|Epic Games, Inc.
|Cary, North Carolina, United States
|Tim Sweeney, Mark Rein
|Number of Employees:
|United States of America and world
|Products of Company:
|video game and software developer and publisher
|Net Worth in 2024:
Epic Games, Inc. is a popular, well-cherished, and fantastic video game, software developer, and publisher franchise having its deep roots in Cary, North Carolina, United States of America. The franchise was established in the year 1991 as Potomac Computer Systems by Tim Sweeney. In 1991, the company also released its first commercial video game called “ZZT.” Later, in 1992, the franchise was rebranded as Epic MegaGames, Inc and introduced Mark Rein, the vice president of the corporation. In 1999, the headquarters of the franchise moved to Cary, and the name of the studio was simplified as Epic Games.
Well, how well do you know about Epic Games? If not much, we have compiled all you need to know about Epic Games’s net worth in 2024, wiki and complete details. Well, if you’re all set, here is what we know about Epic Games to date.
Epic Games is an extensive online game developer franchise that serves the people around worldwide. It is a private type of company that was established around 30 years back in Potomac, Maryland, US. The owners of the company are Tim Sweeney (~50%) and Tencent (~40%).
The company’s key people include Tim Sweeney, who serves as the CEO, Adam Sussman, who serves as a president; Donald Mustard serves as a CCO, Kim Libreri, who serves as a CTO; and Mark Rein, who serves as a vice president. The franchise products are Gears of War series, Fortnite, Unreal Series, Epic Games Store, and Unreal Engine.
The company was established back in 1991 when he was just a university student at the University of Maryland. Earlier, the franchise was a computer consulting business, but afterward, he came up with the idea after realizing it would have taken a lot of work to keep the business at a stable pace.
In 1991, he finished working on his first game called ZZT, and later, the game became successful. Tim Sweeney was the only employee of the franchise in 1992, and later, he thought of hunting for a business partner. His search was ended when he met Mark Rein, who previously quit his job at I’d software.
Mark was the only person back then who was responsible for handling sales, marketing deals, and publishing. The franchise grabbed more than 30 employees by the year 1993, and at that time, the franchise name was Epic MegaGames. The company’s first releases were Fire Fight and Unreal, and later it expanded to a series entitled Unreal Games.
The franchise announced the change in its working location from Toronto to Cary, North Carolina, in 1999. In the same year, the company rebranded its name from Epic MegaGames to Epic Games. The vice president of the franchise stated that they moved to Cary to enable all the developers to come under the same roof to better the company’s efficiency.
The franchise came up with competition is known as Make Something Unreal in 2004 to promote their online games. The competition’s main aim was to reward video game developers who established different mods using the engine of Unreal game. In the first contest, a developer christened Tripwire won and was awarded $80,000 in cash and several other gadgets.
The franchise launched its one of their victorious game entitled as Gears of War in the year 2006. Later, the corporation grossed around $100 million out of the total $12 million initial budget. The following year, the company launched another game under the game Unreal Tournament 3. In the year 2011, the franchise launched its third game of the Gears of War series, which made the franchise grow more rapidly. Later, all the video games were available on different platforms for easy access for the players.
The company achieved its highest peak in 2011 when it launched its most famous and successful game called Fortnite. This game helped the company to achieve massive success.
The youngsters and adults immensely use video games for their enjoyment, and this franchise: Epic Games, gives the best kind of games modes to the users. This franchise is one of the most successful online video game corporations of all time. In the year 2019, the franchise was awarded the BAFTA award. Apart from all this, their video games can be accessed via different social platforms from any corner of the world, which is their biggest achievement. One of their most significant achievements is they have a massive number of users, which makes this franchise famous worldwide.
Net Worth & Earnings of Epic Games in 2024
As of 2024, Epic Games Inc. has an estimated net worth of $30 Billion. The corporation is an online game-based franchise that gives access to users to play video games over multiple platforms with multiple game modes and features. The franchise made a profit of almost $3 billion in the year 2018, and this has massively increased the value of the franchise. The company’s fortune peaked with Fortnite Battle Royale’s video game and had around 250 million active players.
In this era of the world, video games are an integrated part of youngsters’ and adults’ lives. The craze of video games has massively overshadowed the lives of people. The most successful company of video games nowadays is Epic Games. The franchise was established in the year 1991, and since then, it has grown bit by bit, and now it is the top franchise in the gaming world. The most famous and commercially successful game is called Fortnite Battle Royale, which was released in 2017. It has created itself as one of the largest and most prominent online video gaming franchises.