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Baszucki owns a roughly 13% stake in the Roblox Corporation, the company that owns Roblox, a stake estimated to be worth around $470 million as of 2020. [15] He said he would donate any future compensation he earns from Roblox's listing on the New York Stock Exchange for philanthropic purposes. [16]
Roblox Corporation (/ ˈ r oʊ b l ɒ k s / ROH-bloks) is an American video game developer based in San Mateo, California. Founded in 2004 by David Baszucki and Erik Cassel, the company is the developer of Roblox , which was released in 2006.
Gamefam was founded in 2019 in Los Angeles, California, United States, by Joe Ferencz, the current CEO.Ferencz was originally involved with bringing Hot Wheels into the Forza series and Rocket League, and while doing so, he was observing Roblox's success as a free-to-play video game platform. [6]
The social media star admits “the smartest employees are not the ones that get paid the most.”
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Balfanz's father worked as a programmer, which Balfanz cites as one of the main reasons for his early interest in coding. [2] He attended high school at the Trinity Preparatory School . [ 3 ] Prior to releasing Jailbreak , Balfanz had made several other games on Roblox , which he stated had made him "maybe a couple thousand" dollars.
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By mid-2024, the game had become a viral phenomenon online even with non-Roblox players. As one of Roblox's most popular experiences, its rise to fame was partially due to popular video game livestreamers and a collaboration with Charli XCX's album Brat (2024), which included a substantial temporary update to the game.