this post was submitted on 16 Nov 2025
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Gabe Newell caps off Steam Machine week by taking delivery of a new $500 million superyacht with a submarine garage, on-board hospital and 15 gaming PCs (www.pcgamer.com)
submitted 3 days ago by misk@piefed.social to c/games@sh.itjust.works
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[โ€“] python@lemmy.world 4 points 2 days ago (1 children)

Well that's not fair, a lot of his money also comes from scammers laundering stolen credit card funds through steam game keys.

[โ€“] Katana314@lemmy.world 1 points 1 day ago

Well, hold on, while that industry is indeed scummy, Valve doesn't ever see a cut of it, do they?

Valve allows developers to print their own Steam keys, and takes a 0% cut of them. Game devs use that opportunity to sell the keys to legitimate key sites, which take less of a cut than Steam does, but offer no refund guarantees or other support. Then, credit card thieves buy those keys using stolen cards, and resell them on illegitimate key sites.

So in summary, as long as Valve doesn't take a cut on that key generation, they don't directly profit. They just keep allowing key generation to allow game devs a bit more freedom in sale.