Fortnite Jump Pads Epic Games' Tim Sweeney To Billionaire

Someone grab the champagne!!!

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Fortnite alone has amassed over $1 billion from in-game purchases and has served as a major catalyst for today's big Epic Games news. The software development and video game corporation is now valued at $5 to $8 billion and founder Tim Sweeney is now a billionaire.

Bloomberg Billionaires Index is responsible for the estimate and the report focuses on Fortnite's availability as a free-to-play game as a major reason for the game's success.

“On the revenue side, they’ve done something that’s really unique, which is come up with a perception of exclusivity,” said data analyst Michael Pachter. “If you see another player in a leopard skin and go to the store and see it’s no longer available, you think, Shoot, I’ve got to move on it next time.”

This is something prevalent throughout free-to-play games and, occasionally, gets abused in premium-priced experiences as well. The reaction to loot crate and other microtransaction criticism seems to have struck a chord with developers and publishers all around, but time will only tell if the lesson has truly been learned. Fortnite and a handful of others, in the meantime, can reap the rewards of a more acceptable monetary model.

Epic Games made another recent splash beyond the success of Fortnite by revealing a monetary restructure for the benefit of creators that use Unreal Engine. With this new news, that shift is very solid one in hindsight. Stay tuned to Shacknews for future updates.

News Editor

Charles Singletary Jr keeps the updates flowing as the News Editor, breaking stories while investigating the biggest topics in gaming and technology. He's pretty active on Twitter, so feel free to reach out to him @The_CSJR. Got a hot tip? Email him at Charles.Singletary@Shacknews.com.

From The Chatty
  • reply
    July 25, 2018 11:15 AM

    Charles Singletary posted a new article, Fortnite Jump Pads Epic Games' Tim Sweeney To Billionaire

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      July 25, 2018 11:19 AM

      Holy shit. It’s amazing how much money can be made when your game gets into the spotlight.

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        July 25, 2018 11:34 AM

        i think it's more amazing the complete shift they did with this game from the original concept once pubg became popular. would love to know what that meeting was like.

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          July 25, 2018 11:36 AM

          I hope whoever said 'lets rip off pubg' is also rolling in it.

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          July 25, 2018 11:37 AM

          Yeah holy shit that was $1 billion change. When Fortnite first came out it was kind of neat but looked absolutely forgettable.

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            July 25, 2018 11:43 AM

            Man I remember when it was announced and I thought "Meh, Epic just wants to capitalize on TF2's success".

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              July 25, 2018 12:35 PM

              It was originally like a mix of TF2/Left 4 Dead/Minecraft/COD Zombies. I guess the Save the World game mode is still that

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      July 25, 2018 11:44 AM

      It's incredible. This game was DOA with it's original PvE design. They threw in battle royale after seeing the success of PUBG, and I'm sure realizing how much better they could do it than PUBG. People laughed and scoffed at them.

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        July 25, 2018 12:15 PM

        the PvE content does sound interesting, but it's an MMO with zero framework to support it.

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        July 25, 2018 12:16 PM

        Here's hoping the people responsible for such pivot have been recognized monetarily for doing so.

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          July 25, 2018 12:43 PM

          No doubt, can you imagine the person who stuck their neck out with that suggestion?

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      July 25, 2018 12:42 PM

      First billionaire graphics programmer

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        July 25, 2018 12:44 PM

        I don't think Carmack cares, but I wonder.

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          July 25, 2018 1:40 PM

          Cliffy B probably cares more since he used to drive a lamb and shit. Carmack never seemed to care about that stuff.

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            July 25, 2018 1:43 PM

            He cared, he bought a Turbo Porsche and made it Turbo-er, according to Masters of Doom.

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            July 25, 2018 1:47 PM

            Carmack had an F50 that he modded to install new turbochargers, and I think he collected Ferraris at one point.

            He cared.

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