Scotty Nguyen Net Worth: Gambling is a risky pastime. No matter how good you are, you will have both wins and defeats.
Few people understand this better than Scotty Nguyen. Nguyen, the unofficial “Prince of Poker,” has had a long and distinguished professional gambling career in which he has reached dizzying heights and plummeted to inconceivable lows.
Fortunately, he hasn’t let the bad times depress him; he keeps playing and always ends up on the green.
As a result of his tenacity (and some fantastic card-playing talents), Scotty has become one of the most successful and well-known poker players in the game today. Let’s take a look at Scotty Nguyen net worth and how he got there.
Early Life of Scotty Nguyen
Scotty Nguyen is a well-known Vietnamese American poker player who has won numerous poker tournaments. Scotty, the eldest of 13 children, was born on October 28, 1962, in NhaTrang during the Vietnam War.
He had made the decision at a young age that he would not stay in the war-torn country for long. It’s no wonder, then, that he leaped at the opportunity when his mother urged him to go to Taiwan.
He departed for Taiwan when he was 11 years old, and from then until he was 13, he worked mostly in physical labor to save enough money to travel to America.
He enrolled in school, but he didn’t remain for long because he was expelled for failing to perform well in class. Making money from clandestine poker games was more important to Nguyen than spending hours staring at books, so he didn’t give his expulsion from school much thought.
When he was fourteen, he reached out to a household in America that took him in as a foster. His foster family was referred to as a sponsor family” because the idea was for them to care for him until he could care for himself before releasing him. His foster family lived in Chicago, Illinois.
However, as soon as Scotty arrived in Chicago, he realized that the city would be too cold for him to live in. It wasn’t long before he started seeking another sponsor family in a warmer section of the nation. He was finally placed with a foster family in Orange County, California, and moved in with them.
He was enrolled in school when he arrived in his foster home, but after a few days, he plotted his own school; a path that has brought him to where he is today.
Nguyen began learning how to play poker while in school, and he became obsessed with the game to the point where he lost interest in everything intellectual. Instead of staying in class and studying, Scotty could be seen in an empty room or in the back of his classroom with his classmates playing poker games.
He received continuous reprimands and suspensions from school, and when the principal learned that he was unwilling to change, he expelled him.
Since he first began playing poker, Nguyen had his sights set on Las Vegas. Since he had been kicked out of school and his sponsor family had released him to go anywhere he pleased, he packed his belongings and traveled to Las Vegas, where he found work waiting tables at Harrah’s Casino.
When he arrived in Las Vegas, he discovered that his wonderful dream of the city was not coming true, but he consoled himself with the fact that he was in the city where he most desired to be.
At the time, he was known as “Scotty” since his supervisor couldn’t pronounce his first name and gave him a new one. While working at Harrah’s Casino, Scotty was given the opportunity to begin dealing poker.
Apart from dealing in poker, he was also extensively involved in playing the game, and he frequently spent away all of his earnings. Nguyen describes himself as a “fish” during this period of his life. Despite the fact that he was losing money in games, he continued to play.
He enrolled at a dealer school and graduated at the age of twenty-one. After graduating from dealer school, he was hired at Harrah’s poker room, where he made $150 USD per night and lost nearly all of it gambling at $3-$6 stud.
Professional Poker Career
Over the next few years, Scotty steadily improved his talents as well as his poker contacts. His first big break came in 1985 when he was recruited to help at a no-limit hold ’em event at Lake Tahoe. He worked hard throughout the day and gambled heavily at night, finishing the event with $7,000 in the black.
He spent the early 1990s participating in a variety of low-stakes tournaments and steadily improving his skills in a variety of poker games. Whereas many professional poker players focus on a single game, Scotty excelled at a variety of Hold ’em, Omaha, and Seven Card Stud games, to mention a few.
By 1995, he felt he was ready to compete in a high-stakes event. He finished 13th in that year’s World Series of Poker (WSOP) event. When he returned to Las Vegas, his winning run continued, and he quickly had a $1 million net worth.
He became actively involved in drugs and alcohol during this time, which caused him to lose everything. He had to return to card dealing multiple times over the years to make up for his gambling losses, but he never gave up hope.
After going bankrupt multiple times, he won the first of his five WSOP championships in 1998, but he didn’t do it alone. Scotty was too impoverished at the time to afford the buy-in, so he had to rely on the financial assistance of fellow poker enthusiast Mike Matusow. Matusow offered to bankroll one-third of his buy-in.
Scotty won and refunded Matusow $333,333, or one-third of his $1 million prize money, so the gamble paid out for both of them.
