Paul Newey (born 6 September 1968) is an English businessman and semi-professional poker player from Dorset, England who co-founded Ocean Finance and later New Wave Ventures.
| Paul Newey | |
|---|---|
 Paul Newey in 2017 | |
| Born | 6 September 1968 |
| 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 |
Career edit
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 edit
Newey is an avid gambler. On 4 January 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 edit
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.[10]
Newey plays online under the alias "topdoll827".[11]
References edit
- ^ "Paul Newey: Executive Profile & Biography". bloomberg.com. Retrieved 26 February 2018.
- ^ a b "Rich List 2013: No.28 - Paul Newey (£230m)". Birmingham Post. 28 January 2013. Retrieved 26 February 2018.
- ^ Strachan, Ian (22 January 2015). "Rich List 2015: No.17 - Paul Newey". Birmingham Post. Retrieved 26 February 2018.
- ^ Strachan, Ian (26 January 2017). "Rich List 2017: No.20 - Paul Newey". Birmingham Post. Retrieved 26 February 2018.
- ^ Walsh, Dominic; Nugent, Helen (6 January 2005). "High roller hits casino where it hurts with his £3m jackpot". thetimes.co.uk. Retrieved 26 February 2018.
- ^ Osborne, Alistair (27 January 2005). "High roller loses his £3m spoils". Telegraph.co.uk. Retrieved 7 March 2018.
- ^ Green, Jessica (9 October 2017). "Moment lucky businessman wins £1MILLION on Las Vegas slot machine". birminghammail. Retrieved 12 February 2020.
- ^ Ryan, Rich (8 January 2014). "Paul Newey on Diving Straight into the Poker World, Improving, and More". PokerNews. Retrieved 26 February 2018.
- ^ Tuley, Dave (2 July 2014). "Daniel Colman wins One Drop for $15 million". ESPN.com. Retrieved 26 February 2018.
- ^ "Paul Newey's profile on The Hendon Mob". The Hendon Mob Poker Database. Retrieved 24 November 2023.
- ^ "Mega Rich Businessman Paul Newey revealed as "topdoll287" Online". HighstakesDB. 26 February 2018. Retrieved 28 February 2018.