BillionaireNet
Sweeney
Tim Sweeney
Rank #799
UNITED STATESMedia & EntertainmentVideo games

Tim Sweeney

Net Worth
$5.076B
0% (24h)
Tim Sweeney is an American video game programmer and businessman, best known as the founder and CEO of Epic Games, the company behind the global phenomenon *Fortnite* and the widely-used Unreal Engine. Born in 1970, Sweeney's passion for programming began at a young age, leading him to found Epic Games in 1991. His leadership has driven the company's success, including the development of the Unreal Engine. Sweeney's net worth reflects his substantial ownership stake in Epic Games, which has been a leader in the gaming industry. Beyond his business achievements, Sweeney is a dedicated land conservationist, purchasing and donating tens of thousands of acres in North Carolina to protect natural habitats.

The Full Dossier

Early Life

Timothy Dean Sweeney was born in 1970 in Potomac, Maryland. From a young age, he displayed a keen interest in mechanical and electrical devices, even dismantling a lawnmower at age 5 or 6. His fascination with arcade games, which gained popularity in the late 1970s, fueled his interest in programming. At age 11, Sweeney learned programming through BASIC at his older brother's startup, where he first encountered IBM Personal Computers. He later honed his skills on a Commodore 64 and then an Apple II, spending over 10,000 hours between the ages of 11 and 15 developing his programming abilities.

Rise to Success

Sweeney's career began with the founding of Potomac Computer Systems in 1991, which later evolved into Epic MegaGames. He created and sold the shareware game *ZZT*, which helped launch his career in game development. Sweeney's company developed successful games, including *Jill of the Jungle* and *Unreal*, which prompted a move to North Carolina and a rebranding to Epic Games. The development of the *Unreal Engine* was a major milestone, as it became a widely used game engine, licensing for numerous other game developers. The success of *Fortnite* further propelled the company's and Sweeney's wealth.

Key Business Strategies

Sweeney's key business strategies include the development of the Unreal Engine, which has been a significant source of revenue through licensing. The success of *Fortnite*, with its in-game purchases, has also driven revenue. The Epic Games Store has been another strategic move, challenging the dominance of existing platforms. In 2024, Epic Games generated an estimated $5.7 billion in revenue.

Philanthropy

Sweeney has been involved in significant land conservation efforts. He has purchased around 50,000 acres of land in North Carolina for conservation. He has donated land to the U.S. Fish and Wildlife Service and the Southern Appalachian Highlands Conservancy. In 2016, Sweeney donated a 7,000-acre conservation easement in North Carolina's Box Creek Wilderness. In 2021, he donated 7,300 acres in Halifax County, Virginia, which was the largest single private land conservation gift in Virginia's history.

Career Timeline

2024

Funding Round

Epic raised $1.5 billion from Disney in a funding round that valued the company at $22.5 billion.

2022

Funding Round

Epic Games raised $2 billion in 2022 from Sony and the family office of the clan behind Lego in a funding round that valued the company at $31.5 billion.

2017

Fortnite release

Launched Fortnite which became a global hit, contributing significantly to his wealth.

1998

Developed Unreal Engine

Developed the Unreal Engine, a game development platform used widely in the industry.

1991

Founded Potomac Computer Systems (later Epic Games)

Founded Potomac Computer Systems, which later became Epic Games, setting the foundation for his career.

Philanthropic Impact

Land Conservation$15M

Box Creek Wilderness Conservation Easement

Donated a conservation easement to protect 7,000 acres in North Carolina.

Land Conservation7,500 acres

Roan Highlands Donation

Donated 7,500 acres in the Roan Highlands of North Carolina to the Southern Appalachian Highlands Conservancy.

Land Conservation7,300 acres

Halifax County Land Donation

Donated 7,300 acres of land in Halifax County, Virginia, the largest single private land conservation gift in Virginia history.

Wealth Trajectory