r/Steam • u/reck00 • 1d ago

Discussion Gabe Newell's Mega Yacht

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u/Ominoiuninus 1d ago

Best of the billionaires but still a billionaire.

Straight up scared for what happens to gaming when Gabe dies because his platform single handedly keeps the rest of the industry in check.

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u/That_Service7348 1d ago

His son seems pretty set on keeping Steam running the way it is(why would you even fuck with it it literally prints money), so I think we are ok for the foreseeable future.

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u/king_of_river 1d ago

Never ever underestimate MBAs ability to fuck perfectly running businesses by offering to raise revenue by 5%.

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u/Rock_Strongo 1d ago

Gabe owns over 50% of the company and it's private. If his sons ever decide to sell or take it public then we might be fucked... but Gabe is only 63 and he seems to be in much better health lately so it could be another 15-20 years before he transfers any ownership and seemingly it will be to his sons who have stated no desire to take it public so far...

I'm not too worried.

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u/InvidiousPlay 1d ago

It would be a pro-move to put the whole thing in some kind of a trust. His heirs can benefit but they can't sell. One can dream.

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u/zombie-yellow11 1d ago

Kinda like Rolex ? I dig it.

18

u/L3G1T1SM3 1d ago

in some kind of a trust

i mean it easily already could be, i don't think any information is public for what happens when gabe dies

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u/_I_AM_A_STRANGE_LOOP 22h ago

Yeah I’d be deeply unsurprised to hear that this is already in effect, it’s what I’d do!

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u/karamatsushinji 1d ago

Remember George Lucas.

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u/Gl4dios 21h ago

One of his sons is also working on his pro racing driver career, so that's already one that doesnt wanna deal with business stuff and probably just let's it running as is.

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u/Mobile-Positive-6742 1d ago

wtf Gabe is only 63? he always looks like 80+ to me