Who Is Ed Craven?
Ed Craven is an Australian entrepreneur and self-made billionaire best known as the co-founder of Stake.com, one of the world’s largest cryptocurrency-backed online casinos. At just 29 years old, Craven has become one of Australia’s youngest billionaires by turning his early fascination with online gaming into a global gambling and livestreaming empire.
Early Life and Beginnings
Edward “Ed” Craven was born in 1995 in Australia. He reportedly developed an interest in online games and gambling as a teenager, which eventually led him to explore blockchain and cryptocurrency applications in gaming. This early passion and tech knowledge laid the foundation for his future business ventures in the online entertainment space.
Founding Stake.com
In 2017, Craven partnered with friend and business associate Bijan Tehrani to launch Stake.com, a cryptocurrency-based online casino and sportsbook. The platform allows users to wager using digital currencies and quickly gained traction during the late 2010s as crypto adoption increased globally. Despite regulatory challenges with crypto gambling being restricted or banned in major markets like the U.S. and U.K., Stake.com built a massive following and reported billions of dollars in revenue, including approximately $4.7 billion in 2024.
Expansion into Livestreaming and Tech
After Stake.com attracted attention (and controversy) for its aggressive marketing and sponsorships, including deals in sports and esports, Craven and Tehrani launched Kick, a livestreaming platform aimed at creators, particularly those previously restricted by other services. The move diversified their digital footprint beyond gambling into entertainment and creator economies. Craven also invests in tech startups and AI ventures, including backing Australia-based AI developer MainCode, signaling ambitions beyond gambling into broader digital technologies.
Net Worth Breakdown
As of 2025, Forbes estimates Ed Craven’s net worth at around $2.8 billion, ranking him among the world’s youngest self-made billionaires. He frequently appears on billionaire lists and rich lists in Australia thanks to the success of Stake.com and his broader digital investments. His wealth stems largely from ownership stakes in Stake.com, Kick, and related tech and gaming ventures, which generate significant revenue from online gambling and streaming.
Lifestyle and Personal Life
Craven lives in Melbourne, Australia, where he also runs his businesses. In recent years, he’s made headlines for luxury real-estate purchases, including high-profile Toorak properties valued in the tens of millions, reflecting his billionaire status and lifestyle as one of Australia’s most prominent young tech entrepreneurs. Despite his wealth, Craven maintains a relatively private personal life, focusing more public attention on his businesses and their global expansion than on celebrity appearances.
Legacy and Influence
Ed Craven’s rise from online gaming enthusiast to billionaire co-founder of a major crypto platform highlights the explosive growth of cryptocurrency-linked industries. By blending cutting-edge technology with digital entertainment and global marketing strategies, he has become a leading figure in the rapidly evolving online gambling and livestreaming industries.
Conclusion
At 29, Ed Craven’s journey from gamer to billionaire entrepreneur underscores the disruptive potential of tech innovation and crypto economics. With Stake.com and Kick, he has built a powerful digital empire that shows few signs of slowing down.
