Ed Craven Net Worth and Life 2026: Stake Casino Founder
Ed Craven is Australia’s youngest self-made billionaire. By the age of 30, the Melbourne-born entrepreneur had built a crypto gambling and live streaming empire that generates billions in annual revenue.
Ed Craven’s net worth is around $2.2 billion USD, according to Forbes, though other estimates put the figure considerably higher. This is the full story of how he got there.
Ed Craven Net Worth 2026
The honest answer is: it depends on which source you trust and when you check it.
Forbes tracks Ed Craven’s real-time net worth at approximately $2.2 billion USD as of May 2026, placing him at around #1,862 on the global billionaires list. The Australian Financial Review Rich List, which uses different valuation methods, has pegged his individual wealth closer to $4.51 billion AUD – roughly $3 billion USD at current exchange rates.
| Metric | Figure | Source |
|---|---|---|
| Forbes real-time net worth | ~$2.2B USD | Forbes (May 2026) |
| AFR Rich List estimate | ~$4.51B AUD (~$3B USD) | Australian Financial Review |
| Combined Craven + Tehrani | ~$5.6B USD | Forbes Australia |
| Bijan Tehrani’s net worth | ~$2.8B USD | Forbes |
| Easygo 2024 revenue | $500M+ | Australian corporate filings |
| Easygo 2024 net profit | ~$260M | Australian corporate filings |
| Stake.com GGR 2024 | $4.7B | Industry reports |
| Toorak property | ~$38M to $88M (reported range) | Public records / Forbes |
Neither figure is wrong. They just capture different moments and use different methodologies. A large share of Craven’s wealth is tied to crypto assets and private company equity, which fluctuate significantly.
Forbes Australia places the combined fortune of his co-founder, Bijan Tehrani, at approximately $5.6 billion USD.
| Source | Reported Ed Craven Net Worth | Notes |
|---|---|---|
| Forbes | ~$2.2B USD | As of May 2026, around #1,862 on the global billionaires list |
| Australian Financial Review Rich List | ~$4.51B AUD (~$3B USD) | Different valuation methodology |
| Forbes Australia (combined with Bijan Tehrani) | ~$5.6B USD | Craven and Tehrani’s joint fortune |
Where Does His Wealth Come From?
Almost all of it flows through Easygo Entertainment Pty Ltd – the Australian parent company behind Stake.com and Kick. Financial filings revealed that Easygo generated over $500 million in revenue for the 2024 financial year, with net profit of around $260 million and more than $405 million in cryptocurrency holdings.
In 2024, Stake.com generated $4.7 billion in gross gaming revenue on its own. The platform’s takings had climbed by roughly 80% across the previous two years.
Craven is also known for his Melbourne property. He owns real estate in the exclusive Toorak suburb, including a high-profile build locals have nicknamed the “ghost mansion.” Reported figures for his Toorak holdings vary widely across sources, from around $38 million to as high as $88 million, depending on whether you count purchase price or estimated current value.
Ed Craven Net Worth Over Time
Craven built his fortune in remarkably little time. The clearest way to see it is to line up Stake’s revenue against his appearances on the major wealth rankings.
Back in 2020, Stake was pulling in something like $100 million a year. By 2022, that had rocketed past $2 billion – roughly a twentyfold jump, powered by the pandemic-era boom in gambling streams. By the time he was showing up on rich lists, the business was already huge.
| Year | Reported Net Worth | Source / Context |
|---|---|---|
| 2020 | Not yet ranked | Stake annual revenue around $100M |
| 2022 | Billionaire territory (est.) | Stake revenue passes $2B |
| Oct 2024 | A$2.01B (~$1.3B USD) | AFR Young Rich List debut, ranked 68th |
| Feb 2025 | A$4.51B (~$3B USD) | Australian Financial Review |
| 2025 | ~$2.8B USD | Forbes World’s Youngest Billionaires list |
| May 2026 | ~$2.2B USD | Forbes real-time billionaires |
One quick note on why these numbers don’t line up perfectly. Different lists use different methods, different currencies (AUD vs USD), and snapshot his wealth on different dates.
A big chunk of his fortune sits in crypto and private equity, both of which swing hard. So a figure that reads $4.51 billion AUD on one list can read $2.2 billion USD on another within months. Both can be accurate at the time they were published.
How Rich Is Ed Craven Compared to Others?
The headline fact: Craven is one of only a handful of genuinely self-made billionaires under 30 anywhere in the world.
