Teddy Sagi
Source of wealth: Gambling software
...
...
The scale of their wealth
Health
The price of life
Let's compare Teddy Sagi's fortune with the healthcare spending of a massive country
Teddy Sagi could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 3.2 years.
But even if we compare their fortune with that of a rich country
On the other end, Teddy Sagi could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 1.4 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Teddy Sagi could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 2.1 years.
And yes, we can also compare it with a rich country
But they couldn't just cover the cost of a poor country; Luxembourg is considered the country with the highest per capita investment in education in the world, and Teddy Sagi could pay for it entirely for 2.8 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Teddy Sagi could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 11.9 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Teddy Sagi with Israel, the country that invests the most per capita in research in the world, they could cover the total cost of the system for 0.3 years.
Gold
Everyday luxuries
Teddy Sagi's fortune is equivalent to 49 tons of gold. It's hard to process, since we don't usually keep a handful of gold bars in our piggy banks.
A standard gold ring usually weighs between 4 and 7 grams. Let's say this one weighs 5 grams. It's usually 18 karats.
Based on today's gold price (excluding the jeweler's commission, shipping, or anything else), that ring would be worth $546.86.
Teddy Sagi could buy 12,951,642 gold rings. That's a lot of fingers and way too many gifts!!
And if you're struggling to visualize that many rings, it would take 2 trucks to transport them. Although Teddy Sagi will almost certainly have enough money left over to pay for the gas.
Biography
Teddy Sagi founded gambling software developer Playtech in 1999. It has revenue of more than $1 billion and is traded on London's stock exchange.
Sagi sold a 12% slice of Playtech for almost $400 million in 2016; he sold the rest for $88 million in November 2018.
He has taken 4 companies public on London's AIM: Playtech, Market Tech, online payments processor SafeCharge and cybersecurity company Kape.
Sagi took Market Tech (now Labtech London) private in July 2017; it owns a portfolio of London property including tourist hot spot Camden Market.
In 2019, he sold SafeCharge to Canadian company, Nuvei for $889 million. His other investments include co-working spaces and technology startups.
Financial Assets
Monthly wealth history
Fortune comparison
Historical data not available for comparison