Riccardo Zacconi, is an Italian businessman, best known as CEO of King, a company he founded in 2003. We dont have much information about Hes past relationship and any previous engaged. Chief People Officer Julie Hodges 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 Riccardo is a Trustee and the Founder of PTEN Research. The same year, Zacconi, Knutsson, Markgren, Hartwig and Stymne launched angel investment fund Sweet Capital, together with entrepreneur Christian Dorffer. Angel, Fund of Funds, Venture Capital), Number of Investments the Individual has participated in, Total number of current Jobs the person has, Total number of current Advisors and Board roles the person has, Total number of events the individual appeared in, Number of news articles that reference the Person. 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. He is best known as CEO of King, a video game development company he founded in 2003. Everybody thinks about gamers as guys who are in front of a screen. Job: co-founder, chief executive, KingAge: 46Industry: digital mediaNew entry. We have estimated Riccardo Zacconis net worth, money, salary, income, and assets. Riccardo Zacconi is stepping down as chief executive of King, after more than 16 years leading the Candy Crush games developer. brought And you need to report to the board about this topic, he stated. of those markets? Knutsson told CNBC. Riccardo Zacconi currently owns a total of 1 Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for $69 per month. 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 estimated net worth of Riccardo Zacconi is at least $1 Million dollars as of 2023-08-22. Riccardo's mailing address filed with the SEC is C/O ACTIVISION BLIZZARD, INC., 3100 OCEAN PARK BOULEVARD, SANTA MONICA, CA, 90405. Then I put the rest of my money in August of 2003. But for Morris to make the cash available, his trustees had to give permission and there was no sign of the paperwork coming through. They hoped to make . I think we all came out of the dot-com crash, sort of scrapping around a bit starting a new company. Kings games, which also include Bubble Witch Saga, Farm Heroes Saga and Pet Rescue Saga, had 247 million monthly active users (MAU) as of the third quarter 2019, down from 262 million a year prior according to Activision Blizzards latest results statement. stock. [3], According to the Sunday Times Rich List in 2020, Zacconi is worth an estimated 410 million, an increase of 15 million from the previous year. Riccardo Zacconi Net Worth Any changes made can be done at any time and will become effective at the end of the trial period, allowing you to retain full access for 4 weeks, even if you downgrade or cancel. of 50,308 shares. Riccardo Zacconi is the Chief Executive Officer & King of Activision Blizzard Inc. The most active insiders traders include Brian G Kelly, Vivendi, and Holding I Corp.Vivendi Game. Other King hits include Bubble Witch and Pet Rescue; you can now buy Candy Crush socks. Learn How rich is He in this year and how He spends money? We use nutsson invented the idea for Candy Crush Saga in the bathtub. Above is the net worth, insider trading, and ownership report for Riccardo Zacconi. Also learn how He earned most of networth at the age of 56 years old? Additionally, Riccardo Zacconi has had 4 past jobs including Qualified Case Leader at The Boston Consulting Group. I know Riccardo sort of essentially just lived on a friends couch. in Economics from LUISS University, Italy. Insider trading is most common in June, with the busiest year in 2014. You can see the complete history of Riccardo Zacconi stock trades at the bottom of the page. So, we wouldve had to sign to shut down the company that day, Zacconi said. 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. [5] One of his co-founders was Toby Rowland, uDates former marketing director, and the others were former Spray colleagues Sebastian Knutsson, Riccardo Zacconi's largest purchase order was 16,032 units , worth over This investment adviser does not provide advice to individual investors. Riccardo Zacconi is the co-founder of King, the company behind Candy Crush Saga that was sold for $5.9 billion in 2016. The estimated Net Worth of Riccardo Zacconi is at least Activision Blizzard Inc stock worth over 1,299,720$ and over the last 7 years Riccardo sold ATVI stock worth over 11,797,712$. Best Debt Consolidation Loans for Bad Credit, Personal Loans for 580 Credit Score or Lower, Personal Loans for 670 Credit Score or Lower. In summary, during the past 3 months, insiders sold 0 shares of Activision Blizzard Inc (ATVI) in total and bought 0 shares, with a net Standard Digital includes access to a wealth of global news, analysis and expert opinion. and Peter Wilkinson, CEo of InTechnology. So it was an incredibly fast growth, and it was a real tech bubble kind of story, he said. But the last of the six was our first saga, the Bubble Saga. King's Belgian chief operating officer holds an MBA from France's prestigious Insead, and came to King from the data-centre management business Tideway. Peter J Nolan who bought 13,160 units worth Riccardo Zacconi's largest sale order was 23,069 units , worth over Gurus may be added or dropped from the GuruFocus site at any time. . He had always been curious, a trait he learned from his father. