How Much Money Does Tom Dwan Have

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21:02
20 Nov

Tom 'durrrr' Dwan is one of the most exciting poker players to ever play the game. Whether it's online or live, Dwan crushed the highest stakes cash games in the world against extraordinary competition such as Phil Ivey, Patrik Antonius and more. What's more – he did it in style. Before durrrr you rarely saw huge river overbets, crazy triple barrel bluffs or wafer-thin value bets that are. Erik Seidel – $40 Million. Without question, Erick Seidel is the most admired and revered poker.

(Photo: Celebritynetworths.org)

When it comes to the mysterious and highly-intriguing Tom ‘durrrr' Dwan, his ‘disappearance' from the mainstream poker world means that rumors and gossip are pretty much all we have to go on – so today we are going to play a guessing game: who actually stakes ‘durrrr' in the private high-stakes games in the Far East!?

There are a few candidates for Dwan's bankroll/backer Mr Big role, but let's get the potential horror stories out of the way first:

'I've read many stories about Tom being kidnapped or is part of the Triad…that's totally not true.'

So stated Winfred Yu last week, the president and CEO of Manila and Macau's Poker King Club, quelling for the time being the gossip-mongers who had ‘durrrr' locked in a cellar-dungeon for owing millions to the Chinese mob - only being brought out for big games to repay his debts!

Yu also claims that Dwan is not being staked, but 'has access to the big games because he is a very likable guy and he gives a lot of action. VIPs love his action.' Well this smells like so much horse-shit!

You can't fund your own games at the rumored stakes, which can be as high as $6,000/$12,000 with $500,000 and $1,000,000 stacks! Certainly not if you're ‘giving action' as claimed. But one poker player could afford this, so let's start with suspect number 1 in the Dwan stakers list…


1. Phil Ivey

Worth around $100million (give or take a few million with his recent Punto Banco problems!) there's no doubting the fact that Ivey is in a position to stake players in even the biggest cash games – and they don't come bigger than Macau's big game.

Rumor (again, but these are big numbers and secrecy is unfortunately part-and-parcel of such things) is that Ivey already stakes Englishman Sam Trickett in the biggest tournaments and cash games in the West, and he also isn't averse to cross-booking action with fellow high-rollers like Negreanu and Antonius.

And if anyone knows ‘durrrr's' ability to win in the Eastern version of these games, it's Ivey – the two having locked horns on many occasions on the felt – so it's not as far-fetched as you might think.

Ivey, of course, is also allowed to play in all the nosebleed games out East due to his fame and fortune, and was with Dwan at the grand opening of the Poker King Club in Macau last spring…so it all fits…but there are a few more likely options for who is Dwan's sugar-daddy!

2. Paul Phua

In the summer of 2014, Paul Phua was arrested in Las Vegas. As ESPN news described it at the time:

'The FBI, with guns drawn, raided Phua's villa at Caesars Palace on July 9 of last year, during the 2014 WSOP. The Department of Justice alleged that Phua and seven others ran an illegal sports betting enterprise, a 'wire room', in the parlance, handling nearly $400 million in illegal wagers on last year's World Cup.'

What does any of this have to do with the quiet little man of poker Tom Dwan?

Well, according to several reports, it emerged that ‘the world's biggest bookmaker' Phua had his $2.5 million bail bail paid by Dwan, alongside fellow high-roller poker pros Phil Ivey and Andrew Robl. Dwan allegedly also helped one of Phua's friends with a place to stay during the trial.

Malaysian billionaire Phua has long been linked to the Chinese triads which enforce the unpaid debts which the high-stakes gambling world inevitably accrues, and although he has denied this and in fact saw the FBI case dismissed, he is a man who is easily-capable of making Dwan's life heaven-or-hell.

Phua plays in all the big poker games himself and often arranges the biggest private games in whichever town he happens to have landed in his 'ultra-long-range business jet, its tail designation -- N888XS -- a nod to the Chinese belief in lucky number eight and the overindulgence that often accompanies a gambling windfall,' according to ESPN. The $48 million Gulfstream jet was actually impounded as part of his bail agreement.

