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Gabe Newell

Early Life

Early Life

Gabe Logan Newell, nicknamed GabeN, is an American businessman and the president of the video game company Valve.

Newell was born on November 3, 1962, in Colorado, and attended Davis Senior High School in Davis, California. He enrolled at Harvard University in 1980, but was convinced to drop out to work for Bill Gates at Microsoft by the head of sales in 1983. He spent the next 13 years as the lead developer of the first three releases of the Windows operating systems, making him a millionaire.

Newell later said he learned more during his first three months at Microsoft than he ever did at Harvard, which was one of the primary reasons why he dropped out.

Venturing into Valve

In late 1995, Doom, a 1993 first-person shooter game developed by id Software, was estimated to be installed on more computers worldwide than Microsoft's new operating system, Windows 95.

Inspired by Michael Abrash, who left Microsoft to work on the game Quake at id, Newell and another employee, Mike Harrington, left Microsoft to found the video game company Valve on August 24, 1996. Newell and Harrington funded development of the first Valve game, the first-person shooter Half-Life (1998), which was a critical and commercial success. Harrington left in 2000, leaving Newell as the sole owner.

Newell gave Valve no deadline and a "virtually unlimited" budget to develop Half-Life 2 (2004), promising to fund it himself if necessary. Meanwhile, he spent several months developing Steam, a digital distribution service for games. By 2011, Steam controlled between 50% and 70% of the market for downloaded PC games and generated most of Valve's revenue. In December 2010, Forbes named Newell "A Name You Should Know", primarily for his work on Steam having partnerships with multiple major developers.

Venture into Valve

Valve's Impact and Success

Valve has earned itself a reputation as one of the most revolutionary and trailblazing development studios in the gaming industry. Over its nearly 24-year lifespan, the company has produced some of the most genre-defining titles in gaming, across an impressive array of genres.

Their debut game, the first-person shooter (FPS) Half-Life (1998), was a critical and commercial success; with its realism, scripted sequences and seamless narrative, it had a lasting influence on the FPS genre. In 2003, Valve launched Steam, followed by Half-Life 2 in 2004. With advanced physics systems and an increased focus on story and characters, Half-Life 2 received critical acclaim and sold 12 million copies by 2011. In 2013, Valve released the multiplayer online battle arena game Dota 2.

Its estimated that Steam accounts for a whopping 70% of all PC games sold online. A survey by Forbes estimates Valve to be worth a $2 Billion.

Source: https://www.shorturl.at/dE236

Market Cap and Revenue

Market Cap

GabeN's Current Life

Current Life

Presently Gabe resides in Seattle. Gabe's current net worth is estimated at around $3.9 Billion. As of now Gabe holds two jobs as President & Owner & CEO at Valve Software and Co-founder and CEO at Steam. He was awarded the BAFTA Fellowship and AIAS Hall of Fame award in 2013. As a prominent figure in the video gaming industry, Newell has developed a sizable reputation on the Internet. GabeN's fan pages can be found on various fandom sites like Tumblr, Reddit, DeviantArt etc. and often have hundreds of thousands of active participants at a time.

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