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Gabe Newell Has Larger Net Worth than Oprah, Donald Trump

Many gamers and enthusiasts alike have assumed that Valve Corporation co-founder and president Gabe Newell is probably absurdly rich. Like, swims in a pool of cash a-la Scrooge McDuck rich. It seems like speculation was spot on, according to the newly published richest people in America list.

In the newly updated list, Gaben was listed at #134 on the list, sitting atop a personal fortune of $4.1 billion in net worth. To put this into perspective, Gabe has more cash than Oprah and even the incoming god-emperor-POTUS Donald Trump.

To really start comparing cash-backed personalities, Oprah sits at #239 at $2.8 billion and Donald Trump is found at #156 with $3.7 billion, the latter of which probably angers people simply by existing.

The previous time Forbes updated their list of billionares, Gabe was listed much lower, meaning the company has become that much more profitable in recent years. It certainly shows as more gaming publishers are releasing their stuff exclusively on Steam, and their concurrent userbase has only grown.

Gabe recently did an AMA on Reddit, where he talked up the company’s direction, where he wants to see their development go, as well as his regrets with the iconic Half Life series. You can read more about that here.

Image Source: VG Cats

,
Brandon Orselli

About

Owner and Publisher at Niche Gamer and Nicchiban. Outlaw fighting for a better game industry. Pronouns: Patriarch, Guido, Olive.




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40 comments
  1. Anon_Amous
    Anon_Amous
    January 18, 2017 at 10:03 am

    “the latter of which probably angers people simply by existing.”

    Hahahaha.

  2. Mark Samenfink
    Mark Samenfink
    January 18, 2017 at 10:05 am

    Is that pic from a Flashgitz video?

  3. Mr0303
    Mr0303
    January 18, 2017 at 10:12 am

    That’s what happens when you have a near monopoly on the PC market.

  4. DrearierSpider
    DrearierSpider
    January 18, 2017 at 10:38 am

    Looks like Gabe has no incentive to make quality control great again.

  5. lucben999
    lucben999
    January 18, 2017 at 10:47 am

    I think it’s from an old VG Cats comic.

  6. Brandon Orselli
    Brandon Orselli
    January 18, 2017 at 11:25 am

    It is. I totally forgot to source it.. looking for the URL

  7. totenglocke
    totenglocke
    January 18, 2017 at 12:20 pm

    Nah, he doesn’t steal your wallet anymore. Steam sales have been very disappointing for the last two years. I used to buy so many games each sale, now I might get one because the discounts aren’t anything special.

  8. alterku
    alterku
    January 18, 2017 at 12:24 pm

    So long as he makes the right moves for gamers and not just for corporations it’s deserved. I hate DRM as much as anyone but Steam is about as unobtrusive as it gets. I’ll deal with it to pay decent prices for games.

    Just so long as he keeps his word about us keeping the games if the servers ever go down for good, and doesn’t try any more paid mod bullshit. There are better ways to reward modders for their works of love than by turning it into a business that extracts even more blood from your customers. See the long war mod and Xcom 2 for inspiration.

  9. randomdude
    randomdude
    January 18, 2017 at 12:31 pm

    and consoles keep shooting themselves in the foot.

  10. NuclearKangaroo
    NuclearKangaroo
    January 18, 2017 at 12:44 pm

    which is almost inevitable with almost everybody else offers a shittier service in comparison

  11. VirtualBro
    VirtualBro
    January 18, 2017 at 12:55 pm

    Maybe you should stick to commenting on gaming-related stuff instead of parroting /r/The_Donald-isms

  12. TheOnceAndFutureKing
    TheOnceAndFutureKing
    January 18, 2017 at 1:08 pm

    If he became president instead, there would never be world war 3

  13. Uncle Ocelot
    Uncle Ocelot
    January 18, 2017 at 1:23 pm

    Imagine all the knives he could buy.

