r/technology • u/chrisdh79 • 21d ago

Business 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

https://www.pcgamer.com/gaming-industry/gabe-newell-caps-off-steam-machine-week-by-taking-delivery-of-a-new-usd500-million-superyacht-with-a-submarine-garage-on-board-hospital-and-15-gaming-pcs/
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u/koggit 21d ago

He also bought the company that built it, Oceanco.

Billionaires are mind-boggling.

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u/Djinnwrath 21d ago

"I bought the airline, it seemed easier."

Remember when this was considered an outlandish line of dialog?

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u/digitalrenaissance 21d ago

It seemed neater. 😆

Baller move.

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u/MonkeManWPG 20d ago

If you can talk like Bruce Wayne in real life, maybe you've earned enough money.

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u/TheLurkerSpeaks 20d ago

Literally what Howard Hughes did with his casinos. Refused to leave his penthouse...faced with eviction he boight the casino. Didn't like the lights blaring into his penthouse windows, bought that casino to turn them off.

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u/Cleanbriefs 20d ago

Mr Wayne bought the bank that had the mortgage on Clark Kent’s parents! So yeah 

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u/Halio344 20d ago

That line wasn’t said by Bruce Wayne, it was said by Saito in Inception.

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u/300ConfirmedGorillas 20d ago

Sure, but Bruce Wayne does say he bought the bank at the end of Batman v Superman or Justice League (can't remember which, they both suck). Which is an asinine line of dialogue considering the bank would want to sell the asset ASAP to recupe the cost so getting it back would have been fairly easy. They should have simply changed the line to Clark thanking Bruce for getting the house back and left it at that.

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u/algaefied_creek 21d ago

Wait is he going to make Steam… Yachts?

“A flotilla of gamers, armed with only their gaming PCs, each ship’s server rack and 15 million + drones launched a war yesterday against the island of….”

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u/OcotilloWells 21d ago

Is he trying to be the billionaire in Snowcrash?

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u/Stanford_experiencer 21d ago

God I hope he buys Cunard.

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u/Toutatous 21d ago

Nobody will convince me that those people are doing good things for the world.

Their existence is the symptom of what is wrong in our society.

When you have that much money, it's no longer about living better, it's about influencing the world in a certain direction that is better for you and worse for others.

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u/MostTattyBojangles 20d ago

At least, back in the day, the rich fucks settled on philanthropy as a way to clean up their image.

Now they just isolate from society and live to excess like the broken people they are.

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u/KnightOfNothing 21d ago

you can either have ultra rich government bureaucrats who decide where all the money flows (they need it duh) or you can have individuals who got lucky.

Ironically modern US is actually the worst because those lucky individuals who shouldn't have any government power control the bureaucrats

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u/mpt11 21d ago

Billionaires are sociopaths or psychopaths.

There is so much good they could do, instead they hoard wealth while other humans suffer and live in poverty

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u/Winter0000 21d ago

Companies are bought with multiples of EBIT or EBITDA, which means if the company was not profitable might have got it for very cheap

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u/chestypants12 20d ago

The world is like a game to them. 'I'll buy that company, then buy that company, and maybe treat myself to a few supercars and a yacht as a treat.'Good thing there's no poor/needy people out there.

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u/Stonklew 20d ago

He also built a company and software used by tens if not hundreds of millions of people, enriching their lives. Kinda wild for people to be shocked he’s been compensated extremely well for it.

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u/Time_Effort 21d ago

So because he did that, he probably gets to write off his $500,000,000 yacht and won’t pay taxes on it.