Photonews: Cyber Investments of Warren Buffett and other...

For Traders

Forex Analytics

Photonews

07:13 2016-11-09

Cyber Investments of Warren Buffett and other businessmen

Open trading account Open demo account

Deposit money

Money withdrawal

589

710

522

385

451

575

332

504

Despite the old age (86 years), Warren Buffett, one of the most famous investors in the world, sponsors one of the syber sport team, as well as tournaments through his insurance company Geico. The competent investors have long realized that cyber sport is one of the main ways to attract the young audience.

Another regular participant of the Forbes list is the founder of the Amazon company Jeff Bezos, who has found the way to invest in cyber sport. The billionaire bought the streaming video service Twitch (the main topic of the streams on this site are cyber sport tournaments) almost for one billion dollars ($970 million). Apart from Amazon, Google intended to buy Twitch.

In 2016, one of the wealthiest Chinese citizens - the businessman Jack Ma - held a series of cyber tournaments World Electronic Sport Games based on his company Alibaba. The total investment in this project was $150 million. One of the future plans of the company is to build several special arenas for the gamers tournaments in the territory of PRC.

Last year, the Russian billionaire Alisher Usmanov said that he will invest $100 million in the development of group of companies Virtus.pro, one of the largest group of companies in Russia in the field of cyber sport.

The co-founder of the online bookie Bet365 Denise Coates also has made her contribution in the development of cyber sport - the management of the company (Coates and her brother) decided to take bets on the gamers tournaments.

The billionaire Mark Cuban invested in the Unikrn service, whose main activity is taking bets on the cyber sport matches.

The investor Yuri Milner also supports the cyber sportsmen: in 2015, he, together with other investors, invested $26 million in Super Evil Megacorp, the developer of the multiplayer game Vainglory.

The owner of the great fortune ($3.7 billion) - the South Korean businessman Kwon Hyuk Bin - is the founder of the company Smilegate. This company developed the tactical online shooter Cross Fire, that, in 2012, became the main discipline of the World Cyber Games tournament.

Back to list Copy address to clipboard photo

Recommended photo news

Power places: geography of mysticism and ancient beliefs There are spots on the globe known as power places. For centuries, they have attracted people, evoking respect and reverence. According to the beliefs of various cultures, the earth's energy flows, ancient rituals, or natural structures create a unique atmosphere in these locations. These sites are distinguished not only by their mystical reputation but also by their unique natural and architectural features. Some have become centers of pilgrimage, others are subjects of scientific research, and others are viewed as symbols of cultural memory.

15:33 2025-11-29 UTC+00

271

Top ten Christmas markets in Europe In just a couple of weeks, the squares of European cities will be filled with colorful lights, the aroma of mulled wine, and the sound of Christmas bells. Christmas markets will open everywhere, transforming familiar streets into a true winter wonderland. If you dream of immersing yourself in the magical atmosphere, now is the time to choose where to go for your festive spirit. In this overview, we present ten of the most impressive markets in Europe.

09:29 2025-11-28 UTC+00

282

Real beneficiaries of AI hype: billionaires riding data center wave Artificial intelligence is now consuming more electricity than many countries in Europe, and its demand is only expected to grow. Behind this technological magic are ordinary people building the "nervous nodes" of the future: some are cleaning data, others are supplying power, and some are simply selling outlets. Their companies are worth billions, and they themselves have become billionaires in just a few short years. Here are six key players in the AI data center boom

10:41 2025-11-27 UTC+00

551