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Riccardo Zacconi Net Worth (2023) | wallmine Activision Blizzard was formed in 2008 by the merger of Activision, one of the largest console video game publishers, and Blizzard, one of largest PC video game publishers. King Digital Entertainment's stock flotation is set to give its biggest shareholders multi-million dollar windfalls, Original reporting and incisive analysis, direct from the Guardian every morning, 2023 Guardian News & Media Limited or its affiliated companies. Riccardo Zacconi. So, you learn after a while that you will always get it done, he said. We recommend you to check the complete list of Famous People born on 11 May. crack Facebook, or we will be out of business, he said. Riccardo Zacconi Net Worth The estimated Net Worth of Riccardo Zacconi is at least $13.1 Million dollars as of 16 August 2018. out, Zacconi told CNBCs The Brave Ones.. Riccardo grew up in Italy, worked in management consulting at LEK and BCG before transitioning into tech at the start of the dotcom boom. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Riccardo Zacconi Net Worth & Insider Trades - Benzinga Angel, Fund of Funds, Venture Capital), This describes the stage of investor this person is (e.g. And its something Overwatch. Zacconi continued as Kings CEO, with Knutsson remaining chief creative officer and Stephane Kurgan its chief operating officer, a role he took up in 2011. You have to match three candies of the same type. But raising money was difficult. And they create a score. We went They look pretty. 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. In 2001, he left Spray and moved to the UK as Entrepreneur in Residence for Benchmark Capital until August 2002 when he became vice president of European sales and marketing at Terrence "Lee" Zehrer's uDate. our central corporate operations provide shared services such as finance, it, sales and supply chain, human resources and legal. That person is Riccardo Zacconi. It was Riccardo Zacconi: king.com looking for growth rather than flotation from a pure money point of view, I didnt make any money, Zacconi recalled. 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. Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. $423.41K on August 20, 2018. Researching And it was this cross-platform strategy that fueled the games success. And it also reached a new type of gamer, according to Mei-Pochtler at BCG. King had net revenues of $2.1bn in 2018, just under a third of . 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. He gives CNBC the inside story of the game that has hit the sweet spot. Riccardo Zacconi Net Worth (2023) | wallmine From 2001 to 2002, he served as Entrepreneur in Residence, sector Venture Capital, Benchmark Capital, London, sold in 2003 . his thesis on how economic principles can be applied to accounting he headed to Germany to study the theories of the economist Eugen Schmalenbach. desktops and mobile devices. Discover Riccardo Zacconi's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Chief Administrative Officer Brian Bulatao Number of Past Jobs 4. 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. Candy Crush Saga was launched online at the start of 2012 and on Facebook later that year. Most of the games before had had jewels, or precious metals, but not things you see in everyday life. Hamburg with a presence in Germany, France, Italy, Sweden, Denmark and Norway. [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. 19,761 shares on August 20, 2018, which 'Candy Crush' developer's chief Riccardo Zacconi steps down But it took more than two years to crack Facebook. Based on the expected flotation price of up to $22.50 (13.60) a share, here is what the shareholders are worth: A self-made millionaire, Morris has chaired King since 2003. Much of King's success was. He was the CEO and co-founder of King.com, a leading mobile entertainment company. Zacconi was born in 1967 in Rome, Italy. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. 1 other named Riccardo Zacconi is on LinkedIn See others named Riccardo Zacconi. There was no option So you can reduce the risk, or reduce the cost, or increase the opportunities 23. Dedication, no matter what the topic, is a lesson for everyone, Fiori said. (modern), 1bn of its games a day are played on mobile, Facebook and King.com. I had a flight booked in the evening to fly back to Italy. Activision Blizzard Inc (ATVI) During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. Riccardo Zacconi was born on 11 May, 1967 in Rome, Italy, is a CEO, King. Riccardo Zacconi's net worth View popular celebrities life details, birth signs and real ages. After leaving university, Zacconi worked as a consultant. Riccardo Zacconi is an Italian businessman, management consultant, and video game developer. Candy Crush Saga was launched by King in November 2012, and by November 2017 it, plus Candy Crush Soda Saga and Candy Crush Jelly Saga had been downloaded 2.73 billion times. I came in with 50 ideas. Discover today's celebrity birthdays and explore famous people who share your birthday. Mr. Riccardo Zacconi is the Founder and serves as Investor at Sweet Capital. [3] Early life And the signed papers with the financing had still not arrived. said of a university event Zacconi spoke at. 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. a net Co-Founder and former CEO of https://t.co/fZkj46LreV, Co-founder Sweet Capital, founder https://t.co/5psr4eUxr1 That $5.9 billion price tag is higher than the sums paid for Marvel and Lucasfilm, which Disney bought for around $4 billion each. Over the past 18 months, King's Riccardo Zacconi says Facebook nearly crushed his company and bought an estimated value of $5.05B worth of shares. We'd love to learn more about your experiences on GuruFocus.com and how we can improve! 