His first World Poker Tour (WPT) victory came in 2006 when he won the 4th Season Gold Strike tournament. In 2007, he finished second in the WSOP Main Event.
In 2008, he received one of his lowest points at the Chip Reese Memorial $50,000 Event. While he eventually won the event, he displayed exceedingly poor sportsmanship throughout the game and lost the respect of many of his fans as a result of his nasty behavior.
He originally sought to blame his attitude on the game’s tension and the actions of the other players. Nonetheless, he finally delivered a formal apology and has since maintained control of his behavior.
Scotty’s most recent win came in 2018 when he finished third in the $25,000 Pot Limit Omaha High Roller WSOP event. Scotty has won five World Series of Poker bracelets and finished in the money 46 times in his career.
He is also the only individual to date to have won both the World Series of Poker $50,000 H.O.R.S.E World Championship (2008) and the World Series of Poker Main Event (1998).
In addition, he is one of only six people in the world to have won both the WSOP main event and the WPT crown. Scotty is presently ranked 42nd on the All-Time Money List of poker players, with total live event earnings of $12.6 million.
Scotty Nguyen Full Professional Poker Career
Scotty had to rebuild his $1 million bankroll after losing it in order to continue playing at tables. In 1997, fortune shone on him once more. At that year’s World Series of Poker, he won the $2,000 Omaha 8 or Better tournament event, earning a total of $150,000.
However, he quickly depleted his bankroll and went bankrupt before the following World Series of Poker in 1998. Because he couldn’t play for greater stakes, he had to play in little satellite tournaments, which he couldn’t even afford. Mike Matusow then learned that Nguyen had some promise and decided to bankroll one-third of his buy-in.
Scotty is well-known for his outbursts at the poker tables. Mike Matusow bankrolled Scotty with one-third of the buy-in at the 1998 World Series of Poker, and he won the game.
He eventually divided his winnings and gave Matusow $333,333 for his investment. Scotty Nguyen defeated his opponent, McBride, in the final hand of the WSOP Main Event with a superior complete house. He won the event and was awarded the 1998 WSOP Championship bracelet.
Unfortunately, tragedy struck Nguyen’s family, reducing his WSOP victory. The day following his win, his brother was killed when he was hit by a car in Vietnam. Scotty was unable to wear his bracelet after the event due to the tragedy and in memory of his brother.
Scotty Nguyen advanced to multiple WPT (World Poker Tour) final tables after winning the 1998 tournament, and he finally won the 2006 WPT event by defeating Michael Mizrachi in heads-up during the fourth season of the Gold Strike World Poker Opening.
With this latest victory, Nguyen became one of just six players in history to have won both the WSOP main event and the WPT crown. At the 2007 World Series of Poker, he finished second in the 7-card Stud Hugh Low Split 8 or Better event. He came in second place, trailing Eli Elezra.
Nguyen stated that following this event, he had not played any cash games in more than two years since he loves to play in a friendly environment, which is not achievable in serious cash games or tournaments.
He nearly made it to the final table in the 2007 World Series of Poker Main Event but placed tenth out of 6,358 players. During this game, he made a total of $476,926.
Scotty demonstrated what many people perceived to be an unpleasant and rule-breaking attitude at the $50,000 WSOP H.O.R.S.E event in 2008. Nguyen was said to have consumed a large number of alcoholic beverages while yelling and cursing those at the final table, including the waiters and waitresses.
His actions drew widespread condemnation from fans and commentators. At the conclusion of the event, which he won, he apologized to his fans, claiming that the event had been edited to portray him unfairly.
He also attempted to excuse his behavior by citing anger and tiredness caused by Michael DeMichele’s claim to gloat, as well as the pressure to win the event.
Of course, everyone saw through his phony excuse and went after him on social media. He later openly apologized in an interview, saying that he knew he was accountable for his actions and that he couldn’t blame any other player for what he did, and that he had no excuse for his nasty behavior at the H.O.R.S.E event in 2008.
Scotty Nguyen won the $10,000 H.O.R.S.E World Championship at the Commerce Casino’s annual LA Poker Classic Series in 2009. Scotty Nguyen netted a total of $339,743 at the event, considerably increasing Scotty Nguyen net worth and highlighting his reputation as one of the best masters of all fixed-limit poker types.
Scotty Nguyen net worth in terms of total live tournament winnings had surpassed $11,700,000 by 2015. The World Series of Poker was responsible for $5,100,999 of these winnings.
