Phil Ivey Net Worth: Masterclass, Winnings, Poker Income & Controversy

If you are into Poker, then Phil Ivey is a name you must have come across time and again. One of the notorious names in Poker, the American-born, is dubbed as “Tiger Woods of Poker.”

Likely so, as the American born has an impressive net worth of $100 million.

Phil Ivey, net worth
Phil Ivey’s net worth is still on the rise.

Aren’t we all curious? Is Poker playing that profitable? Can anyone master the game? What makes Phil Ivey so unique? Does he have any other side hustle?

Many, many questions arise. Making hundreds and thousands of dollars in a high stake game like Poker is no joke. Gambling is no joke.

But, it’s nothing for Phil Ivey. Learn more about the master!

Quick Facts 

Full NamePhillip Dennis Ivey Jr. 
Birth DateFebruary 1, 1977
Birth PlaceRiverside, California, US 
Nick NamePhil Ivey/ The Phenom/ No Home Jerome/ Tiger Woods of Poker 
ReligionChristianity
NationalityAmerican 
EthnicityUnknown 
EducationOld Bridge High School 
HoroscopeAquarius 
Father’s NamePhil Ivey Sr. 
Mother’s NamePamela Ivey 
SiblingsNot Available 
Age45 years old
Height6’2″/188 cm 
Weight171 lb/78 kg
Hair ColorBald 
Eye ColorGolden Brown 
Body TypeAthletic
ProfessionPoker Player 
Active Years1990s- present 
Marital StatusDivorced 
SpouseLuciaetta (2002-2009)
ChildrenNone 
Net Worth $100 Million 
Social Media Facebook, Instagram, Twitter
Last UpdateMay, 2022

Phil Ivey Net Worth | How he came to be “The Phenom”?

Phil Ivey was born Phillip Dennis Ivey Jr., in Riverside, California. The poker star celebrated his birthday on February 1, 1977. However, Ivey’s family decided to relocate to New Jersey when he was just an infant.

Growing up in a suburban town is where Phil would master poker craft. Similarly, the Poker Hall of Famer has his grandfather to thank for paving a passage to the world of poker.

The first time an American heard of the word “Poker” was in a barbershop, and ever since that day, Poker became life.

Moreover, starting at the age of 8, Grandpa Ivey and little Ivey spent much of their playing 5-card stud and even placing some pennies for the stakes.

To everyone’s amazement, Phil turned out to be a natural, even going as far as strategizing to win games on his own.

Likely so, Phil’s grandfather saw the immense potential and later encouraged him to go pro. While completing school, Ivey’s love for the game never receded.

At age 13, Ivey would refine his amateur skills against co-workers in a telemarketing firm.

The game meant so much to young Phil that he would create a fake ID to play poker in Atlantic City; hence people dubbed him as “NO Home Jerome.”

Phil Ivey Net Worth | Poker Career

Before going pro, however, Poker professionals Barry Greenstein and Daniel Negreanu advised Phil to play better. The ever-so eager, knowledge-hungry perfectionist Ivey gobbled everything thrown at his way. The mentorships from the pros made the person we now know as “Tiger Woods of Poker.”

In the year 2000, the world finally got to know the Californian-born. In particular, then 23-year-old up-and-coming Poker master managed to gain the upper hand against the legendary Amarillo Slim and won his first-ever WSOP bracelet.

Added to the title, a hefty $200k sum filled his pocket. Winning against a Poker legend definitely boosts your confidence. Ivey took another step to establish himself further.

Similarly, the year 2001 did not go according to plan. Despite Ivey’s extraordinary performance, defeat was awaiting him.

Speculations arose that the up-and-coming poker player was just a one-season wonder.

Regardless of prevalent beliefs, the soon-to-be Hall of Famer bounced back and topped 2002 in a surprising 3 WSOP gold bracelets wins.

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Thereafter, Ivey’s collection of gold bracelets reached 6, totaling about 10 WSOP gold bracelets to date. Since 2000, Phil’s participation and subsequent win resulted in the winner’s sum of thousands of dollars.

