The poster boy for the European gaming industry, Riccardo Zacconi's King is behind Candy Crush Saga, the most popular game on the world's biggest social networking site, Facebook. Hamburg with a presence in Germany, France, Italy, Sweden, Denmark and Norway. a net his own master and not to have to report to others, Zacconi said. And it also reached a new type of gamer, according to Mei-Pochtler at BCG. Riccardo Zacconi owns over 19,761 units of Activision Blizzard Inc stock worth over $1,274,089 and over the last 7 years Riccardo sold ATVI stock worth over $11,797,712. His first career role was as a consultant during a two year long stint at LEK consulting, between 1991 and 1993. The most active insiders traders include Brian G Kelly, Vivendi, and Holding I Corp.Vivendi Game. And by the end of November, we had already achieved the entire plan for the following year.. He was knighted by the Italian President in December 2016 with the title of Commendatore dell'Ordine della Stella d'Italia. He also serves as a Director and Board Member at Luiss Alumni 4 Growth. And it was this cross-platform strategy that fueled the games success. 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. He is currently single. (modern), 1bn of its games a day are played on mobile, Facebook and King.com. Zacconi told CNBC. The company ran its games on Yahoo and AOL to start with, testing them out on the platforms to see what became popular, and by 2005 it had enough money to buy the domain name King.com from an English teacher named Peter King and rebranded Then one investor gave Midasplayer a lifeline: Zacconis former boss Mel Morris, the founder of uDate. Riccardo Zacconi - Wikipedia But the company wasnt profitable enough to survive long term and was sold to Lycos in 2000. He left school at 16 and by 20 was earning a living as a management consultant. [3], According to the Sunday Times Rich List in 2020, Zacconi is worth an estimated 410 million, an increase of 15 million from the previous year. King Digital Entertainment, the British and Swedish games studio behind smartphone hit Candy Crush, will be valued at $7bn when it begins trading on the New York Stock Exchange on Wednesday, as investors show a renewed appetite for technology firms. King co-founder Riccardo Zacconi has departed the company after 17 years. iccardo Zacconis business nearly went bankrupt in 2003. King.com Co-founder & CEO Feb 2003. Peter J Nolan who bought 13,160 units worth just before Christmas and they needed to find the money before the holidays, or they would have to shut the company down. Number of Current Jobs 2. It had over 250 million monthly users in the first quarter of 2020 and its franchises include Candy Crush. That person is Riccardo Zacconi. His first career role was as a consultant during a two year long stint at LEK consulting, between 1991 and 1993. They were in charge at a pivotal moment in history when Riccardo Zacconi was born. And we did the IPO. 1,619 Followers, 298 Following, 39 Posts - See Instagram photos and videos from Riccardo Zacconi (@riccardozacconi) Patrik Stymne, Thomas Hartwig and Lars Markgren. He gives CNBC the inside story of the game that has hit the sweet spot for millions around the world. And you have a limited period of time. He had always been curious, a trait he learned from his father. Riccardo Zacconi Net Worth The estimated Net Worth of Riccardo Zacconi is at least Activision Blizzard Inc stock worth over $1,043,128 and over the last 6 years Riccardo sold ATVI stock worth over $11,797,712. The fascinating story behind the explosive success of Candy Crush Who are the Candy Crush millionaires? | IPOs | The Guardian offers FT membership to read for free. It appears not. How do you build a team that strong? We were the key partner of Yahoo and games, he said. Riccardo Zacconi | King Digital Entertainment - European CEO Photograph: /PR, Toby Rowland, King Digital co-founder. And I felt lets base it on candy. He is from Italian. King.com CEO Riccardo Zacconi Explains Why The Future Of Social Gaming Also learn how He earned most of networth at the age of 53 years old? BORN 1968, Italy. Riccardo Zacconi is stepping down as chief executive of King, after more than 16 years leading the Candy Crush games developer. The same year, Zacconi, Knutsson, Markgren, Hartwig and Stymne launched angel investment fund Sweet Capital, together with entrepreneur Christian Dorffer. Family & Early Life Riccardo Zacconi was born in the United States of America. $1.64M on February 21, 2018. Chief People Officer Julie Hodges Previously, Riccardo served as vice president of European Sales and Marketing at uDate.com Ltd., an online dating service, and was involved in driving market penetration and partnerships until the company was acquired by InterActive Corporation in 2002. And I really loved that he thought about girls in front of a mobile phone or a smartphone. Zacconi moved to the UK in 2001 to look for digital investments, and by 2002 had been persuaded to join uDate. Being in Germany proved fruitful as he was approached by management consultancy firm LEK, which led to a role at Boston Consulting Group (BCG) and then to a job at online portal Spray Network. 