The fourth richest professional poker player in the world, Erik Seidel belongs to Las Vegas, Nevada and was born on November 6, 1959, in New York City. Right from his childhood, Erik was interested in gambling and used to play professional backgammon initially. He also tried his hands at low-limit poker games. Eventually, he started his career in day trading equities and finally decided to pursue a full-time career in professional poker, and today, Erik Seidel Net Worth stands at a mammoth $41 Million.
Seidel was one of the members of the famous group of Mayfair Club in New York that consists of Mickey Appleman, Jason Lester, Stu Ungar, Paul Magriel, Jay Heimowitz, Dan Harrington and Steve Zolotow. One of the most popular professional poker players of the time, Erik Seidel has participated in many poker tournaments like LA Poker Classic, National Heads-Up Poker Championship and PokerStars Carribean Adventure High Roller Event.
The legendary poker player has accumulated a net worth of about $41 Million of which he has earned more than $30 million from poker tournaments. Seidel is in the first position on the American all-time poker earnings list.
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Erik Seidel Net Worth-UPDATED 2018
Seidel’s first major tournament was the World Series of Poker Main Event in 1988 where he was a runner-up to Johnny Chan. He made to the final table of the Main Event again in 1999 where he finished fourth.
It was in 1992 that Seidel won his first WSOP bracelet and the most recent and eighth bracelet in 2007. He has won bracelets in several game types including Omaha, Hold’em and Deuce to Seven Draw. There are just five players in the poker history to have won more bracelets than Seidel.
Seidel won the WPT Foxwoods Poker Classic during the World Poker Tour season six, taking home a prize of $992,890. He finished as the runner-up at the 2011 WPT Hollywood Open winning $155,103.
In 2015, Erik Seidel won the European Poker Tour Grand Finale Super High Roller for a huge prize of €2,015,000.
Seidel has won eight WSOP bracelets in his poker career. Here are the details of his winnings.
- 1992 Hold’em – $168,000
- 1993 Omaha eight or better – $94,000
- 1994 Hold’em – $210,000
- 1998 Deuce to Seven Draw – $132,700
- 2001 Hold’em – $411,300
- 2003 Omaha – $146,100
- 2005 Hold’em – $611,795
- 2007 World Championship Deuce to Seven Draw – $538,835
Seidel was inducted into the Poker Hall of Fame in 2010.
Major Achievements & Tournaments
The total live tournament earnings of Erik Seidel exceed $31,000,000 as of 2016. Of these, his WSOP winnings sum up to $5,087,102. He has won more than $5,000,000 in poker in the years 2011, 2015 and 2016. According to a report of 2017, no other player has won more than $5 million more than once though many have made this amount in a year. In 2016, Seidel was ranked 28th on the Global Poker Index. His 92 cashes at WSOP rank him second on all-time listings.
In 2007, Erik Seidel ranked second at the Aussie Millions event taking home $550,000 AUD.
In 2008, he finished second in the Aussie Millions main event winning AUD 1,000,000.
In 2010, at the National Heads-Up Poker Championship, Seidel reached the final table and won $250,000.
In January 2011, he came fourth in the PokerStars Carribean Adventure High Roller Event and took home $295,960 and later finished third in a buy-in Aussie Millions tournament to win $618,139. Five days later, he earned $2,472,555 on winning the Super High Roller Event at Aussie Millions.
In February 2011, Seidel won prize money of $144,570 at the High Roller Event at LA Poker Classic.
In March 2011, he finished first at the National Heads-up Poker Championship collecting prize money of $750,000. This prize made him the highest all-time tournament money winner.
In May 2011, he won the Super High Roller Event at WPT earning $1,092,780.
Again in August 2011, Seidel finished second in the Hold’em tournament at Epic Poker League bringing him $604,330, thereby adding to his total 2011 earnings of $6.2 Million.
Lifestyle & Other Activities
As can be seen from the figures above, Erik Seidel is a poker-made millionaire and most of his net worth comes from his poker career. Erik Seidel Net Worth currently stands at $41 Million. His personal finances are kept quite secret and so it is possible that the number could be much higher.
Erik Seidel is married and has two daughters and leads a quiet life. He likes playing tennis, enjoying music and watching independent films in his free time. He is a music fanatic and has a personal website where you can find a music tab with recommendations of albums which Erik himself listens to.
Seidel is an amazing thinker who does not believe in sharing his insights. He is great at playing with various types of opponents and at mixing speeds.
The final hand of the 1988 WSOP main event where Seidel lost to Johnny Chan was featured in the 1998 movie Rounders.