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

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07:13 2016-11-09

Cyber Investments of Warren Buffett and other businessmen

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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.

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