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The free-to-play game, released in July 2017, brought in an estimated $1.8 billion in revenue in 2019. In August 2020, Epic Games raised $1.78 billion at a $17.3 billion valuation from investors like Sony, KKR and David Tepper.
Chinese tech giant Tencent, which bought a 48% stake for $330 million in 2012, is still the largest outside investor. Epic Games is also the creator of the Unreal Engine, one of the most used game development tool kits for other studios.
REAL TIME NET WORTH 1 Tim Sweeney is cofounder and CEO of Cary, North Carolina game developer Epic Games. 2 The private company is the maker of Fortnite, one of the world's most popular games, with over 250 million players. 3 The free-to-play game, released in July 2017, brought in an estimated $1.8 billion in revenue in 2019. 4 In August 2020, Epic Games raised $1.78 billion at a $17.3 billion valuation from investors like Sony, KKR and David Tepper. 5 Chinese tech giant Tencent, which bought a 48% stake for $330 million in 2012, is still the largest outside investor. 6 Epic Games is also the creator of the Unreal Engine, one of the most used game development tool kits for other studios.
According to Epic Games CEO Tim Sweeney, there are 36 possible cross-play combinations for 'Fortnite Battle Royale.'.
Epic Games Will Stop Exclusives If Valve And Steam Meet Its Challenge, But It's Complicated. Epic Games CEO Tim Sweeney says that the company will stop paying for exclusives if Valve and Steam can match their revenue split. It's more complicated than it seems.