  14. Ruggarell
    Ruggarell
    January 18, 2017 at 1:40 pm

    Yet can’t even make/fund new games anymore. He’s supposed to be the representation for PC gaming? LEL.

  15. anonemouse
    anonemouse
    January 18, 2017 at 1:43 pm

    I’d vote for him, but I’m afraid he won’t last more than 2 years.

  16. Feniks
    Feniks
    January 18, 2017 at 2:03 pm

    Not just a monopoly. Every second you’re logged in you are under the microscope of Valve. They data mine the shit out of you and sell that valuable info to marketing suits working at the publishers.

    Valve is sitting on a goldmine that will never run out. Credit to Steam: they’re not yet making money with product placement like MS.

  17. Nagato
    Nagato
    January 18, 2017 at 2:09 pm

    It’s not quite a true monopoly in the same way digital sales go on consoles, though, in that Valve allows devs and pubs to independently sell keys to their games elsewhere without giving them a single cut.

  18. Uncle Slick
    Uncle Slick
    January 18, 2017 at 5:15 pm

    Yeah, he’s one smart dude.

  19. larverto365
    larverto365
    January 18, 2017 at 5:50 pm

    inb4 people call gabe a jew

  20. Brandon Orselli
    Brandon Orselli
    January 18, 2017 at 6:51 pm

    amazing TY. I spent way too much time looking for it in their archives.

  21. Fenrir007
    Fenrir007
    January 18, 2017 at 7:02 pm

    May he live long and prosper.

  22. NuclearKangaroo
    NuclearKangaroo
    January 18, 2017 at 7:05 pm

    well i didnt want to comment on it but saying

    “the latter of which probably angers people simply by existing.”

    doesnt sound a lot like a joke, it looks like you are trying to jerk the guy off, just saying fam, not everyone wants to hear about stump at every corner, particularly if ya aint american

    just sayin’

  23. (((Ω)))
    (((Ω)))
    January 18, 2017 at 8:00 pm

    Why? The people who use this site are not known for political correctness or cuckery, so if it bothers you that much go to Jed Whittaker’s blog page (Descucktoid).

  24. Zombie_Barioth
    Zombie_Barioth
    January 18, 2017 at 8:56 pm

    Are you implying the bar is set really high?

    As far as UI, platform features, and such I might agree, but not from a QA or customer service perspective.

    I mean we are talking about the same company that only started offering refunds due to a lawsuit after all.

    Hell, even the 2x “worst company in America” winner beat them to it.

  25. NuclearKangaroo
    NuclearKangaroo
    January 18, 2017 at 10:01 pm

    i aint arguing the customer service part

    but the QA really isnt all that important, you have user reviews, you have curators, you have the entire internet and now you have refunds, if you buy a shitty game on steam you have nobody to blame but you

    besides, QA really didnt work for steam in the past, and many games were left out of the store page, such as unity of command, which was denied access at the time

    thats the inherent problem with QA, who gets to decide what is quality?

    the one instance in which some level of QA would be acceptable for me, is simply making sure the game works at the time of release (which on itself isnt really easy to properly check on PC, with games failing to run properly due to any number of obscure reasons)

    steam itself provides cloud saving, achievements, matchmaking, trading cards, community market, workshop support, community support, huge library of games, etc

    compared to some other digital distribution platforms on PC that struggle to simply run the fucking games, calling steam a monopoly might be more or less correct, but i feel it directs undue negativity towards valve

    thats like calling the guy who won a race against three quadriplegics and a guy in a wheelchair (gog) a cheater, its not like he can help it without purposefully gimping himself

    so to answer your rhetorical question, either valve set the bar high, or everyone else set it really really low

  26. Brandon Orselli
    Brandon Orselli
    January 18, 2017 at 11:09 pm

    TBH I wrote that line simply pointing out how angry people are at him existing. IDK. I didn’t say he’s a good guy or anything lol

  27. NuclearKangaroo
    NuclearKangaroo
    January 18, 2017 at 11:14 pm

    heh its alright fam, to be honest in my opinion the election was probably orchestrated by Taro Yoko, because all possible endings were terrible

    either way you wouldve had people complaining, but thats politics for ya

  28. Zombie_Barioth
    Zombie_Barioth
    January 18, 2017 at 11:33 pm

    Well I’d beg to differ, QA IS important.

