One question you have to ask is how in the world anyone knows what his net worth is. I saw your post and did a little search. I found out that Doyle has a net worth of $75 million. But I also found out it is $80 million; and I also found out it is $2.5 million. My suspicion is that none of those numbers are correct.
Regardless of what the actual number is, I'd guess that most of it did NOT come directly from playing poker. He probably made a lot from endorsements and book sales, and I would expect that any investments he made 50 years ago are probably worth quite a bit today.
It's been suggested that some high stakes players may have benefited from investments made based on things they learned from rich opponents. So, insider trading?
It's been suggested that some high stakes players may have benefited from investments made based on things they learned from rich opponents. So, insider trading?
I suspect most of the money these players make is in the form of 'gifts' ... being invited to Hollywood actor's homes is the goal of any smart professional poker player looking to win lots of money at cards.
smart gamblers get very rich as they understand getting the best of things. they make money playing poker, betting sports, golf, real estate investments, stocks, etc.
Rolling over all of his tournament wins into investments. Not being a noob. Proper BR management. Not being a noob. Not putting all his eggs in one basket. Not being a noob. Putting out a book that everyone and their mother wanted to buy cause hes an icon in poker people trust. Not being a noob.
Jonathan Little said in one of his books that whenever he gets a big tournaments cash (whatever 'big" means to him) he invests some of it in real estate. He has a property manager who takes care of his real estate investments.
On a smaller scale:
My wife started working for a hospital system when she was 16. She washed pots and pans. She signed up for the company's retirement package. She went to high school and college while she was working in the kitchen and she started moving up in the company.
She has worked for the same company, sort of (lots of mergers and other changes) for the last 48 years. Her retirement fund has been growing for the entire time and our home is paid for--no mortgage.
We plan to do some traveling when she retires in 2020, but all of the plane rides are free. As a retired soldier and spouse, we can fly free anywhere in the country that a military flight is going if space on the plane is available.
If you mange your money and situation the way my wife and I have, except that you make millions like Little and Brunson have, it's not hard to be sitting on huge piles of money.
