of 50,308 shares. After 10 days, I told him, Look, thank you so much. 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. Riccardo Zacconi Net Worth & Insider Trades - Benzinga As of 16 August 2018 Riccardo still owns at least 14,083 units of Activision Blizzard Inc stock. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for $69 per month. 1,619 Followers, 298 Following, 39 Posts - See Instagram photos and videos from Riccardo Zacconi (@riccardozacconi) We will update Riccardo Zacconi's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible. And there is always a presentation. Zacconi is now the companys chair, and earned around $19.8 million in 2018, including bonuses and stock option awards. Zacconi's 36 million shares in King would later be worth almost 517m when the company went to the New York Stock Exchange in March 2014. In the last 20 years, insiders at Activision Blizzard, Inc have sold an estimated value of $20.63B sale desktops and mobile devices. Europe Acquired Companies With More Than 50 Employees (Top 10K), Mobile Acquired Companies With More Than 100 Employees, Mobile Acquired Companies With Fewer Than 1000 Employees, Europe Companies With More Than $100M in Revenue (Top 10K), Europe Companies With More Than $500 in Revenue, Number of portfolio companies associated to the Person, The organization associated to the person's primary job, Where the person is located (e.g. His mother and father did not come from a wealthy family. And I got this from him. That $5.9 billion price tag is higher than the sums paid for Marvel and Lucasfilm, which Disney bought for around $4 billion each. All Rights Reserved. 56. Riccardo Zacconi | MediaGuardian 100 2013 | The Guardian Gain a global perspective on the US and go beyond with curated news and analysis from 600 Riccardo Zacconi, the urbane Italian at its helm, met its co-founders when he was chief executive of the German unit of a fledgling news, search and email portal called Spray. Prior to founding King, Riccardo Zacconi and Toby Rowland, the latter of whom is the only son of British businessman Tiny Rowland, had worked together on uDate.com, a dating website created by Melvyn Morris which, by 2003, was the second-largest such site in the world. He gives CNBC the inside story of the game that has hit the sweet spot. And suddenly, we heard that a fax was coming through. Then I put the rest of my money in August of 2003. of those markets? Knutsson told CNBC. Riccardo Zacconi (@riccardozacconi) Instagram photos and videos cookies Premium access for businesses and educational institutions. A Division of NBCUniversal. His first career role was as a consultant during a two year long stint at LEK consulting, between 1991 and 1993. This was the idea which was the best. Riccardo Zacconi is I always had in myself the need to become an entrepreneur and to have my own thing. itself the same year. [2] On May 26, 2019, Zacconi announced he was stepping down as CEO of King. Riccardo Zacconi's largest sale order was 23,069 units , worth over Antonella Mei-Pochtler, a senior advisor at BCG and Zacconis former colleague, said they worked well together because they had a passion for consumer goods. $1.64M on February 21, 2018. Riccardo's mailing address filed with the SEC is C/O ACTIVISION BLIZZARD, INC., 3100 OCEAN PARK BOULEVARD, SANTA MONICA, CA, 90405. He worked in the US before returning to his home town of Derby, where he started a handful of businesses including a hardwood flooring company, a Spanish property group and a dating agency. director & Chief Executive Officer Robert A Kotick We were really destroyed. no insider transaction in Activision Blizzard Inc (ATVI). Riccardo Zacconi made 23. King's urbane Italian chief executive was born in Rome, where he studied economics, and started his career at Boston Consulting. And it really made the game stand out in the market, Knutsson told CNBC. 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. He is currently single. He attended Libera Universit Internazionale degli Studi Sociali Guido Carli in Rome from where he graduated in 1993 with a Bachelor's degree in economics. Riccardo Zacconi Net Worth (2022) | wallmine NZ Riccardo Zacconi - Co-founder & CEO @ King.com - Crunchbase He was reportedly identified as the poster child for Europe's mobile gaming sector. For both managing the shareholders, the board, and for managing the team, the best thing is transparency. Europe, Menlo Park, China), Where the person is located (e.g. For a full comparison of Standard and Premium Digital, click here. of 13,160 shares made by Peter J Nolan analyse how our Sites are used. But its stock fell more than 15% on its first day, hitting an You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. And