Mark Scheinberg

Early Life

Mark Scheinberg was born in Israel in 1973. At age 13, he moved with his family to Toronto, Canada. He attended York University in Toronto. This move and his subsequent education would prove to be pivotal in his career.

Rise to Success

In 2001, alongside his father, Isai Scheinberg, he co-founded PokerStars. The platform quickly became the world's largest online poker business. In 2014, he sold PokerStars to Amaya Gaming for $4.9 billion, which significantly boosted his wealth. Post-sale, Scheinberg invested in luxury hospitality through his firm, Mohari Hospitality, including a stake in the Ritz-Carlton Yacht Collection, a historic Madrid hotel, and a luxury resort in Costa Rica. In 2023, Mohari acquired Tao Group Hospitality, which operates numerous restaurants and clubs.

Key Business Strategies

Scheinberg's success can be attributed to a few key strategies. First, he recognized the potential of online poker early on. Second, he built a user-friendly, secure, and reliable platform that attracted a large user base. Third, he made strategic investments in luxury hospitality, diversifying his wealth and expanding his business interests.

Philanthropy

In 2020, Scheinberg and his family founded The Scheinberg Relief Fund, committing $50 million to support communities where the family has a business or personal presence. The fund focuses on crisis response, mental health, conservation, and animal welfare, and is involved in initiatives in the Americas and Southern Africa.