Riccardo Zacconi owns over 19,761 units of Activision Blizzard Inc stock worth over $1,305,072 and over the last 7 years Riccardo sold ATVI stock worth over $11,797,712. [5][4][2], At the start of the dotcom boom in 1999, Zacconi joined the Swedish online messaging startup Spray before it was purchased by Lycos Europe in 2000. $1M . Riccardo Zacconi net worth Jul, 2023 - People Ai In a LinkedIn post yesterday, Zacconi thanked his team at King, current president Humam Sakhnini, Activision-Blizzard CEO . He holds a B.A. And it was this cross-platform strategy that fueled the games success. Sort of, How do you grow a business? Riccardo's mailing address filed with the SEC is C/O ACTIVISION BLIZZARD, INC., 3100 OCEAN PARK BOULEVARD, SANTA MONICA, CA, 90405. I always had in myself the need to become an entrepreneur and to have my own thing. just before Christmas and they needed to find the money before the holidays, or they would have to shut the company down. Get this delivered to your inbox, and more info about our products and services. equity of between 5% and 20%, according to a Fortune report. Co-founder Zacconi Zacconi studied economics at Luiss University in Rome, because he had no idea what he wanted to do as a career. 0 transactions in Activision Blizzard Inc (ATVI) over the past 5 years. Zacconi had put around half a million dollars into the business, made from the sale of dating website uDate to Match.com and he had attempted to reduce all personal costs to zero by selling his possessions and staying with a friend. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. They hoped to make . Activision Blizzard Inc (ATVI) our portfolio includes some of the biggest franchises in all of entertainment, developed by the incredibly talented teams at activision publishing, blizzard entertainment, king digital entertainment, activision blizzard studios, major league gaming, and our independent studios, including toys for bob, infinity ward, sledgehammer games and treyarch. Sign up for free newsletters and get more CNBC delivered to your inbox. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. the CEO, King of Activision Blizzard Inc and owns about 14,083 shares of Activision Blizzard Inc (ATVI) stock worth over $1 Million. Europe, Menlo Park, China), Where the person is located (e.g. Job: co-founder, chief executive, KingAge: 46Industry: digital mediaNew entry. Despite backing the company for eight years, like the founding Beatles member Pete Best, Rowland left too early to share in its success. Activision Blizzard Inc executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. of 12,884 shares made by Jesse Yang The IPO was not a very easy one. Insiders are limited to only officers and/or directors of the company. Riccardo Zacconi, the urbane Italian at its helm, met its co-founders when he was chief executive of the German unit of a fledgling news, search and email portal called Spray. What does 'time well spent' mean for games like 'Candy Crush?' You have to match three candies of the same type. And you have a limited period of time. Riccardo Zacconi around $1 Million. Antonella Mei-Pochtler, a senior advisor at BCG and Zacconis former colleague, said they worked well together because they had a passion for consumer goods. Before that, he was managing director for Spray Network GmbH an online portal based in. Apax, whose holdings include the fashion chain New Look, the Orange mobile network in Switzerland and a trade publishing joint venture with the Guardian's parent company, injected about $36m in 2005, and its 48% stake is now worth almost 100 times that. His mother and father did not come from a wealthy family. You can see the complete history of Riccardo Zacconi stock trades at the bottom of the page. Details can be seen in Riccardo Zacconi's Latest Holdings Summary section. The estimated net worth of Riccardo Zacconi is at least $1 Million dollars as of 2023-08-22. The 25 Richest People in UK Tech, According to the Sunday Times Rich List We don't have much information about He's past relationship and any previous engaged. Details can be seen in Riccardo Zacconi's Latest Holdings Summary section. acconi could have become a dentist. Other King hits include Bubble Witch and Pet Rescue; you can now buy Candy Crush socks. [1][4], After leaving university, Zacconi worked as a consultant. King had revenues of $2.1 billion in the fiscal year which ended September 2015, and in November that same year Activision Blizzard announced it would acquire King for $5.9 billion, in an effort to reach mobile gamers. The people are not stupid. There was no option Stock quotes provided by InterActive Data. San Francisco Bay Area, Silicon Valley), This describes the type of investor the person is (e.g. Born in 1967 and raised in Rome, Italy, he spent time at his fathers dental practice after high school. And its something King Digital Entertainment, the British and Swedish games studio behind smartphone hit Candy Crush, will be valued at $7bn when it begins trading on the New York Stock Exchange on Wednesday, as investors show a renewed appetite for technology firms. GuruFocus only tracks and