So Gabe Newell is a Billionaire....

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Diablos1125

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#1  Edited By Diablos1125
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AlexanderSheen

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#2  Edited By AlexanderSheen

So... now what?

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jjnen

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#3  Edited By jjnen

Let's go to space?

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ajamafalous

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#4  Edited By ajamafalous
@AlexanderSheen said:

So... now what?

Knives for days.
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CheapPoison

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#5  Edited By CheapPoison

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

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

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Simplexity

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#6  Edited By Simplexity

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

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icicle7x3

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#7  Edited By icicle7x3

That's a lot of knives.

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AhmadMetallic

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#8  Edited By AhmadMetallic

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.

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SomeDeliCook

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#9  Edited By SomeDeliCook

He could buy a lot of TF2 hats

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Firepaw

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#10  Edited By Firepaw

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

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Jadeskye

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#11  Edited By Jadeskye

@ajamafalous said:

@AlexanderSheen said:

So... now what?

Knives for days.

Yes.

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thedj93

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#12  Edited By thedj93

he probably hosts the best parties

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shirogane

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#13  Edited By shirogane

@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.

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RagingLion

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#14  Edited By RagingLion

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.

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thedj93

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#15  Edited By thedj93

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

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sjupp

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#16  Edited By sjupp

Oh Gabe, you so rich.

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Winternet

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#17  Edited By Winternet

Sounds about right.

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optimusprime223

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#18  Edited By optimusprime223

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

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RandomInternetUser

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@ajamafalous said:

@AlexanderSheen said:

So... now what?

Knives for days.

Replace the moon with a moon-size knife!

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AhmadMetallic

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#20  Edited By AhmadMetallic
@SomeDeliCook said:

He could buy a lot of TF2 hats

Dear god!
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korwin

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#21  Edited By korwin

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

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Vegetable_Side_Dish

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

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MattyFTM

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#23  Edited By MattyFTM  Moderator

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?

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MacEG

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#24  Edited By MacEG

@CheapPoison said:

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

YES

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moncole

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#25  Edited By moncole

I read about this yesterday, and thats awesome.

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amir90

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#26  Edited By amir90

Has he started to donate? :)

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

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AlwaysBeClothing

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#27  Edited By AlwaysBeClothing

@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.

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GunnBjorn

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#28  Edited By GunnBjorn

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

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mattbodega

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#29  Edited By mattbodega

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!

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Rolyatkcinmai

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#30  Edited By Rolyatkcinmai

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.

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ajamafalous

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#31  Edited By ajamafalous
@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!
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isomeri

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#32  Edited By isomeri

I'm not surprised at all.

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JasonR86

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#33  Edited By JasonR86

...and?

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laserbolts

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#34  Edited By laserbolts

@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.

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phish09

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#35  Edited By phish09
@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?
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Ravenlight

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#36  Edited By Ravenlight

@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

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Dany

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#37  Edited By Dany

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

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#38  Edited By jozzy

@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.

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TehBuLL

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#39  Edited By TehBuLL

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.

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ghost_cat

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#40  Edited By ghost_cat

Produce the biggest knife convention ever.

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AlexanderSheen

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#41  Edited By AlexanderSheen

@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?

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lockwoodx

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#42  Edited By lockwoodx

@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!

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louiedog

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#43  Edited By louiedog

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

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AhmadMetallic

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#45  Edited By AhmadMetallic
@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
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#46  Edited By Benny

@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.

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nobull6

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#47  Edited By nobull6

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

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Yanngc33

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#48  Edited By Yanngc33

@ajamafalous said:

@AlexanderSheen said:

So... now what?

Knives for days.

He can now buy all the knives