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Billionaire Valve Boss Gabe Newell Buys Florida Super Mansion for $70.8 Million

by 17 June 2026013
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Gabe Newell has splashed out $70.8 million on a Florida tremendous mansion that comes with its personal tunnel to the ocean.

The billionaire Valve boss acquired the roughly 20,000-square-foot residence in Manalapan, Florida, the Wall Street Journal reported. Newell purchased it from Cindy and Ron McMackin, founders of the mechanical subcontracting firm Pan-Pacific Mechanical, who paid $39 million for it in 2020.

In keeping with the WSJ, Newell’s new residence features a tunnel connecting the waterfront property with the ocean by way of a seaside. We are able to see what this seems to be like by way of a 2020 promotional video revealed to YouTube by Premier Property Properties, which dealt with the sale. An ideal match for the odd headcrab? I would deliver a crowbar… simply saying.

Elsewhere, there’s an outside pool, a dock, and a ship raise. There’s additionally an eight-car carage, a wine cellar, visitor quarters, and even a wellness wing.

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Gabe Newell’s new tremendous mansion has a tunnel resulting in the seaside. Picture credit score: Premier Estate Properties / YouTube.

Valve is a privately held firm, which suggests its funds will not be public, however we all know Newell is among the richest individuals within the online game trade with an estimated web value of $11 billion. He based Valve, introduced Steam into being, and launched iconic video video games corresponding to Half-Life, Counter-Strike, and Dota. Steam dominates the PC gross sales market and earns Valve a reduce of income with every sport sale.

In recent times he is lived at sea, slightly than near Valve’s Bellevue, Washington headquarters. He owns numerous luxurious yachts. The flagship of his fleet, known as Leviathan, has an onboard hospital, lab, spa, and naturally gaming stations. He’s purchased a shipyard, and owns a analysis organisation known as Inkfish.

In July final 12 months, Newell provided a uncommon perception into his life, speaking about his days dwelling, working, and having fun with life on a ship. In dialog with a YouTuber known as Zalkar Saliev, who had simply 19 subscribers on the time the interview clips went stay, the 63-year-old Newell stated he labored seven days every week from his bed room on his superyacht, as a result of it was “enjoyable” and he nonetheless “likes working.”

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This is one other place for Gabe Newell to not be engaged on Half-Life 3. Picture credit score: Premier Estate Properties / YouTube.

Requested to explain his each day routine, Newell stated: “I rise up, I work, I’m going scuba diving, work some extra. I both go on a second scuba dive or I’m going to the health club and work out. Then I work. I stay on a ship, so I simply hang around with all people on the boat.”

“I work seven days every week,” he added. “I am working from my bed room, as you possibly can inform. I like working. It is enjoyable. To me, it would not really feel like work. The sorts of issues that I get to do every single day are tremendous superior. I’ve stated it earlier than, however whenever you retire, you wish to cease doing all of your horrible job after which go do what’s most enjoyable and entertaining. And so in that sense, I have been retired for a very long time.”

Increasing on the varieties of work that preserve him busy today, Newell stated: “Attending to work with Drew and Jeremy on AI stuff or Chris on Steam stuff… In one of many firms, we’re engaged on an aerosol pathogen detection machine so you possibly can see all of the pathogens which might be within the air. Mind pc interfaces are extremely cool, and the entire related neuroscience is extremely cool. So, I simply work on a regular basis.

“But it surely’s not like, ‘Oh my God, I am up late at evening slaving away on stuff.’ It is extra like I can not fall asleep as a result of I am having enjoyable, you understand?”

However the reality Newell has now purchased a house on land suggests he plans to spend at the very least a few of his time dwelling in it. What does this imply for Half-Life 3? Nothing, sadly.

And simply to focus on that Newell nonetheless has at the very least one toe dipped within the water, he lately started development on a $230 million deep-sea analysis ship that can carry robots, labs, and 70 scientists to map the deepest oceanic trenches by 2028. Maybe he’ll discover Half-Life 3 down there someplace.

Photograph by Olly Curtis/Future Publishing by way of Getty Pictures.

Wesley is Director, Information at IGN. Discover him on Twitter at @wyp100. You may attain Wesley at wesley_yinpoole@ign.com or confidentially at wyp100@proton.me.

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