Teddy Sagi Group

  1. Teddy Sagi Groups
  2. Teddy Sagi Skywind Group
  3. Teddy Sagi Group
  4. Globe Investments

Teddy Sagi founded gambling software developer Playtech in 1999 and built it into a $700 million (sales) firm that trades on London's stock exchange. Sagi sold a 12% slice of Playtech for almost. An Iranian judo world champion has been pictured posing with his Israeli rival as he is competing in an international contest in Tel Aviv against the wishes of Tehran. Saeid Mollaei defected to. Teddy Sagi Group and Teddy Sagi are the most recent investors. 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, and digital advertising. Playtech was founded in 1999 by the Israeli entrepreneur Teddy Sagi in Tartu, Estonia, with partners from the casino, software engineering and multimedia industries. Playtech launched its first casino product in 2001, and since then it has grown to become the world’s leading and largest international designer, developer and licensor of web.

Born1971 (age 49–50)
Tel Aviv, Israel
NationalityIsrael
Cyprus
OccupationBusinessman
Known forFounder of Playtech
Founder of SafeCharge International
Net worth £3.672 billion (Sunday Times Rich List, 2020)
Partner(s)Yael Nizri (2010–)
Children6

Teddy Sagi (Hebrew: טדי שגיא‎; born 1971) is a Cypriot-Israeli[1] 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, and digital advertising.[2][3]

Early life[edit]

Sagi was born in 1971 in Tel Aviv, the only child of Ami Sagi, a businessman who owned a travel agency, and his wife Lizi, a cosmetician, who sold make-up.[4][5][6] He grew up there in the Shikun Lamed neighborhood,[6]

Teddy Sagi Group

Career[edit]

On 5 March 2021, Forbes listed his net worth at US$5.1 billion.[7]

Playtech[edit]

Sagi founded Playtech in 1999. It was floated in 2006 on the London Stock Exchange at a price that valued the business at approximately £550 million.[8] He has since scaled down his holdings to 4.6%, as opposed to 81% at the time of its IPO.[9] He has since invested in hi-tech companies and real estate.

Hi-Tech[edit]

SafeCharge[edit]

Sagi was majority shareholder (with 68% control) of the company, which is a credit card clearing company for the online gambling industry.[10]

Primarily based in Bulgaria, SafeCharge was traded on London's AIM, with a market cap of £385 million. The company was listed on the Alternative Investment Market (AIM) of the London Stock Exchange.

In 2019, Nuvei Corporation announced its acquisition of SafeCharge, and agreed to pay US$889 million in cash for it. In August 2019, Nuvei completed the acquisition.

Kape Technologies plc[edit]

In late 2012 Sagi acquired the start-up company Crossrider for $US 37M. The company went public on AIM at a value of $US 250M. In June 2016 following the appointment of new management team, the company changed its strategy to focus to Cyber-security with a focus on Digital Privacy and Protection of digital data. In March 2018 the name of the company was changed to Kape Technologies plc[11]

Stucco Media[edit]

In 2015 Sagi acquired the start-up company Stucco Media for $US 43M. The acquisition was made by Market Tech, and the company is now owned by him. Stucco Media develops eCommerce website technology.[12]

Glispa[edit]

Also in 2015, Sagi acquired the German start-up for 32M EUR. Glispa is an advertising company, mainly via mobile phones.[13]

Mobfox[edit]

In November 2018, Sagi acquired the mobile advertising company Mobfox from Matomy Media for $7.5M.[14]

Real-Estate[edit]

Camden Market[edit]

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 for 2.3-2.6Bn ILS, which later turned out to be the biggest LSE IPO of 2015.[15][16] 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.[17]

In July 2017 Sagi has completed delisting Market Tech from the LSE, at a value of 1.1Bn ILS.[18]

Teddy Sagi Group

Sagi intends to invest £300 million in developing the market area by 2018.[17]

Other Real Estate Ventures[edit]

In June 2017 Sagi acquired 44% of Brack Capital Properties N.V, which is a listed real estate company, owning and developing residential and commercial properties in Germany.[19]

Teddy Sagi Groups

Sagi is also reported to enter the co-working share workspace sector with an international brand LABS. The first location is slated to open in London.[20]

Teddy Sagi Skywind Group

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 250 million euros.[21]

In March 2020, Labtech, the property investment firm owned by Teddy Sagi, completed the sale of Holborn Links Estate for 245 million euros to investors Tristan Capital Partners and Cording Real Estate Group.[22]

