Did you miss a session from GamesBeat Summit 2022? All sessions are available to stream now. Watch now.


Richard Garriott made lots of money creating the hit Ultima series of fantasy role-playing games. He’s made some more from a flop — almost enough to cover the cost of a recent ride into space.

In 2007, following in the footsteps of his father, Garriott became an astronaut, spending $30 million to get a ride into space on a commercial Space Adventures rocket.

In the meantime, the online game that he spent six years making, Tabula Rasa, bombed in the market. His employer, NCSoft, fired him. Then it forced him to sell off his stock within 90 days, rather than allowing him to do so over 10 years. His contract required that he be allowed to sell stock over a longer period of time in case he were fired. Garriott asked for a $47 million award, but a jury awarded him $28 million after finding in his favor.

Event

MetaBeat 2022

MetaBeat will bring together metaverse thought leaders to give guidance on how metaverse technology will transform the way all industries communicate and do business on October 3-4 in San Francisco, CA.

Learn More

If the jury award holds up, Garriott may recoup almost all of the cost of his space trip.

Garriott has since started a new Facebook games company.

GamesBeat's creed when covering the game industry is "where passion meets business." What does this mean? We want to tell you how the news matters to you -- not just as a decision-maker at a game studio, but also as a fan of games. Whether you read our articles, listen to our podcasts, or watch our videos, GamesBeat will help you learn about the industry and enjoy engaging with it. Learn more about membership.

Author
Topics