they managed to rebuild their existence from nothing. that everybody sees. Zacconi studied economics at Luiss University in Rome, because he had no idea what he wanted to do as a career. He holds a B.A. He took the job and uDate was soon sold to Match.com owner USA Interactive (now InterActiveCorp) for a The IPO was not a very easy one. of 12,884 shares made by Jesse Yang In the last 2 years at Activision Blizzard, Inc, Riccardo Zacconi has sold an estimated value of $12.84M worth. I would say to all my students: Guys, if you have a task, if you have a job to do, no matter if you like it or not, you have to do it., During his time as a management consultant, Zacconi learned that nothing is impossible.. a net Zacconi moved to the UK in 2001 to look for digital investments, and by 2002 had been persuaded to join uDate. 2019 Riccardo Zacconi, is an Italian businessman, best known as CEO of King, a company he founded in 2003. I was trying to keep all my options open and I thought economics would give me the opportunity to do so, he said. Chief People Officer Julie Hodges And Riccardo Zacconi Net Worth The estimated Net Worth of Riccardo Zacconi is at least $13.1 Million dollars as of 16 August 2018. 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. 1 other named Riccardo Zacconi is on LinkedIn See others named Riccardo Zacconi. Riccardo Zacconi on LinkedIn: Today, after 17 years, is my last day at It got to Christmas Eve and Zacconi thought he would have to abandon the business. Others named Riccardo Zacconi. It was 3,011 followers. 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. Zacconi cashed in, making about 350,000 ($449,000) from the sale, he told CNBC. Riccardo Zacconi | LinkedIn You start a project with a question, which is often a completely new area for you, something you have never done before. Sort of, How do you grow a business? Now, that figure is more than 5,000. 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. King (company) - Wikipedia out, Zacconi told CNBCs The Brave Ones.. Riccardo Zacconi CV. Riccardo Zacconi's largest purchase order was 16,032 units, worth over $423.41K on August 20, 2018. How do you build a team that strong? Riccardo Zacconi around $1 Million. Investor Riccardo was a co-founder of King and continued to serve as company Chairman until 2020, having served as CEO from 2003 until 2019. But, nevertheless we actually worked on long-term games, developing games which would be innovative which takes more time. (modern), 1bn of its games a day are played on mobile, Facebook and King.com. Most of the games before had had jewels, or precious metals, but not things you see in everyday life. And you have a limited period of time. Like his co-founders, Hartwig cut his teeth at Spray. personalising content and ads, providing social media features and to We dont have much information about Hes past relationship and any previous engaged. [1] King is the developer of the popular mobile game app Candy Crush Saga. Looking for visionary Italian startup founders with a global vision We are now live with the II edition of the Italian Founders Office Hours + an exciting new educational series: The Masterclass Last year our Office Hours had 550+ applications rolling in, over 50 international . . I was physically on the floor, sitting on the floor with my co-founder. And it has to do King co-founder Riccardo Zacconi has departed the company after 17 years. The business was saved, and eventually went on to become one of the worlds most successful gaming companies, with Candy Crush Saga making $258 million in the third quarter of 2019 alone according to data from consultancy Sensor Tower. nutsson invented the idea for Candy Crush Saga in the bathtub. offers FT membership to read for free. He had to manage his child life to make a struggle for covering the educational expenses. You can still enjoy your subscription until the end of your current billing period. Co-Founder and former CEO of https://t.co/fZkj46LreV, Co-founder Sweet Capital, founder https://t.co/5psr4eUxr1 19,761 shares on August 20, 2018, which So, you learn after a while that you will always get it done, he said. He told everyone that one of the reasons (for) his success was the thesis that he did with me, Fiori reported $150 million in stock. King.com CEO Riccardo Zacconi Explains Why The Future Of Social Gaming King.com Co-founder & CEO Feb 2003. Riccardo Zacconi's largest sale order was 23,069 units , worth over $1.64M on February 21, 2018. And by the end of the month, the game skyrocketed. Another co-founder, Hartwig is the brains behind King's data strategy, harvesting information from the 1.4bn game plays a day to hone each product