Teddy sagi grouper

Wealth[edit]

He is ranked 6th on Forbes' Richest Israeli People.[23] On May 30, 2019 in the Forbes rankings - 546th (3.9B).[24]

According to The Sunday Times Rich List in 2020 his net worth was estimated at £3.672 billion.[25]

Personal life[edit]

In 1996 Sagi received a nine-month prison sentence after being convicted in Israel of bribery and fraud.[26]

In 2009 Sagi obtained Cypriot citizenship as part of a 'golden visa' scheme by Cyprus government. As Cyprus is part of the European Union, Sagi obtained a Passport of the European Union.[1] In 2013, The Guardian reported that Sagi had 'been based in Cyprus for some years'.[27][28]

Since 2010, Sagi has been living with Yael Nizri, the 2006 Miss Israel, and they have two daughters together.[citation needed] Sagi owns the most expensive home in Israel, located in Herzliya. The home, which he bought in 2010, lies in the wealthy neighborhood of Herzliya Pituah on Galei Techelet Street, Israel's most expensive street. It is a 2,000 square meter house on a half-acre lot on the shore, and has a fitness room, wine cellar, sealed room, and an elevator to the beach. Sagi also owns two penthouses in Herzliya, and other homes in Tel Aviv (including an apartment in the Tzameret Towers purchased from former Israeli Prime Minister Ehud Barak), London's Knightsbridge, Cyprus, and Berlin.[29][30][31]

References[edit]

  1. ^ abFarolfi, Sara (17 September 2017). 'The billionaires investing in September Cyprus in exchange for EU passports'. TheGuardian.com. Retrieved 19 September 2017.
  2. ^'Teddy Sagi'. Forbes. Retrieved 28 August 2017.
  3. ^'Teddy Sagi sells Playtech shares for $139m - Globes English'. Globes (in Hebrew). Retrieved 3 September 2017.
  4. ^Tsipori, Tali (17 May 2010). 'Israel's young billionaire'. Globes. Retrieved 11 February 2020.
  5. ^'The Story of Teddy Sagi'. 20 October 2016. Retrieved 11 February 2020.
  6. ^ ab'Teddy Sagi - Israeli Billionaire and Founder of Playtech'. Gamblingsites.org. Retrieved 28 April 2016.
  7. ^https://www.forbes.com/profile/teddy-sagi/?sh=2a1985831056
  8. ^'Subscribe to read'. Financial Times. Retrieved 22 August 2017.Cite uses generic title (help)
  9. ^'Playtech founder Teddy Sagi cuts stake to fund real-estate move'. Financial Times. Retrieved 22 August 2017.
  10. ^'Teddy Sagi's SafeCharge raises $126m on AIM - Globes English'. Globes (in Hebrew). Retrieved 22 August 2017.
  11. ^'Teddy Sagi's Crossrider to raise $75m in London IPO - Globes English'. Globes (in Hebrew). Retrieved 22 August 2017.
  12. ^'Sagi buys Israeli e-commerce co Stucco Media - Globes English'. Globes (in Hebrew). Retrieved 22 August 2017.
  13. ^'Teddy Sagi's Market Tech acquires glispa - Globes English'. Globes (in Hebrew). Retrieved 22 August 2017.
  14. ^'Matomy Media To Sell Advertising Platform Mobfox For USD7.5 Million'. 15 November 2018. Retrieved 16 November 2018.
  15. ^Minchom, Clive. 'Teddy Sagi Buys London's Camden Stables Market In Deal Valued At US$664 Million'. JewishBusinessNews.
  16. ^'Restaurant tycoon Richard Caring earns £260m 'war chest' for new ventures after Camden Market deal London Evening Standard'. Standard.co.uk. 13 March 2014. Retrieved 19 April 2017.
  17. ^ ab'Teddy Sagi buys more Camden Market properties'. Globes. 3 March 2015. Retrieved 22 April 2015.
  18. ^'Teddy Sagi delisting Market Tech from LSE - Globes English'. Globes (in Hebrew). Retrieved 22 August 2017.
  19. ^'Teddy Sagi buys control of Brack Capital - Globes English'. Globes (in Hebrew). Retrieved 22 August 2017.
  20. ^'Teddy Sagi to launch shared workspace co LABS - Globes English'. Globes (in Hebrew). Retrieved 22 August 2017.
  21. ^PTA-PVR: conwert Immobilien Invest SE: Änderung der Stimmrechtsanteile FinanzNachrichten.de, 20 August 2015
  22. ^'Teddy Sagi's Labtech sells Holborn Links Estate for £245m'. CityAM. 2 March 2020. Retrieved 3 March 2020.
  23. ^'100 העשירים בישראל 2016 - פורבס ישראל'. www.forbes.co.il. Retrieved 22 August 2017.
  24. ^'Teddy Sagi'. Forbes. Retrieved 30 May 2019.
  25. ^Times, The Sunday. 'Rich List 2020: profiles 21-50, featuring Salma Hayek and Sir Richard Branson'. ISSN0140-0460. Retrieved 10 July 2020.
  26. ^Blitz, Roger. 'Playtech founder cashes in after creating multiple millionaires'. Financial Times. Retrieved 22 May 2020.
  27. ^Bowers, Simon (18 March 2013). 'The super-rich who have made Cyprus their home'. The Guardian. ISSN0261-3077. Retrieved 26 April 2016.
  28. ^'Teddy Sagi: Israeli billionaire bachelor who has just saved spread-betters Plus500 for £500m'. ibtimes.co.uk. Retrieved 30 July 2017.
  29. ^'Israel's most expensive home sold for NIS 135m - Globes English'. Globes. Retrieved 6 December 2017.
  30. ^'Teddy Sagi buys 2 Herzliya penthouses - Globes English'. Globes. Retrieved 6 December 2017.
  31. ^'כלכליסט', שי סלינס (19 March 2012). 'טדי שגיא הוא רוכש הדירה של ברק באקירוב'. Retrieved 6 December 2017 – via Ynet.
Group

