Phil Ivey net worth is
$110 Million

Phil Ivey had already divorced from his wife Luciaetta Ivey in 2009, but their divorce settlement is still an issue today. Luciaetta, however came out well of the situation, according to a document filed this month she received items worth millions and also an alimony of $180,000 per month. Phil Ivey and his wife Luciaetta. Luciaetta Ivey, who post-divorce went by the name Luciaetta Roberts, is a senior partner at something called “The Rich Ventures Group,” – a private equity firm where it seems she worked in public relations. Welcome to PokerNews, the World's No.1 Poker information source. Ivey resides in Las Vegas. Prior to Christmas 2009, Ivey and his then-wife, Luciaetta, filed a joint petition for dissolution of their marriage that was granted by Clark County Family Court Judge William Gonzalez.

Phil Ivey Wiki Biography

Phillip Dennis Ivey Jr., simply known as Phil Ivey, is a famous American professional player of poker. Often referred to as “The Tiger Woods of Poker” or “No Home Jerome”, Phil Ivey is best known as a ten-times winner of World Series of Poker bracelet, which is the most desired non-monetary prize given in poker, as well as a one-time winner of World Poker Tour event, which is an international tournament that is broadcasted live on television. Ivey had also competed in nine World Poker Tour events before. Phil Ivey is thought to be the best poker player in the world nowadays, as he is practically unmatched in his poker skills. A famous poker player, how rich is Phil Ivey? The majority of Phil Ivey’s wealth comes from his poker plays and participation in various poker related events. In 2014, Ivey managed to earn $6 836 from the World Series of Poker event, and later that same year earned $166,986 as well as a sum of $25,756 for participating in the same annual World Series of Poker tournament. In regard to his wealth, Phil Ivey’s net worth is estimated to be a total of $110 million.

Phil Ivey Net Worth $110 Million

Phil Ivey was born in 1976, in Riverside, California. Ivey’s interest for poker started developing in the late 1990s, when he used to play cards with his co-workers at his workplace at the time. Ivey’s poker skills got better over time and he signed up to play it professionally. Ivey rose to fame in 2000 when he became the first poker player to defeat the inductee to the Poker Hall of Fame Amarillo Slim who is widely known for his gambling and poker skills. That same year, Ivey went on to secure a victory at the Pot Limit Omaha tournament and since then kept rising to the top. In 2002 World Series of Poker, Ivey defeated Toto Leonidas, Sirous Baghchehsaraie and Diego Cordovez and won three bracelets in this tournament, tying the record for the most tournament wins in a single year. Needless to say, Ivey’s talents not only brought him a substantial sum of money, which contributed to his net worth, but made him a famous and influential poker player. In addition to the World Series of Poker, Ivey participated in many other important events. In 2005, he took part in Monte Carlos Millions tournament where he won $600 000 and a year later appeared on The London All Star Challenge. In 2007, Phil Ivey made an appearance in a television program called “Poker After Dark”, where he won a prize of $120 000, a significant contribution to his overall $110 million net worth. A skilled player, Phil Ivey was a part of a professional online poker team called “Full Tilt Poker” with whom he competed in online matches until 2011. That year Ivey filed a lawsuit against “Full Tilt Poker” on the grounds that they breached his contract and even though he initially demanded to be released from the contract Ivey withdrew his lawsuit several months later.

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Known for movies

Phil Ivey calls himself 'the greatest poker player of all time,' but a casino in Atlantic City has accused him of being something else: a cheat.

In a lawsuit, the Borgata claims Ivey pocketed more than $9.6 million by cheating at baccarat, the card game made famous by James Bond where the object is to pick the hand with the value closest to nine.

As a well-known poker pro who has won nine World Series of Poker bracelets and nearly $22 million in prize money, Phil Ivey was allowed to make a lot of requests. When he visited the Borgata in 2012, he requested a private pit, a particular set of playing cards and an automatic shuffler. Initially the hotel was happy to oblige the gambler, but now the casino thinks he made those requests just so he could cheat, reports CBS News correspondent Vinita Nair.

The casino claims in court documents that Ivey and a female accomplice studied the edges of the playing cards for tell-tale imperfections. Once Ivey knew the value of those cards, he could then make big bets when those cards were re-dealt. It's a tactic called edge-sorting.

Gaming consultant Eliot Jacobson said playing cards often have irregular patterns along the edges because of printing errors.

'The casinos should be more careful with the cards they use, but the truth is that most of the decks of cards that are out there have some sort of design flaw,' he said.

According to the Borgata lawsuit, Ivey visited the casino four times in 2012. He was betting as much as $100,000 per hand.

The casino says edge sorting gave Ivey at least a 6.5 percent edge over the house, or more than $6,500 dollars won for every $100,000 wagered.

Luciaetta Ivey Picture

'By itself, there's nothing inherently wrong with edge sorting,' Jacobson said. 'The question is what else did he do? Did he involve the dealers in some sort of collusion? Did he work out some sort of deal with the card manufacturer?'

Borgata officials finally caught on after Ivey's fourth visit, when they learned he had been accused of edge sorting by the London casino Crockfords, which withheld more than $12 million of his winnings just two months earlier.

Ivey filed a lawsuit to force Crockfords to release his earnings, and this time he's betting on the law.

Luciaetta Ivey Wiki

Ivey's representative told CBS News that Ivey takes the matter seriously and will defend himself against any questions of his integrity. Edge sorting has never been declared illegal anywhere, which means Ivey's cases could have the potential to set a big precedent.