OpenAI, one of the world's most valuable startups with a valuation of $157 billion, raised $6.6 billion in capital earlier this year. There were discussions about Altman potentially receiving a 7% equity stake in OpenAI if the company transitions to a more traditional for-profit structure, which could increase his wealth by over $10 billion. However, Altman has denied plans to receive a large equity stake in the company.
Key takeaways:
- OpenAI CEO Sam Altman was paid $76,001 in 2023, a 3.4% increase from his 2022 compensation of $73,546, despite leading one of the world's most valuable startups.
- Altman's net worth is estimated to be at least $2 billion, not including any stake he may have in OpenAI.
- OpenAI cofounder Ilya Sutskever and company's secretary/treasurer Chris Clark were the highest paid officers at the organization in 2023, receiving $347,354 and $322,201, respectively.
- OpenAI raised a historic $6.6 billion in capital earlier this year, pushing its valuation to $157 billion. There were discussions about Altman potentially receiving a 7% equity stake in OpenAI if the company transitions to a more traditional for-profit structure.