Ruth Parasol Profile
Principal Benefactress & Advisory Board
Ruth founded PartyGaming PLC in 1997, the parent company of online poker site PartyPoker.com, which went public on the London Stock Exchange in June 2005 for £4.6bn. In 2010, PartyGaming merged with Bwin Interactive, forming Bwin. Party Digital Entertainment PLC, then the world’s largest publicly traded online gaming company. Ruth sold her remaining assets in 2015. She is no longer involved in online gaming but is now very active in diversifying her portfolio, primarily long term investment-grade real estate. She is considered to be one of the world’s wealthier self-made women.
Ruth was born and raised in Mill Valley, California, where she was raised by her father Rick Parasol, a Jewish, Polish, Holocaust survivor and Guna Parasol, a Swedish native. She grew up with her two sisters, pursuing many hobbies such as sailing, skiing, playing the piano and ice-skating.
Ruth obtained a B.A in Business from the University of San Francisco and continued to complete a law degree at Western State University College of Law. Ruth started her career in her father’s successful, global business, which included managing real-estate, investing in start-ups, and providing internet and phone services.
Following the establishment of The Trust in 2004, Ruth has served as the Lead International Advisory Board Member and as the principal benefactor, having contributed several million to the trust. Ruth believes in projects that promote health and research, community, and female entrepreneurship.
Ruth’s great gift is seeing everyone’s individual potential, creating successful teams, not taking no for an answer and always enjoying a hard days work.