Ray Bitar Net Worth $40 Million
American businessman, CEO of Tiltware and among the initial creators of the internet 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 well-known American poker players. Ray was formally a equities dealer in Los Angeles, where Chris Ferguson was one of his customers. They became friends and Ferguson introduced him to Howard Lederer and various other partners to establish 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 internet poker site, managed from 2004 until 2011 when it had been shut down by the U.S. Justice Department, which accused the business of bank fraud, money laundering, and illegal gambling. The business has denied the accusations. Bita was charged with betting, bank fraud, and money laundering offenses by the FBI, faces up to 145 years in prison if convicted of all the charges.