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Sam Altman, the CEO of OpenAI, has recently seen his net worth surpass the $2 billion mark, but surprisingly, his artificial intelligence company has little to do with his wealth accumulation.
According to Bloomberg Billionaire Index, Altman’s fortune is primarily derived from a complex network of venture capital (VC) funds and startup investments rather than his involvement with OpenAI, which boasts a recent valuation of $86 billion. Altman’s substantial stake in Reddit, among the largest shareholders, is anticipated to significantly bolster his wealth in the near future, as Reddit gears up for its initial public offering (IPO).
Despite being a key founder of OpenAI, Altman has repeatedly clarified that he holds no stake in the AI startup. The majority shareholder of OpenAI is Microsoft, led by Satya Nadella, holding a 49 percent equity stake.
Breaking down Altman’s net worth, a substantial portion remains opaque, but his most notable investment lies in a series of VC funds under the Hydrazine Capital umbrella, totaling an estimated $1.2 billion. Additionally, Altman has injected around $434 million into funds at Apollo Projects, known for backing ambitious “moonshot” endeavors.
In addition to these ventures, Altman’s affiliated entities own an 8.7 percent stake in Reddit, further solidifying his position in the tech investment landscape. Altman has also made significant investments in lesser-known startups, such as Helion Energy Inc., a nuclear fusion company, and Retro Biosciences, focused on extending human lifespan by a decade, with investments totaling $500 million and $180 million, respectively.
Sources By Agencies
