Sam Altman denies OpenAI equity stake rumored to be $10 billion windfall

Sam Altman’s wealth could soar to $10 billion if he receives an OpenAI equity stake.

Transcript

00:00Sam Altman's decision to drop out of college ended up leading him on a path to success,

00:04including a potential $10 billion stake in OpenAI. Altman dropped out of Stanford in 2005

00:11to launch his first startup, Loopt, a location services app. Loopt sold in 2012 for $43.4

00:17million, which put Altman on the map in Silicon Valley. Now he's the CEO and co-founder of OpenAI,

00:24the artificial intelligence company behind ChatGPT. Altman is worth $2 billion, according

00:29to Bloomberg. But now his wealth could skyrocket if OpenAI drops its non-profit status. If that

00:35happens, OpenAI's valuation could hit $150 billion, and Bloomberg's reported that Altman's

00:417% stake could help his fortune surpass more than $10 billion. But Altman said in an all-hands

00:47meeting on Thursday that there are no plans for him to receive a giant equity stake, reportedly

00:53calling the information just not true. On whether he'd get an equity stake, Altman said there are

00:58no current plans.