Fedor Holz retired from poker in 2016, but still shows up to play in certain high-stakes tournaments. Instead of playing cards for a living for the rest of his life, he’s now investing his time (and money) in business ventures, including his most recent purchase of eSports teams.
The German-born poker player is now the minority owner of Envy Gaming, an eSports company that owns Team Envy and the Dallas Fuel of the Overwatched League.
Holz joined the Envy Gaming team earlier this year and has been a co-owner since the start of Q2 2017, but he hadn’t announced the investment decision until recently on Twitter. The poker pro appears ecstatic to join the eSports community.
He even wore a Team Envy jersey during his run to the 2016 WSOP One Drop High Roller title, his first career bracelet. Perhaps, winning the tournament for nearly $5 million was a sign he had to invest in his new good luck charm.
Poker Pro Chats with Sports Media Giant
Holz was recently interviewed by Jacob Wolf, a staff writer at ESPN.com. He shared details on why a poker pro would invest his money in an eSports company.
“I like to invest in things that I’m emotionally connected to it, because I feel that I contribute the most but I also get the most out of it,” he said in the interview. “I like Envy, I like to watch, I like the way they build their infrastructure and team, take care of their players. And it was just a corporation I wanted to be a part of in some way.”
This isn’t his first business venture. Fedor is the cofounder of a mindset coaching platform called Primed Mind. This is an app that helps individuals such as athletes learn how to get in the right mindset to perform at the highest level.
Holz said the players on his eSports teams will benefit from the Primed Mind training courses.
“Talking to these players and seeing them myself, a lot of them still struggle with their mindset because they’re really young and the pressure starts really early,” he said.
The Poker Pro
Holz knows all about the pressure of performing at a high-level at a young age. He’s just 24-years-old and already has surpassed the $26 million in lifetime live tournament winnings. And that doesn’t even include the millions he’s won playing in high-stakes cash games and online.
He won his first and (so far) only bracelet in the 2016 $111,111 One Drop High Roller. That same summer, he picked up a total of three seven-figure cashes. The other two were the $300,000 Aria Super High Roller Bowl (2nd place, $3.5 million) and 1st place in a $50,000 EPT Super High Roller for $1.47 million.
After that EPT event, he decided to “retire,” but still competes in some tournaments and cash games. He had a massive lead in the 2016 GPI Player of the Year standings following his memorable summer. But, thanks to only competing in a few events the rest of the year, he lost out to David Peters in late December.