Esports organizations have evolved from scrappy fan-run teams into venture-backed businesses worth hundreds of millions of dollars, complete with merchandise lines, content studios, and celebrity investors. Here’s how the most valuable orgs stack up, based on Forbes’ most comprehensive valuation study.

Most Valuable Esports Organizations: Overview

Rank	Organization	Valuation
1	TSM	$540 million
2	100 Thieves	$460 million
3	Team Liquid	$440 million
4	FaZe Clan	$400 million
5	Cloud9	$380 million
6	G2 Esports	$340 million
7	Fnatic	$260 million
8	Gen.G	$250 million
9	NRG	$240 million
10	T1	$220 million

Valuations Move Fast in Esports

These figures come from Forbes’ most detailed esports valuation study, when the top 10 orgs were collectively worth $3.5 billion. The landscape has shifted since, most notably TSM’s well-documented financial struggles that followed a $210 million FTX sponsorship deal gone bad. Meanwhile, Indian org S8UL has been rapidly scaling with major brand partnerships, reflecting how quickly the balance of power in esports can shift, especially as regional markets like India grow.

FAQs

Q1. What is the most valuable esports organization?
TSM topped Forbes’ most detailed ranking at $540 million, though rankings shift quickly given the industry’s volatility.

Q2. Has TSM’s valuation changed since?
Yes, TSM faced significant financial setbacks after its FTX sponsorship deal collapsed in 2022, affecting its standing.

Q3. How is esports org valuation calculated?
Forbes and similar outlets weigh factors like sponsorship deals, merchandise revenue, media rights, and tournament winnings.

Q4. Are Indian esports organizations approaching this valuation tier?
Not yet at the same scale, but orgs like S8UL have grown rapidly through brand partnerships and international tournament qualifications.

Source: Dexerto / Forbes