@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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