Teddy Sagi is Israel's 6th Most Wealthy Citizen

Playtech founder and majority shareholder Teddy Sagi has become Israel's sixth most wealthy citizen, as Forbes magazine has reported that his acquisitions have boosted his bankroll all the way to $4.4 billion.

Sagi's company purchased spread betting firm Plus500 and AvaTrade, and he also owns the website Markets.com. He also owns Camden Markets in the United Kingdom, and it is thought that he will purchase more firms in the near future. Last year, Sagi was the 15th wealthiest Israeli with a worth at $2.3 billion.

Moving forward it will be interesting to see what firms Sagi's online betting giant will pick up, as the industry begins to consolidate.

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