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.

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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.
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.

GameSpot may get a commission from retail offers.

Got a news tip or want to contact us directly? Email news@gamespot.com

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airforce09

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Just wait until HALF LIFE 3

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anhnhay

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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

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anhnhay

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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

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Avatar image for Jebril
Jebril

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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!

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mos2000

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

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HaloPimp978

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

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Avatar image for Majkic666
Majkic666

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

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Avatar image for dddddddo
dddddddo

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Money or worth?

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Sigil-otaku

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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.

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Gears_0f_L0ve

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@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.

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esba160

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

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onyxdragon7

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Just make the "Steam Box" please!

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LindBergh2007

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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.

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0678

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

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CptRexKramer

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

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Gears_0f_L0ve

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<< LINK REMOVED >> Let alone millionaire right? or even thousandaire... gosh

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Avatar image for MERGATROYDER
MERGATROYDER

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

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jdog8888888

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@nurnberg we are the 99%

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jdog8888888

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

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Avatar image for nurnberg
nurnberg

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

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Avatar image for awheaten
awheaten

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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.

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gatsbythepig

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

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Wavory

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

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nate1222

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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.

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lakers808

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

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lakers808

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

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atopp399

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A tidy sum.

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4rcher91

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

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mhaed

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

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badstyle

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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.

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flipin_jackass

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

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forest4

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

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Raxyman

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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...

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supertom221

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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.

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aermeus

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

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The_Godfather_

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

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Avatar image for bongsyas_23
bongsyas_23

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

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Evenios

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

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comb5

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

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KhanhAgE

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

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PeterDuck

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

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Suikogaiden

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Lotus-Edge

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

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FuryX-4

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

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-HaloHitman-

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geez

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Cobretti1818

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Gabe is literally worth his weight in Gold.

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BPoole96

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Valve certainly deserves it

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Barighm

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

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sortajan

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freestyler_85

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

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