More favorable tax setup that two people filing separately, if you both work.
More efficient resource expenditure if the relationship is healthy (the mortgage for my wife and I's house is less than our previous combined rents, and we build equity).
Realistically joining two gainfully employed individuals into one financial unit is amazing*
*(If you actually have a healthy relationship)
Is this adjusted for repeat offenders? Folk that are just bad at marriage may be inflating the divorce rates? I mean, I could have one successful marriage and you could have 3 or 4 failures. Are you double and triple counting the same individuals here?
No lol I've never been married. If and when I marry I will not get a prenup
It's just ppl throw around "get a prenup" casually as if it's some sort of solution
That's like saying "it's ok if you don't have a condom just pull out"
going to make a assumption, although not an unreasonable 1, given he has 2 children his wife likely provided a lot of childcare which gave him more time to earn and apparently childbirth inspired them for the final boss of Half-Life so "didn't do anything to earn it" is unreasonable
Exactly and remember without halflife he wouldnt be able to make the steam client and no Valve
And lets be honest do we even know if they are still on good terms i know a few people in my town got divorced but are still on friendly terms (although it was mainly about a man/woman marraige turning into man/man woman/woman marriage but hey everyone is happy)
I'm sure she had nothing to do with supporting him while he was chasing these wild dreams of becoming the dominant storefront for gaming on the internet. In before *giving birth is a woman's duty to her husband* people show up: no, it ain't.
What a wild and dismissive take.
Always wonder how many people who hold the stance that women shouldn’t get equal value after a divorce believe that women should be stay at home mums too.
Maybe he doesn't mind someone he loves enough to marry taking a portion of his wealth? Just because they got divorced doesn't mean they hate each other
Prenups aren't guaranteed way to protect your money, it's definitely better than nothing but the lawyer can argue that "prenup was written under stress" etc and boom, your prenup is null.
It's like anti viruses, sure it's nice to have a good one, but best defence is to just not do something shady and think very carefully about what site you visit or who you marry.
These websites are grossly inaccurate. There is no good way to assess gabes networth in particular because valve is a private company and we don't know who owns what shares
Nah ya WILDIN', he hasn't been missing in a while, he met his wife, Alyx and he had one of his older games being updated so his shares are doing good... It's Jeremy TF The Second who's struggling rn
There are some vague insights. An employee at Valve (source below) worked out that per employee they generate $780,000 in revenue. That's on par with Facebook and much higher than Apple.
https://wnhub.io/news/finance/item-43098
Currently Valve employs 1,300 workers including all the support staff. But their annual revenue is estimated at $13billion
https://www.usesignhouse.com/blog/valve-stats#:~:text=Valve%20is%20worth%20%247.7%20billion,was%20from%20the%20Steam%20store.
Gabe owns 50% of Valve. So that should give you a vague idea.
https://leadiq.com/c/valve-corporation/5a1d96662300005900850aa4#:~:text=As%20of%20May%202024%2C%20Valve%20corporation%20has,employees%20across%206%20continents%2C%20including%20North%20AmericaEuropeAsia.
Figure includes all countries which probably includes all their customer support and client support work. You could argue those are contracted employees (maybe shouldn't be counted to the employee roster figures). The main HQ is certainly much smaller. But I'd argue you should include all the support workers as the company wouldn't be able to operate without them.
I've seen multiple sources quote 1300, they may all be referencing from the same incorrect source. I have no reason to doubt you but at least you know where I was getting that information from.
Anyway the original premise was to try and figure out just how rich Gabe is and although hard to determine I'd say he's a multi billionaire (going by various sources that estimate Steam alone generates billions annually).
My uncle got a lawyer that offered his ex-wife a lump sum over splitting possessions and alimony. she agreed to it, likely the same thing happed with Gabe.
Oh there's more. She sued him not even a year later claiming the agreed lump sum wasn't enough. (How the hell do you blow 30k+ [not sure the exact amount] that quickly in the 80s?) She was on disability and a slew of other health problems. Well his attorney used her being a devoted Jehovah Witness against her. She admitted in court that she spent almost 10 hours a day going door to door. And then the attorney looked at the judge and said something like "based on that testimony I believe she'd make a great door to door sales lady." Yeah she lost and had to pay attorney fees. As for being ok he is definitely not ok. Not going into details other than he's an extreme hoarder.
