Key facts
- Billionaire Teddy Sagi, owner of Camden Market and various tech companies, has allegedly financed Israeli military programs.
- Sagi's prize draw companies, including Rev Comps and BOTB, collect millions from British consumers.
- Donations to Israeli military causes include 1 million shekels for troop transport and over $3 million for a defense ministry scholarship scheme.
- Sagi also owns gambling software company Playtech and Kape Technologies, which operates VPN services.
A report by Novara Media has alleged that British billionaire Teddy Sagi, known for owning Camden Market and various tech companies, has financed Israeli military programs through substantial donations. Sagi, who holds a 69.5 percent stake in Winvia Entertainment Group, which operates prize draw websites like Rev Comps and Best of the Best (BOTB), collects millions from consumers hoping to win prizes.
According to the report, Sagi has made several donations to Israeli military causes, including a 1 million shekel contribution in November 2023 to fund taxi rides for Israeli troops. Prior to this, he reportedly donated over $3 million to an Israeli defense ministry scheme that provided scholarships to discharged soldiers. In 2019, Sagi also offered jobs to Israeli troops during a gala event.
Sagi's business empire includes the gambling software company Playtech, Camden Market in London, and Kape Technologies, which owns several VPN services such as ExpressVPN and CyberGhost. Forbes estimates his net worth at approximately $7.1 billion.
The Novara Media report comes in the context of a UN commission of inquiry report released this week, which found that Israel had committed genocide in Gaza. The commission stated that Israeli forces have killed over 73,000 people and wounded more than 170,000 since October 7, 2023, with a significant number of child casualties.