The Ownership Of Cloud Imperium Games, 2025 Edition

September is here, which means the yearly disclosure of who owns shares in Cloud Imperium Games. Every September Cloud Imperium UK Ltd, the main company in Cloud Imperium, files a confirmation statement with UK Companies House disclosing the current ownership of CIG. Last year the confirmation statement allowed the public to know the disposition of CIG co-founder Ortwin Freyermuth's shares in the company. Today's filing confirms that the $5 million purchase of shares made on 15 January this year was to Keith Calder, CIG's second largest shareholder.

List of CIG shareholders, 2025

January's stock allotment and purchase increased Keith Calder's holdings in CIG to 22.4%. When combined with father Clive Calder's shares, the Calders control 23% of CIG. While CIG founder and CEO Chris Roberts saw his ownership share drop below 70% the veteran game maker and former film producer still holds solid control of Cloud Imperium.

Since I get asked a few times a year for the list, here is a breakdown of CIG's ownership as of 10 September 2025.

Chris Roberts (69.7% ownership, 8,354,020 shares) - The co-founder of Cloud Imperium, Roberts is known as the creator of the Wing Commander series of video games. After short run in Hollywood as a film producer, Roberts returned to video games in 2011-2012.

Indus Management LTD (22.4% ownership, 2,435,116 shares) - The company is owned (or at least controlled) by Keith Calder, a film producer since 2004. Calder is perhaps best known for the movies One Night in Miami, Blair Witch, and Blindspotting. Over the past two years Calder's ownership share of CIG has increased from 13.3% to 22.4%.

Erin Roberts (4.6% ownership, 551,292 shares) - The brother of Chris Roberts, Erin has worked with Chris on projects going back 30 years. He currently is listed as CIG's Chief Development Officer.

Infatrade Group Corporation (2.3% ownership, 277,500 shares) - Infatrade is owned by Eli Klein, whom records show owns at least 75% of the company run by his brother Alon. Klein was involved as an advisor to CIG during the initial investment by the Calders and has had an involvement in company ever since.

Erloch, LTD (0.6% ownership, 70,034 shares) - Not much is known of Erloch, LTD, but information from the time of the Calders' initial investment in CIG leads to the conclusion the Erloch is the name of Clive Calder's family office in the Caymen Islands. According to Forbes, Clive Calder is worth $6.9 billion in 2025, although the records on UK Companies House show the "Calders' investment" in CIG was primarily from Clive's son Keith.

Marc Deaudet (0.2% ownership, 28,979 shares) - Marc Deaudet was a co-founder of Turbulent and mostly obtained his ownership stake in CIG's 2-stage acquisition of the company. Deaudet is currently listed as the Senior Vice President of Studio Operations.

Benoit Beausejour (0.2% ownership, 28,979 shares) - Benoit Beausejour was a co-founder of Turbulent and mostly obtained his ownership stake in CIG's 2-stage acquisition of the company. Beausejour is currently listed as the Chief Technology Officer of CIG.