displays the purchase and sale of non-derivative security in open market or private transactions from SEC filings with the transaction code of P or S. Only the transactions in Open Market or Private Sale at the market prices are included. Italian businessman, management consultant, and video game developer Riccardo Zacconi is best known as the CEO of King, a video game development company he founded in 2003. on, we decided to focus and do more sagas on Facebook.. Also learn how He earned most of networth at the age of 53 years old? . offers FT membership to read for free. And then they disappear from the field. InTechnology. King's Riccardo Zacconi says Facebook nearly crushed his company Edited Today, after 17 years, is my last day at King. EDUCATION . You might contact Riccardo Zacconi via mailing address: C/o King Digital Entertainment Plc, 10th Fl., 1 St. Giles High St., London X0 Wc2h 8ag. That person is Riccardo Zacconi. his own master and not to have to report to others, Zacconi said. Index is a legend in technology venture capital, having backed Facebook and Skype, as well as British successes such as the clothing retailer Asos and the Moshi Monsters maker Mind Candy. For a full comparison of Standard and Premium Digital, click here. Zacconi is a leading figure in the UK tech industry and is a proponent of the UK government's efforts to establish a tech city in East London. I never experienced anything like that my whole life, Zacconi added. Is it a one hit wonder that is going to disappear after a few years?. We have estimated If someone doesnt manage to get through a level, they lose one life, and once theyve lost all five, players have to either wait 20 minutes for the game to restart, or pay 99 cents. desktops and mobile devices. In 2007, Facebook opened up to games developers, and King assigned six or seven people, out of around 100 staff, to experiment on the platform. He invested and shared in the spoils when the site was sold for $150m, using the proceeds to set up King. this idea came because when we were (at) Spray one of the many products we developed was online dating, Zacconi told CNBC. His net worth has been growing significantly in 2022-2023. Peter J Nolan who bought 13,160 units worth At the start of the dotcom boom in 1999, Zacconi joined the Swedish online messaging startup Spray before it was purchased by Lycos Europe in 2000. Riccardo Zacconi Net Worth (2022) | wallmine NZ that everybody sees. He is from Italian. Shares in the company behind the wildly popular smartphone game Candy Crush will fluctuate wildly when they begin trading, but it is clear that King's biggest shareholders will suddenly be very rich. And so, we could continue, he added. In its first year, Candy Crush Saga was downloaded more than half a billion times on Facebook, iOS and Android, Europe Acquired Companies With More Than 50 Employees (Top 10K), Mobile Acquired Companies With More Than 100 Employees, Mobile Acquired Companies With Fewer Than 1000 Employees, Europe Companies With More Than $100M in Revenue (Top 10K), Europe Companies With More Than $500 in Revenue, Number of portfolio companies associated to the Person, The organization associated to the person's primary job, Where the person is located (e.g. Riccardo Zacconi's largest purchase order was, Riccardo Zacconi's largest sale order was, In total, Riccardo Zacconi has made about, Activision Blizzard, Inc's most recent insider trade came on May 4, 2023 by Riccardo Zacconi is an Italian businessman, management consultant, and video game developer. And in 99 I got Spray, and, again, another point of chance, he told CNBC. Chief Administrative Officer Brian Bulatao On average, Activision Blizzard Inc executives and independent directors trade stock every 27 days with the average trade being worth of $67,978,310. Its typical investment is between $500,000 and $1.5 million, for which it takes Candy Crush Saga is free to play, and gamers are assigned five lives. 2023 CNBC LLC. analyse how our Sites are used. And I will never forget. Overall rank on the Sunday Times Rich List: =365. Discover today's celebrity birthdays and explore famous people who share your birthday. , Bits & Pretzels - The Founders Festival 2016, Unicorns Unite 100 unicorn founders back Firstminute Capital, King co-founder and chairman Riccardo Zacconi has left the company, Former King chairman Mel Morris tops the 2020 UK gaming rich list, King CEO Riccardo Zacconi steps down after 16 years, King's Mel Morris, Riccardo Zacconi and Sebastian Knutsson named in UK's Rich List. During the past 18 months, 63,468 shares of Activision Blizzard Inc (ATVI) were sold and 13,160 shares were bought by its insiders, resulting in a net It had over 250 million monthly users in the first quarter of 2020 and its franchises include Candy Crush. On May 26, 2019, Zaconni announced he was stepping down as CEO of King. He would show people a drawing of two characters under a sun umbrella on the beach, then zoom out to show that the couple were sitting in an hourglass timer, with the sand running out underneath them. . He's guided the company through the many phases online gaming (desktop, Facebook, mobile, and more), taking King public and eventually selling it to gaming giant . The most recent stock trade was executed by Peter J Nolan on 3 May 2023, trading 13,160 units of ATVI stock currently worth $1,000,028. Still we are profitable. