OpenAI is among the most useful startups on the earth, valued at roughly $157 billion.
Its CEO, nonetheless, was paid a comparatively modest 5 figures at OpenAI in 2023, filings present.
Altman’s web value is estimated to be no less than $2 billion.
CEO of OpenAI Sam Altmann she was paid $76,001 in compensation in 2023 to guide what’s now one of the vital priceless startups on the earth, the corporate’s tax filings for the 12 months confirmed.
That represents a pay enhance of about 3.4% from 2022, when Altman acquired $73,546, data present.
For context, the median family revenue in San Francisco County, the place Altman owns a $27 million mansionis $126,730, in line with the U.S. Census Bureau. According to the Social Security Administration, the nationwide common wage index in 2023 was roughly $66,621.
Altman has beforehand shared that he receives modest compensation for his work at OpenAI. During a listening to earlier than a Senate Judiciary subcommittee in May 2023, Altman mentioned he was “paid sufficient for medical health insurance” and acquired no fairness in OpenAI.
The pay he acquired final 12 months or in 2022, nonetheless removed from displays the total extent of Altman’s wealth. Bloomberg estimated in March 2024 that the CEO is value no less than $2 billion, not together with any stake he might have in OpenAI. According to Bloomberg, the estimated determine takes into consideration investments value $1.2 billion in varied enterprise capital funds, amongst different investments.
A spokesperson for OpenAI had no remark past sending Business Insider the nonprofit’s tax return from final 12 months.
The tax returns point out this Ilya Sutskeverthe OpenAI co-founder, and Chris Clark, who’s listed as the corporate’s secretary/treasurer, had been the group’s highest-paid officers, receiving $347,354 and $322,201, respectively.
Sutskever and Clark left OpenAI in May, a number of months later Altman’s chaotic but brief ouster in November 2023.
The doc, first reported by Bloomberg, additionally doesn’t present a whole, up-to-date view of the corporate’s monetary outlook.
Earlier this 12 months, the corporate raised a historic $6.6 billion in capital, pushing OpenAI’s valuation to $157 billion.
Against the backdrop of the financing spherical, led by Making capital prosperthere was dialogue as as to if Altman might probably obtain a Shareholding 7%. in OpenAI the corporate ought to proceed with extra conventional plans for-profit structure.
Bloomberg reported in September that the stakes might rise Altman’s wealth of over 10 billion {dollars}.
Altman denied throughout a gathering with staff that there have been plans for him to obtain a “large share of euqity,” CNBC reported.
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