Andy Beal

BEAL BANK

• Under his leadership, Beal Bank gained prominence by acquiring distressed assets during economic downturns, such as the savings and loan crisis in the late 1980s and the global financial crisis in 2008.

• In addition to Beal Bank, he established Beal Bank USA in 2004, expanding the family's banking operations.

• Beal Bank and Beal Bank USA report combined total capital in excess of $2.7 billion and combined total assets in excess of $7.2 billion as of June 2019.

BUSINESS VENTURES

• In 1981, Beal and a partner bought two housing project buildings in disrepair in Newark, New Jersey, for $25,000. 

• They were named the Brick Towers. Once repaired, the buildings were sold for $3.2 million to a private investor 2 years later.

• During the 2008 and 2009 financial crisis, he bought up assets that everyone else was dumping—at ridiculously deep discounts—so that while the combined net worth of the four hundred richest people in America dropped by a collective $300 billion, he saw his own net worth triple. 

THE BEAL CONJECTURE & POKER

• To encourage research on the conjecture, Beal offered a $1 million prize for its proof or disproof. 

• Between 2001 and 2004, he took on 16 of the world’s best players in a series of very high-stakes games. As of January 2025, the prize remains unclaimed.

• Beal is also known for his participation in high-stakes poker games, where he has competed against some of the world's top players. 

• His poker ventures have been documented in various media, highlighting his strategic thinking and risk-taking abilities.