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. I ended up staying in Germany This investment adviser does not provide advice to individual investors. At Spray, he met the executives who would later The dot-com bubble had burst, Zacconi had put all of his money into start-up gaming company Midasplayer, and he and his co-founders had spent the year trying and failing to find investment. And there are many, many levels. Riccardo grew up in Italy, worked in management consulting at LEK and BCG before transitioning into tech at the start of the dotcom boom. For both managing the shareholders, the board, and for managing the team, the best thing is transparency. his thesis on how economic principles can be applied to accounting he headed to Germany to study the theories of the economist Eugen Schmalenbach. But raising money was difficult. He was knighted by the Italian President in December 2016 with the title of Commendatore dell'Ordine della Stella d'Italia.[8]. To achieve a level, you have According to the SEC Form 4 filings, Riccardo Zacconi has made a total of Additionally, Riccardo Zacconi has had 4 past jobs including Qualified Case Leader at The Boston Consulting Group. King co-founder Riccardo Zacconi has departed the company after 17 years. We were really destroyed. He is best known as CEO of King, a video game development company he founded in 2003. Candy Crush Saga would become part of Activision Blizzards stable of titles, including Call of Duty and She escaped from Hungary in 1956 with literally nothing, only a toothbrush. Riccardo Zacconi owns over 19,761 units of Activision Blizzard Inc stock worth over $1,202,407 and over the last 7 years Riccardo sold ATVI stock worth over $11,797,712. Riccardo Zacconi departs King after 17 years | GamesIndustry.biz In May 2019, it was announced that Zacconi would step down as CEO of King, handing the role over to Humam Sakhnini, who had become its president in January. Like his co-founders, Hartwig cut his teeth at Spray. He told everyone that one of the reasons (for) his success was the thesis that he did with me, Fiori From 2001 to 2002, he served as Entrepreneur in Residence, sector Venture Capital, Benchmark Capital, London, sold in 2003 . n 1999, Zacconi became managing director of Swedish company Spray Network, a Yahoo-like online portal that was riding the dot-com boom. The estimated Net Worth of Riccardo Zacconi is at least $13.1 Million dollars as of 16 August 2018. So it was an incredibly fast growth, and it was a real tech bubble kind of story, he said. So, how much is Riccardo Zacconi worth at the age of 56 years old? of 13,160 shares made by Peter J Nolan Hamburg with a presence in Germany, France, Italy, Sweden, Denmark and Norway. and other data for a number of reasons, such as keeping FT Sites reliable and secure, 19,761 shares on August 20, 2018, which GuruFocus.com is not operated by a broker or a dealer. Riccardo Zacconi - Net Worth June 2023, Salary, Age, Siblings, Bio And it also reached a new type of gamer, according to Mei-Pochtler at BCG. personalising content and ads, providing social media features and to The users went up like a rocket we had a board meeting in October of 2012 where we defined the plan, and the budget for the entire following year, 2013. But the last of the six was our first saga, the Bubble Saga. Riccardos favourite King game used to be Jungle Bubble. Others named Riccardo Zacconi. of 40,410 shares made by Daniel Alegre They look pretty. Robert A Kotick, Chief Executive Officer, Toby Rowland co-founded King with Morris and Zacconi and was co-chief executive until 2008, but he sold his shares in 2011, just months before the company launched its first hit Facebook game. Patrik Stymne, Thomas Hartwig and Lars Markgren. His first career role was as a consultant during a two year long stint at LEK consulting, between 1991 and 1993. Data is a real-time snapshot *Data is delayed at least 15 minutes. And that really took off. How Candy Crush Saga's Riccardo Zacconi became a gaming king - CNBC Italian Zacconi moved to London to work in technology in 2001, co-founding King, which is backed by Apax Partners and Index Ventures, two years later. stock. [5][2], He said he would remain in the King CEO post until July 1, 2019, but would stay the chairman. In this role, Riccardo demonstrated his understanding for developing solid company strategy, intelligent plans for sustainable growth and strategic partnerships, which supported the successful sale of Spray Network to Lycos for $764 million. brought Riccardo is a Trustee and the Founder of PTEN Research. Riccardo Zacconis income source is mostly from being a successful CEo. [7], Zacconi is a leading figure in the UK tech industry and is a proponent of the UK government's efforts to establish a tech city in East London. (We had an) understanding (of) what really moves people, and for creativity