Greg Jensen Donates $286k Poker Winnings To Newtown Victims
January 15, 2013 2:14 pmBridgewater Associates CEO Greg Jensen manages one of the biggest hedge funds in the world with assets of $130 billion. The 37 year old was also out in The Bahamas recently enjoying the sun and a bit of recreational poker at the PokerStars Caribbean Adventure.
When asked to describe his poker background, Jensen replied: “I’m just an amateur player and played a little bit when I was younger. I just play for fun.”
However, fun to one of the world’s richest men includes entering a $100,000 PCA Super High Roller event with a field consisting of some of the world’s best players. These included the likes of Phil Ivey, Erik Seidel, Daniel Negreanu, Phil Hellmuth, Antonio Esfandiari, Jason Mercier and Vanessa Selbst to name just a few.
Nevertheless, there are certain transferable skills between playing poker and many other business activities and as Greg Jensen explained prior to entering the $100k event: “There’s a bit of similarity. I work a lot with probabilities and such. Being able to stay calm helps.”
Greg Jensen also acknowledged he’d have to “get lucky to win,” and although he didn’t finish victorious in the 47 player event, he did still reach the final table, eventually finishing 6th to add $286,200 to his poker tally. Apparently one of his friends bought him the $100k tournament buy-in as a birthday present. Jensen not only managed to grow that fund too but he then promptly donated the whole of his winnings to the victims of the Newtown school shootings. An impressive performance all round, then, by the finance wizard.