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There's a video games billionaire among the 100 richest people in America now: Gabe Newell is placing highly in the Forbes 400. The founder and CEO of Valve was valued at $5.5bn, up from the 4.1bn Forbes estimated in its March 2017 Billionaires list - not bad for a Harvard University drop-out. His net worth has increased fivefold from the $1.1bn it was reported as in March 2013.
Naturally, his success can be attributed to the ongoing dominance of Valve and its Steam marketplace that Forbes reports "sells game licenses to 125m users". Valve is not a publicly listed company and therefore doesn't share its financials, but Forbes estimates just over half the company is owned by Newell. Newell's self-made score - a 1 to 10 ranking that indicates whether their fortune was entirely inherited (1) or built from the ground up (10) - is an impressive 8.
Naturally, his success can be attributed to the ongoing dominance of Valve and its Steam marketplace that Forbes reports "sells game licenses to 125m users". Valve is not a publicly listed company and therefore doesn't share its financials, but Forbes estimates just over half the company is owned by Newell. Newell's self-made score - a 1 to 10 ranking that indicates whether their fortune was entirely inherited (1) or built from the ground up (10) - is an impressive 8.