    Its no secret that they allow a flood of asset-flipping, system exploiting, and literally broken Greenlight and Early Access games.

    They’ve become known as “Pewdiepie bait” for a reason.

    That’s why I distinguished Steam as a platform from Steam as a storefront.

    QA would also cover things like refunds, which Valve absolutely refused to do until AUS sued them for it.

    That’s the point you seem to be missing, Valve are far from perfect, much less racing handicapped people as you so eloquently put it.

    They don’t have a true monopoly, but its pretty damn close, much like you see with Intel or Microsoft.

    Its gotten to the point where most games HAVE to be on Steam, many ONLY being found or usable there.

  29. Trouble Man
    Trouble Man
    January 18, 2017 at 11:36 pm

    It is something his supporters literally say. For people to understand something is a joke, it has to have, you know, an absurdism or a punchline or something.

  30. Trouble Man
    Trouble Man
    January 18, 2017 at 11:37 pm

    You forgot some parens there, my )))friend(((

  31. Trouble Man
    Trouble Man
    January 18, 2017 at 11:38 pm

    *ba dum tiss*

  32. 真・女神転生
    真・女神転生
    January 19, 2017 at 1:48 am

    Glorified DRM is truly free!

  33. 真・女神転生
    真・女神転生
    January 19, 2017 at 1:50 am

    If I were this rich I’d prob take care of my health better. Fatty.

  34. NuclearKangaroo
    NuclearKangaroo
    January 19, 2017 at 2:44 am

    sorry in advance for the incoming wall of text

    “Well I’d beg to differ, QA IS important.

    Its no secret that they allow a flood of asset-flipping, system exploiting, and literally broken Greenlight and Early Access games.”

    allow me to illustrate my point, im going to name every game in my steam front page, lets see how many bad games i can count, and by bad games i mean games with mixed user reception or worse

    Features and Recommended titles:
    -Borderland: the Pre-Sequel (very positive reception)
    -Stardew Valley (extremely positive reception)
    -Sanctum (very positive reception)
    -Dark Souls 3 (very positive reception)
    -Guns of Icarus Online (very positive reception)
    -Rainbow Six Siege (very positive reception)
    -Deus Ex: Mankind Divided (mixed reception, albeit i doubt valve wouldve denied this game access to the store, most complains seem to be related to performance)
    -Dirty Bomb (mostly positive reception)
    -Planet Coaster (very positive reception)
    -Quake 3 Arena (extremely positive reception)
    -Primal Carnage (mostly positive reception)
    -The Little Acre (very positive reception)

    Offers:
    -Stellaris (very positive reception)
    -Steep (mostly positive reception)
    -WRC 6 FIA World Rally Championship (mixed reception)
    -Super Hot (very positive reception)
    -Momodora: Reverie Under the Moonlight (extremely positive reception)
    -Dead Effect 2 (mostly positive reception)
    -Oh…Sir!! (extremely positive reception)
    -Melody’s Escape (very positive reception)
    -Kopanito All-Stars Soccer (very positive reception)
    -Life Goes On (very positive reception)

    Popular among friends:
    -The Binding of Issac: Rebirth (extremely positive reception)
    -Payday 2 (very positive reception)
    -Geometry Dash (extremely positive reception)
    -Rocket League (very positive reception)
    -Darkest Dungeon (very positive reception)
    -Hotline Miami 2 (very positive reception)
    -Counter Strike (extremely positive reception)
    -Total War: Warhammer (mixed reception, here the problem seems to be a combination of complains about performance and DLC model, just like Deus Ex, i dont see steam denying this game entry to the store)