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. intraday low of $18.25 and closing at $19. But after rival Zynga launched a competing game on Facebook, it hit King hard. Riccardo Zacconi Net Worth | Age, Height, Weight, Dating And More King Digital Entertainment PLC (BATS:BATS:KING) Q3 2014 Earnings Conference Call November 6, 2014 4:15 AM ETExecutivesAlice Ryder - Investor RelationsRiccardo Zacconi - Chief Executive. We have estimated Riccardo Zacconis income source is mostly from being a successful CEo. Compare Standard and Premium Digital here. After 10 days, I told him, Look, thank you so much. He and his co-founders had put their money into Midasplayer at the start of 2003. company. Edited Today, after 17 years, is my last day at King. GuruFocus.com is not operated by a broker or a dealer. His mother was an artist who escaped the Hungarian Revolution. 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. I killed the other 49. He was reportedly identified as the poster child for Europe's mobile gaming sector. 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News King's Mel Morris, Riccardo Zacconi and Sebastian Knutsson named in UK's Rich List Wealthiest games industry entrepreneurs worth more than 2.2 billion combined View more News People May 13th, 2019 - 10:50am By Craig Chapple, Contributor a net On average, Riccardo trades about 18,114 units every 62 days since 2016. Number of Current Jobs 2. 2004-2023 GuruFocus.com, LLC. King.com CEO Riccardo Zacconi is further away from becoming a billionaire because of his company's . When we were trying to understand how to crack Facebook, we essentially started six different projects in parallel. Riccardo Zacconi made And we did the IPO. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. And the shares became worthless. 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. He places data scientists in each of the small, typically 10-strong teams developing new King games, collating user experience to decide, for example, how difficult to make each successive level. And then they disappear from the field. We will update Riccardo Zacconi's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible. He also serves as a Director and Board Member at Luiss Alumni 4 Growth. . King co-founder Riccardo Zacconi has departed the company after 17 years. Zacconi told CNBC. become his King co-founders. personalising content and ads, providing social media features and to of 40,410 shares made by Daniel Alegre Gain a global perspective on the US and go beyond with curated news and analysis from 600 He invested and shared in the spoils when the site was sold for $150m, using the proceeds to set up King. Riccardo Zacconi owns over 19,761 units of Activision Blizzard Inc stock worth over $1,153,398 and over the last 7 years Riccardo sold ATVI stock worth over $11,797,712. On March 26, 2014, King went public, pricing at $22.50 a share. 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 game itself is easy to start, Zacconi said, but difficult to master. Riccardo Zacconi usually trades in August, with the busiest year in 2016 and 2017. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Riccardo Zacconi was born on 11 May, 1967 in Rome, Italy, is a CEO, King. The contract was signed. And its a shame. At Spray, he met the executives who would later sale And that really took off. It had over 250 million monthly users in the first quarter of 2020 and its franchises include Candy Crush. Riccardos favourite King game used to be Jungle Bubble. Riccardo Zacconi on LinkedIn: Pls join if you are an Italian tech founder Still we are okay, because we have loyal players who will stick with us, Zacconi would tell them. That was his home for two years, almost. King CEO Riccardo Zacconi discusses loot boxes, microtransactions, and work on "Call of Duty" mobile. very much with his empathy for people, she said. n 1999, Zacconi became managing director of Swedish company Spray Network, a Yahoo-like online portal that was riding the dot-com boom. 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. 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. That group was further divided into several teams, each working on new ideas for games on the site. Riccardo Zacconi's largest sale order was 23,069 units , worth over $1.64M on February 21, 2018. and it was reportedly making more than $600,000 a day via in-app purchases. It wasnt until King launched Candy Crush Saga on mobile, that the number of users soared. Still we are profitable. Riccardo Zacconi, chief executive, $698m 31,042,045 shares Ricardo Zacconi. King is the developer of the popular mobile games app Candy Crush Saga. Activision Blizzard, Inc's most recent insider trade came on May 4, 2023 by And one of these ideas was to do online dating. Having joined the board during the hard times in 2010, Florin has stuck around long enough to reap the benefits. Check if your But [5][2], He said he would remain in the King CEO post until July 1, 2019, but would stay the chairman. By the end of the year, we grew from about 20 to 800 people. Discover Riccardo Zacconi's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. The company ran its games on Yahoo and AOL to start with, testing them out on the platforms to see what became popular, and by 2005 it had enough money to buy the domain name King.com from an English teacher named Peter King and rebranded
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