Roy Sebag
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Roy Sebag | |
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| OccupationTemplate:Pluralize from text | Entrepreneur, investor |
| Years active | 2008–present |
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| Known for | GoldMoney Inc (formerly BitGold), Menē |
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Roy Sebag (born June 28, 1985) is an Israeli-Canadian contrarian investor, entrepreneur and author.[1][2] He is the founder of precious metal savings and payments platform GoldMoney Inc, and is Chief Executive Officer.[3][4] He is also the founder of cryptomining company Bitfarms, Ltd. a publicly traded company on the Toronto Stock Exchange, and was its CEO until April 2019.[5][6][7]
Career
Investments
In 2011, Sebag was a managing partner of Essentia Equity, one of several lenders that invested $43 million of rescue financing into American Apparel helping the company avert bankruptcy, but the company later went bankrupt. In September 2012, Sebag invested in German automotive company Porsche Automobil Holding SE. In an interview with the financial newspaper Barron's, Sebag argued that the legal overhang due to the 2008 short squeeze of Volkswagen provided a unique opportunity to purchase shares of Porsche at a discount.[8]
Natural Resource Holdings
In 2010, Sebag formed Natural Resource Holdings, an asset consolidator of historically delineated natural resource deposits.[9]
Since 2011, Sebag and Natural Resource Holdings have been compiling and distributing a database of the world's largest gold mines.[10]
Goldmoney Inc.
Following the 2008 financial crisis, Sebag met Josh Crumb, a senior metals strategist at Goldman Sachs, and the two developed the idea of a full-reserve banking gold-based financial institution. This ultimately led to the formation and launch of BitGold, which subsequently became GoldMoney, after BitGold acquired that company in 2015 as a reverse merger. In May 2016, Sebag won the Canadian Capital Markets Deal of the Year Award for the GoldMoney acquisition.[11][12] In March 2019, GoldMoney announced it was shutting down its cryptocurrency business.[1]
Menē Inc.
In October 2016, Sebag founded Menē Inc., a luxury online jewelry venture, along with Diana Widmaier Picasso, the granddaughter of Pablo Picasso.[13]
Industry analysis
Sebag's economic insights have been covered by CNBC, Bloomberg,[14] The Wall Street Journal[15] and in an article written by him for The American Mind.[16]
Author
Sebag is the author of 'The Natural Order of Money', a book of Economic Theory and Philosophy about the intrinsic relationship between people, money, and nature.[17]
References
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- ^ a b Page Module:Citation/CS1/styles.css has no content."Roy Sebag exits cryptocurrency market". Globes. 10 March 2019. Retrieved 4 June 2020.
- ^ Page Module:Citation/CS1/styles.css has no content."Executive Profile Roy Sebag". Bloomberg. Retrieved 14 December 2015.
- ^ Page Module:Citation/CS1/styles.css has no content."You Want to Buy Art. Is It About Love or Money?". The New York Times. Retrieved 15 February 2019.
- ^ Page Module:Citation/CS1/styles.css has no content.Waddell, Nick. "GoldMoney Announces Graduation to the Toronto Stock Exchange". Cantech Letter. Retrieved 12 May 2016.
- ^ Page Module:Citation/CS1/styles.css has no content."Toronto Stock Exchange Profile: Bitfarms Ltd". TASE Site. Retrieved 2 August 2019.
- ^ Page Module:Citation/CS1/styles.css has no content."Blockchain merger to make Natural Resource NIS 2b co". Globes.co.il. Retrieved 26 May 2018.
- ^ Page Module:Citation/CS1/styles.css has no content."Crypto Mining Outfit Bitfarms to Depreciate $19 Million as Founder Denounces Bitcoin". Ctech. 2019-11-03. Retrieved 2020-06-04.
- ^ Page Module:Citation/CS1/styles.css has no content."Porsche Preferred Shares Merit a Faster Track". Barons. Retrieved 20 December 2015.
- ^ Page Module:Citation/CS1/styles.css has no content."Global Gold Mine and Deposit Rankings 2013". Visual Capitalist. Retrieved 20 December 2015.
- ^ Page Module:Citation/CS1/styles.css has no content."Global Gold Mines and Deposits Ranking 2012". Visual Capitalist. Retrieved 20 December 2015.
- ^ Page Module:Citation/CS1/styles.css has no content."Will gold continue to shine?". CNBC. Retrieved 8 September 2016.
- ^ Page Module:Citation/CS1/styles.css has no content."Gold starts to shine for investors". Financial Times. Retrieved 15 August 2015.
- ^ Page Module:Citation/CS1/styles.css has no content."Jewelry Worth Its Grams in Gold". New York Times. 10 May 2018. Retrieved 4 June 2020.
- ^ Page Module:Citation/CS1/styles.css has no content."The Guy Who Called Bitcoin a Bubble Now Wants to Help You Store It". Bloomberg. Retrieved 29 September 2017.
- ^ Page Module:Citation/CS1/styles.css has no content."Coronavirus Sparks a Global Gold Rush". Wall Street Journal. Retrieved 31 March 2020.
- ^ https://americanmind.org/memo/a-cure-for-the-money-virus/
- ^ https://booklife.com/booklife-review/9781399934206
