Ed Craven net Worth: The Cryptocurrency Casino King Who Bought the Most Expensive House in Victoria
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Ed Craven is a young Australian entrepreneur who co-founded Stake.com, a popular online casino that accepts cryptocurrency bets. He is also the owner of Kick, a live streaming platform that competes with Twitch.
Craven has amassed a fortune from his online ventures, and recently made headlines for buying the most expensive house in Victoria, a $80 million mansion in Toorak.
Early Life and Career
Craven was born in 1995 in Sydney. His father is James Ashley Craven, who was jailed and bankrupted in the late 1980s for his involvement in the collapse of the Spedley group, a financial conglomerate. Craven’s parents divorced when he was young, and he attended boarding school.
Craven developed an interest in online gaming and gambling at an early age. In 2013, he launched Primedice, a cryptocurrency-based dice game that became one of the first and most successful Bitcoin casinos. He later partnered with Bijan Tehrani, a US-born entrepreneur, to create Easygo, a company that specialized in online casino games.
Stake.com and Kick
In 2017, Craven and Tehrani founded Stake.com, an online casino that offers a variety of games, such as slots, blackjack, roulette, and sports betting.
Stake.com operates under a license from Curacao, and does not accept customers from Australia, the US, and other countries where online gambling is restricted. Stake.com claims to have processed over $40 billion worth of bets since its inception, and has over 30 million registered users.
Stake.com also leverages the power of cryptocurrency, as it accepts bets in Bitcoin, Ethereum, Litecoin, and other digital coins. Stake.com also has its own token, called Stake, which can be used to access exclusive features and rewards on the platform.
Stake.com has partnered with several celebrities and influencers, such as Drake, Snoop Dogg, and Steve Aoki, to promote its brand and attract more customers.
In 2022, Craven launched Kick, a live streaming platform that aims to challenge the dominance of Twitch, the leading service in the industry. Kick offers a more favorable revenue split to content creators, as it takes only 5% of the earnings, compared to Twitch’s 50%.
Kick also integrates with Stake.com, allowing streamers and viewers to interact and gamble on the platform. Craven himself is an avid gamer and streamer, who often plays and chats with his fans on Kick.
Personal Life and Wealth
Craven is one of the youngest and richest self-made billionaires in Australia. According to various sources, his net worth is estimated to be around $1.1 billion as of 2022. The majority of his wealth comes from his stake in Stake.com, which is valued at over $3 billion.
Craven is also known for his lavish lifestyle and spending habits. He owns several multimillion-dollar properties in Melbourne, including a $38.5 million house in Orrong Road, and a $80 million mansion in St Georges Road, which he reportedly plans to demolish and rebuild.
The latter is one of the most valuable properties ever sold in Australia, and has a lucky number of 88 in its price.
Craven is also a fan of sports and racing, and has sponsored several teams and events. Stake.com is the main shirt sponsor of Everton FC and Watford FC, two English Premier League clubs, and also backs the Alfa Romeo Formula One team.
Conclusion
Ed Craven is a remarkable example of a young entrepreneur who has achieved success and fame in the online gaming and gambling industry. He is the co-founder of Stake.com, a cryptocurrency casino that has millions of users and billions of dollars in bets.
He is also the owner of Kick, a live streaming platform that competes with Twitch. Craven has a net worth of $1.1 billion, and owns the most expensive house in Victoria. He is one of the most influential and innovative figures in the tech and entertainment sectors.
