Phil Hellmuth Net Worth - Net Worth Of The Two-time Champion Of The World Series Of Poker
Phil Hellmuth is a professional poker player known as "The Poker Brat" due to his animated and competitive demeanor when playing the game. Hellmuth has earned the nickname. He is the current holder of the record for the most bracelets won in the World Series of Poker (WSOP). Additionally, he is famous for winning the World Series of Poker Main Event in 1989 and again in 2012.
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Phil Hellmuth is a professional poker player from the United States who has an estimated net worth of $20 million.
Philip "Phil" Jerome Hellmuth, Jr. made his debut in the world on July 16, 1964, in the city of Madison, Wisconsin.
Phil Hellmuth, whose flamboyant and aggressive nature earned him the nickname "Poker Brat," is a poker player who has won numerous major tournaments, including the Player of the Year award, the NBC Heads-Up Championships, the European Poker Championships, and more than 50 others.
Phil is an entrepreneurwho furthermore runs a casino games firm, a publishing company (PokerBrat.com), a garment company (PokerBrat.com), and a real estate company.
In addition to that, he makes appearances in public and delivers motivational speeches.
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The way that the professional poker player became wealthy was by triumphing in significant tournaments against a wide variety of well-known players from all over the world.
As of right now, the total amount of money he has won from live tournaments is projected to be in excess of $30 million, and he is now ranked 21st on the all-time money list.
Long before that, in 1988, he made his first significant participation in a poker tournament.
This event was held in Las Vegas.
It was at the 1988 World Series of Poker that he made his very first appearance in the money.
He was eliminated by Johnny Chan, who went on to win the tournament, and finished in 33rd place.
The year after that, at the age of 24, he became the youngest player to win the main event of the WSOP tournament.
This accomplishment came about as a result of his victory over Johnny Chan in a heads-up play.
During his very first outing at a tournament of this caliber, the 1989 "No-Limit Hold 'em World Championship," he gambled more than an estimated $10,000.
This was his first time competing at a tournament of this level.
As a result of his excellent achievement, it is believed that he has accumulated a total of $755,000.
Throughout the decade of the 1990s, he competed in a number of "Limit Hold em" and "No-Limit Hold 'em" tournaments, and it is estimated that he won between $100,000 and $200,000 in each tournament.
It is estimated that he was able to earn a total of one million dollars over that decade.
Since the early 2000s, he has been making random appearances at the aforementioned "Limit Hold em" and "No-Limit Hold 'em" tournaments, and each time, he has walked away with more than $400,000 despite beginning the tournament with less than $5,000.
His most notable victory came in an event held in 2012 called "No-Limit Hold 'em Main Event."
As a result of this victory, he was able to earn an estimated $1 million.
Poker After Dark, Late Night Poker, Poker Em 7-Card Stud Main Event, and Party Poker are some of the other prominent tournaments in which he has competed.
The likes of Men Nguen, Antonio Esfandiari, Chris Ferguson, Chip Reese, and Huck Seed are just some of the notable opponents he has defeated in the past.
Among his most notable victories are these.
His fourth-place performance in the $1,000,000 buy-in "Big One for One Drop" event resulted in him collecting a cool $2,645,333 in return.
The "balla" lifestyle that Phil Hellmuth portrays, with his rides in private jets, expensive nights out clubbing, Dom Perignon, and other luxury items, is especially surprising when one considers the fact that his house is very modest by poker player standards, as seen in a video tour published by CardPlayer in 2010.
According to Zillow, the home is located on a busy street in Palo Alto and has a floor space of less than 4,000 square feet.
The lot size is around one-third of an acre.
As of the month of July 2018, Zillow estimates that the value of the residence is somewhat more than $8 million.
During an interview with CardPlayer in 2010, Phil Hellmuth stated that he and his wife had lived in the same house for "12 years" because they adore it.
Given this information, the year of the sale would be approximately 1998.
If you look at a graph of real estate prices in Palo Alto, you will notice that the line trending to the right is climbing higher and higher.
Since 1998, the United States has been experiencing one of the most appreciative real estate markets, and it's likely that Phil and his wife have amassed a net worth of between $8 million simply as a result of owning real estate in this market.
This is assuming that they have not taken cash out of the property in order to refinance it.
The furnishings and décor are simple, with the exception of a rug that, according to Phil, set him back somewhere in the range of 20,000 and 40,000 dollars.