and It was iccardo Zacconis business nearly went bankrupt in 2003. So, how much is Riccardo Zacconi worth at the age of 54 years old? And by the end of the month, the game skyrocketed. of 0 shares. Another co-founder, Hartwig is the brains behind King's data strategy, harvesting information from the 1.4bn game plays a day to hone each product from its testing phase on the King.com website through to its launch as a standalone smartphone app. We made him an offer and we paid him I think something like $200,000 or $300,000 at the time, which was an incredible amount of money considering the money we had but we thought it was a great URL.. Previously, Riccardo served as vice president of European Sales and Marketing at uDate.com Ltd., an online dating service, and was involved in driving market penetration and partnerships until the company was acquired by InterActive Corporation in 2002. Morris netted 20m and spent part of the money buying a stake in his beloved Derby County football club and part of it establishing King. His parents ran a denim brand and retail chain, and his sister has her own clothing company. King had designed the game to be accessible across multiple platforms, which meant that players could jump into the game seamlessly between their Riccardo Zacconi. He was reportedly identified as the poster child for Europe's mobile gaming sector. He took the job and uDate was soon sold to Match.com owner USA Interactive (now InterActiveCorp) for a Activision's impressive franchise portfolio includes World of Warcraft, which boasts more than $8 billion of lifetime sales, and Call of Duty, which has sold over 175 million copies across 14 titles over 12 years. Riccardo Zacconi is stepping down as chief executive of King, after more than 16 years leading the Candy Crush games developer. Riccardo has been working in technology and start-ups since 2001, including at . Photograph: Richard Young/REX, HowKing Digital Entertainment's CEO conquered the gaming world, Candy Crush maker to take over Facebook's Covent Garden office, Candy Crush creator's share price dives on first day of trading, This is what Candy Crush Saga does to your brain, Candy Crush Saga: sweet success for global flavour of the moment. 5mo Edited. nutsson invented the idea for Candy Crush Saga in the bathtub. Facebook sensation Candy Crush Saga is making millions for the King founder, pointing the way ahead in mobile gaming, Original reporting and incisive analysis, direct from the Guardian every morning, 2023 Guardian News & Media Limited or its affiliated companies. One of King's founders, Knutsson recently claimed to have designed 10 of the company's 15 worst games it has made 180 so far but Candy Crush also emerged from his Stockholm studio. The combined firm remains one of the world's largest video game publishers. For the first time, we saw our users going down and our revenues going down, Zacconi moved to the UK in 2001 to look for digital investments, and by 2002 had been persuaded to join uDate. And the person who would complete this one level with the highest score would win the tournament, Zacconi said. Peter Wilkinson, CEo of InTechnology. in Economics from LUISS University, Italy. He has since grown the company into one of the most successful mobile gaming businesses worldwide. Riccardo has made over 11 trades of the Activision Blizzard Inc stock since 2016, according to the Form 4 filled with the SEC. The company was sold soon after for $150m and merged with Match.com. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. He gives CNBC the inside story of the game that has hit the sweet spot. a net He placed at No.267 on the overall list, with the next highest games professional at No.320: current King CEO Riccardo Zacconi, who is worth 410 million -- also up 15 million year-on-year. no insider transaction in Activision Blizzard Inc (ATVI). I know Riccardo sort of essentially just lived on a friends couch. Simply log into Settings & Account and select "Cancel" on the right-hand side. How King Digital Entertainment's CEO conquered the gaming world That group was further divided into several teams, each working on new ideas for games on the site. for strong analytics, she told CNBC. He has since grown the company into one of the most successful mobile gaming businesses worldwide. You can still enjoy your subscription until the end of your current billing period. King (company) - Wikipedia Enjoy a 7-Day Free Trial Thru Aug 29, 2023! The same year, Zacconi, Knutsson, Markgren, Hartwig and Stymne launched angel investment fund Sweet Capital, together with entrepreneur Christian Dorffer. Now a full-time non-executive director, he spent 14 years in senior roles at Electronic Arts, the world's third-largest gaming company and maker of the Fifa football games and the sci-fi shooter Titanfall. Index invested alongside Apax in 2005, putting in an estimated $7m. But I prefer to do something else. The only problem is that I had no idea what the something else would be, Zacconi told CNBCs The He is currently single. According to our Database, He has no children.

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