Billionaire Teddy Sagi made his money in tech, but he’s no stranger to real estate. The Playtech founder owns London’s famed Camden Market, among other assets in Europe. But now he’s turned his sights on Miami, backing major projects across the region.
His investments have breathed life into long-stalled projects in West Palm Beach and North Miami, and jump-started a new condo development on Fisher Island.
Working with Related boss Jorge Perez and BH Group’s Isaac Toledano (who will also join the Forum stage for a conversation, aptly, about foreign investment in development), Sagi’s underwriting has enabled these projects to keep pushing forward as the market pushes back.
The billionaire will join The Real Deal’s South Florida Forum on Nov. 9 in Miami, talking with publisher Amir Korangy. The pair will talk about savvy dealmaking, smart investing, and finding the right partners, plus the future of tech and real estate, taking companies public (and back to private) and how to stay ahead in challenging markets. Forbes pegs his net worth at $5.5 billion.
There’s a lot to talk about. Sagi has said that his partnership is “more conservative” than when it launched in 2021. But he’s also said that he takes a hands-off approach with partners he trusts. That’s “the beauty in the way I build businesses,” he said. “I am not running the businesses.”
From his dealmaking expertise to his tech mastery, we’ll hear more about the billionaire’s business on stage on Nov. 9 at Mana Wynwood.