Former Atlantic City casino boss Donald Trump, who we all know is currently running for President of the United States, has tapped a poker-playing billionaire to be a member of his team of monetary advisers.

Texas banker and investor Andy Beal is among greater than a dozen picked to assist Trump lead the economy should he be elected. In step with CNN Money, Beal founded Beal Bank, at the side of CSG Investments, Loan Acquisition Corp. and CLG Hedge Fund.

Forbes has his networth pegged at $10.7 billion, which makes him the 115th wealthiest person in the world. His great wealth has allowed him to pursue one among his favorite pastimes: high-stakes poker. Actually, maybe the top stakes ever played in Las Vegas.

The 63-year-old Beal got started playing poker in college and it's been reported that he might need used a few of his poker winnings to fund a few of his earliest business ventures. He ultimately dropped out of school to become a businessman.

Beal etched his name into poker history way to his losses greater than a decade ago against the “Corporation,” which was a gaggle of poker players that included the likes of Phil Ivey, Jennifer Harman, Ted Forrest and both Todd and Doyle Brunson. Over the process a couple of years, the limit hold’em heads-up matches eventually had stakes as high as $100,000-$200,000.

In order to play Beal at such huge stakes, the poker pros pooled their money together.

The swings for each side were enormous. The poker pros eventually got the easier of him, as Beal lost greater than $16 million in a three-day match versus Ivey in 2006, after which vowed to quit poker. Though he continued to play cards, he took a few years off from competing against the game’s best on the nosebleed stakes.

That hiatus apparently ended only a couple years ago when Beal purportedly lost $16 million again, this time to Rick Salomon. Early last year, Todd Brunson said that he beat Beal out of $5 million playing hold’em with stakes of $50,000-$100,000.

Beal’s battle against the poker pros within the early-to-mid 2000s was chronicled within the book The Professor, the Banker, and the Suicide King: Throughout the Richest Poker Game of All Time.

While Beal has a love for poker, Trump’s VP pick, Indiana Gov. Mike Pence, has previously supported efforts to prohibit online poker nationwide.

Read More... [Source: CardPlayer Poker News]