Gabe Newell Net Worth | TheRichest
Gabe Newell
Birthname Gabe Logan Newell Birthdate November 3, 1962 Birthplace Seattle, Washington, United States Height 1.7 m (5' 7") Education Harvard University Profession Businessman Net worth $5,500,000,000 Source of Wealth Business (Technology - Valve Corporation) Nationality American Country United States Marital Status Married (Lisa Mennet) Children 2Quick Links
Gabe Logan Newell, popularly referred to as Gabe Newell, was born on 3rd of November, 1962. He co-founded the video game company “Valve Corporation.” His net worth stands at an impressive $5.5 billion.
Gabe has earned his huge wealth by working for many years in Microsoft Corporation and later as the co-founder of Valve Corporation. His business venture has come up with video games that have gone on to become hugely successful. Both “Half-Life” and “Counter-Strike” have been developed by Valve Corporation. This company was established by Gabe Newell and his colleague from Microsoft, Mike Harrington.
Newell worked for thirteen years at Microsoft. He was one of the producers of all the three versions of Windows. An employee of Microsoft, Michael Abrash, left the company to work for the “Quake” video game that was developed by “ID Software”. Newell was inspired. He and Mike decided to leave their plush jobs in 1996 to set up their own business. It was formed with the money they had made.
The business was very successful, as Valve kept coming out with successful video games like Day of Defeat, Portal, Half-Life, and Counter-Strike among others. He focused on the “Stream Project” during the production of “Half-Life 2”. He was not pleased for developing software for Play Station 3 and all the gaming consoles. But in 2010, he announced Portal 2 for Play Station 3. For his work on Stream, Forbes has named Gabe Newell. He was included in the list “A Name You Should Know” in 2010.
Gabe Newell married Lisa. The couple has two sons.
Earnings & Financial Data
Date | Category | Description | Amount |
|---|---|---|---|
2012 | Asset | Total equities of Valve corporation for the year 2012 | $2,500,000,000 |
2011 | Asset | Estimated value of Valve Corporation | $3,000,000,000 |
2009 | Lawsuit Settlement | Money earned from the lawsuit settlement against Activision who allegedly refused to honor the Valve v. Vivendi arbitration agreement. | $1,970,000 |
2005 | Earnings | Gross earnings of Valve Corporation for the year 2005 | $70,000,000 |
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