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PartyGaming execs are wealthiest online gambling entrepreneurs

28/4/2009
The Sunday Times internet rich list has revealed that four PartyGaming executives feature in the listing of the top 10 richest online business people.

The annual Rich List of Britain’s 1,000 wealthiest people was published yesterday and includes individuals and families who were born out of the UK but who predominantly work or live in Britain.

Online gaming executives featured heavily on the list, with PartyGaming founders Russ De Leon and Ruth Parasol ranking second place on the internet list with £700 million. Anurag Dikshit, group operations director for the company was third on the list with £559 million with marketing director Vikrant Bhargava was in ninth place with £230 million.

Founders of the Bet365 company Peter Coates and his daughter Denise were sixth on the list with an estimated £400 million each, with Betfair having three of their executives featuring in the top 20; founder Ed Wray was number 11 with £190 million, Andrew Black was 12th with £185 million and Rich Koch, equity investment manager, was 17th with £129 million.

However, the list was topped by founder and owner of the internet securities dealer CMC, Peter Cruddas, with an estimated wealth of £1 billion.

The recession also played a role in the listing this year, with the economic slowdown causing a total of £155 billion to be missing from the list compared to last year, which is the biggest fall since the richest online business people list was first compiled 21 years ago.

Kayley Almond
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