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Gabe Newell is very rich

Twookie

Member
Is the hat thing a joke or does Valve actually sell hats?

they make a lot of money from people that buy cosmetic items in their games and these items are commonly refered to as "hats" because the first items you could buy in TF2 were hats IIRC.
 
Like skimming a percentage off $600 PUBG skirts lol

RG0BS1U.gif
 

Voidwolf

Member
Oh, only 5.5 billion? That's not as impressive. I guess I could see why he hasn't personally funded Half-Life 3 yet.
 

gypsygib

Member
And Valve still won't refund me $4.99 for SWFU2 after only 1 hr of play (more like trying to get the game not to crash) because I owned it longer than 14 days. Sorry, but when I buy 15 or so games on a steam sale, I may not play them all in the first 2 weeks.
 

Mifec

Member
And Valve still won't refund me $4.99 for SWFU2 after only 1 hr of play (more like trying to get the game not to crash) because I owned it longer than 14 days. Sorry, but when I buy 15 or so games on a steam sale, I may not play them all in the first 2 weeks.

I'm all for consumer rights but this is 100% your fault.
 

Ushojax

Should probably not trust the 7-11 security cameras quite so much
It must be an amazing feeling to wake up every morning knowing you just sold another $5m worth of hats. I'd probably stop caring about making games too.
 

Jimrpg

Member
With that much money, why not do something for humanity, Jesus Christ.

Why do rich people have to sit on that pile of money and do SFA. Maybe Gabe is a philanthropic guy, I don’t know, but would be nice to hear some stories of rich people giving a lot of it back to the needy.
 

kahi

Member
Man, he can almost afford a house in San Francisco now if he ever wanted to move away from Seattle. Hell, he can afford Starbucks coffee daily, barely, but he can.
 

Madao

Member
More surprising to me is his 'worth' has really risen since a year ago, I recall him being worth $3-something billion last year, but he's now apparently worth over $5 billion.

didn't he go from $2.x billion to $4 billion in a year? people made a thread about how he skipped 3 even in that.
 

kahi

Member
With that much money, why not do something for humanity, Jesus Christ.

Why do rich people have to sit on that pile of money and do SFA. Maybe Gabe is a philanthropic guy, I don’t know, but would be nice to hear some stories of rich people giving a lot of it back to the needy.

He may be in the pact with Warren Buffet and Bill Gates, giving away all of their billions on their passing to charity. Also, look up the dude who started the Duty Free stores you see in Airports, dude has given away basically every dollar he's ever made. Lives super frugal, and wants ZERO recognition for any of it. https://en.wikipedia.org/wiki/Chuck_Feeney
 

Kyougar

Member
So, Forbes says that he owns half of Valve. How much is Valve worth? We can't double it to 11 billion because Gabe has also Microsoft stock and probably some other stock.
 

Lime

Member
That's not your decision to make.

It certainly is when the riches he's amassed is on the backs of other people who've used their labor to produce the commodity his company sells. Why is Newell entitled to the profits of the labor of others? Shit, even on Steam itself, Valve is using the free labor of their customers to fix their platform, while fucking neo-nazi groups are out in the open.

No one deserves to be this rich while we have the worst economic inequality in history, while also exploiting the labor of others to become a billionaire
 
Whilst Steam wasn't the first means of digital distribution, it's the one that's stuck around the longest. Primarily because of titles such as Garry's Mod, CounterStrike, Half-Life and so forth.

Shame there's no competition in the PC market, as GOG is the only service to challenge Steam.
 

Z..

Member
He may be in the pact with Warren Buffet and Bill Gates, giving away all of their billions on their passing to charity. Also, look up the dude who started the Duty Free stores you see in Airports, dude has given away basically every dollar he's ever made. Lives super frugal, and wants ZERO recognition for any of it. https://en.wikipedia.org/wiki/Chuck_Feeney

Confirmation bias often makes gestures like these kind of empty, though. Charity mitigates the problem, it doesn't solve it... With this much pull you could actually have a chance at enacting actual change. Problem is, actual change would require them to believe in it. And, without fail, hubris will make sure that never happens since the fundamental wrongs are never actually adressed since they are not seen as problematic by the donors since they've and suceeded in part precisely because of these institutional wrongs.

Charity is a noble goal... with this kind of resources, though? It's a cop out that basically says you really have no personal interest in making the world a better place beyond a superficial "good samaritan" level.
 
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