BillionaireNet
Newell
Gabe Newell
Rank #265
UNITED STATESMedia & EntertainmentVideo games

Gabe Newell

Net Worth
$11.034B
0% (24h)
Gabe Newell, co-founder of Valve Corporation, is an American businessman and video game developer. Born on November 3, 1962, in Colorado, he dropped out of Harvard University to join Microsoft, where he contributed to the development of early Windows versions. Newell's career took a pivotal turn in 1996 when he co-founded Valve, leading to the creation of iconic games like Half-Life and the establishment of the Steam platform. With a net worth of $11.0 billion, as of December 2025, Newell is a prominent figure in the gaming industry and a significant philanthropist.

The Full Dossier

Early Life and Education

Gabe Newell was born in Colorado on November 3, 1962, and grew up in Davis, California. He attended Davis Senior High School, where he began computer programming, and later enrolled at Harvard University in 1980 to study programming. However, he dropped out after three years.

Rise to Success

Newell's career started at Microsoft, where he worked for 13 years, contributing to the initial releases of the Windows operating system. He left Microsoft in 1996 to co-found Valve with Mike Harrington, using their own funds to develop the first game, Half-Life. Half-Life was released in 1998 and became a critical and commercial success. In 2003, Valve launched Steam, a digital distribution service that revolutionized the PC gaming market. By 2011, Steam controlled 50-70% of the downloaded PC games market.

Key Business Strategies

Newell's strategic decisions include keeping Valve private and investing in digital distribution through Steam. Valve operates with a flat organizational structure, encouraging employee autonomy. The company focuses on quality and innovation in both software and hardware. Newell has also been critical of closed platforms and advocated for open systems to foster innovation in gaming.

Philanthropy

Newell is actively involved in philanthropy. In 2020, he and a Valve employee created the Heart of Racing team to support children's charities in Seattle and New Zealand. He also donated to the pediatric intensive care unit at the Starship Children's Hospital in Auckland, New Zealand. Furthermore, Newell's marine research organization, Inkfish, is dedicated to ocean exploration and conservation, with data from expeditions being made available to the global research community.

Career Timeline

2013

Academy of Interactive Arts & Sciences Hall of Fame

Inducted into the Academy of Interactive Arts & Sciences Hall of Fame.

2013

BAFTA Fellowship Award

Received the BAFTA Fellowship Award for outstanding contributions to the video game industry.

2003

Steam Launch

Valve launched Steam, a digital distribution service for games.

1998

Half-Life Release

Valve released the critically acclaimed first-person shooter game Half-Life.

1996

Co-founded Valve

Left Microsoft to co-found Valve Corporation with Mike Harrington.

1983

Joined Microsoft

Began working at Microsoft, where he contributed to the development of the first three versions of the Windows operating system.

Philanthropic Impact

Children's CharitiesUndisclosed

Heart of Racing

Co-founded the Heart of Racing team to support children's charities in Seattle and New Zealand.

Healthcare$0.3M

Starship Children's Hospital

Donated to the pediatric intensive care unit at the Starship Children's Hospital in Auckland, New Zealand.

Wealth Trajectory