Business magazine Forbes finds Half-Life house to be valued in the billions, leader Gabe Newell's net worth estimated to be at least $1.5 billion.
Valve Software, maker of Half-Life, Portal, and Counter-Strike, is worth $3 billion, business magazine Forbes has discovered.
To unearth Valve's worth, the magazine spoke with unnamed "industry insiders," equity analysts, investment bankers, and technology analysts.
The magazine reports that this makes Valve co-founder and managing director Gabe Newell one of the richest individuals on earth. Newell owns more than 50 percent of Valve, indicating a personal net worth of at least $1.5 billion.
Forbes notes there are 1,226 billionaires living today, and Newell ranks 854th. Newell will be featured in the magazine's 25th annual list of the world's billionaires issue.
Valve owns and operates the Steam digital distribution service. It currently boasts 40 million users. Additionally, the company is rumored to be at work on a "Steam Box," which could be unveiled as early as this week.
completely wrong! gamespot entirely wrong ...... Valve will go back to half life 3 will become a worldwide phenomenon as the second part first. DIABLO 3 really silly
WTF !!!! Valve Group but only worth $ 3 billion! I do not believe. 2010 has been confirmed as valve corporations worth more than $ 3 billion and, as of now also have 4 to 5 billion instead? revised proposal
Valve proved that you can lower game prices and still make tons of money with Steam. Valve proved you can have rampant piracy and still make money. Once again, EA and Activision are in shock wondering how is this possible!?! HINT: When you drop a game like Borderlands with all DLC to 5 dollars, people will buy it even if they weren't thinking about playing it!
Well I'd make money if people would pay $100 for virtual wedding rings from me too. I like the games valve makes, and steam is good too but the whole TF2 hats and stupid proposal rings are just annoying. Still on the fence about the steam box but will see how it looks.
So what? SegaSammy holdings is worth $23 billion and the newly forming SEGA Orbi will be worth $32 billion. Big deal. EA is worth $5 billion. So what's the point of this article? None.
So glad that Valve is doing so well. Been with them since the beginning, and will happily throw my money at them.
Half life was ahead of it's time, so was Steam. Steam is the reason for this valuation. Good for them.
"Forbes notes there are 1,226 billionaires living today" Am I the only one who find this really disturbing? This is way too many.
Intrigued about this company and where its going. I like innovation. And this company seems to be very innovative. I hope their console offers all that innovation at a cheap/reasonable price.
Despite having a few issues with Steam, I gotta hand it to Valve, their service allows people to get hold of alotta killer games far cheaper and more convenient than console makers would ever allow. For that, I tip my hat to them. They've earned their billions.
It is a pretty solid distribution platform - there are some ongoing niggles but genereally it is solid and primed perfectly to enter the streaming platform sector... Role on Steam Box.
What if Newell suddenly decides to pull the website, withdraw all his hundereds of millions, and move to Angola?
I would think in a 3 joke too, but after reading just a little i've seen they're all used up. So i'll be simple. Start the third games! Preferably HL... On a related topic, Valve kinda deserves that... Unlike most game companies nowadays, they care about gaming...
Valve is worth 3 billion?! BLASPHEMY! You are wrong Gamespot, they are worth 2.99 billion! 3 is a non-existant number for Valve! I demand a fix.
My eyes must be deceiving me, cause I swear I just saw the number "3" and "Valve" in the same headline.
Valve will be the last distributor standing precisely because they own the equivalent of xbox live and playstation network.
Two analysts, investors, and mystery insiders...yeah, I wouldn't celebrate Valve's first 3 just yet.
Please invest some money into some 3RD GAMES like Portal 3, Team Fortress 3, Left 4 Dead 3, or maybe....Half Life 3?
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