Representatives from the Chinese side say they think it likely that Chinese President Xi Jinping will attend the G-20 meeting later this month. But in order to reach a trade...China Economyread more
Software engineers straight out of college often make six-figure salaries, not counting equity compensation.Technologyread more
Wall Street, though, is clamoring for a rate cut, with an 85% chance of a move in July and a 61% probability of three reductions by year's end.The Fedread more
A company spokesperson said the outage was the result of a "an internal technology issue" and was not security related.Retailread more
Using MIT's living wage calculator, CNBC Make It mapped out the minimum amount a single parent must earn to meet their basic needs without relying on outside help in every...Earnread more
The flattening of the yield curve is exuding a bad omen for the stock market if history is any guide.Marketsread more
Hong Kong Chief Executive Carrie Lam announced at a press conference on Saturday that a contentious bill to allow extraditions to mainland China has been put on hold.China Politicsread more
Stratolaunch, the world's largest airplane, which flew once, is up for sale, sources familiar told CNBC.Investing in Spaceread more
Transparency is key… or is it? With the first-ever non-transparent, actively managed exchange-traded fund receiving approval from the SEC, "ETF Edge" goes straight to the...ETF Edgeread more
Mired in a crisis over its best-selling 737 Max plane, Boeing could hand the spotlight over to its rival Airbus at the Paris Air Show.Airlinesread more
A new update to the Apple Watch called watchOS 6 will notify you if the environment you're in is too loud and could damage your hearing.Technologyread more
Justin Bonomo has now won more money playing poker tournaments than anyone else in history.
The 32-year-old poker pro earned $10 million for winning the $1 million buy-in “Big One for One Drop” at the World Series of Poker in Las Vegas Tuesday night.
The big win bumped his recorded lifetime winnings to nearly $43 million, moving him slightly ahead of Daniel Negreanu.
Bonomo has won $25 million so far in 2018. And it’s only July. He won $4.8 million at a high-roller tournament in Macau in March and another $5 million in another high-roller in Las Vegas in May. Tuesday’s win was his 16th six-figure cash win in 2018.
The player Bonomo defeated heads-up, Fedor Holz, comes away with a $6 million consolation prize. That vaults him into fourth place on the all-time money list with $32 million in winnings. And Holz is only 24 years old.
Poker fans, however, should consider these figures more like point totals on a scoreboard and not balances in a bank account.
These totals are only winnings. They don’t include the cost of the buy-in, or all the times pros play a tournament and don’t make the money.
Also, selling pieces is a common practice in poker, especially in the world of high-stakes tournaments. Players will sell part of the buy-in to investors in return for an equivalent cut of potential winnings.
No matter how much Bonomo actually gets to keep for himself, his latest victory turns what was already an incredible 2018 into the best year any poker player has ever had.