Avatar image for diablos1125
#1 Posted by Diablos1125 (190 posts) -
Avatar image for alexandersheen
#2 Posted by AlexanderSheen (5150 posts) -

So... now what?

Avatar image for jjnen
#3 Posted by jjnen (680 posts) -

Let's go to space?

Avatar image for ajamafalous
#4 Posted by ajamafalous (13312 posts) -
@AlexanderSheen said:

So... now what?

Knives for days.
Avatar image for cheappoison
#5 Posted by CheapPoison (1031 posts) -

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

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

Avatar image for simplexity
#6 Posted by Simplexity (1430 posts) -

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

Avatar image for icicle7x3
#7 Posted by Icicle7x3 (1258 posts) -

That's a lot of knives.

Avatar image for ahmadmetallic
#8 Posted by AhmadMetallic (19301 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.

Avatar image for somedelicook
#9 Posted by SomeDeliCook (2353 posts) -

He could buy a lot of TF2 hats

Avatar image for firepaw
#10 Posted by Firepaw (3046 posts) -

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

Avatar image for jadeskye
#11 Posted by Jadeskye (4392 posts) -

@ajamafalous said:

@AlexanderSheen said:

So... now what?

Knives for days.

Yes.

Avatar image for thedj93
#12 Posted by thedj93 (1261 posts) -

he probably hosts the best parties

Avatar image for shirogane
#13 Posted by Shirogane (3622 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.

Avatar image for raginglion
#14 Posted by RagingLion (1395 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.

Avatar image for thedj93
#15 Posted by thedj93 (1261 posts) -

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

Loading Video...
Avatar image for sjupp
#16 Posted by Sjupp (1948 posts) -

Oh Gabe, you so rich.

Avatar image for winternet
#17 Posted by Winternet (8395 posts) -

Sounds about right.

Avatar image for optimusprime223
#18 Posted by optimusprime223 (460 posts) -

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

Avatar image for randominternetuser
#19 Posted by RandomInternetUser (6805 posts) -

@ajamafalous said:

@AlexanderSheen said:

So... now what?

Knives for days.

Replace the moon with a moon-size knife!

Avatar image for ahmadmetallic
#20 Posted by AhmadMetallic (19301 posts) -
@SomeDeliCook said:

He could buy a lot of TF2 hats

Dear god!
Avatar image for korwin
#21 Posted by korwin (3823 posts) -

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

Avatar image for vegetable_side_dish
#22 Edited by Vegetable_Side_Dish (1762 posts) -

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

Avatar image for mattyftm
#23 Posted by MattyFTM (14792 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
Avatar image for maceg
#24 Posted by MacEG (282 posts) -

@CheapPoison said:

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

YES

Avatar image for moncole
#25 Posted by Moncole (666 posts) -

I read about this yesterday, and thats awesome.

Avatar image for amir90
#26 Posted by amir90 (2243 posts) -

Has he started to donate? :)

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

Avatar image for alwaysbeclothing
#27 Posted by AlwaysBeClothing (1764 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.

Avatar image for parademise
#28 Posted by GunnBjorn (2905 posts) -

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

Avatar image for mattbodega
#29 Posted by MattBodega (2277 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!

Avatar image for rolyatkcinmai
#30 Posted by Rolyatkcinmai (2763 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.

Avatar image for ajamafalous
#31 Posted by ajamafalous (13312 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!
Avatar image for isomeri
#32 Posted by isomeri (2650 posts) -

I'm not surprised at all.

Avatar image for jasonr86
#33 Posted by JasonR86 (10173 posts) -

...and?

Avatar image for laserbolts
#34 Posted by laserbolts (5506 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.

Avatar image for phish09
#35 Posted by phish09 (1115 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?
Avatar image for ravenlight
#36 Posted by Ravenlight (8057 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

Avatar image for dany
#37 Posted by Dany (8018 posts) -

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

Avatar image for jozzy
#38 Posted by jozzy (2053 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.

Avatar image for tehbull
#39 Edited by TehBuLL (786 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.

Avatar image for ghost_cat
#40 Posted by Ghost_Cat (2037 posts) -

Produce the biggest knife convention ever.

Avatar image for alexandersheen
#41 Posted by AlexanderSheen (5150 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?

Avatar image for lockwoodx
#42 Posted by lockwoodx (2531 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!

Avatar image for louiedog
#43 Posted by louiedog (2388 posts) -

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

Avatar image for jaytow
#44 Posted by Jaytow (793 posts) -

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

Avatar image for ahmadmetallic
#45 Posted by AhmadMetallic (19301 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
Avatar image for benny
#46 Edited by Benny (2009 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.

Avatar image for nobull6
#47 Posted by nobull6 (232 posts) -

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

Avatar image for yanngc33
#48 Posted by Yanngc33 (4551 posts) -

@ajamafalous said:

@AlexanderSheen said:

So... now what?

Knives for days.

He can now buy all the knives