CARY – During testimony from Epic Games CEO Tim Sweeney in the current court case Epic Games vs. Apple, it was revealed that Mark Rein, Sweeney’s co-founder, owns a 4% stake in the company that is currently valued at $28.7 billion based on the company’s valuation after its most recent fundraising round.
That means that on paper, Rein is worth at least $1.1 billion. Rein is currently the vice president of business development.
Sweeney owns a controlling share of Epic Games and according to the most recent calculations by Forbes, his net worth increased from $4.7 billion to $7.4 billion after the company raised $1 billion from investors in April.
Report: Epic Games CEO now North Carolina’s richest person, passing Jim Goodnight
Reporting from Zachery Eanes of the Herald Sun tracks the background of Mark Rein, who at one time was a part-owner of the Carolina Hurricanes.
Rein is listed as a potential witness in the Epic Games vs. Apple trial and could take the stand as a witness in the coming weeks.
SAS co-founder and CEO Jim Goodnight is worth $6.5 billion, according to the data gathered by Forbes. Other billionaires in North Carolina include SAS co-founder John Sall, worth $3.2 billion, David Murdock, the owner of Dole Foods and founder of the Murdock Research Institute in Kannapolis, who is worth $2.1 billion, and former NBA star Michael Jordan who has a residence in Charlotte and owns the Charlotte Hornets as well as a co-owner of a new NASCAR racing team, 23XI Racing, who is worth $1.6 billion.
