Teddy Sagi London

10.03.2021by
Teddy Sagi
Born1971 (age4445)
Tel Aviv, Israel
ResidenceLondon, England
NationalityIsraeli
OccupationBusinessman
KnownforFounder of Playtech, a gambling software and services company
NetworthUS$3.3 billion (April 2016)[1]
Partner(s)Yael Nizri (2010-)
Children2
Parent(s)Ami Sagi
Lizi Sagi

Teddy Sagi’s property portfolio now includes London’s Camden Market, Sicilian Avenue and large parts of Holborn and has been valued at many billions of pounds. Here he has pioneered a new type of co-working, using his tech know-how to bring the physical communities much closer together than has traditionally been the case. Saeid Mollaei, Iran's judo world champion, is representing Mongolia in the International Judi Federation (IJF) Grand Slam in Tel Aviv. He is pictured with his Israeli rival Saki Mugi. Teddy Sagi is a visionary entrepreneur and businessman with interests ranging from software and technology development to online security, property, e-commerce and co-working. Teddy was born in Tel Aviv in 1971 and founded Playtech before the age of thirty. Playtech is the world’s leading online gaming software company and was listed on the London AIM market in 2006; six years later, it was successfully listed on the London’s. Teddy Sagi (Hebrew: טדי שגיא ‎; born 1971) is a Cypriot-Israeli billionaire businessman, partially based in London. Sagi is the founder of the gambling software company Playtech and owner of London's Camden Market. His personal wealth is estimated at US$3.6 billion, with interests in real estate, gambling software, payments processing.

Teddy Sagi (born 1971) is a London-based Israeli billionaire businessman and former convicted felon. He is the co-founder of Playtech, a FTSE 250 gambling software and services company, and the majority shareholder of Market Tech Holdings, which owns London's Camden Market. He is also the majority shareholder of two AIM-listed technology companies.

Early life

Teddy Sagi London Pictures

Teddy Sagi was born in 1971 in Tel Aviv, Israel and grew up there in the Shikun Lamed neighborhood,[2] the son of Ami and Lizi Sagi.[3] His father Ami was the owner of a travel agency, and his mother Lizi was a certified cosmetician who made her living selling and applying makeup.[2][3]

Career

Sagi owns 33.6% of Playtech, which he founded in 1999. It was floated in 2006 on the London Stock Exchange at a price that valued the business at approximately £550 million.[4]

Sagi is the majority shareholder of SafeCharge, an 'online payment service provider' listed on the Alternative Investment Market (AIM) of the London Stock Exchange.[5] Moreover, he is the majority shareholder of Crossrider, a webbrowser optimizer also listed on the AIM.[6]

Camden Market Holdings, the owner of Camden Market, Stables Market and Camden Lock Developments was bought by Sagi in March 2014 for £400 million (US$664 million) from Bebo Kobo (50% owner), and Richard Caring and Elliott Bernerd.[7][8] Sagi has continued to buy property in the Camden Market area and as of March 2015, owns the four most important of the six sections of the market, London's second most popular tourist attraction after Buckingham Palace.[9] Sagi intends to invest £300 million in developing the market area by 2018.[9]

Teddy Sagi London England

Teddy Sagi London

In November 2012 Sagi invested $4 million in Sync.me.

In 2013, The Guardian reported that Sagi had 'been based in Cyprus for some years'.[10][11][12]

In April 2015, Forbes estimated Sagi's net worth at US$3.3 billion.[1]

Teddy Sagi London Images

In August 2015, The GoodVision Trust (beneficiary Teddy Sagi) sold a 24.79% stake of Austrian real-estate company conwert Immobilien Invest SE to the German real-estate company ADLER Real Estate AG. The market value of these shares was 0.25 billion Euro.[13]

Personal life

Teddy Sagi London Hotel

Since 2010, Sagi has been living with Yael Nizri, the 2006 Miss Israel, and they have two daughters together.[14][2] They have homes in London's Knightsbridge, Cyprus, Berlin, Tel Aviv, and the United States.[2]

Sagi received an 18-month prison sentence in 1996, and spent nine months in jail, for 'grave deceit, bribery and insider trading', after being found guilty of manipulating bond prices in Israel in 1994. This followed a plea bargain with the district court in Tel Aviv.[15][2][16]

