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Grizzly Bulls’ Billionaires Index

⬅ # 762 Jack Dorsey|# 764 Barry Diller ➡

# 763 Gabe Newell 

$4.19B

Real Time Net Worth
as of 7/2/2024

# 763 Gabe Newell 

$4.19B

Real Time Net Worth
as of 7/2/2024
OccupationCofounder and CEO, Valve
Source of WealthVideo games
Age61
ResidenceSeattle, Washington
Marital StatusDivorced
Children2
EducationDrop Out, Harvard University
Age-Adjusted Net Worth$3.91B
Gabe Newell
Gabe Newell
United States
Net worth: $4.19B

Self-Made Score 

Wealth History

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Biography

Early Life and Education

Gabe Logan Newell, nicknamed Gaben, was born on November 3, 1962, in Colorado and grew up in Davis, California.
Attended Davis Senior High School and worked as a paperboy and later a telegram messenger for Western Union.
Enrolled at Harvard University in 1980 but dropped out in 1983 to work at Microsoft.
Convinced to drop out of Harvard by the head of sales at Microsoft, Bill Gates' company intrigued Newell more than his studies.
Worked at Microsoft for 13 years, contributing to the development of the first three releases of the Windows operating system.

Career

Co-founded Valve Corporation with Mike Harrington in 1996 after leaving Microsoft.
Led the development of Valve's flagship game, Half-Life (1998), which was both a critical and commercial success.
Pioneered the creation of Steam, Valve's digital distribution platform for games, launched in 2003.
Advocated for a superior option to combat software piracy, citing Steam's success as an example.
Received numerous awards for contributions to the gaming industry, including induction into the Academy of Interactive Arts & Sciences Hall of Fame.

Valve Corporation and Steam

Co-founded Valve Corporation in 1996, funding the development of Half-Life (1998), which achieved critical acclaim.
Led the development of Steam, Valve's digital distribution service for games, which dominated the market by 2011.
Steam currently boasts over 125 million users and significantly contributes to Valve's revenue.
Valve's success with Steam led to Newell being considered one of the top game creators of all time.

Other Ventures and Personal Life

Owns the marine research organization Inkfish and purchased the Hadal Exploration System in 2022.
Founded The Heart of Racing, a car racing team aimed at raising funds for children's charities.
Cured of Fuchs' dystrophy through cornea transplants in 2006 and 2007.
Married Lisa Mennet on the same day he founded Valve; they have two sons but divorced around 2019.
Known for his love of video games, including Super Mario 64 and Doom, and his involvement in the gaming community.

How long would it take you to become as rich as Gabe Newell?

If you started with $10,000 and invested an additional $500 each month at a 44.06% CAGR, it would take you 5 years to reach Gabe Newell's net worth of $4.19B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 48.24% compared to 16.19% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Gabe Newell is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Gabe Newell, Video games is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey