He’s not even 31 yet. Think about that for a second. While most people in their late twenties are still figuring out how to manage a mortgage or a basic 401k, Ed "Eddie" Craven is out here breaking real estate records in Melbourne and buying up Formula 1 teams. If you’ve spent any time on the internet lately, you've definitely seen the name. Whether it’s because of the green logo of Kick.com or the global powerhouse that is Stake.com, the man is everywhere.
But when it's about the money, things get kind of murky. Everyone wants to know the exact number. Is he a billionaire? Yeah, definitely. But how many billions? And is it all just "paper wealth" tied up in crypto?
Honestly, the Eddie Craven net worth conversation is way more complex than just looking at a single figure on a rich list. We're talking about a guy who turned a childhood obsession with Runescape into a gambling and streaming empire that literally rivals Amazon and Twitch. It’s a wild ride.
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The Billion-Dollar Breakdown
As of early 2026, most reputable sources, including the latest Forbes and Financial Review data, peg Eddie Craven’s net worth at approximately $2.8 billion USD (which translates to over $4.2 billion AUD depending on the day's exchange rate).
He’s consistently ranked as one of the youngest self-made billionaires on the planet. To put that in perspective, he’s in the same bracket as guys like Alexandr Wang from Scale AI. He isn't just "rich for his age." He is one of the wealthiest people in Australia, period.
Where does it all come from? It’s not just one thing. It's a massive, interconnected web of companies under the Easygo umbrella.
- Stake.com: The "crown jewel." This is the world’s largest cryptocurrency casino. In 2024, the platform reportedly pulled in a staggering $4.7 billion in gross gaming revenue.
- Kick.com: The streaming platform he launched to take on Twitch. While Kick is likely still a "loss leader" (meaning it costs a lot to run), its valuation adds billions to his theoretical net worth.
- Easygo Gaming: The software house in Melbourne that actually builds the tech.
How a 12-Year-Old Gamer Built an Empire
You’ve gotta love the origin story because it's so "internet era." Eddie didn't start in a boardroom. He met his business partner, Bijan Tehrani, online while playing Runescape. They were just kids.
They started by experimenting with in-game gold gambling. Basically, they saw that people wanted to bet their virtual currency, and they provided the platform to do it. That was the "lightbulb" moment. They realized that the house always wins, but if you build a house that people actually like hanging out in, you win even bigger.
By the time they launched Stake in 2017, they were already ahead of the curve on Bitcoin. While traditional banks were still scratching their heads over what a "blockchain" was, Eddie was already processing millions in crypto bets.
The Drake Effect and Marketing Genius
A huge part of why that net worth number exploded so fast is marketing. They didn't do boring TV ads. They went for the throat of pop culture.
- Drake: The partnership with the Canadian rapper is legendary. Seeing Drake drop $20 million on a virtual roulette wheel while hundreds of thousands of people watch live? That's marketing you can't buy on a billboard.
- Everton FC & F1: Stake’s name is on the jerseys of Premier League teams and they own the naming rights to the Stake F1 Team Kick Sauber. That’s a US$100 million deal right there.
- The 95-5 Split: When they launched Kick, they offered streamers a 95% revenue share. Twitch was taking 50%. It was a massive, expensive gamble to steal market share, and it worked.
The Real Estate: More Than Just a Roof
If you want to see what Eddie Craven net worth looks like in bricks and mortar, look no further than Toorak, Melbourne. In 2022, he dropped $80 million on a "ghost mansion" (a derelict site on St Georges Road). Then, he reportedly spent tens of millions more to gut it and build what is slated to be Australia’s most expensive home.
We are talking about a property that, once finished, could be valued at over $150 million. It’s got everything: subterranean cardio rooms, basketball courts, and even dedicated "dog wash rooms." It’s the kind of flex that only a billionaire under 30 can pull off without looking like they're trying too hard.
Is the Wealth "Real" or Just Crypto Volatility?
This is what most people get wrong. They assume that because Stake is a "crypto casino," Eddie's wealth is just a bunch of volatile Bitcoin sitting in a digital wallet.
That’s not really the case anymore.
His wealth is diversified. He’s got hundreds of millions in hard real estate. He’s got Easygo Solutions, which reported a net profit of over $200 million recently. He’s also been moving into traditional finance, picking up a significant stake in the ASX-listed bookmaker PointsBet. He’s transition from "crypto kid" to "institutional mogul" right before our eyes.
Facing the Critics
It hasn't been all private jets and skydive clips (though there are plenty of those). Being the face of the world's biggest crypto casino comes with a massive target on your back.
Regulators in the US, UK, and Australia have been circling for years. Because Stake operates primarily in grey markets with offshore licenses (like Curacao), there’s always a risk that a change in international law could wipe out a chunk of the business overnight.
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Plus, there’s the ethical debate. Gambling is a polarizing industry, and crypto gambling even more so. Eddie’s response? He usually points to the tech. He sees himself as a tech founder first, a gambler second. He’s focused on the "user experience" and the "community," which is very Silicon Valley of him.
What's Next for the Stake King?
The trajectory doesn't seem to be slowing down. While the "easy money" era of 2021 is over, Stake and Kick have managed to survive the "crypto winter" and come out stronger.
The next big move? Likely an IPO or a massive sale of Kick if they can ever get it to turn a consistent profit. If Kick manages to actually dethrone Twitch, Eddie’s net worth won't just be $2.8 billion—it’ll be ten times that.
Key Takeaways for the Curious:
- Watch the Equity: Most of his wealth isn't in a bank account; it's the 33% to 50% ownership he maintains in his various companies.
- Follow the Real Estate: His shift into Melbourne’s ultra-prime property market is a classic move to "lock in" gains from the volatile world of crypto.
- Monitor Kick's Growth: The streaming platform is the "X-factor." If it scales, his net worth enters the stratosphere.
To truly understand Eddie Craven's financial standing, stop looking at him as a gambler. Look at him as a software architect who figured out how to gamify the entire internet.
Next Steps for You:
If you're looking to track the movement of wealth in the tech and gaming sectors, keep an eye on the Australian Financial Review (AFR) Young Rich List and Forbes’ Real-Time Billionaires. These sources provide the most frequent updates on private equity valuations that drive the net worth of founders like Craven. You can also monitor the ASIC filings for Easygo Entertainment to see the actual profit-and-loss statements that back up these billion-dollar estimates.