Maybe you know something about the game industry, but do you know what Riot Games’ net worth is? The video game industry has evolved tremendously from the early days of Nintendo and computer games.
Today, coding and producing games is an incredibly complex process. And the cost of production is high. That said, the gaming industry is now worth twice that of the movie industry. And it’s generated a revenue of $155 billion in the year 2020 alone.
It’s apparent that the revenue in the game industry is expected to increase as the industry continues to grow. Riot Games is one of those taking a significant piece of this pie. The subsidiary of Tencent is estimated to have a net worth of about $26 billion. And Tencent currently ranks 4th among the biggest video game companies globally.
Let’s take a quick peek into what Riot Games does and detailed info about how much they are really worth.
What is Riot Games?
Brandon Beck and Marc Merrill founded Riot Games in 2006 in Los Angeles by raising $1.5 million through first-stage seeding.
Riot Games produced their first game in 2009, which was the ever-popular League Of Legends. This first game concept attracted the attention of different key players in the industry to invest in the company.
Fast forward to 2012, when Tencent purchased more than a 90% stake in the company. This $400 million business transaction signaled the birth of many exciting innovations in the gaming industry, such as player behavior control. Over the space of two years, League Of Legends had improved and attracted over 100 million players worldwide.
However, during a massive transition in 2015, Tencent bought the company’s remaining shares to become the company’s sole owner. Riot Games has since grown exponentially and has won several awards.
What is Riot Games’ Net Worth?
The net worth of a company tells us more about the company’s financial health. It could either be an encouragement or a wake-up call. For investors, the net worth provides a snapshot of the company’s overall stability. It provides potential investors insight into whether the company may be worth investing in.
Between 2014 and 2017 alone, Riot Games made an average of $1.6 billion. And the net worth of the League Of Legends franchise alone was around $15 billion. This, combined with revenue from its other major titles, has raked in serious money over the years. These titles include hugely popular games, such as Dota 2 and World Of Warcraft.
As of January 2021, Riot Games’ net worth is estimated to be about $26 billion.
The video game industry is still growing with more innovations and ideas yet unseen. Riot Games is already one of the most essential players in the industry. In fact, the company is poised to top the industry in the near future, and its fans agree.