Anurag Dikshit

02.03.2021by
Anurag dikshit

Anurag Dikshit

See Anurag Dikshit's age, phone number, house address, email address, social media accounts, public records, and check for criminal records on Spokeo. Anurag Dikshit: 1994 B.Tech. (Computer Science and Engineering) co-founder of Partygaming: Binny Bansal: 2005 B.Tech. (Computer Science and Engineering) co-founder of Flipkart: Manvinder Singh Banga: 1975 B.Tech. (Mechanical Engineering) former chairman, Unilever Mohit Aron: 1995 founder and CEO of Cohesity and co-founder and former CTO of Nutanix. Anurag Dikshit is the co-founder of the largest poker site (Party Poker) and gaming company called PartyGaming. Anurag was born in 1973 and is well recognized as the youngest billionaire in the World with net worth climbing to nearly $3.19 billion dollars after.

Anurag Dikshit Net Worth 2020

Anurag Dikshit (; born 1973, in DhanbadJharkhand), is an Indian businessman who, in connection with the online poker company PartyGaming, entered a guilty plea to one count of online gambling in violation of the Federal Wire Act and received a $300 million fine.[1] He sold off the remainder of his stake in PartyGaming in January 2010,[2] after selling 23% of his stake in the company's Initial Public Offering, and a further two thirds of the remainder, in October 2009.[3]

Born in Dhanbad, Jharkhand, Dikshit graduated with a Bachelor of Technologydegree in Computer Science and Engineering from Indian Institute of Technology Delhi in 1994. He completed schooling at De Nobili School, FRI. Following graduation, Dikshit worked as a software developer in the United States at CMC, as a systems analyst for Websci and later as a consultant for AT&T.[4]

PartyGaming

At age 26, Dikshit was asked by PartyGaming founder[5] American Ruth Parasol to write the company’s betting software.

Anurag Dikshit Nestle

In 2000, Dikshit hired a friend from his alma mater, Vikrant Bhargava, to begin working at PartyGaming with him and others. Party Poker was launched in August 2001.

In May 2006 Dikshit stepped down from PartyGaming's board of directors and took a position as head of the company's research and special projects, and left PartyGaming completely in November 2006.[6] As of December 2008 he still owned approximately 28% of the company's shares.[7]

Worth

In December 2008, Dikshit entered a guilty plea to one count of online gambling in violation of the Federal Wire Act and agreed to forfeit $300 million. 'I came to believe there was a high probability it was in violation of U.S. laws', Dikshit told U.S. District Judge Jed S. Rakoff in New York, referring to PartyGaming’s activity.[8] Dikshit no longer personally owns any shares in PartyGaming, having sold his shares in January 2010.[9]

References

  1. ^Online Gambling Billionaire Cashes In. Forbes.com (2009-10-20). Retrieved on 2011-06-15.
  2. ^Daily Telegraph, 25 January 2010 PartyGaming founder Anurag Dikshit severs ties with company after £114m share sale
  3. ^Nils Pratley, The Guardian, 20 October 2009, Guardian.co.uk: Dealing in poker profit
  4. ^Anurag Dikshit – High roller who came late to the poker party. The Guardian. Retrieved on 2011-06-15.
  5. ^Ruth Parasol. Bonitatrust.org. Retrieved on 2011-06-15.
  6. ^PartyGaming's Dikshit quits board. Forbes (2006-05-24). Retrieved on 2011-06-15.
  7. ^The Guardian, 17 December 2008, PartyGaming up 27% as founder pleads guilty in US court
  8. ^Larson, Erik. (2008-12-16) PartyGaming’s Dikshit Pleads Guilty to Web Gambling. Bloomberg. Retrieved on 2011-06-15.
  9. ^Anurag Dikshit Sells Remaining Stake in Party Gaming. Pokernewsdaily.com (2009-10-20). Retrieved on 2011-06-15.

External links

  • Financial Times article
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Anurag Dikshit was one of PartyGaming’s first employees, being hired on as
the company’s software developer. Thanks to Dikshit’s hard work and dedication,
he was able to develop appealing software for the launch of PartyGaming’s most
successful casino: PartyPoker. His skills and creativity made PartyGaming one of
the top companies in their market.

To discover more about Dikshit, his childhood, his role in the advancement of
PartyGaming, and the events that led to his early retirement, please continue
reading this thorough biography. We end this bio by giving you details on what
he is up to now.

Early Years

Anurag Dikshit was born on February 17, 1973, in Dhanbad, India, to his
parents, Manish and Amala, who were both sugarcane farmers. Since Dikshit was
the eldest of 6 children, he was expected to take over the family farm upon
finishing high school. Dikshit didn’t want to do that, however, as it was his
dream to go to college. He hoped that if he worked hard in school, he might be
able to earn a full-ride scholarship. He spent most evenings and weekends
studying, trying his best to earn good grades. Despite his efforts, he wasn’t
offered any full-ride scholarships upon graduating.

Anurag Dikshit Partygaming

Since his family didn’t have enough money to afford his college tuition,
Dikshit was forced to get a job out of high school so that he could save up some
money. He worked as a bartender at a local restaurant, often working double
shifts to earn more money faster. After about two years, he had earned enough to
afford his first year of college; he took out loans to pay for the rest of his
schooling. He enrolled in Indian Institute of Technology, where he
double-majored in computer science and engineering.

