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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.

Tom stopped being a productive human being when he realised that the beige box under his desk could play Alpha Centauri. After Deus Ex and Diablo 2 he realised he was cursed to play amazing PC games forever. He started writing about them for PC Gamer about six years ago, and is now UK web ed.