So, a close friend who is a billionaire poker fanatic who has taken on Dwan (and Ivey) across the table many, many times? He has to be on the list of backers, and pretty high up at that, but… he is not the lead suspect!

3. Richard Yong

Seng Chen 'Richard' Yong was a rising regular in the Kuala Lumpur gambling world when he partnered with Phua, and joined the billionaire-club thanks to the success of his many and varied business interests. He was arrested alongside Phua in Vegas, and similarly saw his charges dropped. But why would he back Dwan?

Yong is another poker fanatic, the buzz from the sitting down with the world's best players while gambling millions of dollars a ‘recreational' version of his high-powered business machinations.

He is also the name most-mentioned when other pros are asked who ‘durrrr' relies on for funding his Macau nosebleed lifestyle, but then again, Winfred Yu stated ‘Dwan has no backers'. Strange? Of course not!

The Macau games are notoriously secretive and the glimpses inside them from loose lips and rumor only add to the mysterious nature of them. You won't find anyone naming names or discussing wins and losses beyond the most vague or unguarded comment.

These people – the Chinese businessmen and their Macau mentors and fixers - play big, but they can't boast about it in any detail, because… well, authorities and tax and government regulation and law!

Yong, like Phua, has the wherewithal and position to back Dwan, but there's an outsider who could conceivably be in on Dwan's action…

4. Daniel ‘Jungleman' Cates

A ‘wildcard' indeed, but there are some indicators that the men have been dealing with each other ‘backstage', and it may revolve around the infamous ‘Durrrr' Challenge.

As my fellow PokerTube writer Florian Gheorghe wrote a while back:

'We all know Dwan was the spoiled whizzkid of the poker community at the beginning of the decade. He was crushing the nosebleeds and his confidence was off the charts. He believed in his abilities so strongly that he offered 3:1 odds to anyone who could beat him heads-up over a 50,000 hand span.'

Patrick Antonius accepted and was unceremoniously trounced to the tune of several million dollars, eventually buying out of the match-up for a reported $1.8million. Enter Daniel Cates, high-stakes specialist and ‘Jungleman' to all those who knew him or of him.

'The stage was set,' wrote Florian. 'if Cates lost, he would have to give Dwan $500,000. If he won, Dwan would have to pay him $1.5 million.'

Cates was clearly ahead with an impressive profit of $1.3 million when the challenge came to a sudden halt in the spring of 2011 when Black Friday hit, and despite many attempts by Cates to re-open the match in the intervening years, Dwan has consistently refused to do so.

Which begs the question, why were the two laughing and joking together a week or two back at the Manila Triton High-Roller? They've obviously come to some sort of arrangement, but could it really be that Cates has some of Dwan's action until his 'debt' is repaid?

It wouldn't be so surprising, since Cates is also a regular in the biggest Macau and far-East games. Has Yong cleared the debt for Dwan and added it to his ‘bill'? Has Phua stepped in and arranged a deal between the two. Is Yu part of the brokerage team? So many questions and so few definite answers.

Well, there is one more alternative to all of the above possibilities…

5. Tom ‘durrrr' Dwan is his own backer!

And why not? He won millions online and live, and despite the well-documented losses and problems and disappearance, it's perfectly possible that Dwan has since won everything back again and can do what Ivey does – playing with his own money for the most part, cross-booking with fellow nosebleed pros for the rest.

Although his net worth is as much a mystery as anything else over these past few years, Florian made an attempt to narrow it down earlier this summer, estimating his worth at between $10 and 15million.

Now, if Dwan can lose $20million in a single hand as Cates once claimed, he can certainly win much more given the chance, but there are two arguments against Dwan being his own man.

How Much Is Tom Dwan Worth

Firstly, even with $50million behind you, $1-5million games are too rich – variance could wipe this out very quickly indeed. And secondly, if Dwan had his own money he would surely look so much happier on the relatively few occasions he has been spotted!

Nice if true, but highly unlikely.


So, who is your money on readers? Ivey the king of poker? Cates the challenger? Phua the inscrutable? Maybe Yong the Merciless? Or…Dwan the man? Answers below in the comments section please!