Scotty has also appeared on a variety of poker TV shows, including the Ultimate Blackjack Tour, where he played Elimination Blackjack. In April 2004, he also appeared on Late Night with Conan O’Brien.
Scotty was selected as team captain of the Expekt Poker Pro Team for the European Poker Tour (EPT) Deauville in 2012. This team also includes professional poker players Jack Salter, Julian Kabitzke, and Andre Klebanov, who finished third in the EPT London.
|$2,000 Omaha 8 or Better||1997||$156,959|
|$10,000 No Limit Hold’ Em World Championship||1998||$1,000,000|
|$2,500 Pot Limit Omaha||2001||$178,480|
|$5,000 Omaha Hi/Lo Split or Better||2001||$287,580|
|$50,000 H.O.R.S.E World Championship||2008||$1,989,120|
Ethnicity, religion, and political views
Many people are curious about Scotty Nguyen’s ethnicity, country, ancestry, and race. Let’s have a look! According to public resources, IMDb and Wikipedia, Scotty Nguyen’s ethnicity are unknown.
In this article, we shall update Scotty Nguyen’s religious and political beliefs. Please check the article in a few days.
After losing his million, Nguyen had to rebuild his bankroll. His next victory came in 1997, when he won the $2,000 Omaha 8 or Better event at the World Series of Poker, generating a profit of more than $150,000.
Unfortunately, Nguyen squandered this bankroll once more, and he went bankrupt just before the 1998 World Series of Poker. Nguyen was forced to compete in a minor satellite event that he couldn’t even afford to enter. Mike Matusow saw potential in Nguyen and decided to bankroll a third of the investment.
Scotty Nguyen Net Worth
Scotty Nguyen is a wealthy poker player who is also one of the most popular. Scotty Nguyen net worth is estimated to be $1.5 million, according to Wikipedia, Forbes, and Business Insider.
|SCOTTY NGUYEN NET WORTH & SALARY|
|Net Worth||$1.5 Million|
|Source of Income||Poker Player|
|House||Living In Own House.|
Scotty Nguyen’s Most Recent Earnings and Tournament Victories
|49th Annual World Series of PokerEvent #75: The Closer – $1,500 No-Limit Hold’em (30 minute levels) – $1 Million Guarantee||2018||$3,515|
|49th Annual World Series of PokerEvent #62: $888 Crazy Eights No-Limit Hold’em 8-Handed||2018||$1,850|
|49th Annual World Series of PokerEvent #54: Big Blind Antes $3,000 No-Limit Hold’em||2018||$10,387|
|49th Annual World Series of PokerEvent #49: $10,000 Pot-Limit Omaha 8-Handed Championship||2018||$21,028|
|49th Annual World Series of PokerEvent #42: $25,000 Pot-Limit Omaha 8-Handed High Roller||2018||$592,875|
|49th Annual World Series of PokerEvent #32: $1,000 Seniors No-Limit Hold’em||2018||$3,759|
|49th Annual World Series of PokerEvent #24: THE MARATHON – $2,620 No-Limit Hold’em||2018||$11,329|
In addition to his prolific gambling winnings, Scotty has experimented with a few other types of income over the years to supplement his net worth. As previously said, he returned to dealing cards multiple times in his early career to recuperate what he had lost at the poker tables due to overconfidence.
In 1999, he made the poker film The Big Blind. He appeared on Conan O’Brien’s show in 2004. In 2006, he collaborated on a Diet Pepsi commercial alongside Daniel Negreanu and Phil Hellmuth. In 2012, he released “That’s Poker, Baby!,” a poker strategy book.
In addition, he has worked with the World Poker Tour, World Series of Poker, World Poker Tour Boot Camp, and Activision over the years, as well as various regional casinos, to market their offers. He is currently listed as an available speaker with Athlete Promotions.
Scotty Nguyen’s net worth is estimated to be around $12 million as a result of all of his activities and endorsements. According to Hendon Mob, his total live earnings were $12,596,067.
Scotty Nguyen is one of the most accomplished professional poker players in the world. He is also a well-known personality in the sector. Despite his lowly beginnings, he managed to become a force to be reckoned with in the poker scene.
He began by playing for low stakes and progressed to huge sums. Nguyen had won five WSOP bracelets and a large total of money during his professional poker career. Scotty Nguyen net worth has increased steadily over the course of the year.
Many people believed that even if he didn’t play poker for the rest of his life, he couldn’t go broke. We can’t assume that Nguyen is out of the poker world for good because he hasn’t officially said his goodbyes to the poker community. It wouldn’t be shocking to see him return in the near future.