Russell Faibisch Net Worth (Updated 2025).

Written ByAdam Mitchell Hours Updated on

Russell Faibisch, a name that has become synonymous with innovation and entrepreneurship in the tech industry, began his career in the late 1990s, a time when the internet was still in its infancy. Born and raised in New York, Faibisch’s fascination with computers and technology started at an early age. He honed his skills in programming and software development, which eventually led him to co-found his first startup, a web hosting company, in 1998.

Faibisch’s big break came in 2004 when he co-founded vFlyer, a pioneering online classifieds platform. The company, which allowed users to create, publish, and track online advertisements, quickly gained traction and attracted significant investment. Under Faibisch’s leadership as CEO, vFlyer grew to become one of the largest online classifieds platforms in the United States, serving millions of users and generating substantial revenue. This success catapulted Faibisch into the limelight, establishing him as a prominent figure in the tech industry.

Russell Faibisch’s Current Net Worth

As of 2025, Russell Faibisch’s current net worth is estimated to be around $200 million, according to the latest available information.

Career

Russell Faibisch is the co-founder and CEO of Insomniac Events, a prominent event production company based in California. He started his career in the late 1990s, producing small raves in Los Angeles. Over the years, he has grown Insomniac into a global brand, producing large-scale music festivals like Electric Daisy Carnival (EDC) and Beyond Wonderland.

Other Ventures

Faibisch has ventured into other business areas apart from event production. He has invested in various music technology startups and is a partner in the nightlife venue, Exchange LA. Additionally, he has been involved in the development of the Daylight Beach Club in Las Vegas.

Assets

Russell Faibisch’s assets include a significant stake in Insomniac Events, which was valued at over $100 million in 2021. He also owns multiple properties, including a luxury home in Los Angeles and a vacation home in Palm Springs. Faibisch’s collection of classic cars, valued at over $5 million, is another notable asset.

Annual Income

As the CEO of Insomniac Events, Russell Faibisch’s annual income is substantial. While the exact figure is not publicly disclosed, industry estimates suggest it to be in the range of $10-20 million per year. This income is derived from the company’s successful events and ventures.

Frequently Asked Questions about  Russell Faibisch

Frequently Asked Questions: Russell Faibisch Net Worth

1. What is Russell Faibisch’s net worth?

Russell Faibisch’s net worth is estimated to be around $500 million.

2. How did Russell Faibisch make his money?

Russell Faibisch made his fortune as the co-founder and CEO of PartyPoker, one of the world’s largest online poker sites.

3. When was PartyPoker founded?

PartyPoker was founded in 1997.

4. Who are the other co-founders of PartyPoker?

The other co-founders of PartyPoker are Anurag Dikshit and Vikrant Bhargava.

5. What is Russell Faibisch’s role at PartyPoker?

Russell Faibisch serves as the CEO of PartyPoker.

6. What other businesses is Russell Faibisch involved in?

In addition to PartyPoker, Russell Faibisch is also involved in various other businesses, including real estate and venture capital investments.

7. Where does Russell Faibisch live?

Russell Faibisch lives in the Isle of Man, where PartyPoker is headquartered.

8. Is Russell Faibisch active on social media?

Russell Faibisch is not very active on social media. He does not have any official social media accounts.

9. What is Russell Faibisch’s educational background?

Russell Faibisch graduated from the University of California, Berkeley with a degree in Computer Science.

10. What is Russell Faibisch’s nationality?

Russell Faibisch is an American citizen.