Epic Games has been valued at $15,000,000,000 United States Dollars after a funding round from private equity firm KKR.
Recently, Fortnite’s developers/publishers Epic Games raised over $1.25 billion USD in cash bonuses to contribute to more e-sports events. In 2012, the company was valued at $660 million prior to a takeover by Chinese holding giant Tencent; who purchased a 48% stake in the company.
Since then, Epic Games has published Gears of War: Judgment and developed and published Fortnite Save the World and – its most popular product – Fortnite Battle Royale. The gamemode for Fortnite has launched in popularity after just a year – consistently battling League of Legends (developed by Riot Games, another Tencent subsidiary) for the top spot of Twitch.
According to Forbes, Epic Games’ CEO Tim Sweeney is himself worth approximately $1.8 billion USD, and according to SuperData Research, Fortnite hit over $1 billion USD in revenue from in-game purchases and microtransactions in July of this year. Fortnite continues to dominate the charts in both social media influence and popularity.
Even after releases of both Red Dead Redemption 2 and Call of Duty: Black Ops 4 in the month of October, the Fall Skirmish Fortnite Tournament was enough to keep Fortnite Battle Royale’s hours watched almost double that of the latter.
Either way, it looks like the $1 billion USD Epic Games raised for e-sports and live events has given them the extra push to become worth $15 billion. What a feat for such an influential developer and publisher.