#1 Posted by Diablos1125 (179 posts) -
#2 Posted by AlexanderSheen (5008 posts) -

So... now what?

#3 Posted by jjnen (661 posts) -

Let's go to space?

#4 Posted by ajamafalous (11994 posts) -
@AlexanderSheen said:

So... now what?

Knives for days.
#5 Posted by CheapPoison (731 posts) -

I won't be happy till Valve is bigger then apple!

I think this is actually great news. Best news even.

#6 Posted by Simplexity (1382 posts) -

Doesn't really come as a surprise that the guy behind the biggest digital distribution platform in the world might be loaded.

#7 Posted by Icicle7x3 (1180 posts) -

That's a lot of knives.

#8 Posted by AhmadMetallic (18955 posts) -

I always tend to hate on corporations and rich people but I'll be damned if this man hasn't proven that he deserves every goddamn penny he has. 
 
More power to him.

#9 Posted by SomeDeliCook (2341 posts) -

He could buy a lot of TF2 hats

#10 Posted by Village_Guy (2579 posts) -

He is going to buy the biggest fucking knife in the world with that money.

Online
#11 Posted by Jadeskye (4367 posts) -

@ajamafalous said:

@AlexanderSheen said:

So... now what?

Knives for days.

Yes.

#12 Posted by thedj93 (1237 posts) -

he probably hosts the best parties

#13 Posted by Shirogane (3574 posts) -

@thedj93 said:

he probably hosts the best parties

Man, those would be some great parties, how many thousand PCs do you think there would be networked together? Probably all playing Dota2.

#14 Posted by RagingLion (1365 posts) -

But he doesn't have it in cash. He'd only have that money if he sold his stake in Valve.

Nevertheless I'm sure he has a decent amount of money and I'm delighted at his success and that of Valve.

#15 Posted by thedj93 (1237 posts) -

@Shirogane: like this but with more post-social-reject-cum-geniuses drunk off their FUCKIN ass!

#16 Posted by Sjupp (1910 posts) -

Oh Gabe, you so rich.

#17 Posted by Winternet (8019 posts) -

Sounds about right.

#18 Posted by optimusprime223 (399 posts) -

I wonder if the notion of buying a celebrity entered his head? he could do it...

#19 Posted by RandomInternetUser (6789 posts) -

@ajamafalous said:

@AlexanderSheen said:

So... now what?

Knives for days.

Replace the moon with a moon-size knife!

#20 Posted by AhmadMetallic (18955 posts) -
@SomeDeliCook said:

He could buy a lot of TF2 hats

Dear god!
#21 Posted by Korwin (2865 posts) -

Amazing how much money there is to be made in making things that don't suck.

#22 Edited by Vegetable_Side_Dish (1727 posts) -

Remember us Gaben..when you're up there on the big stage...how we used to roll together.. 
  

#23 Posted by MattyFTM (14384 posts) -

He has enough money to make genetically modified lemmings to answer his email for him. That's rich.

Although, does having non-liquid assets valued at over $1 billion actually make someone a billionaire? I mean, I would only classify someone as a billionaire if they had that much in cash and/or liquid assets. Owning a company worth that much doesn't really make you a billionaire, does it?

Moderator
#24 Posted by MacEG (254 posts) -

@CheapPoison said:

I won't be happy till Valve is bigger then apple!

YES

#25 Posted by Moncole (636 posts) -

I read about this yesterday, and thats awesome.

#26 Posted by amir90 (2156 posts) -

Has he started to donate? :)

From what I know, he wasn't all that rich when he started so, I am not "mad". :)

#27 Posted by AlwaysBeClothing (1470 posts) -

@MattyFTM: This is always my hangup. Its 1.5 billion theoretical dollars. The company's worth is just an estimate and its not like he's going to up and sell every single share that he owns. Though I imagine if he puts out a dividend he's going to be receiving a good portion of that Valve cashflow.

#28 Posted by GunnBjorn (2911 posts) -

What worth is 1.5 billion dollars, when your country has a debt of 16 trillion(!) dollars?

#29 Posted by MattBodega (1904 posts) -

You guys are all missing the big picture.

Gabe Newell can actually afford RENTING OUT THE ENTIRE STAPLES CENTER.

He's going to have the sweetest E3 party ever!

#30 Posted by Rolyatkcinmai (2687 posts) -

This has been known for quite some time. Nothing new here. He was in Forbes about it last year.

@GunnBjorn said:

What worth is 1.5 billion dollars, when your country has a debt of 16 trillion(!) dollars?

