Billionaire Profile
Gabe Newell
Global Rank
#264

Image: Public domain | via Wikimedia Commons

Gabe Newell

CEO, Valve Corporation
US
Real-Time Net Worth
$11B
As of December 2025
Age
63
Source
Video games
Industry
media-entertainment
Citizenship
US

Biography

Gabe Newell, co-founder of Valve Corporation, is a prominent figure in the video game industry, renowned for his innovative approach to game development and digital distribution. With an estimated net worth of $11.0 billion, Newell's wealth stems primarily from his stake in Valve and the success of the Steam platform. His career began at Microsoft, where he contributed to early Windows releases before co-founding Valve in 1996. Newell's leadership has led to the creation of iconic games and the transformation of the PC gaming landscape. He is also involved in philanthropy, supporting children's charities and marine research.

Wealth Over Time

In-Depth Profile

Early Life

Gabe Logan Newell was born on November 3, 1962, in Colorado, and grew up in Davis, California. He attended Davis Senior High School and later enrolled at Harvard University in 1980 to study programming. However, he dropped out in 1983 to pursue opportunities in the tech industry.

Rise to Success

Newell's career began at Microsoft, where he spent 13 years working on the first three releases of the Windows operating system. Inspired by the success of the game *Doom*, Newell, along with Mike Harrington, left Microsoft in 1996 to found Valve. They funded the development of their first game, *Half-Life* (1998). Newell led the development of Steam, Valve's digital distribution service, which launched in 2003 and became a dominant force in the PC gaming market.

Key Business Strategies

Newell's strategies have been key to Valve's success. He has been innovative in game distribution, focused on both software and hardware, and kept Valve private. He also adopted a flat organizational structure, empowering employees to make decisions and work on projects of their choice. Valve's success is due to their creation of iconic games like *Half-Life*, *Portal*, and *Counter-Strike*, as well as their innovative Steam platform.

Philanthropy

Newell is involved in various philanthropic endeavors. In 2020, he and Valve employee Yahn Bernier created a car racing team, Heart of Racing, to raise funds for children's charities in Seattle and New Zealand. He also donated to the Starship Children's Hospital in Auckland, New Zealand, and has supported marine research through his organization Inkfish.

Career Milestones

1983

Joined Microsoft

Worked on the first three releases of Windows.

1996

Co-founded Valve

Left Microsoft with Mike Harrington to start Valve Corporation.

1998

Released Half-Life

Valve's debut game, which achieved critical and commercial success.

2003

Launched Steam

Valve's digital distribution platform, which revolutionized PC game distribution.

2013

BAFTA Fellowship

Awarded for his contributions to the video game industry.

2013

Academy of Interactive Arts & Sciences Hall of Fame

Inducted into the Hall of Fame.

Philanthropy & Social Impact

Children's Health

Heart of Racing

$6M+

Supports Seattle Children's Hospital.

Children's Health

Starship Children's Hospital

$286K

Donation via Rocket Lab launch livestream.

Business Philosophy & Leadership

Notable Quotes

""I learned more in 3 months at Microsoft than in my entire time at Harvard.""

""C'mon, people, you can't show the player a really big bomb and not let them blow it up.""

Leadership Principles

Innovation

Embracing new technologies and business models to stay ahead in the industry.

Employee Empowerment

Creating a flat organizational structure where employees have the autonomy to make decisions.

Focus on Quality

Prioritizing the development of high-quality games and services.

Customer-centricity

Listening to customer feedback and providing a superior user experience.