Ted Price was born on 5 July 1968 in Richmond, Virginia USA, and is best known as a president and CEO of Insomniac Games. In addition, he is an independent game developer, having provided several single player and multi-player hit games.
So just how rich is Ted Price as of late 2017? Authoritative sources estimate that Price’s net worth is as high as $300 million, accumulated from his over two decades long career in the previously mentioned industry. In addition, Ted is also an author.
Ted Price Net Worth $300 million
Even as a child, Ted was eager to work in the game development industry, being influenced by the Atari games. He attended St. Christopher’s School in Richmond, Virginia and enrolled into Princeton University afterwards. Prior to his career as a game developer, Price worked as a controller for a medical company, however, having realized that he wanted to pursue a different career, he left the job, and in 1994 teamed-up with his college friend Alex Hastings, in the same year establishing Insomniac; the original name of the company was Xtreme Software, but Price renamed it, and was responsible for directing and organizing company’s business strategy and future projects. The first Insomniac game was released in 1996 and entitled ‘’Disruptor’’, made for Playstation. It was a single player game and received a positive response averaging 82% at IGN. Despite the good rating, the game didn’t do well when it came to commercial promotions and selling, which almost bankrupted the company. In 1998, the latest Insomniac project was ‘’Spyro the Dragon’’, which had two sequels and was published by Sony Computer Entertainment. ‘’Spyro the Dragon’’ received positive reviews from the critics and holds a score of 85% on GameRankings – the game had notably good graphics for the time it was released.
In November 2002, Price’s company released ‘’Ratchet & Clank’’ for the Playstation 2, and created several sequels of the game including ‘’Going Commando’’ and ‘’Up Your Arsenal’’, in 2003 and 2004 respectively. In addition to that, the game was re-released in several editions, with the latest one being published in April 2016. As of 2006, Insomniac worked on ‘’Resistance: Fall of Man’’; the game was created for both single- and multi-player and its sequel, ‘’Resistance 2’’ was well received by the critics and is one of the most successful Insomniac games up to this date, being rated a five out of five stars. Its sequel ‘’Resistance 3’’ was released in September 2010.
In 2012, Ted’s company created ‘’Outernauts’’, a social role-playing video game was made for Facebook. However, the game was shut down due to the lack of players. In 2014, the ‘’Sunset Overdrive’’, an open world third-person shooter video game was created, which holds a score of 83% on Game Rankings. As of the most recent past, the company has been working on ‘’Spider-Man’’ game for the Playstation 4, scheduled for release in 2018. Insomniac was named one of the ‘’ 50 Best Small & Medium Sized Companies to Work for in America’’ taking a position in the top 25.
Price’s firm also won ‘’Best Workplace’’ awards. Overall, Insomniac Games sold over 44 million game units.
In 2016, Ted wrote the book entitled ‘’Beat College Admissions’’, dedicated to providing future students with necessary information on how to successfully enroll into the desired college.
In his private life, Price is married to Christine, and the couple has four children. He is widely recognized for his charity work, and support for several humanitarian organizations such as Starlight Children’s Foundation and Boys and Girls Club of Burbank.
