Fortnite is one of those successful inventions in the gaming industry that has taken over the world around us. With every new challenge that you accomplish, the man behind this crazy game, Tim Sweeney is making millions as he currently has a net worth of $7 Billion.
The CEO of Epic Games is living the time of his life. Tim apparently has also grabbed the 194th spot in the list of world’s 500 richest people, which is published by Bloomberg. The statistics of his wealth were revealed in a recent venture fundraising round where the pre-estimate value of Epic Games stock was considered for the conclusion. Sweeney according to the list has a net worth of $7.16 Billion to be exact which make him stand up against the billionaires like George Soros and George Lucas. But, still, there is a long way to go for him.
Despite being launched in the summers of 2017, Fortnite has been able to dominate in the year 2018 as well. The challenges in the game are loved by gamers across all platforms and since it can be played on any iPhone, Android, PC, Mac, Xbox One, PlayStation 4 and Nintendo Switch, it has helped the franchise to have a network of over 200 million players and millions of dollars of monthly revenue together.
Although Fortnite did play a major role in Tim Sweeney’s wealth, that Billion mark was not achieved solely because of it as Epic Games was already an extremely successful company in the gaming industry.
Epic Games generates its revenue in one of the smartest ways based on the Unreal Engine, a set of software tools used to build some of the world’s biggest games (including Fortnite, of course). So, when game developers and publishers sell games made with the same Unreal Engine, Epic Games gets a cut from it which itself is massive.
That is not all! Tim and his company are also working on an online store for all the game developers and publishers, the Epic Games Store, which is specifically made to come in competition against the Valve’s Steam service.
This new retail option in the market from Sweeney and Co would also offer larger cut for game sellers of their own profits. Currently, Epic Games is winning it by offering an 88 percent revenue split, while Steam and other digital retailers like Apple’s App Store only stay limited to 70 percent.
Epic launching Steam rival with 88% revenue share for developershttps://t.co/GTFnG4kdtn
Free games, direct access to customers, mod support and more; Tim Sweeney reveals the plan for the Epic Games Store pic.twitter.com/8juER316f0
— GamesIndustry (@GIBiz) December 4, 2018
The way Tim Sweeney is going forward with his Epic Games, he will not only improve his position in 500-richest list but we are pretty hopeful that the gaming industry will also see some major revolutions for the better. For now, Fortnite is just too good to stop and the challenges will always keep you hooked.