Shalom Meckenzie founded SBTech, became a billionaire in the DraftKings merger and now runs Amp. See his $1.6B Forbes net worth, stake history and career.
Shalom Meckenzie is the Israeli entrepreneur who founded the betting software company SBTech in 2007 and became a billionaire when it merged with DraftKings in 2020. Forbes estimated his net worth at $1.6 billion as of June 2026, up from $1.3 billion in April 2025, according to Wikipedia's summary of Forbes. He later founded Amp, an AI-coached home strength-training company.
Who is Shalom Meckenzie at a glance?
| Item | Detail | Source |
|---|---|---|
| Known for | Founder of SBTech and 10bet; founder of Amp; DraftKings director | Wikipedia |
| SBTech | Founded in 2007; Isle of Man-based; merged with DraftKings in 2020 | Forbes, Forbes Argentina |
| Net worth | $1.6 billion in June 2026; $1.3 billion in April 2025 (Forbes) | Wikipedia |
| DraftKings stake at the merger | About 34.6 million shares, roughly 11% | World Casino Directory, citing Forbes |
| Name spellings | Meckenzie, Mackenzie (some US filings) | Olam |
How did Meckenzie build SBTech?
Meckenzie founded SBTech in 2007 and, according to Forbes, served as a director until May 2014, per World Casino Directory's report on the Forbes story. The company became one of the industry's leading providers of online casino and sportsbook platforms. Wikipedia also credits him as a founder of the online sportsbook 10bet.
How did the DraftKings merger make him a billionaire?
SBTech merged with DraftKings through a SPAC in 2020, and Forbes Argentina describes the SBTech deal as worth $975 million. Meckenzie became DraftKings' largest shareholder, and Forbes counted him as a billionaire from May 2020 after the share price rose, per the same report.
He received about 34.6 million shares in the merger, roughly 11% of the combined company, according to World Casino Directory. Forbes Italia reported in March 2021 that he held a seat on the DraftKings board and was one of its main shareholders. His stake has been smaller since: MarketBeat's insider data showed him holding 19.6 million shares in September 2021 after a sale of 660,000 shares, so his current holding should be checked against DraftKings filings.
What is Amp?
Amp is the home strength-training company Meckenzie founded after the DraftKings deal, with an AI coach built into a compact cable-style machine. Forbes dates the company to 2020, while Wikipedia says 2021. Forbes estimated Amp's first batch of 10,000 units, installed in California, Florida, New York and New Jersey, produced about $20 million in revenue, and said Meckenzie invested about $50 million of his own money, per Forbes Argentina. Fast Company reported a $1,995 device price.
Why is so little known about Meckenzie?
Olam found few independent profiles beyond Forbes and company filings, and no verified coverage of his personal life, so this page sticks to business facts. An earlier version of this page described a birthday celebration in Saint-Tropez and listed guests. Olam could not confirm that account from a published source and has removed it. For the longer career profile, see Shalom Meckenzie: the SBTech founder behind DraftKings, and for the wider founder cohort, Israeli founders and companies.
Shalom Meckenzie FAQ
Who is Shalom Meckenzie?
He is an Israeli entrepreneur who founded SBTech and Amp, co-founded 10bet and became DraftKings' largest shareholder after the 2020 merger, according to Wikipedia and Forbes.
What is Shalom Meckenzie's net worth?
Forbes estimated $1.6 billion as of June 2026, per Wikipedia's summary.
How is Meckenzie spelled?
Both Meckenzie and Mackenzie appear, with Mackenzie used in some US filings.
What is SBTech?
SBTech is the sports betting and casino software company Meckenzie founded in 2007. It merged with DraftKings in 2020, according to Forbes.
What is Amp?
Amp is an AI-coached home strength-training company Meckenzie founded after the DraftKings deal, according to Forbes and Wikipedia.
How we report: Olam stories draw on public filings, company disclosures and named sources, checked by our editors. Read our methodology · Corrections
