PokerStars CEO Mark Scheinberg Is One of the Youngest Billionaires Now
by Karl Utermohlen | June 13, 2014 2:38 pm
Mark Scheinberg just became one of the world’s youngest billionaires[1] after agreeing to sell PokerStars.
[2]
The 40-year-old is selling the Rational Group[3] — the parent company of PokerStars and Full Tilt Poker — to Amaya Gaming for $4.9 billion. Scheinberg’s father is currently under indictment in the U.S. for allegedly violating the Unlawful Internet Gambling Enforcement Act.
Mark Scheinberg is the CEO of the Rational Group and he owns 75% of the company. Amaya will pay shareholders $4.5 billion and an additional $400 million deferred over three years if a certain level of performance is met.
Scheinberg is set to walk away with $3.6 billion as he plans to leave PokerStars behind after collecting his share.
More CEO News:
- RIP Glenn Britt: Former Time Warner Cable CEO Dies at 65[4]
- Peter Hancock Has Been Named as the New AIG CEO
- Long-Time Employee David Abney to Become New UPS CEO
- CEO Fires 15 Over GM Ignition Switch Recall Mess
- youngest billionaires: http://www.businessweek.com/news/2014-06-13/pokerstars-scheinberg-becomes-billionaire-on-sale-to-amaya
- [Image]: https://investorplace.com/wp-content/uploads/2014/06/iStock-7-e1401825235383.jpg
- selling the Rational Group: https://investorplace.com/2014/06/amaya-gaming-pokerstars/#.U5tBUKiwXRF
- RIP Glenn Britt: Former Time Warner Cable CEO Dies at 65: https://investorplace.com/2014/06/glenn-britt-time-warner-cable-ceo/#.U5tDD6iwXRE
Source URL: https://investorplace.com/2014/06/mark-scheinberg-pokerstars/