Valve's Gabe Newell makes the Forbes billionaire list

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Valve’s Gabe Newell makes the Forbes billionaire list

On Forbe’s yearly list of billionaires, there are familiar names like Carlos Slim, Bill Gates and Warren Buffet, but among the new names this year is Valve CEO Gabe Newell. which considering the enormous success of Valve’s Steam platform, shouldn’t be surprising.

Gabe Newell has an estimated net worth of $1.5 billion, ranking 854th of the 1,226 billionaires in the world. Normally a video game exec being ranked 854th in something wouldn’t matter much, but when that rank is in the “these people have at least one billion dollars” list, even the losers are news. Newell owns more than 50 percent of Valve, which has an estimated enterprise value of $3 billion — conservatively — meaning Newell is actually probably worth more than $1.5 billion.

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