How Did Molly Bloom Make Money

'Poker princess' Molly Bloom on her strangerthanfiction life BBC News
'Poker princess' Molly Bloom on her strangerthanfiction life BBC News from www.bbc.com

The Rise and Fall of Molly Bloom

In the world of underground poker, Molly Bloom became a prominent figure. Born in 1978, she grew up in Loveland, Colorado, and had a passion for skiing. However, an unfortunate accident during her skiing career led her to explore other avenues to achieve success.

Bloom’s journey began when she moved to Los Angeles, where she worked as a cocktail waitress. It was during this time that she became acquainted with the world of high-stakes poker. She started as an assistant to a notorious poker player, and gradually made her way up the ladder.

The Poker Empire

Molly Bloom soon found herself hosting her own underground poker games. These exclusive gatherings attracted A-list celebrities, business moguls, and even members of the Russian mob. Bloom’s ability to attract wealthy players and provide a luxurious experience made her a sought-after hostess.

Her poker empire grew rapidly, and she became known for organizing some of the most extravagant poker games in the world. The buy-ins for these games ranged from thousands to millions of dollars, and the stakes were high. Bloom’s reputation as a capable and discreet hostess allowed her to create a safe space for the players to enjoy their games.

Financial Success

Molly Bloom’s financial success was primarily derived from the substantial tips she received from the players. These tips were often in the form of a percentage of the pot, which could amount to thousands of dollars in a single night. Additionally, Bloom would charge a fee for organizing the games, further adding to her income.

As her empire expanded, Bloom also started investing in real estate. She purchased a luxury penthouse in Manhattan, which later became her headquarters for organizing the games. She also acquired other properties and made wise investments, securing her financial future even further.

Legal Troubles and Redemption

Despite her financial success, Molly Bloom’s empire eventually came crashing down. In 2011, the FBI raided her poker games, leading to her arrest. Bloom was charged with operating illegal gambling businesses and money laundering.

After a long legal battle, Bloom pleaded guilty to lesser charges, resulting in a fine and probation. However, her story doesn’t end there. Bloom went on to write a memoir titled “Molly’s Game,” which detailed her rise and fall in the poker world.

Molly’s Game: The Movie

In 2017, Molly Bloom’s memoir was adapted into a critically acclaimed film called “Molly’s Game.” Directed by Aaron Sorkin, the movie starred Jessica Chastain as Bloom and received positive reviews for its gripping portrayal of her journey. The film shed light on the underground poker scene and the challenges Bloom faced.

Conclusion

Molly Bloom’s journey from cocktail waitress to hosting high-stakes poker games is a testament to her determination and entrepreneurial spirit. Her ability to create a luxurious and secure environment for the players contributed to her financial success. While her empire may have crumbled due to legal troubles, her story lives on through her memoir and the film adaptation, solidifying her place in poker history.