Epic Games, Inc. was founded in 1996 in Cary, North Carolina, and is an American video game and software developer and publisher. Tim Sweeney started the company in 1991 in the basement of his parent’s home in Potomac, Maryland under the name Potomac Computer Systems.
After the success of their first commercial video game, ZZT (1991), the firm rebranded as Epic MegaGames, Inc. and hired Mark Rein in early 1992. Since 1992, Rein has held the position of vice president.
The company changed its name and relocated to Cary in 1999 under the banner of Epic Games. Fortnite, as well as the Unreal, Gears of War, and Infinity Blade franchises, are all powered by Unreal Engine, which Epic Games creates and makes accessible for purchase to the public.
Guinness World Records recognized Unreal Engine as the “most successful videogame engine” in 2014. Now let’s find out Epic Games Net Worth.
About the Founder of Epic Games
Tim Sweeney started the company and runs it as CEO. He entered the world in 1970, and his birth year is reflected in the fact that he developed the Unreal Engine. He attended the University of Maryland and majored in mechanical engineering after growing up in Potomac. He himself is worth more than $7 billion.
Epic Games Net Worth
Epic Games is presently estimated to be worth around $32 billion. According to the most recent financial reports, Fortnite Battle Royale contributed heavily to the company’s $1.2 billion in sales in 2021. After more than three decades in business, this firm shows no signs of slowing down as it expands and acquires new patents.
Epic Games is Best Known For
At the present, Fortnite Battle Royale is by far Epic Games’ most well-known game. Similar to PlayerUnknown’s Battlegrounds (PUBG), it is a battle royale game that came out in 2017. There are currently between 3 and 4 million active users and 30 million daily users. It continues to be actively updated, with no signs of stopping down in sight.
Epic Games – The Beginning
While Tim Sweeney was attending the University of Maryland to earn a degree in mechanical engineering, he founded Epic Games in his parent’s basement under the name Potomac Computer Systems.
After some research, Tim Sweeney decided it would be too much work to keep Potomac Computer Systems functioning as a computer consulting business, so he abandoned the concept.
Sweeney used Potomac Computer Systems to release his first game, ZZT, to the public. He later renamed the company Epic Mega Games, Inc, until finally dropping the “Mega” in 1999.
In 2020, Epic Games will offer a discount on Fortnite in-game money through their online store, encouraging users to avoid the Apple App Store and the Google Play Store in favor of making direct purchases from Epic Games.
As a result, Apple and Google took Fortnite off their app stores, claiming it was in violation of their terms of service. Epic Games sued Apple in 2020 and then Google the following year.
The judge ruled against Epic Games and banned the company from publishing on Apple’s app store in the future, along with ordering them to pay Apple $3.6 million in lost income.