Billionaire high-stakes poker fan Andrew Beal "lost up to $50 million" in recent months in a series of games where players put up a $1 million buy-in, the New York Post tells us.
The Texas-based mogul, who made his fortune in banking and real estate, suffered a series of huge losses in at least three games, according to the source, who also said the games involved "Spider-Man" star Tobey Maguire and billionaire private equity investor Alec Gores.
While Beal, the richest man in Dallas worth $6.6 billion, strongly denies losing so much cash, he's famed for his love of high-stakes poker and is said to have once won more in a single day than any other known player --
$11.7 million at the Bellagio in Vegas, in 2004. In 2006, he famously lost $16.6 million in days.
A source told Page Six Beal participated in three games this year -- one around the Super Bowl, one four months ago and another a few weeks ago. "All the players had a $1 million buy-in," the source said. "Each time Beal lost big time, with a total loss of around $50 million."
Don't believe us. Check it out at http://www.nypost.com/p/pagesix/mogul_texas_size_poker_loss_4RDs0aQiVCj3KoISZKcUCL#ixzz1RUuzXlMZ
No comments:
Post a Comment