'Candy Crush' Creator on Loot Boxes, 'Call of Duty' Mobile Riccardo Zacconi is the Chief Executive Officer & King of Activision Blizzard Inc. And thats the year where Facebook also started growing massively. In addition, Riccardo has been an entrepreneur-in-residence at Benchmark Capital Partners, a Qualified Case Leader at The Boston Consulting Group, Inc. and a consultant at LEK Consulting LLP. , Bits & Pretzels - The Founders Festival 2016, Unicorns Unite 100 unicorn founders back Firstminute Capital, King co-founder and chairman Riccardo Zacconi has left the company, Former King chairman Mel Morris tops the 2020 UK gaming rich list, King CEO Riccardo Zacconi steps down after 16 years, King's Mel Morris, Riccardo Zacconi and Sebastian Knutsson named in UK's Rich List. the CEO, King of Activision Blizzard Inc and owns about 14,083 shares of Activision Blizzard Inc (ATVI) stock worth over $1 Million. Zacconi split King into two, assigning half the company to experimenting on Facebook. and other data for a number of reasons, such as keeping FT Sites reliable and secure, Zacconi was born in 1967 in Rome, Italy. The estimated Net Worth of Riccardo Zacconi is at least $13 Million dollars as of 16 August 2018. That $5.9 billion price tag is higher than the sums paid for Marvel and Lucasfilm, which Disney bought for around $4 billion each. And so, we could continue, he added. Riccardo's mailing address filed with the SEC is C/O ACTIVISION BLIZZARD, INC., 3100 OCEAN PARK BOULEVARD, SANTA MONICA, CA, 90405. But after rival Zynga launched a competing game on Facebook, it hit King hard. and 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.. Dubsmash is a video-sharing social media service application. from a pure money point of view, I didnt make any money, Zacconi recalled. I killed the other 49. Details can be seen in Riccardo Zacconi's Latest Holdings Summary section. His parents ran a denim brand and retail chain, and his sister has her own clothing company. Still we are okay, because we have loyal players who will stick with us, Zacconi would tell them. Riccardo Zacconi currently owns a total of 1 Riccardo Zacconi around $1 Million. Riccardo Zacconi (@riccardozacconi) Instagram photos and videos 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. nutsson invented the idea for Candy Crush Saga in the bathtub. That group was further divided into several teams, each working on new ideas for games on the site. 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. Riccardo Zacconi is The people are not stupid. 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. university And it really made the game stand out in the market, Knutsson told CNBC. They hoped to make . He is a member of famous CEo with the age 56 years old group. One of his roles during this time included a six-year period as project manager at Boston Consulting Group, between 1993 and 1999. said of a university event Zacconi spoke at. But the last of the six was our first saga, the Bubble Saga. Its a great opportunity. InTechnology. Fundamental company data provided by Morningstar, updated daily. And the shares became worthless. Riccardo Zacconi | LinkedIn I know Riccardo sort of essentially just lived on a friends couch. Now, that figure is more than 5,000. His mother and father did not come from a wealthy family. There was a massive question from the markets in terms of will the game still be there in a few years from now? Activision Blizzard Inc (ATVI)'s detailed insider trading history can be found in Insider Trading Tracker table. Simply log into Settings & Account and select "Cancel" on the right-hand side. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. You need to tell them how things are, and not to tell them a beautiful story of how things could be and 2004-2023 GuruFocus.com, LLC. Robert A Kotick, Chief Executive Officer, A keen gamer himself, his vivid designs are inspired by the multicoloured, flashing and bleeping arcade games of the last century, from Pac-Man to Space Invaders and Tetris. According to our Database, He has no children. 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 that everybody sees. Its typical investment is between $500,000 and $1.5 million, for which it takes So, he approached Mel Morris, founder of website uDate, with the idea that Benchmark would invest in Morriss Learn How rich is He in this year and how He spends money? Enjoy a 7-Day Free Trial Thru Aug 29, 2023! We launched the game in November 2012. Candy Crush developer chief Riccardo Zacconi steps down And it has to do We will update Riccardo Zacconi's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible. Toby Rowland co-founded King with Morris and Zacconi and was co-chief executive until 2008, but he sold his shares in 2011, just months before the company launched its first hit Facebook game. . on, we decided to focus and do more sagas on Facebook.. On November 3, 2015, gaming giant Activision Blizzard announced it would acquire King for $18 in cash per share, valuing the company at $5.9 billion, which was a premium of 16% on Kings closing price that day. Riccardo Zacconi has 2 current jobs as Co-founder & CEO at King.com and Co-Founder and Shareholder at Sweet Capital. San Francisco Bay Area, Silicon Valley), This describes the type of investor the person is (e.g. 1 other named Riccardo Zacconi is on LinkedIn See others named Riccardo Zacconi. You might contact Riccardo Zacconi via mailing address: C/o King Digital Entertainment Plc, 10th Fl., 1 St. Giles High St., London X0 Wc2h 8ag. His 40m shares were sold back to King for a mere $3m, according to data from PrivCo. Italian businessman, management consultant, and video game developer Riccardo Zacconi is best known as the CEO of King, a video game development company he founded in 2003. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. King is the developer of the popular mobile games app Candy Crush Saga. We will update Riccardo Zacconis Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible. He has since grown the company into one of the most successful mobile gaming businesses worldwide. King's Riccardo Zacconi says Facebook nearly crushed his company 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. We have estimated Riccardo Zacconis net worth, money, salary, income, and assets. crack Facebook, or we will be out of business, he said. a net 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.
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