No-Limit Hold’em 

Further, from 2000 to 2014, the poker star earned a total of $2,054,154, individually $195k, $118k, $107k, $132k, $635k, $96k, $220k, $329k, $51k, and $166k.

Nonetheless, Phil Ivey’s net worth is much more than those mentioned earlier.

From the Monte Carlo Millions tournament, the Americans became $1 million richer. Due to Poker, Ivey has become an avid traveler and believes it’s worth traveling for Poker.

In 2008, the Poker Hall of Famer pocketed $1.5 million after destroying legends like Phil Hellmuth and other greats. The game was No-Limit Hold’em.

In 2012, the land down under (Australia) called him for another worthy travel. It was undoubtedly worthwhile as Phil came head-to-head with another exceptional Poker player, Patrik Antonius.

What’s life without a bit of difficulty, right?

And the process is even sweeter when you walk out with $2 million in a $250k No-Limit Hold’em. After that good win, Ivey would return to Australia two years later and bag another $3.5 million.

Phil Ivey Net Worth | Living a Pro-Life

Poker changed his world for the best. Gambling isn’t easy, and it doesn’t fall on anyone’s forte. With immense practice, disappointments, and countless mind-warping strategies later can call himself a Poker player, and still being a pro seems far-fetched.

You live a good life if you are Phil Ivey. To begin with, every player, regardless of the type of sport, wishes to achieve the highest height there is to traverse.

In like manner, Poker is no different, and being inducted into the Hall of Fame is something that every Poker player dreams of.

The institution took form in 1979, and every year, the existing member and a set of 18-person blue-ribbon panels convene and come up with a ten finalist directory.

Finally, in 2017, rumors spread that Ivey was on the list, making the 40-year-old eligible to be a member.

First-year Hall of Fame induction is extremely rare, but it’s Tiger Woods of Poker, people. Ultimately, the announcement disclosed that Phil and David Ulliott made the final cut. The legendary status on Ivey now reads the label of Immortal!

For illustration, Phil Ivey’s total live tournament winnings exceed $26,250,000. To date, he has garnered millions through online and cash games. 

Glancing at his net worth, a huge part of it amounts to total winnings from cash at the WSOP. 

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Phil Ivey Net Worth | Income & Other Sources

Poker After Dark is another type of Poker game wherein players go against each other for a $120k all-in prize pool. The show features a different set of players every week.

Phil Ivey was part of one of the segments on the show that first aired on the 1st of January of 2007 on NBC.

During Week 4, players like Sam Farha, Tony G, Mike Matusow, Phil Hellmuth, and Andy Boch competed, and then there was Phil.

In the face of such competition, the Americans won it all that year. Ivey’s participation was for five segments of the show’s 7-season long run.

Indeed, his involvement came into fruition, garnering significant limelight from international audiences, some being Canada, Russia, and most parts of Europe.

Commercial appearances also added significant net worth to an empire Phil Ivey managed to build.

For instance, Chrysler came up with the idea to promote their new product with a theme that featured a group of hardworking people who achieved success independently.

Another commercial from the same company marked the first time a poker player garnered widespread attention.

Phil Ivey, career
                                         Phil Ivey for Masterclass

The Californian accepted a deal from Aria Resort and Casino, which included the Casino using Ivey’s name for their one-table high-limit room. The actual description of his income from this deal is not available, but we can assume it is just another jaw-dropping amount.

Apart from these, the Poker King wanted to divulge information regarding how he came to be who he is.

Thus, Ivey partnered with Masterclass, a website that includes thousands of professionals who want to better society by revealing some tips for success.

As of now, Phil established the Ivey League designed to refine poker playing skills for beginners. It comes with three plans: undergraduate, bachelor, and masters.

Full Tilt Poker

Chris Ferguson first introduced full Tilt Poker alongside Ray Bitar in July 2004. Later, Howard Lederer, Phil Ivey, John Juanda, Erick Lindgren, and Jennifer Harman joined Full Tilt Poker.

