Gabe Newell's net worth is estimated at $3.9 million.
Overview
Gabe Newell's net worth stats
| Net worth: | $3.9 billion |
|---|---|
| Source of wealth: | Software, gaming |
| Date of birth: | 1962 |
| Place of birth: | Colorado |
How did Gabe Newell build his net worth?
Gabe Newell's net worth can be attributed to his career as a software developer at Microsoft and Valve.
He went to work for Bill Gates and Paul Allen at Microsoft in 1983 and spent just over 13 years with the company as the lead developer. He is one of the key figures in the first three iterations of Windows, where he earned his first million.
Ten years later, in 1993, Gabe was the lead in developing the cult-classic first-person shooter game DOOM for Windows 95. His work porting it made Windows viable as a platform for gaming.
Newell later left the company along with Mike Harrington to work on the development of his game company, Valve.
Launched in 1996, its first project was funded with personal funds. Half-life was released in 1998; however, Harrington left Valve in 2000.
Gabe went on to develop Steam in 2004, along with Half-life 2. Steam was a huge success, capturing the lion’s share of the PC gaming market.
He was also working on software for Sony gaming consoles during this time. He released Portal 2 for the console and built Steamworks support into the console.
Over the years, he continued to manage Steam while creating new games and software for Valve.
How has Gabe Newell spent his wealth?
According to reports, Gabe Newell owns a comfortable Seattle home on the shores of Lake Washington and a holiday home in the beautiful Ocean Park near Long Beach in Washington.
He drives a Porsche 911, and, like most billionaires, he takes regular vacations on his private yacht. He paid $100 million for the yacht. Maintenance costs between $5-10 million a year.
Though he doesn’t support a specific charity, Gabe Newell has been known to give generously to charity. He found himself stuck in New Zealand during the lockdown and donated around $286,000 to a children’s charity.
FAQs
How rich is Gabe Newell?
Gabe Newell is worth $3.9 billion.
Is Gabe Newell a billionaire?
Yes. Gabe Newell is a billionaire.
Image: Wikimedia
