recently in Russia, to celebrate the “Victory Day“, Wargaming sponsored a World of Tanks tournament, “Portraits of Victory”, at a Olympic Stadium which marked the culmination of a lifelong fascination with both history and technology for the game’s company CEO, Victor Kislyi.
He started two decades ago together with his brother on their apartment in Minsk which culminated to a present 150 million global users.
Bloomberg Billionaires Index. has valued the business at $1.5 billion and given the 39-year-old a net worth of $1 billion. Victor declined to comment the valuation stating that he lives a “very modest” and and has never tried to put a number on his fortune.
Kislyi controls 64 percent of the Cyprus-based business in his name and through a 25.5 percent stake held by his father, according to Wargaming’s 2013 semi-annual financial report. The business has 4,000 employees on four continents and revenue of $590 million in 2015, according to data compiled by Bloomberg and estimates by analysts.
Even Oleg Shpilchevsky, head of the games business unit at Moscow-based Mail.Ru Group, the RU publisher of Armored Warfare recognizes his success by saying:
“World of Tanks has created its own subculture and that’s the most important thing”
World of Tanks is the biggest online multiplayer game where players operate a warcraft instead of characters and the growth prospects for the business remain strong. Global revenue from free games advanced 6 percent last year to $16.5 billion, accounting for almost a third of the entire digital games market, and may reach $18 billion in 2017, according to SuperData Research.
Besides E-sports, Wargaming is investing in European startups to develop its own live-streaming service and pushing into the U.S., where it bought Chicago-based Day 1 Studios for $20 million in 2013 to adapt World of Tanks to Xbox and PS4.
“We must become a conveyor belt for the production of quality games,” “We are the company that explores big markets. If there are a billion microwave ovens with joysticks and it is possible to play games on them, we will develop the software for them.” -V. K.