Who is getting rich off of Fortnite

Fortnite hosted a huge extravaganza last weekend and gave away $30 million in prizes at its first World Cup. In 2019, Fortnite has handed out more than $70 million in cash prizes. But tournament winners aren’t the only ones getting rich.

The popular video game has attracted the attention of many professional esports organizations. They recruit talented players. They train them, promote them on social media, coordinate their logistics, and pay them — often in six figures.
The organizations make money from brands advertising on Amazon’s Twitch streaming network and soliciting sponsorships. They also make part of their money by often taking a cut of players’ winnings.
This weekend, 16-year-old Kyle Giersdorf won $3 million as the solo Fortnite World Cup champion. But he won’t get to keep it all. He may have to pay up to 20% to his organization, the Los Angeles-based Sentinels.

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