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Ray Bitar Net Worth

Ray Bitar Net Worth

Net Worth: $40 Million

  • Source of Wealth Gambling, Other Businesses
  • Height N/A
  • Marital Status N/A
  • Full Name Raymond Bitar
  • Nationality American
  • Ethnicity N/A
  • Weight N/A
  • Occupation Co-founder and CEO of Tiltware, Entrepreneur
  • Education N/A
  • Children N/A
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About Ray Bitar

American businessman, CEO of Tiltware and one of the original founders of the online poker gambling site, Full Tilt Poker, Raymond Bitar has an estimated net worth of $40 million. He founded Full Tilt Poker with Chris Ferguson and Howard Lederer, who are both famous American poker players. Ray was formally a equities trader in Los Angeles, where Chris Ferguson was one of his clients. They became friends and Ferguson introduced him to Howard Lederer and several other partners to launch their Full Tilt Poker project. Since the passage of the Unlawful Internet Gambling Enforcement Act of 2006, Tiltware renamed itself to “Pocket Kings” and relocated to Ireland. Full Tilt Poker, the second most-popular online poker site, operated from 2004 until 2011 when it was shut down by the U.S. Justice Department, which accused the company of bank fraud, money laundering, and illegal gambling. The company has denied the accusations. Bita was charged with gambling, bank fraud, and money laundering offenses by the FBI, faces up to 145 years in prison if convicted of all the charges.