How Daniel Negreanu Achieved a Net Worth of $50 Million (2024)

How Daniel Negreanu Achieved a Net Worth of $50 Million (1)

Poker is one of the most revered games in the world and there are various versions to it including online poker games such as baccarat. A lot of establishments have been cropping up to provide poker players with a venue for their games. Just like in every game, there are those who partake of poker as a way to pass time and once in awhile earn money but for others, this is a full-time job. Professional poker players participate in organized tournaments to allow them put their skills to test. Over time, there have been some legendary poker players who have managed to make a whole career for themselves out of poker. Such players include Phil Ivey and Daniel Negreanu who both have Master Classes to teach other eager and young hopefuls of their ways in the poker world.

Who is Daniel Negreanu?

Daniel Negreanu is a Romanian- Canadian professional poker player who was born on July 26th, 1974 in Toronto Canada to Annie and Constantine who were emigrants from Romania. The Negreanus had initially wanted to settle in the US but found themselves in Toronto.

Even at an early age, Daniel was very ambitious and even told his mother that he’d grow up to be rich. He attended the Pineway Public School in North York. While there, the principal had threatened to expel him because of his ill manners and ignoring school rules. Daniel learned how to play poker when he was 15 years old and by the time he was 16, he spent a considerable amount of time in pool halls playing cards. He dropped out of school, just some credits short of graduation, to pursue a life of poker playing at local charity casinos even earning the name Kid Poker due to his impressive poker skills.

After earning money from the illegal games he often partook in, he packed up and moved to Las Vegas at 22 to become a professional poker player. Some years later, he lost his money due to the various pleasures of the city of Vegas and had to move back home. Negreanu has won 6 WSOP bracelets and 2 World Poker Tour Championship titles. In 2014, Negreanu was recognized by Global Poker Index (GPI) which is an independent poker ranking service as the best poker player of the decade.

So how did Negreanu accumulate such wealth?

According to Casino, Daniel Negreanu is the 5th richest poker player in the world with a total of $50 million to his name. Most of his wealth has been earned through various poker tournaments including the World Series of Poker.

After he won in a WSOP tournament, the young poker player gained the courage to compete in other major tournaments. After he won at the US Poker Championship, he participated in another tournament that took place in Atlantic City where he won 2 prizes that amounted to a total of $379,000. Daniel’s first real win was in his first WSOP tournament which was accompanied by his first bracelet. He won a total of $169,000 in the Pot-Limit Hold’em Event in 1998 WSOP. This win saw him become the youngest bracelet winner in WSOP history. His most notable WSOP bracelet win has to be the 2013A No-Limit Hold’em main event where he won a total of $1, 038,825. In total, Negreanu has managed to get 6 WSOP bracelets and a WSOP circuit ring in 2006. Negreanu won the 4th annual British Columbia Poker Championships (BCPC) main event in November 2008 where he topped a field of over 650 players walking away with $229, 951 USD. In 2016, Negreanu won the cash prize of $1million in the 2016 Shark Cage tournament which was organized by PokerStars. Net. Negreanu’s total tournament winnings as of January 2020 exceed a whopping $42 million. $17 million of those winnings are from his 103 cash earnings from the WSOP tournaments.

Other sources

From his poker skills, Negreanu has managed to branch out into a mentoring program where he runs a protégé program. His first protégé was Brian Fiddler. He began the program in 2006 using Full Contact Poker to launch a competition that would select a protégé. A year later, Negreanu ran his second protégé competition where Anthony Mak won. He also became the pro spokesperson for Poker Mountain which is an online poker site in 2005. He used the name Kid Poker to play at this online card room but decided to terminate partnership with the site due to emerging software issues which he felt would eventually lead to the site getting shutdown. Negreanu has also played poker on various poker TV shows such as Poker After Dark, Late Night Poker and High Stakes Poker. He also served as a stand-in-host and the commentator in the show the Ultimate Poker Challenge.

Negreanu also appeared in the reality show Rob and Amber: Against the Odds which aired on Fox where he mentored Rob Mariano in his quest to become a pro poker player in 2007. A year later, he released a book titled Power Hold’em Strategy which bore a close resemblance to Doyle Brunson’s Super/System due to its contributions from other renowned poker players such as Evelyn Ng’, Todd Brunson and Erick Lindgren. He is also featured in the poker video game that was released in 2006 called Stacked with Daniel Negreanu where he provides tips and hints on how to become an effective player. Negreanu is also an online tutor having tutored online as part of the Poker School Online.

