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Grizzly Bulls’ Billionaires Index

⬅ # 504 William Goldring|# 506 Frits Goldschmeding ➡

# 505 Tim Sweeney 

$5.94B

Real Time Net Worth
as of 7/25/2024

# 505 Tim Sweeney 

$5.94B

Real Time Net Worth
as of 7/25/2024
OccupationCofounder and CEO, Epic Games
Source of WealthVideo Games
Age53
ResidenceCary, North Carolina
EducationBS, University of Maryland, College Park
Age-Adjusted Net Worth$9.54B
Tim Sweeney
Tim Sweeney
United States
Net worth: $5.94B

Self-Made Score 

Wealth History

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Biography

Early Life and Education

Timothy Dean Sweeney was born in 1970 in Potomac, Maryland.
He is the youngest of three brothers.
At age 11, he visited his brother's startup in California, sparking his interest in programming.
Sweeney attended the University of Maryland, studying mechanical engineering.
During his college years, he founded Potomac Computer Systems, a consulting business.
Sweeney transitioned from consulting to game development, creating ZZT.

Founding of Epic Games

Sweeney co-founded Epic Games with a focus on developing games like 'Jill of the Jungle' and later the Unreal Engine.
Epic Games raised $2 billion in April 2022 from investors such as the Lego family office and Sony.
With the success of ZZT, Sweeney established Epic MegaGames, later renamed Epic Games.
He formed a team to complete 'Jill of the Jungle' and later started work on the Unreal Engine.
The company relocated to North Carolina in 1999, and Sweeney became the CEO.
Sweeney has been actively involved in the development and expansion of Epic Games.

Career Achievements

Sweeney created the Unreal Engine, a widely used game development platform.
Recognized by Wired magazine with a Rave Award in 2007 for his work on Unreal Engine 3.
Inducted into the Academy of Interactive Arts & Sciences (AIAS) Hall of Fame in February 2012.
Received the Lifetime Achievement Award at the Game Developers Choice Awards in 2017.
Holder of several patents related to computer software since 2006.

Conservation Efforts

Sweeney has purchased over 50,000 acres of forest land in North Carolina for conservation.
Donated the Box Creek Wilderness, a 7,000-acre natural area, to the United States Fish and Wildlife Service.
Participated in expanding Mount Mitchell State Park by donating 1,500 acres.
Announced a donation of 7,500 acres in the Roan Highlands to the Southern Appalachian Highlands Conservancy.
Received awards for his conservation efforts, including Land Conservationist of the Year and Stanback Volunteer Conservationist of the Year.
Engaged in scientific studies and guided hikes through his nature preserves.

Philanthropy and Awards

Received recognition for his conservation efforts and philanthropy.
Valued at tens of millions of dollars, his Roan Highlands donation is the largest private conservation land donation in North Carolina's history.
Received awards such as Land Conservationist of the Year and Stanback Volunteer Conservationist of the Year.
Engaged in scientific studies and guided hikes through his nature preserves.
Recognized by Wired magazine with a Rave Award in 2007 for his work on Unreal Engine 3.
Named Person of the Year by Forbes Media Awards in 2020 for transforming Fortnite into a social network.

How long would it take you to become as rich as Tim Sweeney?

If you started with $10,000 and invested an additional $500 each month at a 44.11% CAGR, it would take you 5 years to reach Tim Sweeney's net worth of $5.94B.

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 52.22% compared to 16.62% for the S&P 500 benchmark.

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

Tim Sweeney 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 Tim Sweeney, 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