Sam Altman is a billionaire—though perhaps not for the reason you think.
He is, in fact, the CEO of OpenAI, which is among the companies leading the $500 billion Stargate initiative focused on expanding artificial intelligence infrastructure in the U.S. But he doesn’t own direct equity in that company, with most of his wealth instead coming from other investments.
Altman has an estimated net worth of $1.2 billion, according to Forbes. Here’s how Altman made his money.
Altman is one of Reddit‘s largest shareholders, and he served on the company’s board until 2022. Altman had an 8.7% stake in Reddit, according to an SEC filing in February 2024 before Reddit’s initial public offering (IPO) that March. Reddit had a market capitalization of $35.9 billion as of late January.
Altman’s other investments include Airbnb, Uber, Instacart, Asana, and DoorDash, according to The Motley Fool.
He is also invested in the fintechcompany Stripe and nuclear fusion company Helion, …