Poker Champ Ryan Riess Apparently Put His Main Event Winnings Into The Stock MarketMain Event Winner Put Big Money Into A Railroad Company |
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After paying taxes and investors, Michigan-native Ryan Riess had about $2 million left from his $8.4 million World Series of Poker main event win last year. According to an interview he recently gave with CNBC, Riess put basically all of it into the stock market.
Riess said his big investments are in Apple, Disney, Facebook and railroad company Union Pacific. When asked why he has invested in Union Pacific, he replied with a smile: “In my opinion, it’s the best railroad in the country.”
“It’s my favorite railroad of them all,” he added.
When prompted by the interviewer, Riess also provided optimism that airline and cruiseline stocks should rebound “once we have [Ebola] under control.”
Despite being a very young poker pro, Riess, 24, has changed dramatically over the past couple of years. He told Card Player before the main event win that he used to “blow money like it grows on the tree in my backyard.” Riess once had a problem playing pit games.
Jay Farber, the man who Riess beat heads-up, said that he was spending at least some of his prize money on a house, a Ferrari and an Aston Martin.
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