Gabe Newell listed among world's richest people, Valve estimated to be worth $3bn
Forbes have published their latest list of the planet's richest people, and have declared Valve co-founder Gabe Newell the Newest Video Game Billionaire. Of the 1226 billionaires on the planet, Newell is the 854th richest with an estimated worth of $1.5 billion.
Valve keep their finances strictly private, so Forbes consulted "video game industry insiders, equity analysts, investment bankers, and technology analysts" for figures and factored in the tremendous success of Portal 2 and the continued growth of Steam as factors in their latest estimate.
"Even the most conservative estimates put Valve’s enterprise value at more than $3 billion," they say. Newell owns more than half of Valve, placing his estimated worth at the 1.5 billion mark.
Well done them. That is rather a lot of cash. They could probably pool all their resources and create a working Portal gun if they wanted to, but they'd probably rather make games.