What is Joe Cada’s Net Worth?
Joe Cada is an American professional poker player who has a net worth of $12 million. Joe Cada was born in Shelby Charter Township, Michigan in November 1987. He is best known for winning the Main Event at the 2009 World Series of Poker and winning $8.55 million. He became the youngest champion of the Main Event. Before winning that event he was primarily an online poker player and has won more than $500 thousand online.
In 2009 he became a member of Team PokerStars. Cada won a second bracelet at the WSOP in 2014 in the $10,000 No Limited Texas Hold ’em six handed event and won $670,041. He opened up Cada’s Poker & Sports Grill in Sterling Heights, Michigan in 2011. As of August 2014 Cada has won more than $10 million in live tournament winnings.
Joseph Cada – Biography
Joseph Cada was born on November 18, 1987, and hails from Shelby Charter Township, Michigan. He is a renowned figure in the poker world, particularly for clinching the title at the 2009 World Series of Poker (WSOP) Main Event. At just 21 years old, Cada became the youngest champion in the history of the event, taking over the record from Peter Eastgate. His poker prowess was not new to the scene; he had already made two WSOP money finishes in the same year. Cada’s talent was honed over several years as an online poker player, where he has amassed over $500,000 in winnings. As of October 2016, his live tournament winnings totaled over $10 million. Before his World Series victory, Cada was signed by Team PokerStars and later faced a heads-up challenge at the 2012 WSOP $1,500 No-Limit Texas hold ’em event.
Poker Career – Achievements and Milestones
Cada’s poker journey began at around 16 years of age when he first played online poker. Despite some initial setbacks, including losing all the money in his first shared accounts, Cada persisted. He first played at PartyPoker and continued to hone his skills in various online platforms and casinos. By the time of his WSOP victory, he was deeply entrenched in the poker scene, playing thousands of hands a day on PokerStars. His online handle was jcada99, and he also played under various aliases on other poker sites.
Cada’s family has a background in card games, but they were initially not supportive of his poker career. Despite this, he has become an advocate for the profession, promoting the legalization of gambling.
World Series of Poker – A Record of Success
Over the years, Cada has had a significant impact on the WSOP:
In 2009, he won the $10,000 No-Limit Hold’em Main Event with a prize of over $8.5 million.
He also secured victories in 2014 and 2018, winning the $10,000 No-Limit Texas Hold ’em six-handed and the $3,000 No-Limit Hold’em Shootout, among other events.
His performance in the 2018 series was particularly notable, earning him two bracelets and a top-five finish in the Main Event.
Personal Life – The Man Behind the Cards
Away from the poker table, Joe’s mother worked as a blackjack dealer, and he comes from a family passionate about card games. His personal story also intersects with significant economic events, as his father lost his job during the late-2000s recession. Cada himself has become something of a celebrity within the poker world, known among fans as “The Kid,” a moniker created by his agent.
Cada is not only a poker player but also an advocate for the game. He views poker as a game of skill and logic, pushing for the rights of individuals to play online. His life outside poker includes playing indoor soccer, and post-2009, he contemplated real estate investments and business ventures, such as opening a bar.