Paul Newey

Paul Newey, Co-Founder of New Wave Ventures, originated from Tamworth England and was born in Dorset England. He led Ocean Finance from 1991 to its sale in 2007. As a CEO until 2009, he built the market-leading finance broker through brand strength, innovative marketing, customer-centric approaches, and efficient systems.

Paul Newey: Early Life

In 1991, Newey co-founded Ocean Finance, a loan and mortgage business, in Staffordshire, United Kingdom. He sold the company in 2006 and left his CEO position in 2009. He later co-founded New Wave Ventures, a privately owned investment fund located at Adam House in London.

Newey has made the Birmingham Post rich list in 2013, 2015 and 2017 ranking 28th, 17th and 20th respectively. Furthermore, his net worth was estimated at $335 million at the end of 2017.

Paul Newey: Live Tournament Participation

Paul Newey has a current total live earnings of $5,734,080 at the time of writing. He has actively cashed in a remarkable 87 live tournaments from 2012 to 2023.

His debut appearance took place in June 2012 at the Broadway Casino Recurring Tournaments, specifically in the £25 No Limit Hold’em held in Birmingham. Securing 9th position, he walked away with a total cash prize of $92.

Advancing to June 2014, at the 45th World Series of Poker, Paul achieved his highest cash winnings in a live tournament during the $1,000,000 No Limit Hold’em – The Big One for One Drop Event held in Las Vegas. During the event, he secured 7th position and claimed an impressive total cash prize of $1,418,667 that night.

In his most recent live tournament participation in October 2023 at the European Poker Tour – held in Cyprus, Kyrenia, where he competed in the $5,300 No Limit Hold’em – EPT Main Event, Paul finished in 54th position, walking away with a total cash prize of $18,700.

Paul Newey: Live Cash Game Participation

Paul has actively engaged in eight live cash game sessions, spanning various prestigious platforms including four on Super High Roller, and once for other platforms such as Full Tilt Poker TV, Big Bet Poker, PartyPoker Live, and Hustler Casino Live.

Marking his debut on December 4th, 2014, Paul entered the scene on Full Tilt Poker TV, sharing the table with poker players such as Phil Ivey, Richard Yong, and others. The high-stakes setting at $2000/4000 during Aussie Millions High Stakes Cash Game (2014), unfortunately, it didn’t favor him, resulting in a setback and a total cash loss of $266,000.

Fast forward to February 3rd, 2015, at the Super High Roller, Newey achieved his highest cash winnings in a live cash game with stakes set at $400/800 during Episode 9. Impressively, he clinched a total cash prize of $241,000.

In his most recent participation on June 28th, 2023, at Big Bet Poker, Episode 1, the stakes were set at $200/400. However, Paul faced an unfortunate turn of events, experiencing a setback of $51,400.

Conclusion

Paul Newey’s journey from co-founding Ocean Finance to his current role as Co-Founder of New Wave Ventures showcases a remarkable business career. Transitioning into the poker scene, he has actively participated in numerous tournaments and high-stakes cash games, experiencing both victories and setbacks, yet maintaining an impressive total live earnings of $5,734,080 as of 2023.