Paul Newey

Paul Newey
Born c. 1968 (age 49–50)
World Series of Poker
Bracelet(s) None
Final table(s) 1
Money finish(es) 4
Highest ITM
Main Event finish		 726th, 2016
World Poker Tour
Title(s) None
Final table(s) 1
Money finish(es) 1
European Poker Tour
Title(s) None
Final table(s) 6
Money finish(es) 14

Paul Newey (born c. 1968) is an English businessman and semi-professional poker player from Dorset, England who co-founded Ocean Finance and later New Wave Ventures.

Career

In 1991, Newey co-founded Ocean Finance, a loan and mortgage business, in Staffordshire, United Kingdom. He sold the company in 2006 and left his CEO position in 2009. He later co-founded New Wave Ventures a privately owned investment fund located at Adam House in London.[1]

Newey has made the Birmingham Post rich list in 2013, 2015 and 2017 ranking 28th, 17th and 20th respectively.[2][3] At the end of 2017 his net worth was estimated at $335 million.[4]

Gambling

Newey is an avid gambler. On January 4, 2005, Newey nearly broke the bank at Birmingham's Genting Casino Star City where he won £3 million and forced owner Stanley Leisure to issue a profit warning. The casino value declined by 12% as a result of Newey's win.[2][5] Newey lost his winnings later that month.[6]

In 2014, Newey won four times at the $5,000-a-spin machines in Aria Casino located in Las Vegas for a total of $1.75 million.[7]

Poker

Newey began playing high stakes poker tournaments in 2012 after entering the $1,000,000 Big One for One Drop event at the World Series of Poker. Newey was eliminated without cashing on Day 2 by eventual champion Antonio Esfandiari.[8]

In 2014, Newey again entered the $1,000,000 One Drop event; this time, he finished 7th, earning $1,418,667.[9] Newey has had success in the poker world. As of 2018, Newey has cashed for over $4,800,000.

Newey plays online under the alias "topdoll827".[10]

References

  1. ↑ "Paul Newey: Executive Profile & Biography". bloomberg.com. Retrieved 2018-02-26.
  2. 1 2 "Rich List 2013: No.28 - Paul Newey (£230m)". Birmingham Post. 2013-01-28. Retrieved 2018-02-26.
  3. ↑ Strachan, Ian (2015-01-22). "Rich List 2015: No.17 - Paul Newey". Birmingham Post. Retrieved 2018-02-26.
  4. ↑ Strachan, Ian (2017-01-26). "Rich List 2017: No.20 - Paul Newey". Birmingham Post. Retrieved 2018-02-26.
  5. ↑ Walsh, By Dominic; Nugent, Helen (2005-01-06). "High roller hits casino where it hurts with his £3m jackpot". thetimes.co.uk. Retrieved 2018-02-26.
  6. ↑ Osborne, Alistair (27 January 2005). "High roller loses his £3m spoils". Telegraph.co.uk. Retrieved 2018-03-07.
  7. ↑ Sheppard, Joe (30 September 2017). "Gambler wins £1.3million on $5,000-a-spin slot machines". Mail Online. Retrieved 2018-02-26.
  8. ↑ Ryan, Rich (2014-01-08). "Paul Newey on Diving Straight into the Poker World, Improving, and More". PokerNews. Retrieved 2018-02-26.
  9. ↑ Tuley, Dave (2014-07-02). "Daniel Colman wins One Drop for $15 million". ESPN.com. Retrieved 2018-02-26.
  10. ↑ Pete (26 February 2018). "Mega Rich Businessman Paul Newey revealed as "topdoll287" Online". HighstakesDB. Retrieved 2018-02-28.
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