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GamesRadar
GamesRadar
Technology
Anna Koselke

Steam founder Gabe Newell is investing his $9.5 billion fortune in his new passion, big ass boats, because he's "a hands-on visionary who respects the sea"

Steam and Valve's Gabe Newell.

Custom yacht builder Oceanco has announced Valve co-founder and president Gabe Newell as a new shareholder – but assures "this is not about buying a yacht company."

In a new public announcement, privately owned custom yacht builder Oceanco, which is based in the Netherlands, is revealed as having entered "a new chapter with Gabe Newell – founder of Valve, tech pioneer, and longtime supporter." The company continues, explaining how it's "time for Oceanco's next ownership" as Omani billionaire Mohammed Al Barwani and family move on but "remain active in the yachting world."

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