Teddy Sagi Group

Retrieved from 'https://en.wikipedia.org/w/index.php?title=Teddy_Sagi&oldid=1010449848'

Globe Investments

Health Ministry deputy director-general Itamar Grotto explained on Friday that he allowed billionaire Teddy Sagi into the country without coronavirus isolation in a manner consistent with the policy for granting exemptions.He said that he did not personally know billionaire Teddy Sagi, the Cypriot-Israeli tycoon, whose entrance into the country without isolation sparked outrage.Sagi reportedly requested that Grotto let him out of the 14-day isolation period required by the Health Ministry to attend a family event. Grotto granted him permission, and Sagi was later caught on film at a rooftop party, raising questions as to why the special permission was granted.In an open letter addressed to director-general Moshe Bar Siman Tov and disseminated to the media on Friday, Grotto responded to a series of media attacks over the past few days.“I don’t know Teddy Sagi and I have nothing to do with Teddy Sagi,” Grotto wrote. “Teddy Sagi never contacted me for approval… I got the call from the civil service.”Grotto explained that approvals have been granted in the past specifically for people who want to attend family events and therefore, the decision to allow Sagi into Israel was in line with Health Ministry policies and practice.Later, an email received by Israeli media showed that Grotto had in fact allowed Sagi out of isolation only for the family event: 'quarantine until the family event and quarantine until you leave the country,' the email said.In his letter to Bar Siman Tov, Grotto also stressed that Sagi arrived on a private plane from Cyprus, without fear of exposure to other people on the way. Cyprus is a green state, meaning it has an exceptionally low infection rate.Sagi had also reported that he had previously been infected with coronavirus and recovered.He said that Sagi also took a serological (antibody) test in Israel and was found to be immune to corona, which verified his previous claim that he had been infected and recovered. He likewise retook a PCR test before leaving back to Cyprus, which also came out negative.“It can be said unequivocally that he was at no risk of infecting others,” Grotto continued, stating that he approved the exception for Sagi “in a manner consistent with the organization’s policy.”Moreover, Grotto maintained that, as per media reports, relief of this kind was provided by the Health Ministry throughout the coronavirus crisis to a variety of people for a multitude of reasons – many with the full knowledge and consent of Bar Siman Tov.“I have received hundreds of inquiries regarding various reliefs, including in the area of exemptions from isolation. I hope and believe that in most cases I have decided correctly, and I am surely sorry for any case where this was not the case,” Grotto wrote.Grotto requested that his letter to Bar Siman Tov, which was copied to newly appointed Health Minister Yuli Edelstein, be shared with the media “in order to reduce, even if slightly, the damage done to me.”Following the report on N12, Edelstein summoned Grotto for a disciplinary hearing, vowing to “examine the issue with all disciplinary measures at his disposal.”However, after investigation, it does not appear that Grotto will be fired.
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