Re:Doom Creator John Carmack Honoured with Bafta
by 1123581321 on Friday April 08, 2016 @12:52AM
(#11452642)
I'm obviously not in the know, but I think his liquid assets were low (for a software legend) before the Oculus sale. He mentioned selling his cars to help fund Armadillo at one of his Quakecon talks.
His co-owner stake in id Software alone was likely worth $40 million (not after taxes of course) or more (ZeniMax raised an extra $105m for the purchase), and he had earned a fortune prior to that courtesy of 20 years of high selling games and relatively small development costs (some of which was burned on Armadillo Aerospace, perhaps up to $10 million total based on what Carmack has publicly said about the cost of operating it).
The high-priced buyout by Facebook likely increased Carmack's network significantly. $40m would be just 2% equivalent of the Facebook acquisition price. I wouldn't be surprised if Carmack owned 2% of Oculus.