Epic Games is one of the biggest platforms for buying games; additionally, it is also a prominent game developer whose Unreal engine is one of the most widely used game development tools in the world.
The engine is used by many companies involved in game development as well as Epic Games themselves, who used the engine for games like Unreal, Gears of War and Infinity Blade.
The company is one of the biggest game developers in the world and was valued at $15 billion.
What Is The 2020 Net Worth Of Fortnite Creator Epic Games? How Much Profit Did It Earn?
As one of the most popular game developers whose engine is used all over the world, the company has a reported net worth of around $4.5 billion in 2020. The company has also generated a lot of money right from its inception in 1991.
In fact, the company has been one of the biggest names in the industry for over 20 years. It has also been valued at $15 billion in 2020. It was valued at $8 billion in 2018.
The profits of the company in 2018 was $3 Billion as per data from Techcrunch.
Epic Games reported over $680 million in revenue from its 108 million customers since its initial release in 2018.
Revenue From Fortnite
The studio has released some popular games like Gears of War, Infinity Blade, etc. but Fortnite is perhaps the developer’s most popular game, it is the studio’s biggest cash cow. The game was released on July 25, 2017, and has over 200 million players worldwide.
Star gamer Ninja (Tyler Blevins) is also one of the players of Fortnite and his rise to epic stardom. Ninja streamed the game on Twitch, and viewers watched over 200 million hours of his content.
In March 2019, the game had over 250 million players; similarly, the 2019 Fortnite world cup handed out over $30 million as the cash prize.
When Was Epic Games Established?
Tim Sweeney founded Epic Games as Potomac Computer Systems in 1991. The game studio released the first game in ZZT. His first game sold thousands of copies as of 2020.
The company changed its name to Epic MegaGames and ran with the name for around seven years. They finally changed the name to Epic Games in 1999.
During this time, the company united all of its developers of the Unreal engine and moved its headquarters to Cary, North Carolina, US, according to Sweeney it was when the magic finally happened.
In 2020, the company has over 1000 employees and has a lot of subsidiaries in various countries in the world.
Investments And Stock Prices
Epic Games struggled with investors during the time before its huge success, then Tencent games invested around $330 million in the company acquiring around 40% of the company in 2012.
Then, in October 2018, KKR, ICONIQ Capital, Smash Ventures, aXiomatic, Vulcan Capital, Kleiner Perkins, and Lightspeed Venture Partners invested more than $1.25 billion in the company. Epic Games is a privately owned company, and the exact stock prices are not available in the media.