Anurag Dikshit


Bio

Anurag Dikshit (pronounced "Dixit") is an Indian businessman and one of the co-founders of PartyGaming, primarily responsible for developing the gambling software. With a current fortune estimated to be $1 billion, he is the richest man in Gibraltar, one of the youngest billionaires in the world, and recently was named 35th on the list of the richest Indians in the world.

Born in 1977 in Sindri, Jharkhand, Dikshit graduated with a Bachelor of Technology degree in Computer Science and Engineering from Indian Institute of Technology in Delhi in 1994. After graduation, he worked in technology jobs in several US businesses - including, a software developer, a systems analyst, and a consultant for AT&T.

PartyGaming

When Dikshit was 25 years old, he met entrepreneur Ruth Parasol, founder of PartyGaming, who asked him to write some proprietary code for PartyGaming's Starluck online casino to replace the software they were licensing from another company. His skills were so important to the future of PartyGaming, that Parasol allocated him 32% of the shares in the company.

In 2000, Dikshit hired a colleague from his alma mater, Vikrant Bhargava, to head the company's Caribbean operations. Party Poker was launched in August 2001, just prior to the huge growth in online poker.

When the company was later floated on the stock exchange, Dikshit was turned into a billionaire overnight. Prior to the company's IPO, Dikshit was virtually unknown to the general public.

In May 2006, Dikshit stepped down from PartyGaming's board of directors in order to develop new products as head of the company's research. He continued to own approximately 10% of the company's shares.

In December 2008, Dikshit pled guilty to illegal Internet gambling and agreed to cooperate with the U.S. Justice Department in an investigation of PartyGaming. Dikshit entered a plea to one count of online gambling in violation of the Federal Wire Act and agreed to forfeit $300 million. He reportedly sold his remaining stake in PartyGaming (38.8M shares) for 105m (approximately $170M USD) and will donate the money to his charitable organization, the Kusuma Trust.

Dikshit currently resides in Gibraltar.

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Anurag Dikshit

HPG ADMIN on February 27, 2013

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