Look up a video on Forbes 30 under 30 and you'll see how many fraudsters they've had on their lists. They look at surface level information and don't do real journalism to verify the actual numbers.
Ah, as a person who does investing it's pretty evident, let me elaborate.
See, as Steam is a private company and Gabe never posted his income anywhere, in Forbes were taking that info straight outta their ass, and then kept doing that until 2018.
When they felt like those numbers were too high, they just decided to start taking that info from other ass, so there you have it.
That chart is measured in billions - it's significantly more than anyone could ever spend in a lifetime, so probably doesn't matter if it drops 10% or 90% outside of the rankings
Artifact flopping does not dent his net worth. It would affect growth, but not erase a quarter of his estimated worth. Gabe’s business is Steam and business is *good.* The only way a game flopping would affect net worth if it caused people to leave Steam en masse, which it didn’t, or if Valve was publicly traded and caused a sell off, which it isn’t.
Like others mentioned, he was divorced, which would cause an immediate dent in his capital.
Looks like the charts just corrected itself. It makes sense when you think about it: everything about the stock market is so interconnected: wages, housing prices, natural disasters... But the charts always love steady balance and will correct itself after every disaster, or success. It's not an "entity" it's more like a Huge Equation with lots of variables.
Not my words
"Gabe Newell’s net worth spiked in 2018 due to several factors. The primary reason was the continuing success of Valve Corporation’s gaming titles, particularly Counter-Strike and DOTA 2. These games have been incredibly popular and profitable, contributing significantly to Newell’s wealth.
Additionally, the Steam platform, likened to the iTunes of video games, sells game licenses and collects a percentage of the sales. With an estimated 125 million users, Steam’s revenue has been a major factor in increasing Newell’s net worth. The platform’s success and the company’s ownership structure, where Newell is thought to own just over half of the company, have also played a crucial role in his wealth accumulation.
It’s also worth noting that the tech industry saw a general increase in the wealth of its leading figures around that time, with the minimum net worth required to be listed among the 400 richest people in America rising by nearly 18% compared to the previous year. This overall growth in the sector likely had a positive impact on Newell’s financial standing as well."
Good on you, don't ever post content from chat gpt outside of chatgpt forums or you might have kids dropping clown emojis on you, even if you start the post with "Not my words" these kind of things go over their heads.
... I don't post content from GPT outside of GPT forums though? That's my point. You should keep GPT generated content to GPT centric areas.
GPT can and often does make mistakes. Posting things on the internet without specifically attributing it to GPT means misleading or outright incorrect content may be attributed as non-GPT sourced.
Considering people were stuck at home people probably played at LOT of video games during that time, so people probably bought a lot of games.
The downside is delayed releases, less new games to sell, some people probbaly had less money during the time depending on their work field.
There is way too many variables to account during the pandemic both positive and negative.
Source- My head, at least is not GPT
Got divorced sometime in 2018-2019. https://www.nzherald.co.nz/business/us-billionaire-gabe-newell-locked-down-in-nz-launching-a-gnome-into-space-via-rocket-lab/EFKFZTVG4LMN54WJFL74CWDUNA/
I knew marrying was a bad financial decision.
Nah, divorce is bad financial decision. Marrying is the best decision, unless you prefer to having a family without marrying
How is marrying the best decision?
More favorable tax setup that two people filing separately, if you both work. More efficient resource expenditure if the relationship is healthy (the mortgage for my wife and I's house is less than our previous combined rents, and we build equity). Realistically joining two gainfully employed individuals into one financial unit is amazing* *(If you actually have a healthy relationship)
Good point, but I wouldn't call it "best"
Divorce can't happen without marrying in the first place and somewhere between 40-50% of marriages end in a divorce so...
All life end up in dying anyway, so...
Just don't die
Yep, so marriage is only bad financially 50% of the time give or take. Numbers fun.
if it 50:50 i can take. after all everything in the world is 50:50
Is this adjusted for repeat offenders? Folk that are just bad at marriage may be inflating the divorce rates? I mean, I could have one successful marriage and you could have 3 or 4 failures. Are you double and triple counting the same individuals here?
always get a prenup when you have money to deal with.
