Gabe Newell Is Worth $1.5 Billion


You all know his name: Gabe Newell. He owns more than half of Valve, the company behind PC service Steam, and creator of great IPs such as Half Life, Counter-Strike and Portal. Let’s not forget Left 4 Dead. Well, according to Forbes, Mr. Newell is the 854th richest billionaire in the world, as he’s worth an estimated $1.5 billion.

Newell made his way onto the list after a hugely successful 2011, and the over 40 million users on Steam, plus a stellar year for the Portal Franchise.

Since Valve is a privately held company, however, company revenues are not shared with the public, so in order to obtain the information, Forbes consulted with video game industry insiders, equity analysts, investment bankers, and technology analysts. The most conservative estimates put Valve’s value at more than $3 billion, and since Newell owns more than half of the cake, it puts him nicely above the $1.5 billion mark.

Not bad.

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Author: Ernice Gilbert View all posts by
Ernice Gilbert here. Founder and Editor-In-Chief of Gamesthirst. Thanks for stopping by, make yourself at home!

5 Comments on "Gabe Newell Is Worth $1.5 Billion"

  1. smoge March 8, 2012 at 10:28 pm -

    I see the headline now; Ernice Gilbert is worth 1.2 billion, after the unfounded success he had in 2012 with his gaming website, now getting 20 million hits a day.

  2. Ernice Gilbert March 8, 2012 at 11:20 pm -

    @Smoge: Why thank you! I’ve got some big news to share with the entire site soon! Stay tuned, guys.

  3. nick March 9, 2012 at 3:47 am -

    is that all?
    considering almost every PC game goes through steam, the users they have, the popularity of team fortress half life and L4D, i was expecting more.
    1.2B is nothing!

  4. Ernice Gilbert March 9, 2012 at 6:18 am -

    Yeah. $1.2 billion is nothing. Nothing at all. In fact, it’s rubbish, isn’t it, bro? :D

  5. nick March 9, 2012 at 11:14 am -

    no, not really but considering the WHOLE PC industry goes through steam it is!
    its not like PSN where you can get every game from retail, allot of PC games you cant play without steam activation.
    steam gets royalties for that.

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