When Forbes published its 2025 list of the world’s youngest billionaires, most names on it had inherited their fortunes. Craven was one of just two self-made entrants under 30 – the other being Alexandr Wang, founder of AI company Scale AI. That puts him in extremely rare company.
- vs Bijan Tehrani (his own co-founder): Forbes has tracked Tehrani slightly ahead at around $2.8 billion USD. The two built the same empire, so their fortunes rise and fall together.
- vs other young Aussie billionaires: Craven is widely recognized as Australia’s youngest self-made billionaire, and ranked around #46 on Forbes’ Australia’s 50 Richest list for 2026.
- vs the global field: On the full Forbes Billionaires list, he sits in the #1,800 to #1,900 range – remarkable for someone who built his wealth in under a decade.
- Combined with Tehrani, Forbes Australia has valued the pair’s joint fortune at around $5.6 billion USD, placing their empire far above that of either man alone.
The takeaway is simple. Most people his age with this kind of money were born into it. Craven built it.
Who Is Ed Craven? Early Life and Background
Ed Craven was born in Melbourne, Australia, in 1995. He went to Bishop Druitt College, but university was never on the cards for him. As a teenager, he was already buying and selling virtual game items, getting into Bitcoin early, and tinkering with small online money-making ideas – well ahead of the crowd.
He has said his fascination with the industry traces back to a family cruise when he was 12. He won around $6,000 on a snowball jackpot bingo game, and the flashing lights and the thrill of the win stuck with him. It was an early hint of where his career would eventually go.
RuneScape filled a lot of his teenage years, but it was the money angle that pulled him in, not the gameplay. The game had a staking feature, where players put their virtual items on the line in head-to-head matchups. That mechanic clearly left a mark – it is where the name Stake would eventually come from.
His nationality is Australian. His background is Anglo-Australian. Various searches question his ethnicity or religion – the answer is straightforward: Craven is an Australian of Anglo heritage, born and raised in Melbourne.
How Ed Craven Made His Money
Primedice (2013)
Primedice was the pair’s first real product – a stripped-back Bitcoin dice game inspired by the RuneScape staking they had grown up with. They launched it in 2013, when a single Bitcoin still traded for under $100. The concept was deliberately simple: pick a number, roll, win or lose crypto.
Two things made it matter. It was one of the earliest “provably fair” gambling sites, which let players mathematically check that a result had not been rigged – a genuine selling point in a corner of the internet full of dodgy operators. And it made money straight away. Craven has said they took more than a million dollars in bets on the very first day, while he was still in high school. Primedice handed both the cash and the confidence to the pair, enabling them to aim far higher.
EasyGo (2016)
In 2016, with Primedice proving the model worked, Craven and Tehrani founded Easygo in Melbourne. On paper, it was a game-development studio. In practice, it was the workshop where the rest of the empire would be built.
They started with a team of around 18 and made one key call early on: instead of licensing games from external suppliers, they would build their own technology and titles in-house. Owning the tech stack is what lets them move fast and keep more of the money. Easygo grew quickly and earned a name as one of Australia’s fastest-rising companies.
Stake.com (2017)
Stake online casino launched in 2017 under the corporate entity Medium Rare N.V., licensed in Curacao. It arrived at exactly the right moment. A whole generation of young men had just discovered crypto and had money they were willing to put at risk – but few places aimed squarely at them. Stake closed that gap with provably fair games, Stake’s original crash casino games, near-instant crypto deposits, and an interface that felt more like an app than a casino.
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The pitch to players was speed, low cost, and privacy. Crypto deposits and cash-outs cleared far faster than bank transfers, fees were thinner without the usual middlemen, and plenty of users liked being able to bet without handing over a stack of documents. For a young, internet-raised, risk-friendly crowd, that mix landed perfectly.
The growth strategy was just as sharp as the product. Stake became one of the first platforms to pay Twitch streamers to gamble live in front of their audiences. The conversion rates were extraordinary. Deals with creators like xQc and Trainwreck – reportedly worth over $1 million per month each – turned Stake from a niche crypto casino into a mainstream name.
Then came Drake. The Canadian superstar started playing on Stake and signed on as its brand ambassador in 2021. He streamed himself placing eye-watering bets for a global audience, and his involvement helped drag the platform from a niche crypto product into genuinely mainstream territory.
By 2024, Stake was generating $4.7 billion in gross gaming revenue. A big chunk of that growth came from one of the most aggressive sponsorship strategies the gambling world has ever seen.
