Gabe Newell Ranked 854th Richest Person by Forbes

[Sliver]

A new article over at Forbes has revealed that Valve's very own Gabe Newell is worth a hefty amount of $1.5 Billion, this marks Gabe's debut on Forbe's Billionaire list. Now keep in mind that is a purely estimated amount, since Valve doesn't release sale figures or revenue collected from Steam.

Privately-held Valve Corporation is tight-lipped about revenues, and Newell doesn’t comment on his personal finances. So in order to estimate his net worth, Forbes consulted with video game industry insiders, equity analysts, investment bankers, and technology analysts to figure out what the company is worth. Even the most conservative estimates put Valve’s enterprise value at more than $3 billion, and since Newell owns more than 50% of the company, that means he’s worth at least $1.5 billion.

The article goes on to talk about how unique of a service Steam is, Valve's business model of "games as a service," and it's venture into Free To Play games. The entire article can be read here.

 

[Hot Soup]

And to think of all the furore that having to have steam to play HL2 caused.

 

[Chris D]

And to think of all the furore that having to have steam to play HL2 caused.

Aw yeah that was ridiculous.

Fond memories though

 

[ríomhaire]

Not fond for those of us who were on dial-up. I was still on dial-up when the Orange Box was released.

 

[morgs]

Great read, thanks Sliver!

 

[Coltron1000]

Gabe is a boss.

 

[Avoidist]

I was still on dial-up when the Orange Box was released.

Ditto. Still, there was the novelty of running the phone cable half way through the house.