As a college student in Tennessee, Jon Yarbrough struck a deal with a local arcade: He’d lend the place his foosball table, and they’d split the revenue 50-50. People lined up to play. Yarbrough, who also interned at NASA while in college, doubled down after graduating, buying more foosball tables as well as pinball machines and putting them in other arcades. He then started creating his own video games and sold them largely to tribal casinos. As those casinos proliferated, revenues grew at his company, Video Gaming Technologies. He sold the business to Australian firm Aristocrat Leisure for $1.28 billion in October 2014. He has since been actively managing his money, which he’s put into real estate, tech stocks and more through his family office, Yarbrough Capital. The 61-year-old , who is now worth $2.2 billion, spoke to Forbes recently about his investment strategy and his advice for other investors.
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How This Video Gaming Billionaire Invests His More Than $2 Billion