”iTunes of PC games” made one guy crazy rich

April 10th, 2012

$1.5 billion, according to a new report.

His name: Gabe Newell. His idea: The wonderful, crazy affordable, and easy-to-use Steam, which in recent years helped to enhance and re-popularize PC gaming once more. 

Despite making as much if not more than other gaming titans such as Activision's Bobby Kottick, Newell is respected by gamers and "runs more to the renegade than the One Percent," writes Chris Morris. 

The reason: "Part of Newell's goodwill comes from his openness to the gaming community," Morris adds. "He regularly responds to gamer emails, discussing everything from game theory to his fondness for Singha beer to his knife collection, and has playful interactions with Valve's player base."

At last count, Steam sells over 1,800 games and boasts 40 million active user accounts, more than Xbox Live.

In my opinion, Newell has certainly earned it. Truth be told, "Valve Steam" is on my short list of favorite companies and brands. What about you?

See also:

Comments

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I don't really know who would be on my own short list of favorite companies, but if I did have a list, Valve would likely be on it. Valve has done a lot for PC gaming with their Steam service. Props.

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Posted Tuesday, April 10th, 2012    Quote This Post
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wow! thats awesome! i wish i came up with this! I could have been a billionaire!

I don't try to be awesome, It's natural! So are potatoes, potatoes are natural :l

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ownageville said: I don't really know who would be on my own short list of favorite companies, but if I did have a list, Valve would likely be on it. Valve has done a lot for PC gaming with their Steam service. Props.


Agreed. Steam/Valve is exactly what brought me back to being a pc gaming addict. Glad to see this guy is having so much success with what he has done.

There's no rules in bedpan racing

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Posted Tuesday, April 10th, 2012    Quote This Post
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Defaintly one of my favorite companies. I love Steam and Valve.

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Posted Tuesday, April 10th, 2012    Quote This Post
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I have always had the highest respect for Valve and Gabe Newell. I have not yet played a game made by Valve that I did not enjoy, and Steam is, in my opinion, the best digital game distributor out there at the moment!
Keep it up, Valve!

"A single dream is more powerful than a thousand realities." ~ J.R.R. Tolkien

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Posted Tuesday, April 10th, 2012    Quote This Post
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Valve is one of my favorite gaming companies. They make awesome games.

New forums... Soon™

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Posted Tuesday, April 10th, 2012    Quote This Post
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So much money!!!

I am jealous haha.

The most Beautiful Gift ever given, was our Salvation!

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Posted Tuesday, April 10th, 2012    Quote This Post
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Look, anyone who has a knife collection is generally awesome.

Sleep and I will steal your gold, Dream and I will steal your soul.

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steam isn't bad, i have alot of games in my steam account and it give me ability to always be in touch with my friends
but god, who the hell works in "steam support" or "steam translate"? every time someone ask them to fix the problem they make that problem TWICE AS BIG

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Posted Tuesday, April 10th, 2012    Quote This Post
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FoxxM said: Look, anyone who has a knife collection is generally awesome.

Too true good sir, too true!

"You can't spell Slaughter without Laughter"

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definewikipedia said: Valve is one of my favorite gaming companies. They make awesome games.
"For the sake of sciance, ill forgiv you , you monster" Portal 2

No sir, I will not eat your souls...maybe just taste it.

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Posted Tuesday, April 10th, 2012    Quote This Post
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Arrhythmia said: steam isn't bad, i have alot of games in my steam account and it give me ability to always be in touch with my friends
but god, who the hell works in "steam support" or "steam translate"? every time someone ask them to fix the problem they make that problem TWICE AS BIG
You forgote the part about ingame clock(yust press shift + tab and you dont have to turn your head to see the time)!Saved my gameing experience onece!

No sir, I will not eat your souls...maybe just taste it.

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Dannyboy1238 said: wow! thats awesome! i wish i came up with this! I could have been a billionaire!


Me too, I have dreams where I invented Steam and I am extremely rich! hah

M17x R4 i7 7970 www.facebook.com/sizzackz

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Hard to say but even he can't count to 3 I still love this guy

Never look behind

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Its not too late, what if i come up with a computer gaming like literally for gaming no Words etc. and has its build in screen (holographic screen) but that holographic screen dont need glass or frames to support it, just float in the air (HOW COOL IS THAT!). I'd be trillionaire

When nothing goes right.... go left

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If I had a list of favorite company valve left that list after they took over steam becuase they don't even make games anymore. I want to see more left4Dead.

my time has come.

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I love Gabe lol. He has an amazing personality. I love Steam because they aren't as greedy as most companies.

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I wish I was that guy -_-

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Got to love companies that realize they don't have to mass produce games and nickel and dime people just to make a profit. Good for him and good for Valve.

The only thing I don't like about this short article is the line about him being more of a renegade rather than the One Percent. What's the point of that line. People that refer to the rich as The One Percent are such douches, to me it is code for I wish I had their money.

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Valve knows how to work good for sure.

Through all the differences it is still perfection.

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Very smart and very awesome! Very nice job and well deserved

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I never even heard of steam till i bought my AW I guess that's one more thing I can add to the best thing I ever did was buy an alienware list

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hes fat

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Ogrewax said: hes fat
hahah thats true xD

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Posted Wednesday, April 11th, 2012    Quote This Post
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Vavle made it easier to find and buy games!

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