from its testing phase on the King.com website through to its launch as a standalone smartphone app. He is best known as CEO of King, a video game development company he founded in 2003. Riccardo Zacconi is the co-founder of King, the company behind "Candy Crush Saga" that was sold for $5.9 billion in 2016. We don't have much information about He's past relationship and any previous engaged. iccardo Zacconis business nearly went bankrupt in 2003. Knutsson co-founded Spray, where he met Zacconi. If someone doesnt manage to get through a level, they lose one life, and once theyve lost all five, players have to either wait 20 minutes for the game to restart, or pay 99 cents. The most-recent trade in Activision Blizzard Inc is the Because he always said that for him, the key thing was to be Family & Early Life Riccardo Zacconi was born in the United States of America. My life is a series of points of chance, which built the next point. I had a flight booked in the evening to fly back to Italy. So that was a tough period for all of us, I think.. Riccardo Zacconi departs King after 17 years | GamesIndustry.biz Learn How rich is He in this year and how He spends money? Riccardo Zacconi Investor Profile: Portfolio & Exits | PitchBook sale Sunday Times Rich List features nine video games multi-millionaires 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 In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. He gives CNBC the inside story of the game that has hit the sweet spot for millions around the world. Click here to see the complete history of Riccardo Zacconis form 4 insider trades. On March 26, 2014, King went public, pricing at $22.50 a share. Giovanni Fiori, professor, Luiss University, with Candy Crush Saga making $258 million in the third quarter of 2019 alone, had 247 million monthly active users (MAU) as of the third quarter 2019, down from 262 million a year prior, soon sold to Match.com owner USA Interactive, Candy Crush Saga was downloaded more than half a billion times, King went public, pricing at $22.50 a share, Activision Blizzard announced it would acquire King. become his King co-founders. They hoped to make . 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. Dedication, no matter what the topic, is a lesson for everyone, Fiori said. Riccardos favourite King game used to be Jungle Bubble. Italian Zacconi moved to London to work in technology in 2001, co-founding King, which is backed by Apax Partners and Index Ventures, two years later. Compare Standard and Premium Digital here. Then one investor gave Midasplayer a lifeline: Zacconis former boss Mel Morris, the founder of uDate. 2009 is the year when (Kings rival) Zynga launched a game, which became incredibly popular, called Farmville. Photograph: /PR, Toby Rowland, King Digital co-founder. King had net revenues of $2.1 billion in 2018, just under a . King's Mel Morris, Riccardo Zacconi and Sebastian Knutsson named in UK And it also reached a new type of gamer, according to Mei-Pochtler at BCG. They were in charge at a pivotal moment in history when Riccardo Zacconi was born. and And I felt lets base it on candy. He was reportedly identified as the poster child for Europe's mobile gaming sector. On average, Activision Blizzard Inc executives and independent directors trade stock every 27 days with the average trade being worth of $67,978,310. equity of between 5% and 20%, according to a Fortune report. to achieve a minimum score. The estimated Net Worth of Riccardo Zacconi is at least Activision Blizzard Inc stock worth over 1,299,720$ and over the last 7 years Riccardo sold ATVI stock worth over 11,797,712$. Researching Candy Crush developer chief Riccardo Zacconi steps down Insiders are limited to only officers and/or directors of the company. this idea came because when we were (at) Spray one of the many products we developed was online dating, Zacconi told CNBC. Riccardo Zacconi was born on 11 May, 1967 in Rome, Italy, is a CEO, King. King Digital Entertainment's CEO Riccardo Zacconi on Q3 2014 Results Before that, he was managing director for Spray Network GmbH an online portal based in. We spent $100 million in a relatively short period of time. He was the CEO and co-founder of King.com, a leading mobile entertainment company. From 2001 to 2002, he served as Entrepreneur in Residence, sector Venture Capital, Benchmark Capital, London, sold in 2003 . And so, between April of 2009 and a year later, Facebook impacted one Its a great opportunity. The first one is, you never give up. Riccardo Zacconi net worth Jul, 2023 - People Ai Who are the Candy Crush millionaires? | IPOs | The Guardian 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 . Shares in the company behind the wildly popular smartphone game Candy Crush will fluctuate wildly when they begin trading, but it is clear that King's biggest shareholders will suddenly be very rich. Enjoy a 7-Day Free Trial Thru Aug 29, 2023! The combined firm remains one of the world's largest video game publishers. Riccardo Zacconis income source is mostly from being a successful CEo. The most active insiders traders include Brian G Kelly, Vivendi, and Holding I Corp.Vivendi Game. 