Valve worth $3 billion - Report

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.

by

Valve Software, maker of Half-Life, Portal, and Counter-Strike, is worth $3 billion, business magazine Forbes has discovered.

Valve has a lot of money, according to Forbes.

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.

Discussion

92 comments
anhnhay
anhnhay

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

anhnhay
anhnhay

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 

Jebril
Jebril

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!

mos2000
mos2000

Finally - someone who deserves their riches within the community...

HaloPimp978
HaloPimp978

That's alot of money. Well Steam is awesome and making them alot of money so no surprise.

Majkic666
Majkic666

LONG LIVE VALVE!!! now go out and kill EA and their retarded Origin!

Sigil-otaku
Sigil-otaku

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.

esba160
esba160

The point my friend is that PC gaming is still alive.

LindBergh2007
LindBergh2007

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.

0678
0678

you could buy a lot of hats with that...

CptRexKramer
CptRexKramer

Must be a great feeling to be called a billionaire............ (sigh)

MERGATROYDER
MERGATROYDER

So glad that Valve is doing so well. Been with them since the beginning, and will happily throw my money at them.

jdog8888888
jdog8888888

Half life was ahead of it's time, so was Steam. Steam is the reason for this valuation. Good for them.

nurnberg
nurnberg

"Forbes notes there are 1,226 billionaires living today" Am I the only one who find this really disturbing? This is way too many.

awheaten
awheaten

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.

gatsbythepig
gatsbythepig

I can't believe this company isn't traded publicly. I would have invested years ago.

Wavory
Wavory

Valve is one of the last company that can truly say are pc companies.

nate1222
nate1222

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.

lakers808
lakers808

and people say that pc gaming is doomed! Valve earns most of its revenue from pc gaming....

lakers808
lakers808

[This message was deleted at the request of the original poster]

4rcher91
4rcher91

Valve, I think you already got more than enough budget to make Half-Life 3 :D

mhaed
mhaed

We haven't even seen Episode 3 yet... Half-Life 3 would be a dream come true.

badstyle
badstyle

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.

flipin_jackass
flipin_jackass

That sounds reasonable, unlike Zynga's $20 billion valuation. Well deserved for Valve.

forest4
forest4

What if Newell suddenly decides to pull the website, withdraw all his hundereds of millions, and move to Angola?

Raxyman
Raxyman

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...

supertom221
supertom221

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.

aermeus
aermeus

Half life 3 was started...but Gabe ate the development team!

The_Godfather_
The_Godfather_

nice money you've got there Valve. Now, let's talk about Half-Life 3!

bongsyas_23
bongsyas_23

with all that money, there's no reason why they can't get HL3 on store shelves

Evenios
Evenios

wow i got his autograph from a poster they personally mailed me cool! :-)

comb5
comb5

My eyes must be deceiving me, cause I swear I just saw the number "3" and "Valve" in the same headline.

KhanhAgE
KhanhAgE

Remember Half-Life Valve? Half-Life... please?

PeterDuck
PeterDuck

Valve will be the last distributor standing precisely because they own the equivalent of xbox live and playstation network.

Lotus-Edge
Lotus-Edge

This raises the question... how many billions does it take to make Half-Life 3?

FuryX-4
FuryX-4

With more money in his pocket, it was really worth the wait.

Cobretti1818
Cobretti1818

Gabe is literally worth his weight in Gold.

BPoole96
BPoole96

Valve certainly deserves it

Barighm
Barighm

Two analysts, investors, and mystery insiders...yeah, I wouldn't celebrate Valve's first 3 just yet.

sortajan
sortajan

[This message was deleted at the request of the original poster]

freestyler_85
freestyler_85

thats alot of money... for gabe to spend on twinkies and white castle

XboxGuy1537
XboxGuy1537

Please invest some money into some 3RD GAMES like Portal 3, Team Fortress 3, Left 4 Dead 3, or maybe....Half Life 3?

Gears_0f_L0ve
Gears_0f_L0ve

@Sigil-otaku You don't get the business maybe.  Sounds simple on the surface:  hats.. but its not about hats, its about being unique among your peers and having a reputation.  People will pay for that.   Its the reason why we all play multiplayer games in the first place... to have a high score and be known.  "hats" or better known as customizations  are an extension to that.  There is an economy in TF2 and Dota2,  so they have real value, just as bitcoin does.