Paul Newey

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 (1968-09-06) 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

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

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

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.

Newey plays online under the alias "topdoll827".[10]

References
  1. "Paul Newey: Executive Profile & Biography". bloomberg.com. Retrieved 2018-02-26.
  2. "Rich List 2013: No.28 - Paul Newey (£230m)". Birmingham Post. 2013-01-28. Retrieved 2018-02-26.
  3. Strachan, Ian (2015-01-22). "Rich List 2015: No.17 - Paul Newey". Birmingham Post. Retrieved 2018-02-26.
  4. Strachan, Ian (2017-01-26). "Rich List 2017: No.20 - Paul Newey". Birmingham Post. Retrieved 2018-02-26.
  5. Walsh, By Dominic; Nugent, Helen (2005-01-06). "High roller hits casino where it hurts with his £3m jackpot". thetimes.co.uk. Retrieved 2018-02-26.
  6. Osborne, Alistair (27 January 2005). "High roller loses his £3m spoils". Telegraph.co.uk. Retrieved 2018-03-07.
  7. Green, Jessica (9 October 2017). "Moment lucky businessman wins £1MILLION on Las Vegas slot machine". birminghammail. Retrieved 12 February 2020.
  8. Ryan, Rich (2014-01-08). "Paul Newey on Diving Straight into the Poker World, Improving, and More". PokerNews. Retrieved 2018-02-26.
  9. Tuley, Dave (2014-07-02). "Daniel Colman wins One Drop for $15 million". ESPN.com. Retrieved 2018-02-26.
  10. Pete (26 February 2018). "Mega Rich Businessman Paul Newey revealed as "topdoll287" Online". HighstakesDB. Retrieved 2018-02-28.
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