Eddie Stake
Here is a detail that surprises people: for years, hardly anyone knew Craven ran the place. Until late 2021, he was known publicly only by the online handle “Edd Miroslav.” He built one of the planet’s biggest gambling operations largely out of sight before stepping forward as its public face.
Even while keeping his real name out of the press, Craven stayed unusually close to the action. To players, he was simply “Eddie” – running giveaways, handing out bonuses, and talking to the community directly. That hands-on presence was rare among casino bosses and a big reason Stake Casino built such a fiercely loyal following.
It also, as later events would show, blurred some lines that probably should have stayed firm. He knew when to change tack, too: Stake started life as crypto-only, but in 2025, Craven pushed it to accept regular money as well, and fiat now reportedly accounts for around 70% of activity – a clear play for the mainstream rather than just the crypto crowd.
The numbers tell the rest of the story. Stake brought in roughly $105 million in gross gaming revenue in 2020. By 2022, that had jumped to around $2.6 billion, and by 2024 it hit $4.7 billion – enough to rank Stake among the ten biggest gambling groups in the world, ahead of long-established names like DraftKings and 888. A large slice of that growth came from one of the most aggressive sponsorship strategies the gambling world has ever seen.
How Stake Became the World’s Biggest Crypto Casino
Here’s the problem Stake faced. In many markets, it either can’t advertise in the usual way or is banned outright. So instead of buying TV slots, it bought attention – splashing its name across football shirts, UFC cages, esports jerseys, and even a Formula 1 car. If you watch sports, you have almost certainly seen the Stake logo, even if you have never visited the site.
The spread of deals is what makes the strategy so effective. It is not one big sport – it is a presence across nearly every sport, on nearly every continent.
Football (the biggest push):
- Everton – shirt sponsor of the English Premier League club, Stake’s marquee football deal, and its highest-profile mainstream placement
- Fortaleza FC (Brazil), FBC Melgar (Peru), and Enyimba FC (Nigeria) – covering South America and Africa
- Legendary ambassadors, including Sergio “Kun” Agüero, Iker Casillas, Eden Hazard, and Patrice Evra
Combat sports:
- An official partnership with the UFC, the biggest name in mixed martial arts
- A roster of champions and contenders, including Alex Pereira, Merab Dvalishvili, Alexandre Pantoja, and Caio Borralho
Esports:
- Astralis and Team Vitality – two of the most recognized organizations in competitive gaming, reaching exactly the young, online audience Stake wants
Other sports and entertainment:
- X Games – action sports
- Trinbago Knight Riders – Caribbean Premier League cricket
- Frankie Dettori – one of the most famous jockeys in horse racing history
- Drake – the music megastar who became the brand’s most famous face
The boldest move of all was Formula 1. For the 2024 and 2025 seasons, the Sauber team raced as the Stake F1 Team, with Kick branding on the car itself. That put the crypto casino’s name in front of a global TV audience every other weekend – some of the biggest mainstream exposure Stake ever bought.
That chapter has now closed: Audi took over the Sauber team for 2026, and both Stake and Kick have left the grid. But for two seasons, F1 carried the brand further than almost anything else.
This is the engine behind the whole story. Funded by Stake’s enormous margins, this relentless sponsorship spending is how Craven and Tehrani turned a crypto casino most regulators had never heard of into a genuinely global brand – and it is a big part of how they built the fortune behind Craven’s net worth.
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Kick (2022)
After Twitch banned gambling streams in late 2022, Craven and Tehrani didn’t pivot – they built a competitor. Kick launched the same year, offering content creators a 95/5 revenue split compared to Twitch’s 50/50 model. That headline alone drove a wave of creators to the platform almost overnight.
Kick is privately held under Easygo, so there is no official market cap. Industry analysts estimate its standalone value at between $800 million and $1.2 billion USD. Tehrani has reportedly confirmed that the founders have personally invested nearly $1 billion in the platform’s scaling since its launch. In March 2026, Kick reportedly surpassed 500 million hours watched.
Ed Craven and Bijan Tehrani – The Partnership
Craven and Tehrani first crossed paths online as teenagers, bonding over RuneScape and the surrounding gaming scene. From the start, they shared the same basic belief: that crypto, gambling, and online communities could be welded together into something far bigger than any one of those pieces.
Tehrani holds a majority stake in Easygo Entertainment Pty Ltd and operates as the strategic architect behind much of the company’s structure and growth. Forbes tracks his net worth at approximately $2.8 billion USD, slightly ahead of Craven on the global list.
