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Gabe Newell listed among world's richest people, Valve estimated to be worth $3bn

Gabe Newell peers seductively over his fan of money

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.

Based in Bath with the UK team, Tom loves strategy games, action RPGs, hack ‘n slash games, digital card games… basically anything that he can fit on a hard drive. His final boss form is Deckard Cain.