Fortnite boom propels Epic Games to $8.5bn valuation

The battle royales success has also made Epic Games’ founder Tim Sweeney a billionaire

Fortnite boom propels Epic Games to $8.5bn valuation

Fortnite and Unreal Engine maker Epic Gameshas almost doubled in value in the last year to $8.5 billion.

That's according to figures from Bloomberg, which claims the North Carolina-based company's value has jumped from 2017's $5bn.

Victory Royale

To the surprise of no-one, Fortnite is behind this massive growth. The game's free-to-play model is credited with helping Epic out, with analysts telling Bloomberg that this is responsible for some of the highest revenue-per-user figures in the market.

Additionally, this has meant operating margins are more than 50 per cent.

The growth will be particularly good news for both CEO and controlling shareholder Tim Sweeney - who has become a billionaire off the back of this boom.

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PCGamesInsider Contributing Editor

Alex Calvin is a freelance journalist who writes about the business of games. He started out at UK trade paper MCV in 2013 and left as deputy editor over three years later. In June 2017, he joined Steel Media as the editor for new site In October 2019 he left this full-time position at the company but still contributes to the site on a daily basis. He has also written for, VGC, Games London, The Observer/Guardian and Esquire UK.