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Australia s latest billionaire flipped burgers at Hungry Jacks as a teenager before transforming his love of video games into a successful tech business. Virtual Gaming Worlds founder Laurence Escalante has joined The List – Australia s Richest 250 for the first time, worth an eye-watering $2.15billion. The coronavirus pandemic was particularly triumphant for the 39-year-old as those in lockdown had more time to play games online, The Australian reported. Mr Escalante s headquarters are in Perth but VGW s revenue comes from outside Australia. The social gaming business, which was founded by Mr Escalante in 2010, made more than a $200million profit last year. Virtual Gaming Worlds founder Laurence Escalante has joined The List – Australia s Richest 250 for the first time, worth an eye-watering $2.15billion ....
A notoriously private entrepreneur with an online sweepstakes business worth almost a billion dollars has upgraded from a bungalow to a $7.5 million apartment. Virtual Gaming Worlds founder Laurence Escalante, 38, bought the four-bedroom apartment in The Prestige complex on South Perth Esplanade last month. Mr Escalante s company made $72million in profit last year, largely from Chumba Casino - which is the only legal online casino in all 50 States of the US. A $7.5million apartment on the exclusive South Perth Esplanade (pictured), which was bought by Virtual Gaming Worlds founder Laurence Escalante last month Mr Escalante s (pictured) company made $72million in profit last year, largely from Chumba Casino - which is the only legal online casino in all 50 States of the US ....