Ruth Monicka Parasol, born 1967, is one of the world’s most successful female entrepreneurs and an astute investor. With a self-made portfolio of over $1b, she, and her international team excel in Real Estate, Asset Management and Private Equity.
A British citizen and multi-national, Ruth was raised in California. She graduated from law school in 1993 and immediately gravitated to the Information Highway boom of early Silicon Valley. She was an internet pioneer in 1995 in Fintech and Gaming and an early adopter and founder of back-office India-based software development.
Ruth was the first woman to IPO her company, Party Gaming Plc onto the LSE FTSE 100 in 2005 for then record valuations and was the world’s largest online poker room.
Ruth is a long-time resident of Gibraltar where she has lived for many years, in addition to Israel. Since 2018, she has been living in London with her five children where they attend school.
Her largest current business activities are in real estate in the USA and the UK. Ruth is also the director of a UK bank.
Her personal and business life have both been centred in Gibraltar since 2004 when she rebased PartyGaming there. Ruth holds an annual event in Gibraltar showcasing her activities and bringing international acclaimed keynote speakers and musicians.
Ruth is the Principal Benefactress of The Parasol Foundation Trust which has awarded over £40m since 2004. She is passionate about creating opportunities for women to achieve their potential in the fields of science, technology, engineering and medicine.
The Parasol Foundation’s work stretches from Gibraltar to Israel, the US, UK and beyond. Major initiatives include Parasol Foundation Centers for Women’s Health and Cancer research in London and Tel Aviv as well as support for leading organisations such as the V&A, Cambridge University and SpaceIL. The Foundation also funds scholarship programmes to advance and inspire the next generation of successful women including with the City of London Girls School, Marin Academy, University of San Francisco, the University of Gibraltar, Tel-Aviv University and Reichman University.