1.5 Billion.

#31 Posted by ajamafalous (11994 posts) -
@MattBodega said:

You guys are all missing the big picture.

Gabe Newell can actually afford RENTING OUT THE ENTIRE STAPLES CENTER.

He's going to have the sweetest E3 party ever!

Think of all the knives he could store there!
#32 Posted by isomeri (1275 posts) -

I'm not surprised at all.

#33 Posted by JasonR86 (9707 posts) -

...and?

#34 Posted by laserbolts (5322 posts) -

@GunnBjorn said:

What worth is 1.5 billion dollars, when your country has a debt of 16 trillion(!) dollars?

I would say it's worth about 1.5 billion.

#35 Posted by phish09 (1109 posts) -
@Simplexity said:

Doesn't really come as a surprise that the guy behind the biggest digital distribution platform in the world might be loaded.

So...you're under the impression that Gabe is the guy "behind" iTunes?
#36 Posted by Ravenlight (8040 posts) -

@MattBodega said:

You guys are all missing the big picture.

Gabe Newell can actually afford RENTING OUT THE ENTIRE STAPLES CENTER.

He's going to have the sweetest E3 party ever!

I LOL'd

#37 Posted by Dany (7887 posts) -

If Lorax taught me anything is that corporations are evil and Newel is an asshole who sells shit while sheeples buy them.

#38 Posted by jozzy (2042 posts) -

@AlwaysBeClothing said:

@MattyFTM: This is always my hangup. Its 1.5 billion theoretical dollars. The company's worth is just an estimate and its not like he's going to up and sell every single share that he owns. Though I imagine if he puts out a dividend he's going to be receiving a good portion of that Valve cashflow.

There are no billionairs in the world that actually have that amount of money lying around in cash, think of the tax you would have to pay on that. Of course it is invested into companies, real estate and what have you. Yes, it makes it a little theoretical, but in this case I think it's pretty accurate.

#39 Edited by TehBuLL (612 posts) -

I would go to ValveCon 2012.

*edit* Hell, they could call it SteamCon and invite everyone else and just take over this whole gaming convention scene.

#40 Posted by Ghost_Cat (1439 posts) -

Produce the biggest knife convention ever.

#41 Posted by AlexanderSheen (5008 posts) -

@xobballox said:

@ajamafalous said:

@AlexanderSheen said:

So... now what?

Knives for days.

Replace the moon with a moon-size knife!

Then how gonna Newt Gingrich build his Moon base? Built in the handle of the knife, maybe?

#42 Posted by lockwoodx (2479 posts) -

@MattBodega said:

You guys are all missing the big picture.

Gabe Newell can actually afford RENTING OUT THE ENTIRE STAPLES CENTER.

He's going to have the sweetest E3 party ever!

#43 Posted by louiedog (2335 posts) -

Is that just from Valve? Imagine if he started selling his knives on channel 773 at 1 AM on Saturday.

#44 Posted by Jaytow (694 posts) -

He should pull all of his resources and put it all into creating portal technology.

#45 Posted by AhmadMetallic (18955 posts) -
@Rolyatkcinmai said:

@GunnBjorn said:

What worth is 1.5 billion dollars, when your country has a debt of 16 trillion(!) dollars?

1.5 Billion.

Corrrectomundo
#46 Edited by Benny (1953 posts) -

@jozzy said:

@AlwaysBeClothing said:

@MattyFTM: This is always my hangup. Its 1.5 billion theoretical dollars. The company's worth is just an estimate and its not like he's going to up and sell every single share that he owns. Though I imagine if he puts out a dividend he's going to be receiving a good portion of that Valve cashflow.

There are no billionairs in the world that actually have that amount of money lying around in cash, think of the tax you would have to pay on that. Of course it is invested into companies, real estate and what have you. Yes, it makes it a little theoretical, but in this case I think it's pretty accurate.

Yes, all rich list types don't actually have their net worth in cash but rather tied up in stock and assets etc. (oil barons, tech companies that sort of thing.)

If he sold his share of the business tomorrow though, I reckon he could get double that value for his shares easily, the year on year growth of valve is insane. There are only about 250 people working there too so the overhead is extremely low compared to apple, microsoft etc. Much more profit per head, even though apple is worth 100 times more than valve.

Good for him and the company, just goes to show how keeping the customers best interests in mind compared to some, lets say less popular companies can work too.

#47 Posted by nobull6 (238 posts) -

Most of his net worth is on paper. He won't see those billions until he sells his shares in the company.

#48 Posted by Yanngc33 (4496 posts) -

@ajamafalous said:

@AlexanderSheen said:

So... now what?

Knives for days.

He can now buy all the knives