Table Of Contents

Wednesday's latest 'High Stakes Poker' episode on PokerGO was a doozy, featuring what will undoubtedly go down as one of the biggest pots of the entire season. And it was one of the show's most familiar faces running well once again in the huge spot.

Here's a recap of the $400/$800/$800 action — sometimes with a $1,600 straddle — that took place at the PokerGO Studio.

Baby

Early Cooler Irritates Bellande

The show opened with a bit of a cooler right off the bat as Tom Dwan opened with and was called by Jean-Robert Bellande, who had in the big blind, and Bryn Kenney, with in the straddle.

Dwan continued for $9,000, just over half the pot, on the flop that gave him the nuts. Bellande made it $31,000, Dwan raised it back, and JRB jammed for $167K. Dwan obviously called.

'That's a cold flop,' Brandon Steven observed.

'Yeah, ya think so?' Bellande retorted.

Dwan won both runouts to drag $352K and couldn't contain his smile as Bellande groused about his poor luck.

'What a surprise that the number one cooler of the day, I'm on the shit end of it,' he said.

Bellande Feeling Better

The other side of variance showed up for Bellande in the next big pot. Dwan limped under the gun with , Bellande made it $7,000 to go in the cutoff with , and Rick Salomon called with in the small blind. Brandon Steven woke up with in the big blind and raised to $24,000. Dwan ducked out of the way but the other two called.

Steven bet $37,000 when he hit top pair on the flop and Bellande played it slow with a call. Bellande had $138K left to play on the turn. With $147,600 in the middle, Steven bet $77,000 and called the rest.

'Still complaining now, John?' Steven asked.

'I do feel a lot better,' he allowed.

Kenney Turns Top Pair into a Bluff

Kenney opened to $2,500 under the gun with . Steven three-bet a couple of seats over with to $8,500 and Kenney called.

How Much Money Does Tom Dwan Have A Baby

Steven found his three-outer and more on the flop. Kenney double-checked his cards then fired in a check-raise to $35,000. Steven peeled, bringing the . Kenney continued for $69,000 and Steven called again. On the river, Kenney put in a third barrel of $147,000 into the $227,000 pot.

How Much Money Does Tom Dwan Have Paid

Steven sighed and stretched back in his seat, muttering that Kenney had the in his hand. He said he didn't think he was going to call and he did toss in his cards.

Kenney asked if he had worse than an overpair and Steven said better than an overpair.

'I had you?' he asked.

Kenney smiled and nodded.

The $985K Pot

With the straddle back on, Salomon opened to $4,000 second to act with . Steven called with and Dwan came along with on the button. Lynne Ji called as well with in the big blind and Bellande woke up with in the straddle. He made it $11,000, the next two players called, and Dwan put in $54,000.

Ji went all in for $163,000, JRB instantly followed suit for $399,000, and Salomon and Stevens finally mucked.

Dwan covered both players and thought awhile before chucking in a stack of chips.

The players agreed to run it three times for both the main and side pots. Dwan had already dodged a few cards because of Steven and Kenney throwing aces away, along with the king that Petrangelo had mucked. Here's how the boards rolled off:

  • First board:
  • Second board:
  • Third board:

Everything worked out perfectly right Dwan, right down to the last five being dead to take away an out on the final run.

Busted, Ji and Bellande headed for the doors and left two seats open. Jason Koon filled one immediately.

Massive Pot Between Kenney and Dwan

How Rich Is Tom Dwan

Kenney opened early to $2,500 with and got action from Steven and his in the cutoff before Dwan made it $12,000 with on the button.

They went three ways for that price to . Dwan continued for $22,000 and Kenney called, bringing a . Kenney checked again, this time calling a barrel worth $55,000. On the , Kenney checked again. Dwan bet $95,000.

This time, Kenney cut out a raise to $285,000. Dwan rubbed his face as he thought for awhile before he finally mustered up a fold. Kenney smiled and showed the as Dwan muttered about his 'stupid f****** river bet.'

'Three of diamonds,' Dwan accurately guessed.

Remember, High Stakes Poker will air every Wednesday but is only available to PokerGO subscribers. If you're not currently subscribed, you can get a monthly subscription for $14.99, a three-month plan for $29.99, and an annual subscription for $99.99.

*Images courtesy of PokerGO.

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