Valve founder Gabe Newell acquired a mansion in the upmarket Manalapan neighborhood of Florida for $70 million, agreeing to a $15 million discount from the original price of $85 million. The residence has an area of about 8,000 square meters. m overlooking the Atlantic Ocean includes a swimming pool, a dock with a boat lift and a unique tunnel connecting the house directly to the ocean. Previous owners bought the property in 2020 for $39 million, nearly doubling its value over five years.

This purchase was a continuation of a series of large-scale acquisitions by Newell. He previously bought a superyacht and then the shipyard that built it, paying more than $500 million. Also known is an order for a scientific vessel worth $816 million to explore ocean sinkholes. The fortune of Valve’s founder is estimated at $6-11 billion, so such outlays do not pose a threat to his financial situation.