How much money does gabe newell make a minute

President of Valve. It’s got nearly million active users around the world, and every time those folks buy a game, Valve takes a cut. There’s a natural temptation to say that this is why Valve doesn’t make games anymore I mean, why would it bother? Retrieved August 11, According to Forbes ‘ most recent list of the richest people in the country, the answer is yessir. This is Steam’s digital storefront on my MacBook. That combination of massive numbers and loyalty adds up to a very profitable business — one that turned Newell into a billionaire many times over.

A net worth of $4.1 billion puts him ahead of Oprah.

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A net worth of $4.1 billion puts him ahead of Oprah.

Programming skills, sound business acumen, and a little bit of luck can make you a lot of money in the tech industry. For Valve boss Gabe Newell, these attributes have made him not just rich, but filthy, stinking rich. His bulging bank account puts him in the number 97 spot. As the rankings are rounded up to the nearest hundred million, Newell shares his position with nine other people, including Wal-Mart heiress Ann Walton Kroenke. Explaining the digital store, Forbes writes: «Some liken it to the iTunes of videogames.

Programming skills, sound business acumen, and a little bit of luck can make you a lot of money in the tech industry. For Valve boss Gabe Newell, these attributes have made him not just rich, but filthy, stinking rich. His bulging bank account puts him in the number 97 spot. As the rankings are rounded up to the nearest hundred million, Newell shares his position with nine other people, including Wal-Mart heiress Ann Walton Kroenke.

Explaining the digital store, Forbes writes: «Some liken it to the iTunes of videogames. Steam sells game licenses to million users of its own and other developers’ titles and collects a percentage of the sales. The downside to this, of course, is that all the money Valve is making leaves little incentive to put out new games. Permalink to story. Log in. Ask a Question. TechSpot is dedicated to computer enthusiasts and power users.

Ask a question and give support. Join the community hereit only takes a minute. JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding. Thread starter midian Start date Oct 20, Cycloid Torus Stone age computing — click on the rock below. Bravo, Gabe! That’s more then enough money to make Half Life 3. Reactions: H3llion and penn Something is wrong with that article picture Reactions: Reehahs and Girus.

Good thing his company is doing the same thing most bigger companies are Reactions: SirChocula. SirChocula TS Maniac.

Valve is has always been a company about profits that could care less about their customers. I for one, hate this bastard that gave so many people hopes and dreams, only to make them wait decades for how much money does gabe newell make a minute beloved game.

Richer than Donald Trump!!! LeroN TS Enthusiast. Why make games if money can make money? You have money and you enjoy the life. Who cares that some freaks are waiting for the new HL or L4D? Alex Voinica TS Booster. Under these circumstances, he should make Half Life 3 and give it for free as a thank you to all of Half Life fans!

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Gabe Newell

It’s got nearly million active users around the world, and every time those folks buy a game, Valve takes a cut. See comments. Valve immediately alerted users, but months later — in February — Newell sent a follow-up note to users saying the company had determined those intruders had obtained a copy of a backup file containing user names, email addresses — and more importantly, encrypted billing addresses and encrypted credit card information. If you ever find yourself sitting across from Gabe Newell at a poker table, do yourself a favor. Event occurs at Retrieved January 5, In how much money does gabe newell make a minute interview with Game Informer magazine, he called the PlayStation 3 «a total disaster on so many levels. Deeply steeped in nearly every aspect of the new game, Newell felt he needed some distance on the process to remain objective on its progress. InNewell openly expressed his displeasure over developing his software for gaming consoles, particularly the PlayStation 3. Rather than crying foul as they did when Sony suffered a similar intrusion, most gamers shrugged it off. Forbes noted that Newell has been at the head of Valve since he co-founded it inand while Valve is not a publicly traded company and thus doesn’t disclose its financials, the site estimates he owns just over half of it. In regard to the system, Newell was once quoted as claiming that developing processes for the console in general was «a waste of everybody’s time» [9] and «a disaster on many levels Book Category. Like Apple, Valve created an ecosystem that hundreds of millions of people bought in to in Steam; it’s the equivalent of Apple’s App Store, only for PC and Mac computers. Retrieved January 18, Steam is also far better than Apple’s App Store on Mac.