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OpenAI's Sam Altman Has An Estimated $2 Billion Net Worth — And Much Of It Doesn't Come From AI

Published 02/03/2024, 18:48
Updated 02/03/2024, 20:10
© Reuters.  OpenAI's Sam Altman Has An Estimated $2 Billion Net Worth — And Much Of It Doesn't Come From AI

Benzinga - by Bibhu Pattnaik, Benzinga Staff Writer.

While Sam Altman, the CEO of OpenAI, has become a prominent figure in the artificial intelligence sector, much of his estimated wealth isn't rooted in the AI company he helms.

Despite OpenAI's recent $86 billion valuation, Altman's fortune, estimated to be at least $2 billion by the Bloomberg Billionaires Index, does not include any stake in OpenAI, as he has stated he does not own equity in the company.

Altman's wealth primarily stems from his investments in venture capital funds and startups, including a significant share in Reddit, which is on the brink of an IPO, potentially valuing the company at up to $6.5 billion, reported Bloomberg.

Altman's investment portfolio is diverse, with $1.2 billion in Hydrazine Capital and $434 million in Apollo Projects, focusing on ambitious "moonshots."

“It’s a lot. I basically just took all my liquid net worth and put it into these two companies,” Altman told the MIT Technology Review last year.

Also Read: Sam Altman Reveals His Go-To App — And, Surprisingly, It's Not ChatGPT

The billionaire's significant stake in Reddit, alongside investments in companies like Helion Energy Inc. and Retro Biosciences, highlights his deep financial involvement in the tech ecosystem. His early days at startup incubator Y Combinator (YC), where he served as president and backed numerous successful startups, laid the foundation for his influential career in technology.

Despite his departure from YC to lead OpenAI, Altman has maintained that he does not benefit financially from the company, emphasizing his commitment to AI's broader impact over personal gain.

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Now Read: Elon Musk Cut Off OpenAI's Access To Twitter's Data, Report Reveals. Here's Why.

This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Photo: Shutterstock

© 2024 Benzinga does not provide investment advice. All rights reserved.

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