Teddy Sagi

Teddy Sagi (טדי שגיא; born November 14, 1971) is an Israeli billionaire businessman based in London and Dubai.

Sagi is the founder of the gambling software company Playtech, cybersecurity company Kape Technologies (owns ExpressVPN) and owner of London's Camden Market.

His personal wealth is estimated at US$5.7 billion, with interests in real estate, gambling software, payments processing, and digital advertising.

Sagi was born in 1971 in Tel Aviv, the only child of Ami Sagi, a businessman who owned a travel agency, and his wife Lizi, a cosmetician who sold make-up.

He grew up in Tel Aviv's Shikun Lamed neighborhood.

Sagi founded Playtech in 1999.

It was floated in 2006 on the London Stock Exchange at a price that valued the business at approximately £550 million.

He has since scaled down his holdings to 4.6%, as opposed to 81% at the time of its IPO.

He has since invested in hi-tech companies and real estate.

Sagi was majority shareholder (with 68% control) of the company, which is a credit card clearing company for the online gambling industry.

Primarily based in Bulgaria, SafeCharge was traded on London's AIM, with a market cap of £385 million.

The company was listed on the Alternative Investment Market (AIM) of the London Stock Exchange.

In 2009 Sagi obtained Cypriot citizenship as part of a 'golden visa' scheme by Cyprus government.

As Cyprus is part of the European Union, Sagi obtained a Passport of the European Union.

Since 2010, Sagi has been living with Yael Nizri, the 2006 Miss Israel, and they have six children together.

Sagi owns the most expensive home in Israel, located in Herzliya.

The home, which he bought in 2010, lies in the wealthy neighborhood of Herzliya Pituah on Galei Techelet Street, Israel's most expensive street.

It is a 2,000 square meter house on a half-acre lot on the shore, and has a fitness room, wine cellar, sealed room, and an elevator to the beach.

Sagi also owns two penthouses in Herzliya, and other homes in Tel Aviv (including an apartment in the Tzameret Towers purchased from former Israeli Prime Minister Ehud Barak), London's Knightsbridge, Cyprus, and as of 2021 Dubai.

On 2 January 2022, Forbes listed his net worth at US$5.7 billion.

In late 2012, Sagi acquired the start-up company Crossrider for $37 million.

The company went public on AIM at a value of $US 250M.

Crossrider started off by making a software development kit (SDK) for the deployment of browser extensions to a variety of platforms with support for monetizing extensions.

The monetization options were used by major ad injectors which used man-in-the-browser to change or add advertisements to what users saw.

Over time, Crossrider's services became increasingly utilized by malware and adware developers and the company was unable to combat misuse.

In 2013, The Guardian reported that Sagi had "been based in Cyprus for some years".

Sagi has a daughter with his former partner, Limor Bahat-Simanovic.

In 2015 Sagi acquired the start-up company Stucco Media for $43 million.

The acquisition was made by Market Tech, and the company is now owned by him.

Stucco Media develops eCommerce website technology.

In June 2016, following the appointment of new management team, the company changed its strategy to focus to cyber-security with a focus on digital privacy and protection of digital data.

In practical terms, the company stopped its browser SDK business to focus on the VPN sector, purchasing CyberGhost VPN in 2017.

In March 2018, the name of the company was changed to Kape Technologies plc.

Kape then purchased VPN carriers Zenmate in 2018 and Private Internet Access in 2019.

On September 13, 2021, Kape acquired ExpressVPN, raising concerns based on Kape Technologies' predecessor Crossrider's history of making tools that were used for adware.

It also acquired the VPN review publisher Webselenese in 2021.

In 2019, Nuvei Corporation announced its acquisition of SafeCharge, and agreed to pay $889 million in cash for it.

In August 2019, Nuvei completed the acquisition.

Kape Technologies is a United Kingdom-based cybersecurity software company.

Kape owns VPN services and cybersecurity tools, including CyberGhost, Private Internet Access (PIA), ZenMate, ExpressVPN, and Intego.