Gabe Newell has acquired Oceanco, the prestigious Dutch shipyard recognized for crafting high-end superyachts. The financial details of the transaction remain undisclosed. Newell, co-founder of Valve Corporation with an estimated net worth of $9.5 billion, is also the owner of at least one Oceanco yacht. Oceanco specializes in custom-built superyachts, producing only a few per year that each exceed nine figures in cost. Notable projects include Jeff Bezos's 127-meter sailing yacht Koru, completed in 2023, and Draak, owned by Newell.
Gabe Newell has purchased Oceanco, the Dutch builder of renowned superyachts, though the purchase price remains undisclosed. Newell is a billionaire co-founder of Valve.
Oceanco is known for delivering only a couple of highly customized superyachts each year, each costing well into the nine figures.
The shipyard's largest build is Koru, a 127-meter yacht delivered to Jeff Bezos in 2023, praised for its aesthetics despite some controversial moments during its construction.
Newell also owns Draak, a 91.5-meter Oceanco yacht featuring a helipad, indicating his interest in high-end maritime assets.
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