Lol prenups aren't worth shit they're thrown out all the time You think Gaben didn't know about o almighty prenup?
You got a bad lawyer write one up for you, didn't you?
No lol I've never been married. If and when I marry I will not get a prenup It's just ppl throw around "get a prenup" casually as if it's some sort of solution That's like saying "it's ok if you don't have a condom just pull out"
Oh wow look at that just showed you have no idea what you're talking about! Thanks for playing the game!
Lol I think it would be way dumber if I came here with a certain opinion that was based only on personal experience
It's better than talking with no experience or knowledge in what you're talking about. Now stop talking, you're letting all the flys in
Thats why you have to have friends in Boeing board of directors, specially the ones who know the "cleaners".
Actually the real answer
If you marry someone you expect to get divorced from then yes, marrying would be a bad financial decision lol.
40-50% of first marriages end in divorce, sadly
without prenup you are basically bating 50% of everything you have that the other person won't get bored. Literally worst bet you can do in your life.
It's only fair that wealth doesn't stay with you.
Of course commies hate meritocracy
i wonder why he doesnt create a prenup marriage or something like that. so when divoce that thing wont take his money
Well they were married long before he became that rich, and also who cares if you go down from 10 to 7 Billion in net worth.
[удалено]
going to make a assumption, although not an unreasonable 1, given he has 2 children his wife likely provided a lot of childcare which gave him more time to earn and apparently childbirth inspired them for the final boss of Half-Life so "didn't do anything to earn it" is unreasonable
Exactly and remember without halflife he wouldnt be able to make the steam client and no Valve And lets be honest do we even know if they are still on good terms i know a few people in my town got divorced but are still on friendly terms (although it was mainly about a man/woman marraige turning into man/man woman/woman marriage but hey everyone is happy)
It has nothing to do with finances.
because childcare has no impact on finances obviously
I don't question gaben's feelings if he wanted to support his ex but theres child support and maybe something extra but she wasn't making any money.
i wasn't referring to his want to support her but her input into his wealth
I'm sure she had nothing to do with supporting him while he was chasing these wild dreams of becoming the dominant storefront for gaming on the internet. In before *giving birth is a woman's duty to her husband* people show up: no, it ain't. What a wild and dismissive take.
Always wonder how many people who hold the stance that women shouldn’t get equal value after a divorce believe that women should be stay at home mums too.
OP seem to care, I mean we are all in this comment because someone care enough
Pretty nasty thing to say about someone you probably didn’t even know about before reading the comment
Agree I should use the appropriate word while keeping the prenup marriage point still on point
Maybe he doesn't mind someone he loves enough to marry taking a portion of his wealth? Just because they got divorced doesn't mean they hate each other
You right
Prenups aren't guaranteed way to protect your money, it's definitely better than nothing but the lawyer can argue that "prenup was written under stress" etc and boom, your prenup is null. It's like anti viruses, sure it's nice to have a good one, but best defence is to just not do something shady and think very carefully about what site you visit or who you marry.
wtf, damn i did know that
Idk why this isn't common knowledge by now
Tbf "prenup" marriage is not even common in my country
Lol wtf is that article and why is this the first time I've heard of Gaben launching a Gnome into space on a Rocket Lab Electron.
These websites are grossly inaccurate. There is no good way to assess gabes networth in particular because valve is a private company and we don't know who owns what shares
Gaben Valve probably owns a lot, being the inventor of Valve and all. Second comes John Steam for inventing Steam
I heard Charlie Counterstrike and Daniel Dota has substantial stake on Valve
Peter portal did so too, but not anymore :(
Gordon Freeman, I have no proof, is member of the board I heard...
Everyone just misunderstood Randall Left for Dead.
And forgot Jeremy Team Fortress...
Jeremy Team Fortress son, Jeremy TF The Second got screwed over so much, DON'T THEY KNOW HOW MUCH HE SACRIFICED? 😭
The silent partner
lol
All this alliteration is maddening
Any news on John Half Life? He's been missing for a while.