'Candy Crush' Creator on Loot Boxes, 'Call of Duty' Mobile Morris netted 20m and spent part of the money buying a stake in his beloved Derby County football club and part of it establishing King. Riccardo Zacconi currently owns a total of 1 We had a few mediocre games that we were quite happy with. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. Zacconi's timing looks better with King. Stymne is not on the board, but he is named as a co-founder. It had over 250 million monthly users in the first quarter of 2020 and its franchises include Candy Crush. and other data for a number of reasons, such as keeping FT Sites reliable and secure, 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. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. 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 Sign up for free newsletters and get more CNBC delivered to your inbox. Patrik Stymne, Thomas Hartwig and Lars Markgren. 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. . Riccardo Zacconi owns 14,083 shares of Activision Blizzard Inc (ATVI) as of August 20, 2018, with a value of $1 Million. King had revenues of $2.1 billion in the fiscal year which ended September 2015, and in November that same year Activision Blizzard announced it would acquire King for $5.9 billion, in an effort to reach mobile gamers. Riccardo Zacconi has 2 current jobs as Co-founder & CEO at King.com and Co-Founder and Shareholder at Sweet Capital. 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. GuruFocus.com is not operated by a broker or a dealer. Candy Crush Saga is free to play, and gamers are assigned five lives. Riccardo Zacconi is an Italian businessman, management consultant, and video game developer. And it was this cross-platform strategy that fueled the games success. his thesis on how economic principles can be applied to accounting he headed to Germany to study the theories of the economist Eugen Schmalenbach. and it was reportedly making more than $600,000 a day via in-app purchases. The company was sold soon after for $150m and merged with Match.com. out at a valuation of over $7 billion. (We had an) understanding (of) what really moves people, and for creativity and Got a confidential news tip? Learn How rich is He in this year and how He spends money? He's guided the company through the many phases of online gaming (desktop, Facebook, mobile, and more), taking King public and eventually selling it to gaming . And so, what I learned from her were Something people naturally are attracted to. Having joined the board during the hard times in 2010, Florin has stuck around long enough to reap the benefits. The Soho-based social gaming company is beating Farmville creator Zynga at its own game by coming up with ludicrously addictive challenges to fill in the moments of our day when we have nothing better to do than look at our phone. He left school at 16 and by 20 was earning a living as a management consultant. According to our Database, He has no children. Knutsson was chief creative officer, Hartwig took on the role of vice president of engineering, Stymne was chief systems architect and Markgren was managing director. Above is the net worth, insider trading, and ownership report for Riccardo Zacconi. Its just bringing all the experience weve had over these past 20 years to the founders, not just capital. One of the technical brains behind King, he designed the company's IT system having previously worked alongside Knutsson at Lycos, the digital advertising agency Razorfish and Spray. All rights reserved. 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. At 54 years old, Riccardo Zacconi height not available right now. Riccardo Zacconi, chief executive, $698m 31,042,045 shares Ricardo Zacconi. In 2003, he co-founded King, then known as Midasplayer, with some of the money from the uDate sale. He was a Co-Founder and served as Chairman of King Digital Entertainment. Other transactions such as conversion of derivative security or exercise of options are not included. Riccardo Zacconi - Wikipedia Riccardo Zacconi is an Italian businessman, management consultant, and video game developer. said of a university event Zacconi spoke at. So we bought a new fax machine.

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