References

  1. 'Teddy Sagi'. Forbes. Retrieved 21 April 2015.
  2. Exposed: The jailbird pornographer behind Britain's crack cocaine gambling machines, The Daily Mail, 18 April 2014
  3. 'Teddy Sagi - Israeli Billionaire and Founder of Playtech'. Gamblingsites.org. Retrieved 2016-04-28.
  4. Garrahan, Matthew (2006-02-17). 'Playtech plans to raise £175m in IPO'. FT.com. Retrieved 2016-04-28.
  5. Ashley Armstrong, Demand for Safecharge pushes up IPO valuation, The Daily Telegraph, 21 March 2014
  6. Tali Tsipori, Teddy Sagi's Crossrider to raise $75m in London IPO, Globes, 31 August 2014
  7. Minchom, Clive. 'Teddy Sagi Buys London's Camden Stables Market In Deal Valued At US$664 Million'. JewishBusinessNews.
  8. http://www.standard.co.uk/news/london/restaurant-tycoon-richard-caring-earns-260m-war-chest-for-new-ventures-after-camden-market-deal-9189523.html
  9. 'Teddy Sagi buys more Camden Market properties'. Globes. 3 March 2015. Retrieved 22 April 2015.
  10. Bowers, Simon (2013-03-18). 'The super-rich who have made Cyprus their home'. The Guardian. ISSN0261-3077. Retrieved 2016-04-26.
  11. IB Times: Teddy Sagi: Israeli billionaire bachelor who has just saved spread-betters Plus500 for £500m
  12. Finance Magnates: Exclusive: IronFX Holds Advanced Merger Talks with Teddy Sagi
  13. PTA-PVR: conwert Immobilien Invest SE: Änderung der Stimmrechtsanteile FinanzNachrichten.de, 20 August 2015
  14. Griver, Simon (2014-05-26). 'Teddy Sagi keen on buying controlling stake in Championship club Reading for just £1 Daily Mail Online'. Dailymail.co.uk. Retrieved 2016-04-28.
  15. Blitz, Roger (2014-03-06). 'Playtech founder cashes in after creating multiple millionaires'. FT.com. Retrieved 2016-04-28.
  16. 'Teddy Sagi: Israeli billionaire bachelor who has just saved spread-betters Plus500 for £500m'. Ibtimes.co.uk. 2015-06-02. Retrieved 2016-04-28.
This article is issued from Wikipedia - version of the 11/3/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.

Teddy Sagi is a visionary entrepreneur and businessman with interests ranging from software and technology development to online security, property, e-commerce and co-working.

Teddy was born in Tel Aviv in 1971 and founded Playtech before the age of thirty. Playtech is the world’s leading online gaming software company and was listed on the London AIM market in 2006; six years later, it was successfully listed on the London’s main market. In 2016, Teddy divested and diversified his business focus; since then his stake has been reduced through several transactions with the final stake being sold in November 2018.

Teddy launched two other AIM-listed online services companies – Kape Technologies PLC, an internet security and digital distribution platform and SafeCharge, an online payment service provider. In August 2019, Teddy’s entire interest in SafeCharge was sold to a Canadian payments tech company, and as a result of the acquisition, SafeCharge was delisted from the LSE.

In recent years, Teddy has invested into the London commercial property market via a notable investment in Market Tech Holdings. Market Tech Holdings is the owner of the vast majority of London’s iconic Camden market including Camden Lock Market, Stables Market, Union Street Market, and Camden Lock Village.

Market Tech was previously a main market company listed on the LSE, since privatised and delisted following a successful and mutually beneficial takeover.

Teddy Sagi’s interest in Market Tech Holdings is held by LabTech Investments. LabTech Investments creates urban communities that provide coworking, living, commerce and leisure, enabled by technology, powered by people and underpinned by a multi billion property portfolio. The company owns and operates a global property portfolio, concentrated in urban centres such as London, Tel Aviv and other main European cities. Cara menang scr888 web. London is at the heart of LabTech’s vision and strategy, with an existing portfolio of 2 million sqft of property across Camden, Holborn, and Kings Cross and Hackney, four of the city’s most vibrant areas.

Teddy lives with Yael Nizri, the 2006 Miss Israel, and they have four daughters and a son together. They have homes in Tel Aviv, London, Berlin and Cyprus.

Teddy Sagi has long been known as a technology visionary and entrepreneur. Now, with London as his family’s main business base, he’s transforming the way we work, live and network.

Comments are closed.