Einhorn Finishes Third In Richest Poker Tourney

Jul 5 2012 | 10:33am ET

Greenlight Capital's David Einhorn made a very respectable showing indeed at the richest poker tournament in history.

Einhorn finished third out of the 48 entrants in the $18 million jackpot tournament, which featured a $1 million buy-in. The hedge fund honcho made it to the last table, beginning there in sixth place on Tuesday. When he busted that evening, he left just two professional players at the table, one of whom, Antonio Esfandiari, won $18.35 million—and busted Einhorn.

As for Einhorn's $4.35 million in winnings, he said he would donate the money to charity.

"It was fun," Einhorn said of the Las Vegas event. Many of the 48 entrants "have lots and lots of experience, and then they invited a few guys like me in, and said, 'Let's have a poker party.' And I honestly think this is almost designed to have a great summer vacation."

Einhorn himself is not without World Series of Poker experience, having place 18th in the tournament in 2006 and having played last year. Tuesday's winning were his largest-ever at a poker table.


In Depth

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Vortic: Reimagining the Custom Wristwatch

Sep 27 2016 | 7:24pm ET

American watch manufacturer Vortic, which started out restoring antique pocket watch...

Guest Contributor

Malik: The Ever-Changing Middle Market and The Entering Class of 2016

Sep 2 2016 | 5:01pm ET

Deal sourcing and origination is only going to get more competitive given current...