months. The yearly index of the Her Majesty\u2019s most moneyed subjects shows\u00a0that the five gambling industry billionaires and 15 multimillionaires who made […]<\/p>\n","protected":false},"author":42,"featured_media":49880,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10],"tags":[],"acf":[],"yoast_head":"\n
Britain's 'Rich List' Crowns Gambling Industry's Wealthiest Royalty<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n