Epic Games, the developer behind Fortnite and Unreal Engine has garnered immense popularity amongst the gaming community in recent years. The company founded by Tim Sweeney is one of the leading giants in the gaming industry. According to reports, as of 2022, the company had a $32 billion equity valuation.
While most of the revenue is segmented through their flagship games like Fortnite and royalty from Unreal Engine games, the company also makes tons of money through the Store. Such a high valuation would surely make some wonder – what exactly is the net worth of Epic Games?
In this guide, we will cover the company’s total revenue in recent years for you to have an idea of the company’s earnings. However, these are estimated figures for the company and are susceptible to changes.
Epic Games Net Worth 2024
According to reports, Epic Games generated approximately $6.27 billion net worth in 2022. The company is projected to generate anywhere around $6.5 billion in 2023. There has been a steady increase in the revenue of Epic Games ever since Tencent, the Chinese multinational technology and entertainment conglomerate, acquired about 40% of its stock for $330 million in 2012.
How Does Epic Games Make Money?
Since the deal, Epic has gone on to launch their own games which include the global phenomenon, Fortnite. The launch of Fortnite surely was a major success for the company since the game even now has more than 500 million registered users in 2023 with more than 250 million active ones.
Along with its games, Epic Games has also developed its own commercially available game engine known as Unreal Engine. The engine was further used to develop games like Fortnite, Gears of War, etc. The engine was a massive success and is named the most successful video game engine.
In 2019, the engine earned Epic Games around $124 million and it continues to do so in their net worth. The company further earns a 5% royalty from games that are run on Unreal Engine once the title earns over $1 million.
The Company has many developers and subsidiaries under its wing, including Chair Entertainment, Psyonix, Mediatonic, and Harmonix. As mentioned before, Epic Games has a 32 billion dollar equity valuation. The value increased recently in April 2022 when Epic raised $2 billion from the Lego Family Office and Sony in a funding round.
How Much is Epic Games Owner Worth?
Epic Games was founded by Tim Sweeney as Potomac Computer Systems in 1991 which later became Epic MegaGames, Inc. in early 1992. According to Forbes, as of 2023, the Chief Executive Officer of Epic Games earns anywhere around $4.1 billion. The founder was also featured in the list of Forbes 400 in 2023. Tim Sweeney earned around $7.1 billion in 2021 even while engaging in legal battles with Apple and Google for issues over Fortnite.
That’s everything covered in this guide. If you find this guide helpful, check out the net worth of Bethesda, the company behind titles like Skyrim, Starfield, etc.