22
New
Stories

egmnow
My Games
New Games
Top Games



Gabe Newell is Worth Over $1 Billion

By
Posted on March 8, 2012 AT 07:14am

THE BUZZ: Business publication Forbes has revealed that Valve co-founder Gabe Newell is worth more than $1 Billion.

Around $1.5 Billion to be exact, which places him at number 854 in the current list of 1,226 billionaires.

Newell used his savings to co-found Valve back in 1996 and now holds more than a 50 percent share of the private company.

Since he never discloses his finances, Forbes estimated his worth by consulting with various industry insiders, equity analysts and investment bankers to determine how much Valve is worth.

According to them, the company is valued at around $3 Billion at the lowest estimate which makes Newell, who owns half, worth around $1.5 Billion.

EGM’s TAKE: Well it appears that when you’re worth over a billion dollars you can choose when you want to tell people about your newest game. That’s based on the fact that it’s been years since the last Half-Life, and no matter how much fans beg, cry and plead Valve has given us nothing.

Source: Forbes

Matthew Bennett, Associate Editor
Matthew Bennett has only been covering the gaming world for a short while, but he’s eager to make his mark. An ability to go many hours without sleep and a quick wit make him ideal for his role as associate editor at EGMNOW.com. He often thinks back to the days when the very idea of this career seemed like nothing but an impossible dream. Follow him on Twitter @mattyjb89. Meet the rest of the crew.

Partner Pages

Subscribe
Subscribe
Subscribe



EGM MEDIA, LLC
29800 Agoura Road
Suite 103
Agoura Hills, CA 91301
egm

© 2014 EGM Media LLC. All rights reserved. Trademarks belong to their respective owners.
Website Interface © 2012 EGM Digital Media, LLC.