About Gabe Newell
It has been reported that Gabe Newell net worth reaches 1.5 billion dollars. Gabe Newell is usually remembered when talking about Valve Corporation. It is the company which he co-founded and also works as a managerial director of it. Gabe Newell’s company Valve Corporation is known as specifying in video games development. The company is the one which has added a lot of financial success to him and increased Gabe Newell net worth by a mile.
Before he got involved into this industry, he was studying at Harvard University from which he actually soon dropped. For thirteen years, he was working in the Microsoft Corporation and because of his work there, he became a Microsoft Millionaire. In his own words, Gabe Newell is a producer of the first three releases of Windows. Thus, his time in Microsoft Corporation also has added a lot to the overall amount of Gabe Newell net worth.
However, Gabe Newell and another worker of the company, Mike Harrington, left the company in order to establish their own company, which was named Valve Corporation. In fact, Gabe Newell was inspired by his another colleague, Michael Abrash, to start his own company, who also has left Microsoft Corporation in order to develop his video game company.
The company Valve Corporation was established in 1996. The company was funded by money saved by both Gabe Newell and Mike Harrington and it was funded through the development of Half-Life. When the production of the second part of Half-Life was going, Gabe Newell was already spending a couple of months focusing on the development of the Steam project.
In 2007, Gabe Newell got quite a lot of media attention when he expressed some disappointment over the development of gaming consoles, especially the ones for Play Station 3. He stated that the development of the console was just a mere waste of time. He also added that it was even a disaster. Moreover, Gabe Newell claimed that the process should have stopped and a do over should have started. Furthermore, Gabe Newell stated that the console should have been eliminated from sales. Nevertheless, other gaming systems have received quite a lot of success and purchases of it have increased the overall amount of Gabe Newell net worth. Xbox Live service has also received quite a lot of negative comments from his side. Gabe Newell even called it a ‘train wreck’.