What is Epic Games' net worth in 2021?
If you are a gamer, you must have had a glimpse of how lucrative the industry is.
So, what is Epic Games' net worth in 2021?
What is Epic Games net worth in 2021? Find out Tim Sweeney’s worth. Photo: @Mixed Dimensions IncSource: Facebook
Tim Sweeney is no new name in the video games industry.
He revolutionized the gaming industry by founding Epic Games, which is behind the development of best-selling video games.
Apart from revealing the company’s revenue over the years, this article accounts for the company’s growth.
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Epic Games' net worth in 2021
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By then, he was a student at theUniversity of Marylandpursuing adegree in mechanical engineering.
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By then, it was a computer consultingbusiness.
However, he faced challenges in keeping the company afloat.
In 1992, Tim revived his business and changed its name to Epic MegaGames.
Fortnite Battle Royale, an advanced version of Fortnite. Photo: KGNSource: Facebook
He met Mark Rein, who had quit his job, and they joined hands to grow the company.
Mark worked in Toronto, Ontario, and handled marketing, sales, and business deals.
Hisbusiness development skillssignificantly contributed to the company’s growth.
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Months later, they hired 20 employees.
Cliff Bleszinski, who is behind the development ofDare to Dream, also joined the company.
By 1996, the company had producedFire Fighter, a shareware isometric shooter.
Fortnite, one of the best-selling video games. Photo: @FunkoSource: Facebook
In 1998, it releasedUnreal, a co-developer with Digital Extremes.
It expanded into a series ofUnrealgames.
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Epic Games
In 1999, Epic MegaGame morphed and adopted a new name, Epic Games.
It also moved the company’s headquarters to North Carolina.
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The move brought all the developers, who initially were scattered all over the world, to one building.
Within the same period, the company releasedUnreal Tournament, a follow-up game.
In 2007, the company releasedUnreal Tournament 3for PC.
In December that year, the company releasedInfinity Blade.
In 2018, it released the free-to-play option.
By March 2019, Fortnite had drawn more than 250 million players.
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How much did Epic Games make in 2020?
In 2018, the company made massive sales, and the year’s turnover was over $5.6 billion.
In 2019, the figure dipped a little to $4.22 billion.
However, in 2020, the company’s gross revenue was$5.1 billion.
What is Fortnite’s net worth in 2020?
As of 2020, theFortnitefranchise had an estimated value of $2 billion.
So, what is Epic Games' net worth?
What is Epic Games' net worth in 2021?
The company’s worth is not solely dependent on the revenue from its sales.
It also earns its revenue through Unreal Engine assets and game licenses, and royalties.
The company also has other income streams likemerchandiseand revenue from Epic Game Store.
What is Epic Games worth?
Timothy D Sweeney, popularly known as Tim Sweeney, is the Epic CEO.
He made his fortune through the company.According to Forbes, his net worth is approximately $7.4 billion.
It shot from $4.7 billion in eight months.
They address concerns on questions around the company’s management and net worth.
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She graduated from Meru University of Science and Technology with a Bachelor of Technology in Civil Engineering in 2019.
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She has been writing articles on Briefly.co.za since 2019.
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