Teddy Sagi
| Teddy Sagi | |
|---|---|
| Born | 1971 (age 45–46) Tel Aviv, Israel |
| Residence | London, England |
| Nationality | Israeli |
| Occupation | Businessman |
| Known for | Founder of Playtech, a gambling software and services company |
| Net worth | US$3.3 billion (April 2017) |
| Partner(s) | Yael Nizri (2010-) |
| Children | 3 |
| Parent(s) | Ami Sagi Lizi Sagi |
Teddy Sagi (born 1971) is a London-based Israeli billionaire businessman. He is the co-founder of Playtech, a FTSE 250 gambling software and services company, and the majority shareholder of Market Tech Holdings, which owns London's Camden Market. He is also the majority shareholder of two AIM-listed technology companies.
Sagi received an 18-month prison sentence in 1999 for "grave deceit, bribery and insider trading", after being found guilty of manipulating bond prices in Israel in 1994.
Teddy Sagi was born in 1971 in Tel Aviv, Israel and grew up there in the Shikun Lamed neighborhood, the son of Ami and Lizi Sagi. His father Ami was the owner of a travel agency, and his mother Lizi was a certified cosmetician who made her living selling and applying makeup.
Sagi owns 33.6% of Playtech, which he founded in 1999. It was floated in 2006 on the at a price that valued the business at approximately £550 million.
Sagi is the majority shareholder of SafeCharge, an "online payment service provider" listed on the Alternative Investment Market (AIM) of the London Stock Exchange. Moreover, he is the majority shareholder of Crossrider, a webbrowser optimizer also listed on the AIM.
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. 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. Sagi intends to invest £300 million in developing the market area by 2018.
In November 2012 Sagi invested $4 million in Sync.me.
In 2013, The Guardian reported that Sagi had "been based in Cyprus for some years".
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