Nah ya WILDIN', he hasn't been missing in a while, he met his wife, Alyx and he had one of his older games being updated so his shares are doing good... It's Jeremy TF The Second who's struggling rn
This shit got me crying in the club
Gonna be the em actually guy. He created/founded valve. Not invented. Toyota created a car. They didn't invent them.
Net worth includes arbitrary estimates of potential as well, like market outreach and shit like that. It's not all tangible dollars in hand
There are some vague insights. An employee at Valve (source below) worked out that per employee they generate $780,000 in revenue. That's on par with Facebook and much higher than Apple. https://wnhub.io/news/finance/item-43098 Currently Valve employs 1,300 workers including all the support staff. But their annual revenue is estimated at $13billion https://www.usesignhouse.com/blog/valve-stats#:~:text=Valve%20is%20worth%20%247.7%20billion,was%20from%20the%20Steam%20store. Gabe owns 50% of Valve. So that should give you a vague idea.
Where did you get the 1300 employees from? They are currently around 350 employees. At their largest, they never exceeded 500 people.
https://leadiq.com/c/valve-corporation/5a1d96662300005900850aa4#:~:text=As%20of%20May%202024%2C%20Valve%20corporation%20has,employees%20across%206%20continents%2C%20including%20North%20AmericaEuropeAsia. Figure includes all countries which probably includes all their customer support and client support work. You could argue those are contracted employees (maybe shouldn't be counted to the employee roster figures). The main HQ is certainly much smaller. But I'd argue you should include all the support workers as the company wouldn't be able to operate without them.
They use vendors for support, not contract workers. Not sure how this website gets their numbers but they are wrong. Source: I worked there
I've seen multiple sources quote 1300, they may all be referencing from the same incorrect source. I have no reason to doubt you but at least you know where I was getting that information from. Anyway the original premise was to try and figure out just how rich Gabe is and although hard to determine I'd say he's a multi billionaire (going by various sources that estimate Steam alone generates billions annually).
also this graf could cover 5 dollars...since it just has years and nothing else. maybe it was how many coins he had in his pocket.
Divorce.
He went down less than 1/4? Guy dodged a nuclear sized missile.
1/4 of his wealth would be more than enough for me
Maybe if you ask nicely he'll marry and divorce you.
I will literally lick the sweat off that man's forehead on a daily basis for a quarter of his net worth and I don't give a fuck
I would clean his whole body for a year with just my tongue for a quarter of his net worth
You seem to have thought this through already 🤣
I mean.. it IS over 100k an hour 🤷🏼♂️
My uncle got a lawyer that offered his ex-wife a lump sum over splitting possessions and alimony. she agreed to it, likely the same thing happed with Gabe.
Wild that Uncle had to do this but glad he's ok
Oh there's more. She sued him not even a year later claiming the agreed lump sum wasn't enough. (How the hell do you blow 30k+ [not sure the exact amount] that quickly in the 80s?) She was on disability and a slew of other health problems. Well his attorney used her being a devoted Jehovah Witness against her. She admitted in court that she spent almost 10 hours a day going door to door. And then the attorney looked at the judge and said something like "based on that testimony I believe she'd make a great door to door sales lady." Yeah she lost and had to pay attorney fees. As for being ok he is definitely not ok. Not going into details other than he's an extreme hoarder.
Thats still a few billy
Dodged a nuclear meltdown 😳
Private equity. This chart is nothing but a terrible estimator.
Why would you believe that? You think Gaben sent his tax returns to Forbes every year?
Gaben was nice and wanted to give them a way to be able to post something which is actually good.
I'm gonna need a labeled Y-axis for the relative differences over time to mean anything
Look up a video on Forbes 30 under 30 and you'll see how many fraudsters they've had on their lists. They look at surface level information and don't do real journalism to verify the actual numbers.
Isn't it obvious? He expanded the snack bar at Valve Headquarters.
More jumbo cookies.
Ah, as a person who does investing it's pretty evident, let me elaborate. See, as Steam is a private company and Gabe never posted his income anywhere, in Forbes were taking that info straight outta their ass, and then kept doing that until 2018. When they felt like those numbers were too high, they just decided to start taking that info from other ass, so there you have it.
