Fund manager David Einhorn of Rye scored big Tuesday for charity.
He finished third in the Big One For One Drop poker tournament in the World Series of Poker, winning $4.3M for the charity City Year, an organization pushing to keep kids in school and on track to graduation.
The co-founder of Greenlight Capital made it to the final eight in the No Limit Texas Hold’em tournament in Las Vegas. Antonio “the Magician” Esfandiari, a former magician, was the winner in the event, capturing $18.3M – billed by the tournament as the richest prize in poker history.
Einhorn is no stranger to high-stakes poker. He came in 18th in the 2006 Main Event Championship. Back then, he donated his $600,000 prize to the Micheal J. Fox Foundation. In additoin to being Greenlight's board chairman, he serves on the boards of Hillel: The Foundation for Jewish Campus Life, The Michael J. Fox Foundation for Parkinson’s Research, and the Robin Hood Foundation.
The Big One for One Drop featured 48 millionaires and required a $1M buy-in, playing over three days. The event guaranteed players a return of at least $1.2M each.
One Drop fights poverty worldwide by supporting access to drinking water.
To win the tournament, the 33-year-old Esfandiari of the United States beat 25-year-old British professional Sam Trickett. Trickett bet all his chips and lost on the final hand.
The finish line:
1st: Antonio Esfandiari - $18,346,673
2nd: Sam Trickett - $10,112,001
3rd: David Einhorn- $4,352,000
4th: Phil Hellmuth - $2,645,333
5th: Guy Laliberte - $1,834,666
6th: Brian Rast - $1,621,333
7th: Bobby Baldwin - $1,408,000
8th: Richard Yong - $1,237,333