It was during his time in college that he first developed an interest in
poker. He would often spend his evenings playing Texas Hold’em and No Limit
Omaha with a group of guys from his residential hall. Dikshit wasn’t a very
skilled poker player, but he always enjoyed himself. After college, he spent the
next few years of his life doing paid internships at a variety of companies,
including AT&T, CMC, and Websci. At AT&T, he was a consultant; at CMC, he was a
systems analyst; and at Websci, he was a software developer. His goal was to
gain as much experience in the business world as possible.

Joining the PartyGaming Team

In 1999, he visited a Las Vegas casino for the first time. He was captivated
by the bright lights and the exhilarating atmosphere. While in Las Vegas, he got
connected with a woman named Ruth Parasol,
who was trying her luck out at a nearby slot machine. She had recently started a
company called PartyGaming and was looking for a software developer so that she
could launch more online casinos.
Dikshit’s love of poker, educational
background, and work experience made him the perfect fit for the job. As an
incentive for taking the job, Parasol offered him an ownership stake in the
company, which he eagerly accepted at age 25.

In 2001, they launched PartyPoker, which was one of the first online casinos
to be exclusively dedicated to the game of poker. Dikshit worked 70-hour work
weeks for nearly a year straight in order to make his software better than his
competitors’. Thanks to his efforts, PartyPoker’s software was both easy to use
and very responsive. The site quickly attracted players from all over the world,
causing the company to grow at a rapid rate. The following year, they launched
PartyCasino, a site that offers both slot games and table games.

It wasn’t long before Dikshit’s workload was too much for him to handle on
his own. He got permission to hire his friend, Vikrant Bhargava, to help him
out. Dikshit and Bhargava were a great team who made sure PartyGaming always had
the most up-to-date software as possible. They were constantly bouncing ideas
off one another, discovering ways to make the software more user-friendly. Their
biggest accomplishment was being able to create a multiplayer poker platform,
which would allow up to 70,000 players to be able to compete in the same
tournament at the same time.

Dikshit’s contributions to PartyGaming are not just limited to software
development, as he was also responsible for many of the company’s marketing
strategies. It was his idea to ask Mike Sexton to become the company’s
spokesperson, which attracted a lot of people to their site. It was also his
idea to host the PartyPoker.com Million tournament. This event took place on a
cruise ship and was broadcasted on the Game Show Network. People were drawn to
this event because the winner of the tournament would receive a $1 million cash
prize, making it one of the most lucrative tournaments available.

As the years went on, Dikshit became a valuable asset to PartyGaming. Just
under Parasol, he was the company’s second-largest shareholder. As the company
continued to expand, so did Dikshit’s personal wealth. By the year 2005, he had
reached billionaire status. While he had no plans of retiring at that time, the
events to come the following year would drastically change his mind.

An Early Retirement

In 2006, PartyGaming faced difficulties that were out of their control. The
United States passed the Unlawful Internet Gambling Enforcement Act (UIGEA),
which made it illegal for online casinos to accept US customers. PartyGaming was
forced to tell all of their US customers that they could no longer serve them;
this resulted in a 75% decrease to their yearly revenue. Their stock also
dropped nearly 60% overnight.

Dikshit was devastated when he heard about this new law and made a rash
decision to step down from his position at the company. This was a good choice,
as he was also facing charges from the Department of Justice for being in
violation of the Wire Act. He pled guilty to those charges and was forced to pay
a hefty $300 million fee. He released this statement in regard to his actions:
“I came to believe there was a high probability that the company’s business was
illegal under US laws. I acknowledge my actions and have come to believe that
what I did was wrong.”

While Dikshit was undergoing trial, he still attended PartyGaming’s board
meetings so that he could have some say in how they spent their money. As the
years went on, his involvement in the company continued to decrease. In 2010, he
sold his remaining shares and completely left the online gambling scene.
Although he was only 37 at the time, he had enough money to afford a cushy
retirement.

Dikshit was excited about his early retirement because it allowed him to
spend more time with his wife, Dr. Soma Pujari, and their two children: Hiran
and Prema. They currently live in a 10-bedroom mansion in London, England. The
family spends the summer traveling the world, having visited Greece, Ireland,
Scotland, New Zealand, and a wide variety of other countries.

The Kusuma Trust

Dikshit and his wife established the Kusuma Trust foundation in 2007. On
their website, they posted their mission statement, “We are a philanthropic
organization working in India, the UK and Gibraltar to transform the lives of
young people through education.” Through this trust, they give out grants to
different schools who need money for educational resources such as updated
technology and sporting equipment.

One of their most recent projects involved funding the construction of a
mid-day meal kitchen and feeding program for the students in Odisha. The kitchen
they developed provides meals for over 190 schools and is able to serve around
100,000 students. Before the kitchen was established, students were forced to
bring their lunches from home. Any students whose families could not afford
their lunches would have to go through the entire school day without food.

Another project that stands out was the establishment of STEM (Science,
Technology, Engineering, Mathematics) classes in various schools across the
United Kingdom. Their foundation paid for teachers to get the proper training
and equipment they needed in order to properly teach these classes to their
students. They teamed up with the universities of Nottingham and York so that
students would receive college credit for completing these courses, putting them
one step closer to a higher education.

Conclusion

Dikshit is a highly-skilled software developer who was able to use his area
of expertise to make PartyGaming’s casinos the most advanced casinos on the web.
As a result of his innovativeness, PartyGaming quickly became a
multibillion-dollar company, serving millions of players from all over the
world. Unfortunately, a run-in with the US DOJ caused Dikshit to step down from
his position at the company and face an early retirement.

Dikshit now has more time to spend with his family and give back to those
less fortunate than himself. He currently has no plans to come out of
retirement, but we will be sure to update his biography if he changes his mind.

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