The two have rarely spoken publicly about the specifics of their roles, but the general picture is consistent: Craven handles technology, compliance, and public-facing strategy, while Tehrani focuses on operational structure and partnerships.
Ed Craven’s Business Timeline
| Year | Milestone | What It Meant |
|---|---|---|
| 2013 | Primedice launches | First crypto dice game – proof of concept for digital wagering |
| 2016 | EasyGo Solutions founded | The operational backbone of the entire empire |
| 2017 | Stake.com goes live | Crypto-first casino, Curacao licensed, targeting a generation of digital natives |
| 2020 | Streamer partnerships begin | Live gambling on Twitch transforms Stake’s growth curve |
| 2021 | Drake partnership | Mainstream pop culture reach, multi-million-dollar ambassador deal |
| 2022 | Kick launches + Toorak purchase | Twitch ban triggers a competitor platform; a high-end Melbourne mansion was acquired |
| 2024 | F1 naming rights + $4.7B GGR | Sauber Formula 1 team rebranded as Stake F1; revenue hits new high |
| 2025-26 | Regulatory pressure, Drake dispute + F1 exit | US states file suits; Drake quits Kick streaming; Stake leaves F1 as Audi takes over Sauber |
Controversies and Challenges
Building a crypto casino was never going to be without friction. Craven has navigated several serious challenges alongside the success.
US Regulatory Pressure
The United States has been the biggest headache. Crypto gambling sits in a legal grey zone across most of the country, and regulators have started pushing back hard. Through 2025, several states took aim at Stake, with California and Illinois among them. The actions ranged from formal warnings to lawsuits over operating without a license.
UK Market Exit
Stake also withdrew from the UK in 2025. The trigger was a marketing stunt featuring an adult-content creator that drew heavy public criticism. Stake distanced itself from the campaign, said it had not signed off on it, and presented the exit as a choice to concentrate on markets where the rules are clearer.
The Drake Dispute
Drake has been Stake’s most famous face for years, under a deal reportedly worth roughly $100 million annually. Things turned sour in August 2025. Drake said several of his withdrawal requests had been blocked, and he aired his frustration with the company’s founders during a livestream with fellow Stake streamer Trainwreck. He then deleted his Kick account and stepped away from live-streaming gambling. The spat made headlines worldwide.
That said, it would be wrong to call the relationship dead. As of 2026, Stake still runs dedicated Drake partnership and giveaway pages on both its global site and its US platform. So the picture is more “strained” than “over” – the high-profile Kick streaming has stopped, but the brand association is still being promoted.
VIP Gambling Controversy
In December 2025, ABC Australia published a cache of leaked chat logs between Craven and one of his VIP players. The messages showed the CEO staying in close personal contact with a high-roller who was showing clear signs of a gambling problem. The player later took the company to court, arguing it had profited from his addiction and trying to recover roughly $1.5 million he had lost on the site. Stake declined to discuss the matter while it was still before the courts. However you read it, the story put a spotlight on how crypto casinos handle their heaviest losers.
Ed Craven’s Personal Life
Craven is 30 years old and lives in Melbourne, where he has spent his entire life. He is widely recognized as Australia’s youngest self-made billionaire – a title most sources are comfortable attributing to him.
He is reportedly married to Laily Elias, with the couple having met via a dating app in 2021 and married in October 2023, though this has not been confirmed through official public sources.
Beyond real estate and cars, he is said to spend generously on philanthropic ventures – though he has kept these largely private.
What’s Next for Ed Craven?
Both Craven and Tehrani are still under 35. The empire they have built is significant, but neither shows any sign of slowing down.
On the Stake Casino side, the next moves are mostly about regulation – chasing proper licenses in places where it can run cleanly, with Latin America and parts of North America the obvious prizes. Kick’s path looks more about content than compliance: bigger creator contracts, esports, and live events designed to keep viewers around longer. There’s also a quieter business-to-business play. Easygo’s StakeEngine platform, which licenses game technology to other operators, has reportedly already processed more than $10 billion in wagers.
The next chapter is likely to be defined by how well they navigate regulation, not how aggressively they can grow. That shift from disruptor to institution is the real challenge ahead.
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Responsible Gambling and Editorial Transparency
This article is produced independently by the Somuchpoker editorial team. We may earn commission from affiliate links, but this does not influence our coverage or editorial judgments.
Gambling should always be entertainment. Never bet more than you can afford to lose. If gambling is causing you stress or financial harm, please reach out for support.
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