Posts Tagged ‘Beth Shak’

Dan Shak sues Beth Shak over Massive Shoe Collection

Monday, June 25th, 2012

In a story that seems better suited for The Onion or a Saturday Night Live skit, former poker couple Dan and Beth Shak are in a bitter post-divorce battle over a massive shoe collection. Getting into the specifics, Beth Shak has around 1,200 designer label shoes that are collectively worth $1 million. If you’re doing the math, that’s an average of $833 per pair of shoes!

Apparently, Dan Shak wasn’t happy when he heard about how much the shoes were worth because they weren’t included in the divorce settlement. Considering the fact that he thinks the $1 million in shoes could’ve given him at least another $350k in the divorce, Dan has chosen to take Beth to court. An excerpt from his lawsuit that was printed in the New York Post reads as follows:

In the summer of 2011, Daniel became aware that Beth owned and failed to disclose an extensive . . . collection of Christian Louboutin shoes . . . and other high-end designer shoes and bags. Dan trusted his wife and was not inspecting his home to try to find inventory or secret rooms.

The thing that really sticks out here is how Dan Shak is trying to say that Beth hid the shoes in a secret room. She responded to this thinly-veiled accusation by saying, “I’m shaking my head over this whole thing. He is saying he didn’t know the closet in our master bedroom existed.”

On the surface, it doesn’t seem like either member of this former couple is doing too well. Beth claims to be a poker pro – despite not having cashed in a tourney since 2010 – while Dan saw his hedge fund company, SHK Asset Management, lose millions of dollars after the gold market plummeted. And the shoe lawsuit is just the couple’s latest debacle.

Dan Shak’s Condo goes for $7.4m

Tuesday, October 11th, 2011

Poker pro Dan Shak proved to be recession-proof after selling his lofty New York City condo for $7.4 million. Shak, who bought the home back in 2005 with his ex-wife Beth Shak, originally paid $7.2 million for the property. However, he was somehow able to swing a $200,000 profit while selling it seven years later. Perhaps he did some major upgrades?

The popular reason for Shak selling the condo is that he lost around $7 million in the gold market, and needed a way to make some quick cash. In fact, Shak’s losses caused him to sell off a remaining stake in $850 million worth of future gold contracts, which caused a market scare. This coupled with the aforementioned condo sale had many thinking that he was desperate for money. However, Shak has consistently denied selling his condo to cover gold market losses.

In any case, what is known is that Shak gave his ex-wife $3.25 million when they got divorced in 2008 so that he could keep the property. And one certainly can’t blame Shak for wanting to keep his condo when they look at the pictures. There’s plenty of exquisite decor and excellent terrace views of New York.

As for Shak’s poker career, he’s made over $2.7 million in live tournament cashes, and this includes a victory in the 2010 Aussie Millions Main Event ($1,107,553). In addition to this, he also finished second in the 2011 NAPT Uncasville, which was good for $254,000. In regards to his ex-wife Beth Shak, she hasn’t fared quite so well in the poker world lately, having made only $29,955 in the last two years. Her crowning poker achievement came when she finished second in a 2007 WSOP $3,000 Hold’em event ($328,683); this helped her land a gig as a Full Tilt Poker team member.