Fortnite Net Worth in 2023 [Is It Still A Gaming Sensation?]

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Industry:Video Games
Net Worth/Valuation:$2 billion
Latest Reported Gross Revenue:$6+ billion (2021)
Year Released:2017
Owned By:Epic Games, Tencent

Frequently Associated With

Fortnite Net Worth

Fortnite: Battle Royale has been estimated to have a valuation of roughly $2 billion.

How does Fortnite make its money?

It’s a legitimate question, as Fortnite: Battle Royale is a free-to-play game. However, for many players, it’s no surprise to learn that a lot of the revenue that Fortnite generates comes from optional in-game purchases. You can buy skins for your character and weapons/accessories with Fortnite V-Bucks, the in-game currency. These V-Bucks are purchased with real money either in-game or in retail stores through gift cards.

In addition to skins, Fortnite players are able to purchase a Battle Pass, which gives them access to features that aren’t available to non-Battle Pass players. You get to partake in map and character changes, and you get a better deal on some purchases as well.

Lastly, Fortnite has numerous partnership deals with various merchandising companies. This allows them to generate revenue from use of their intellectual property for a percentage of revenue or profits made by each of their partners.

Fortnite revenue over the years

2018$5.4 Billion
2019$3.7 Billion
2020$5.1 Billion
2021$5.8 Billion
2022$6+ Billion

Why is Fortnite so successful?

While there are many things Fortnite does really well, what sets them apart from a lot of other games is that Fortnite implemented a free-to-play model that attracted a lot of players from the get-go and allowed them to become invested in the game before opening up their wallets to features like skins and passes.

As of 2021, latest records show that Fortnite has a player base of over 270 million players around the world.

Fortnite is best known for

Fortnite is known best as a wildly successful franchise in the battle royale space, competing with the likes of PlayerUnknown’s Battlegrounds, another first-person shooter in the Battle Royale genre. In this type of game, you try and eliminate other players while staying within a dynamic boundary on the map that gets smaller and smaller until only one player is left standing as the winner.

Oh, and they are also known for their iconic Loot Llama as well.

Parent company of Fortnite

Fortnite is owned by Epic Games which is in turn owned by majority shareholder Tencent as well as founder and CEO Tim Sweeney.

Fortnite’s most popular and most well-known player is definitely Tyler “Ninja” Blevins, who reportedly makes over $500,000 per year streaming the game on Youtube and Twitch.

Recent developments in Fortnite

In March of 2022, Fortnite officially announced that they would add a Zero Build feature to the game, where the building features of the game are removed and players can simply focus on playing the game through traditional elimination, making it more familiar to players of other battle royale games who may not have played Fortnite or avoided it due to the building skills required on top of being a first-person shooter.

Fortnite removal from Apple store

In August 2020, Fortnite, a popular online video game developed by Epic Games, was removed from the Apple App Store. The removal occurred following a series of events related to a payment dispute between Epic Games and Apple.

The controversy began when Epic Games introduced a new payment system within the Fortnite app that bypassed Apple’s in-app purchase mechanism. This move was a violation of Apple’s App Store guidelines, which require developers to use Apple’s payment system and pay a commission on in-app purchases.

In response, Apple removed Fortnite from the App Store, stating that Epic Games had violated the guidelines and created an unfair competitive advantage. As a result, users could no longer download or update Fortnite on iOS devices through the official App Store.

Epic Games anticipated Apple’s response and promptly filed a lawsuit against the tech giant, alleging antitrust violations and anti-competitive behavior. The legal battle between the two companies ensued, with each side presenting arguments and counterarguments.

The removal of Fortnite from the Apple App Store sparked a significant public debate regarding the control and policies of app stores, as well as the relationship between app developers and platform owners. Many developers expressed support for Epic Games, citing concerns over Apple’s strict guidelines and commission fees.

Since the removal, Fortnite players on iOS devices have been unable to receive game updates or access new content released by Epic Games. However, players who already had the game installed on their devices before its removal could continue to play, but they were unable to receive updates or access new features.

List of Fortnite Collaborations

Marvel: Fortnite has had several collaborations with Marvel, bringing characters like Iron Man, Thor, Spider-Man, Black Panther, and many more into the game.

DC Comics: Characters from the DC universe, such as Batman, Superman, Wonder Woman, and The Joker, have also made appearances in Fortnite.

Star Wars: Fortnite hosted special Star Wars-themed events and skins, including Rey, Kylo Ren, and Stormtroopers.

John Wick: A limited-time event introduced a Wick’s Bounty LTM and a John Wick skin.

Stranger Things: A crossover with the popular Netflix series brought elements from the Upside Down to Fortnite.

Travis Scott: A virtual concert event featuring Travis Scott took place within the game.

Ariana Grande: In a later collaboration, a special in-game concert event featured Ariana Grande.

Alien: A collaboration with the Alien franchise included a Xenomorph skin and other related items.

Predator: The Predator made an appearance in Fortnite with its skin and challenges.

NBA: Fortnite has had collaborations with the NBA, introducing basketball-themed cosmetics and events.

NFL: Similarly, NFL-themed skins and challenges have been available during special events.

Rick and Morty: Characters from the animated series Rick and Morty made an appearance in Fortnite.

Fortnite X Ferrari: A collaboration with Ferrari introduced a special Ferrari-themed event.

The Walking Dead: Characters like Daryl Dixon and Michonne were added to Fortnite during a crossover event.

Street Fighter: Fortnite collaborated with the Street Fighter franchise, introducing Ryu and Chun-Li as skins.

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