Rank #295
Gabe Newell
Net worth $11.0B
Video games · United States
- Born
- Nov 03, 1962
- Age
- 63
- Source
- Video games
- Residence
- Seattle, Washington
- Citizenship
- United States
- Marital status
- Divorced
- Children
- 2
- Education
- Drop Out, Harvard University
Net worth over time
Biography
- Gabe Newell has led Valve Corp., which develops video games, since he cofounded it in 1998 with former Microsoft colleague Mike Harrington.
- The company found initial success with games like Half-Life and Portal.
- Valve Corp. plays a big role in PC game sales through Steam, a digital platform for buying, selling and playing video games.
- Steam reached 1 billion accounts in 2019 and continues to set active user records.
- Forbes estimates that Newell owns at least one half of the company, which operates out of Bellevue, Washington.
- Newell was hired by Steve Ballmer as Microsoft's 271st employee after dropping out of Harvard.
- Valve released a hand-held gaming console in 2022 called the Steamdeck, which lets gamers play a variety of Steam's offerings on the portable device.