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Fortnite Makes Epic's Tim Sweeney A Billionaire

by Imran Khan on Jul 25, 2018 at 02:50 PM

As the mainstream news takes note of Fortnite's raucous success, newspaper Bloomberg has noted that Epic founder and chief Tim Sweeney has joined the billionaire club thanks to the game. 

Sweeney is also Epic's majority shareholder, which means he benefits rather directly from the fortunes of the company. In the Bloomberg story, it's mentioned that Fortnite is expected to generate around $2 billion this year, which raises the value of Epic itself "worth $5 billion to $8 billion, according to the Bloomberg Billionaires Index."

Bloomberg credits this to Fortnite being free-to-play with payments, citing the V-Bucks as the major revenue driver for Epic at this point. The outlet also describes Sweeney's favorite drink, "a self-made concoction of 60 percent water and 40 percent Diet Coke from the company’s fountains."

Fortnite released one year ago as the paid Save the World mode.

[Source: Bloomberg]

 

It's simultaneously obvious and also hard to believe that Fortnite is such a moneymaker. Even if the game lost popularity tomorrow, it is always going to be historically significant for the way it took off.