Einhorn Still Alive At Biggest Poker Tourney

Jul 3 2012 | 10:16am ET

Greenlight Capital's David Einhorn is still very much alive in the richest poker tournament in history.

Einhorn, who finished in 18th place in the World Series of Poker in 2006, is one of 48 people to pony up $1 million to enter the WSOP's "Big One for One Drop" charity poker tournament. The winner will get more than $18 million—Einhorn has pledged to donate his winnings to charity—while Montréal-based clean drinking water charity One Drop will get $5.5 million.

Einhorn has made it to the last table on Day 3 of the event, currently sitting in sixth place out of eight remaining places. He's going to have to make quite a run to win it: Einhorn's 8.4 million chips pale in comparison to the leaders, Antonio Esfandiari and Sam Trickett, who have 39.9 million and 37 million chips, respectively.

Einhorn wasn't the only hedgie at the tables: SHK Management founder Daniel Shak—most recently in the new for suing his ex-wife over her $1 million shoe collection—also participated, although not as successfully. Shak made it to the second day of the tournament and to the final four tables before busting.


In Depth

Q&A: TCA Fund Management's Bob Press on Small-Cap Private Equity

Aug 25 2016 | 8:55pm ET

The emergence of private credit as a replacement for traditional bank financing...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...