According to Best Casino Sites, he has also created a Master Class where he teaches poker theories and plays through video. He has made notable appearances in movies such as the X Men Origins: Wolverine, the Grand and in Katy Perry’s music video Waking Up in Vegas all of which he played a poker player. He also appeared in the movie Lucky You and made a cameo on the CBC program Mr. D where he appeared as himself. Additionally, in September 2005, he posed for a PETA vegan campaign.

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How Daniel Negreanu Achieved a Net Worth of $50 Million (2024)

FAQs

How did Daniel Negreanu get rich? ›

The Poker Career

Daniel Negreanu's professional poker career is the cornerstone of his staggering net worth. Known as “Kid Poker” in the poker community, he has an impressive track record in both live and online tournaments.

How much money is Danny Negreanu worth? ›

Daniel Negreanu – Net Worth $70 Million

Daniel Negreanu, also known as Kid Poker, is one of the most famous poker players of all time and is currently an ambassador for GGPoker.

How much money did Daniel Negreanu win? ›

The event was held at the WSOP but was not eligible for a WSOP bracelet. Negreanu won $1 million as the winner of the 2016 Shark Cage tournament organized by PokerStars.net. As of 2024, his total live tournament winnings exceed $52,400,000. His 252 cashes at the WSOP account for over $22,100,000 of those winnings.

Who is the richest poker player of all time? ›

Here in this list of the richest poker players, we've put broken down the ten biggest scorecards in poker.
  • Daniel Negreanu - $70 million.
  • Doyle Brunson - $75 million.
  • Chris Ferguson - $80 million.
  • Sam Farha - $100 million.
  • Phil Ivey - $125 million.
  • Dan Bilzerian - $200 million.
  • Andy Beal - $10 billion.
Apr 9, 2023

How did Daniel Negreanu get good at poker? ›

After leaving high school one art credit short, Daniel was playing poker full time and with adults twice his age in various charity casinos and other gambling halls. Not only was Daniel playing in these games, but he was also winning on a consistent basis.

What is Phil Ivey worth? ›

As of 2023, Ivey's total live tournament winnings exceed $38.3 million. He has 11 cashes in his live poker career worth at least $1 million. Over $9.2 million of his total winnings have come from cashes at the WSOP. He is currently ranked 11th on the all-time money list.

What is Daniel Negreanu's IQ? ›

Just to put things in perspective, Daniel Negreanu possesses an even higher IQ of 162 than Albert Einstein had. He concluded two consecutive WSOPs with a severe minus in particular; variance is independent of an individual's IQ.

Who is statistically the best poker player? ›

Justin Bonomo is the biggest winner in poker based on tournament results. His record includes a bevy of WSOP bracelets, Triton titles and EPT honours. Put simply, if there's a poker tournament title up for grabs, Bonomo has probably won it. Not only has he won titles, he's won money, and a lot of it.

Are Daniel Negreanu and Phil Ivey friends? ›

As Phil Ivey, another Poker Legend and one of Negreanu's closest friends, puts it, “I can't think of too many people who have done more for the game of poker than Daniel.” Just like another Toronto icon, Negreanu comes from humble origins.

What car does Daniel Negreanu drive? ›

Negreanu bought himself the Tesla Model S, for the sum of CAD$100,000. This vehicle is also an eco-friendly car which uses charge instead of petrol, thus making it a decidedly good investment. Despite being powered by a battery, the USA brand Tesla Model S can reach a speed of around 155mph.

Is poker skill or luck? ›

Poker has a gambling element to it, which leads some players to question if poker is just down to luck. Although there is a serious amount of luck involved in poker, the fact the same big names regularly win in cash games and tournaments shows that there is skill involved.

Who is the king of poker? ›

Daniel Brandon Bilzerian (born December 7, 1980) is an American poker player, businessman, and social media influencer. Tampa, Florida, U.S. Born in Tampa, Florida, Bilzerian benefited from trust funds established by his father, a notable figure on Wall Street.

Do poker players play with real money? ›

Instead, the player will pay the entire sum of their tournament buy-in and will only play with their own money at cash games. This certainly makes playing riskier, but it also means that they get to keep all the money they manage to win.

Who is world number 1 in poker? ›

Leaderboard
PlayerRankCashes
Mikita Badziakouski15
Carlos Mortensen221
Daniel Negreanu326
Andrew Lichtenberger414
72 more rows

How much does Daniel Negreanu make per year? ›

Outside of 2016 and the COVID year (2020), he's cashed for over $1 million every year since 2011, and 14 times in his life. In October 2022, he picked up his second largest score ever — $3.3 million — for winning the $300,000 buy-in Super High Roller Bowl in Las Vegas, the only town he plays poker in these days.

Who does Daniel Negreanu think is the best poker player? ›

Do you agree? This original clip, before editing, is from the Lex Fridman podcast. #poker #gambling #philivey #danielnegreanu.

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