The CEO behind 'Fortnite' is now price over $7 billion

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tim sweeney epic games fortnite

  • The person in control of the corporate that makes “Fortnite” is now price over $7 billion.
  • In keeping with the 2018 Bloomberg Billionaire record, Sweeney is No. 194 of the world’s 500 richest individuals.
  • Although “Fortnite” is a money-making powerhourse, a lot of Sweeney’s wealth comes from years of working Epic Video games as a wildly profitable gaming firm.


The person in control of the corporate that makes “Fortnite” is now price over $7 billion. 

Epic Video games CEO Tim Sweeney is quantity 194 on this 12 months’s world’s 500 richest individuals record, which is yearly revealed by Bloomberg. Sweeney is not confirming the quantity himself; it is based mostly on his presumed sale of Epic Video games inventory throughout a current enterprise fundraising spherical.

Based mostly on the estimate, Sweeney is reportedly price $7.16 billion. That places him above extra well-known billionaires like George Soros and George Lucas, however nonetheless nicely under the Mark Zuckerbergs and Jeff Bezoses of the world.

fortnite v bucks

Although “Fortnite” launched in summer season 2017, the sport’s dominance has continued steadily all through 2018.

The sport now has over 200 million gamers, and is on the market throughout a whopping seven completely different sport platforms: iPhone, Android, PC, Mac, Xbox One, PlayStation four, and Nintendo Swap. Higher nonetheless, the sport might be performed throughout all these platforms — a primary on the earth of video video games.

And all these gamers means lots of of hundreds of thousands of in month-to-month income simply from “Fortnite.” 

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However “Fortnite” alone is not how Sweeney made his billions. By years of labor because the CEO of Epic Video games, Sweeney has amassed his wealth by working a wildly profitable gaming firm.

Epic Video games makes the Unreal Engine, as an illustration — a set of software program instruments used to construct among the world’s greatest video games (together with “Fortnite” after all). When sport builders and publishers promote video games made with Unreal Engine, Epic Video games will get a lower. 

And Epic Video games is not slowing down: The corporate’s newest transfer is launching its personal on-line storefront, the Epic Video games Retailer, that intends to tackle Valve’s Steam service. 

Epic Games Store (breakdown)

It is a good transfer from Sweeney and co. that gives a brand new storefront for sport builders and publishers; not solely does it provide a brand new retail choice, but it surely provides sport sellers are far bigger lower of their very own income. 

Because the chart above demonstrates, Epic Video games is providing an 88% income cut up with sport sellers — Valve’s Steam and different digital retailers like Apple’s App Retailer provide round 70%.

With forward-looking strikes just like the Epic Video games Retailer and the success of “Fortnite” persevering with with out an finish in sight, Sweeney’s place on the 500 richest record is more likely to solely improve because the years progress. 

SEE ALSO: The 29 hottest video video games you should not miss in 2019

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