Tim Sweeney Net Worth
Tim Sweeney net worth and salary: Tim Sweeney is an American game developer and CEO who has a net worth of $8 billion dollars. Tim Sweeney was born in Potomac, Maryland in 1970. He began developing a shareware company called Epic while he was in college at the University of Maryland. He was majoring in Mechanical Engineering, as he'd been interested in programming and games since elementary school. After college, he began developing his own games, working out of his parent's basement. His first game, "ZZT", proved to be a hit, and launched his company Epic Games. He went on to develop the Unreal Engine, the game engine that became the foundation of his "Unreal" series of first-person shooter games. Since then, first-person shooter games have become immensely popular, and his innovations have been used for many other popular video games. Anytime a third party develops a game using the Unreal suite of pro tools, Epic gets a 5% royalty on that game's revenues. He has developed such games as the "Gears of War" series, the "Unreal" series, the "Infinity Blade" series, "Solar Winds", "Epic Pinball", and "Seek and Destroy", among many others. Before he sold Gears of War to Microsoft for an undisclosed price, the game had generated over $1 billion in sales. His biggest hit to date is "Fortnite". After being launched in September 2017, Fortnite crossed the $1 billion revenue mark in July 2018. The iOS app reportedly generates $2 million per day in revenue for the company. In some months, the game generates north of $300 million in revenue. Sweeney sold 40% of Epic Games to Chinese conglomerate Tencent back in 2012. At one point Tim owned a fleet of luxury cars that he kept at his mansion in North Carolina. He has since sold those cars and in their place bought 35,000 acres of North Carolina land to preserve and protect. In 2016, he gave away 15,000 acres of wilderness in Western North Carolina.