Molly Bloom’s Net Worth: How Did She Get So Rich?

Molly Bloom is one of the most well-known authors in the United States. She writes books, but she is also a professional speaker and runs her own business. Molly became well-known when her book “Molly’s Game” came out and when she was the host of a high-stakes poker tournament.

Molly Bloom has a fascinating story about how she got started in the world of poker, how she was able to turn her knowledge of the game into a successful business, and how her experience with online poker helped her become a leading figure in the online content industry. Molly Bloom runs her own business and writes books. She wrote Molly’s Game, which is about a woman who ran the most exclusive, high-stakes underground poker game in the world.

This blog will look at Molly Bloom’s journey as a new business owner.

She wasn’t like most business owners, and she wasn’t doing what most business owners do. She was able to make her own way, which is a lesson for all of us.

We can all learn something from her story, which might help us when we start our own businesses.

Table of Contents

Early Life of Molly Bloom 

Net Worth $700 Thousand
Real Name Molly Bloom
Profession Professional Author/ Poker Host
Birth Date 21 April 1978
Origin America
Height 1.65 m

Molly Bloom was born on April 21, 1978, in the US city of Loveland. Larry Bloom is her father, and Char Bloom is her mother. She was also the third child her parents had.

When it comes to Molly’s parents, we can say that they are both experts in their fields. Larry is a professor at Colorado State University and works as a clinical physiologist.

Her mother is a ski and snowboard instructor. Molly’s older brother is a surgeon, and her younger brother plays football for the Philadelphia Eagles, one of the best NFL teams.

molly bloom net worth

Her early years were spent in her hometown, where she also finished her schooling. At first, Molly went to Loveland High School. After she graduated from high school in 1996, she went to the University of Colorado Boulder.

Molly went to college for four years, and at the end of that time, in 2000, she got her Bachelor of Arts in Political Sciences. She started out as a writer and a skier, just like her younger brother.

Personal Life of Molly Bloom 

molly bloom net worth

Molly Bloom and Devin Effinger were in a relationship for many years before they married. The couple married in 2019, and their daughter Fiona was born in February 2022.

Molly Bloom’s Net Worth

Even though Molly Bloom lost everything, she still has a Net Worth of $5 Million. Molly’s earnings were considered illegal and she had to pay fines to get them back. But Molly still had a lot of cash, which was said to be white. Molly wrote a book about her life, and that book was turned into a movie. The movie got an Oscar nomination. She still has the rights to “Molly’s Games,” which are worth $6,000,000. Molly still owns the Viper Room, which is now being used for legal business work.

Also Read: Chumlee Net Worth: How Did He Achieve a Net Worth of $ 5 Million?

Molly has always been a great speaker, and she has also worked as a teacher. She learned how to play poker well and how to make money from it in a legal way. Molly lives in a big house in Los Angeles. Her book, “Molly’s Game,” has been a best seller for two years straight, and the royalties from it are about $9,000,000. Molly owns 40% of a hotel in Los Angeles called Plaza Place. Molly lost a huge amount of cash. But she still used her white money to add to her net worth.

How Did Molly Get So Rich?

We all know that life is full of ups and downs. When the Winter Olympics were held in 1988,

Molly hurt herself during training, which put an end to her skiing career. Then, in 2004, Molly moved to Los Angeles and started a business career. At first, she worked as a bartender in a Los Angeles bar.

After a few years, she met Darin Feinstein, who owned the club The Viper Room. At the same time, she also met actor Tobey Maguire. Molly was interested in poker games because of this. Darin hired her at first to take care of the poker players and run the games. By doing this, she made about $10,000 a year.

molly bloom net worth

Molly’s main job, as we all know, was running poker games. In 2008, she started her own business in this area. She gave it the official name “Molly Bloom Inc.” when she signed up for it. Molly was able to make deals with a lot of catering companies and a few other companies that did similar things.

In a few years, she made as much as $5 to $10 million, and many of the poker games she ran took place in mansions and the most expensive hotels. Molly made about $100,000 in a few months thanks to all of this.

Molly now knows a lot of big stars, like Leonardo DiCaprio, Ben Affleck, Matt Damon, Macaulay Culkin, and many more, because she works in this field.

Molly Bloom’s Arrest

In 2011, a bankruptcy investigation into a Ponzi scheme run by one of the players, Bradley Ruderman, led to the closing of one of Bloom’s games in Los Angeles.

Bloom got money from Ruderman as part of the game. Because of this, she was accused of taking $473,000 from Ruderman’s bank account to pay off his debts and pay her for setting up gambling that was against the law. Bloom, of course, denied these claims and said she had nothing to do with the gambling.

molly bloom net worth

Each of the 40 criminals could have been sent to prison for up to 10 years. The arrest also came with a $1.5 million fine, six years of supervision, and a $200 special assessment.

The next year, Bloom pleaded guilty to a lesser charge, and she was given a year of probation and 200 hours of community service as her punishment.

Final Words

Molly was called the “Poke Princess” because she worked so hard at poker tournaments. Also, this is the title for which she is best known. In the 2000s, when she was a big deal, she started her own business. When the poker tournament comes around, Molly Bloom will always be remembered.

As of 2022, Molly Bloom has a net worth of about $700,000, which is a lot and will continue to grow.