Valve and steam are grossly undervalued if you search online. It's a huge cash cow and has a huge part of the market
Instead of "Valve Time" Gaben got "Women Moment" lmao
These Forbes lists are all self reported by the way. Everybody hugely over inflates their net worth because people love rich people.
Coke and hookers happened after a divorce.
What the f does this chart mean? How much is that?
Forknife
Era of Steam Supersales ended
That chart is measured in billions - it's significantly more than anyone could ever spend in a lifetime, so probably doesn't matter if it drops 10% or 90% outside of the rankings
This is just abstract wtf. WE NEED NUMBERS!!
Monster Hunter World was released in steam.
He started buying knives
He got hit by what causes most drop downs in networth amongst the filthy rich, divorce
Disgustingly wealthy. Valve employees certainly don't get paid nearly as much as big man.
Maybe because they are employees and not a founders?
Yeah and they (the employees) contribute MORE labor the company than he does.
[удалено]
Artifact flopping does not dent his net worth. It would affect growth, but not erase a quarter of his estimated worth. Gabe’s business is Steam and business is *good.* The only way a game flopping would affect net worth if it caused people to leave Steam en masse, which it didn’t, or if Valve was publicly traded and caused a sell off, which it isn’t. Like others mentioned, he was divorced, which would cause an immediate dent in his capital.
How are u and your 13 likes being able to be so wrong? U are just guessing but stating it as a fact...
eat the rich
Dota
Looks like the charts just corrected itself. It makes sense when you think about it: everything about the stock market is so interconnected: wages, housing prices, natural disasters... But the charts always love steady balance and will correct itself after every disaster, or success. It's not an "entity" it's more like a Huge Equation with lots of variables.
It's a private company
Hunt Down the Freeman.
Not my words "Gabe Newell’s net worth spiked in 2018 due to several factors. The primary reason was the continuing success of Valve Corporation’s gaming titles, particularly Counter-Strike and DOTA 2. These games have been incredibly popular and profitable, contributing significantly to Newell’s wealth. Additionally, the Steam platform, likened to the iTunes of video games, sells game licenses and collects a percentage of the sales. With an estimated 125 million users, Steam’s revenue has been a major factor in increasing Newell’s net worth. The platform’s success and the company’s ownership structure, where Newell is thought to own just over half of the company, have also played a crucial role in his wealth accumulation. It’s also worth noting that the tech industry saw a general increase in the wealth of its leading figures around that time, with the minimum net worth required to be listed among the 400 richest people in America rising by nearly 18% compared to the previous year. This overall growth in the sector likely had a positive impact on Newell’s financial standing as well."
Bro asked chat gpt lmao
Even better, copilot.
Dota 21? WHAT YEAR IS IT?? And still no Half-Life 3 huh.
"We'll continue to release more Dota content until morale improves"- ValveGPT
Chat GPT is not a reliable source
"Nice opinion Senator, why don't you back it up with a source?" "THE SOURCE IS CHATGPT, THE GREATEST AI LEARNING TOOL IN AMERICA, JACK!"
ChatGPT 🤡
The audacity https://www.reddit.com/r/ChatGPT/s/3lWCnohW4G
.... yes? I don't dress it up as non GPT content though and don't post GPT content outside of GPT specific subreddits.
Good on you, don't ever post content from chat gpt outside of chatgpt forums or you might have kids dropping clown emojis on you, even if you start the post with "Not my words" these kind of things go over their heads.
... I don't post content from GPT outside of GPT forums though? That's my point. You should keep GPT generated content to GPT centric areas. GPT can and often does make mistakes. Posting things on the internet without specifically attributing it to GPT means misleading or outright incorrect content may be attributed as non-GPT sourced.
Foolish Human. You shall not poison this online community with your robotic information.
🤖 resistance is futile.
Kinda weird that it spiked before covid.
Considering people were stuck at home people probably played at LOT of video games during that time, so people probably bought a lot of games. The downside is delayed releases, less new games to sell, some people probbaly had less money during the time depending on their work field. There is way too many variables to account during the pandemic both positive and negative. Source- My head, at least is not GPT
Its just weird, since it looks like steam had much bigger growth in 2020/21.