ChatGPT founder Sam Altman is the owner of billions of dollars of wealth, but open AI is not the reason

Sam Altman Net Worth: Surprisingly, Sam Altman is considered to be the face of the world's most famous Artificial Intelligence startup, but this AI startup does not contribute to his wealth.

Sun, 03 Mar 2024 12:51 PM (IST)
 0
ChatGPT founder Sam Altman is the owner of billions of dollars of wealth, but open AI is not the reason

The net worth of OpenAI co-founder and CEO Sam Altman has crossed $2 billion. Although the surprising thing is that Sam Altman is considered the face of the world's most talked about Artificial Intelligence startup, but this AI startup does not contribute to his wealth.

According to media reports, Sam Altman has no stake in AI startup OpenAI and the majority of Sam Altman's wealth is invested in venture capital funds and various startups. Sam Altman has also invested in Reddit and shares of Reddit are going to be issued soon, so it is believed that Sam Altman's wealth will increase further in the coming months. The total value of OpenAI is estimated at $86 billion, but despite being its CEO, Sam Altman does not have any stake in it and Microsoft has the largest stake in OpenAI at 49 percent.

Venture capital funds account for $1.2 billion of Sam Altman's total net worth. With $430 million, Altman has put money into the Apollo project. In addition, Altman owns 8.7% of Reddit. Helion Energy Inc., a company engaged in nuclear fusion, has received $500 million from Altman. Retro Bioscience has also received investments totalling $180 million.

Sam Altman, the CEO of OpenAI, and several other members of the company have been sued by Elon Musk, the owner of social media platform X and Tesla. This case was brought about in response to a supposedly broken agreement. However, neither Musk nor Sam Altman have commented on this issue as of yet. It is alleged that in 2015, OpenAI founders Greg Brockman and Sam Altman approached Elon Musk to form a non-profit company. This company was created to develop technology based on AI technology for the benefit of humans. However, this agreement broke down due to OpenAI's focus on making profits, due to which Musk has filed a lawsuit against Altman and OpenAI.

Muskan Kumawat Journalist & Writer