    Curator recomendations:
    -Offworld Trading Company (mostly positive reception)
    -Mother Russia Bleeds (very positive reception)
    -Shadow Tactics (extremely positive reception)
    -Civilization 6 (mostly positive reception)
    -Dead Rising (very positive reception)
    -Owlboy (extremely positive reception)
    -Resident Evil 4 (very positive reception)
    -Jackbox party pack 3 (very positive reception)
    -Football Manager 2017 (mostly negative, just like deus ex and total war, this could never get denied entry to steam, i dont know why fans keep buying the games if they hate it so much apparently)

    Recently Updated:
    -SMITE (very positive reception)
    -Panzer Corps (very positive reception)
    -Shadowverse (very positive reception)
    -Warframe (very positive reception)

    Popular new releases:
    -Hive Jump (positive reception)
    -Siegecraft Commander (mostly positive reception)
    -Don Bradman Cricket 17 (mixed reception)
    -I Am The Hero (very positive reception)
    -Zombie Estate 2 (very positive reception)
    -Rise & Shine (mostly positive reception)
    -Detention (very positive reception)
    -Zup! 3 (very positive reception)
    -Criminal Girls: Invite Only (mostly positive reception)
    -Ladykiller in a Bind (positive reception)

    Best Sellers:
    most of these titles ive already mentioned, the only titles i havent are Resident Evil 7 and Urban Empire, neither of which has reviews yet

    Coming Soon:
    obviously no reviews here

    Specials:
    all titles i mentioned already, with the exception of two Stellaris DLCs, both with good reviews

    and thats it, 43 titles counting repeats, only 5 of them didnt have positive reviews, and 3 of those wouldve almost certainly made its way into the store because they are best selling franchises

    if i want to see shitty games on steam i need to get out of my way to actually LOOK for them

    “That’s the point you seem to be missing, Valve are far from perfect, much less racing handicapped people as you so eloquently put it.”

    i never argued they were perfect, but they ARE racing against some incompetent fools, look at the window store, origin and uplay, they all make you download software you probably dont want on your PC, the window store forces your PC to get a terminal case of windows 10, and games using the Windows Store SDK have been known in the past to have issues related to it, and then theres the dubious performance of directx 12, Uplay cannot even be trusted to properly work during a mayor game launch, origin is the least shitty of these and it actually offers some perks such as free games, but the amount of features and games available is still pitiful compared to steam

    gog is honestly the least awful alternative, it doesnt force you to download an extra client, and DRM is a nice feature for those who actually care about that shit, but it comes with a price, and the store is almost devoid of features like achievements, cloud saving, etc. also most games in the store are strictly single player

    galaxy was meant to solve gog’s problems, but it doesnt look like development is advancing at a significant pace

    “They don’t have a true monopoly, but its pretty damn close, much like you see with Intel or Microsoft.”

    well you see, microsoft atleast has indulged in anti-competitive behavior before, thats something valve hasnt done, and thats a big difference, its true a monopoly doesnt benefit the customer, but in this kind of monopoly, the only way to avoid it is having valve fuck things up, and that doesnt benefit us either, all we can do is hope the competition starts actually competing

    “Its gotten to the point where most games HAVE to be on Steam, many ONLY being found or usable there.”

    but thats not really valve’s fault, they dont have an exclusivity clause or even launch parity requirements, hell i remember gabe newell himself saying they encourage devs to release in as many platforms as possible, which is why so many indies end up on gog, many of the bigger devs avoid this tough, i think they actually believe steamworks prevents piracy, poor bastards

    again, sorry for the verbose response

  35. (((Ω)))
    (((Ω)))
    January 19, 2017 at 4:15 am

    Oy vey

  36. Phasmatis75
    Phasmatis75
    January 19, 2017 at 6:44 pm

    I took it as an anti Trump message, so looks like you really hit the nail on the head with that joke.