OpenAI chief Sam Altman named a billionaire by Forbes, just a week after Taylor Swift

Sam Altman, who is both an AI industry leader and a cryptocurrency entrepreneur, holds the 2,692nd rank in Forbes’s list of billionaires

April 09, 2024 09:09 am | Updated 12:19 pm IST

Altman did not take any equity stake in OpenAI upon adding the for-profit OpenAI LP entity in 2019, reported the Semafor outlet [File]

Altman did not take any equity stake in OpenAI upon adding the for-profit OpenAI LP entity in 2019, reported the Semafor outlet [File] | Photo Credit: REUTERS

OpenAI CEO Sam Altman has been named a billionaire by Forbes, with a large part of his wealth coming from personal investments in companies such as Reddit and Stripe, as well as property in California and Hawaii.

Altman, 38, joined the list just a week after pop idol Taylor Swift and he currently holds the 2,692nd rank in the list of billionaires compiled by the finance magazine.

At the top of the list was LVMH Moët Hennessy Louis Vuitton founder Bernard Arnault, followed by Tesla chief Elon Musk, former Amazon head Jeff Bezos, and Meta head Mark Zuckerberg.

Altman is also investing in nuclear energy and has backed the energy company Helion, as well as the human health startup Retro Biosciences.

(For top technology news of the day, subscribe to our tech newsletter Today’s Cache)

Altman did not take any equity stake in OpenAI upon adding the for-profit OpenAI LP entity in 2019, reported the Semafor outlet.

Apart from working on ChatGPT, which launched in late 2022 to become a top consumer app in 2023 that sparked a generative AI race between Big Tech giants Microsoft and Google, Altman is linked to the Worldcoin cryptocurrency project.

The crypto token for the project hit an all time high price of $11.82 a month ago, and is up by 337.35% in the past year.

This venture aims to give everyone on the planet a digital ID and some cryptocurrency, in exchange for their biometric data. Worldcoin is currently being investigated in several countries over privacy concerns and fears that the company’s volunteer-based operators are coercing poverty-struck people to hand over vital data.

Since the release of ChatGPT, Altman has become a much sought after voice in the AI space, and met with leaders all over the world in order to discuss AI regulation and innovation.

He was fired for several days in November last year by his company and later offered a position at Microsoft, before being reinstated as OpenAI’s CEO.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.