Together, they all commenced the slogan “play with the pros.” Indeed, this gave fans a reason to sit and play across their favorite player.

Also, it was sponsored by the High Stakes Poker’s sponsorship, which made a great deal in marketing. 

In the end, it became the most popular poker show ever filmed, and they had $300/$600+ games regularly. However, it came to shut down completely, wiping its existence in February 2021. 

Well, it’s reached its end after it stiffed its U.S. customers an estimated $150 million. Hence, PokerStars has since acquired Full Tilt and agreed to pay back money owed to U.S. gamblers.

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Phil Ivey and Andy Beal

Phil Ivey and Andy Beal have been having on and off high-stakes rivalry since 2001. Currently, Phil Ivey took $16.6 million on behalf of “The Corporation” three days of intense play.

Apparently, the Corporation includes top players like Doyle and Todd Brunson, Ted Forrest, Johnny Chan, Jennifer Harman, Chau Giang, and Minh Ly.

The Top 4 hands of Phil Ivey

  1. Ivey vs. Paul Jackson  –  Poker Monte Carlo Millions 2005 (Ivey took the winning prize worth $1,000,000)
  2. Ivey vs. Doug Polk  –  Aussie Millions 2015 (Ivey took $1,710,854 home)
  3. Ivey vs. Tom Dwan – High Stakes Poker (cost Ivey $6,00,000)
  4. . Ivey vs. Patrik Antonius – High Stakes Poker

Phil Ivey Net Worth | Philanthropic Champion

Taking inspiration from his grandfather, Phil wants to give back to society.

So, alongside his mother, the poker star created The Budding Ivey Foundation, which aims to ensure children’s upliftment in underprivileged conditions and sponsors them so that these deprived children can receive a formal education.

The institution provides reading materials and one-on-one classes. Likewise, the institution motivates children to dream more significantly with two full-ride scholarships every year.

Additionally, the award mainly targeted students seeking to pursue careers in STEM. Furthermore, Ivey personally sits as a moderator in the selection process.

Controversy and Divorce Settlements

Poker fans are aware of the Black Friday moment that etches deeply in the history of poker. To begin with, the U.S. government enforced a law banning any activity related to poker on the internet.

As a result, many players got forced to withdraw money, but specific problems awaited them. Full Tilt squandered all the funds and never planned to return them.

Ivey, at that time, dealt with the sponsorship from Full Tilt. Utterly embarrassed by the act, the hall of fame inductee chose not to compete in the 2011 WSOP.

Subsequently, Phil filed a case against the Tiltware company in the hopes of doling out justice to all the affected players. Mostly, the Californians accept the blame due to the sponsorship.

A little reminder that gambling isn’t anyone’s game. A club in Mayfair named Crockfords refused to pay Ivey and one of his partners a staggering $7.7 million.

Due to fraudulence’s involvement, and after five years of battling the case in the court, the judge declared Phil guilty.

Similarly, the tension in Ivey’s life doesn’t end there. Things weren’t smooth for the couple after what seemed like a lifetime of marriage to high school sweetheart, Luciaetta.

Although both claim that the divorce was amicable, the hefty money involved says otherwise. Luciaetta walks away with $180k per month, jewelry, and other accessories that amount to $2.2 million.

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Social Media Presence

Twitter: 441.6k Followers 

Facebook: 292k Followers 

Instagram: 165k Followers 

FAQs

What happened to Phil Ivey?

It is still not confirmed, but there are rumors about Phil Ivey playing games in Macau. He has been photographed there in the past. 

Is Phil Ivey better than Phil Hellmuth?

Judging from the WPT titles alone, Phil Ivey with two titles is better than Phil Hellmuth with zero titles. 

Is Phil Ivey MasterClass worth it?

Phil Ivey’s MasterClass is suitable for both beginners and professionals. Hence, many claim his class to be worth it. 

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