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I tried to find estimates of Sam's net worth and found estimates from 250-700 million usd. However, it seems that most of his net worth is bound up in equity in

I tried to find estimates of Sam's net worth and found estimates from 250-700 million usd. However, it seems that most of his net worth is bound up in equity in private companies and startups[1]. 1 million usd could be a very substantial part of his liquid net worth. [1] https://www.thestreet.com/investors/sam-altman-net-worth-how-does-he-make-money https://www.thestreet.com/investors/sam-altman-net-worth-how...

e1g 3y ago
For anyone who’s been in the high level SF tech scene for >15 years, $1M is not a substantial part of their liquid net worth. Certainly not for anyone who was in PGs inner circle 15 years ago.
- darkerside 3y ago
  A lot is relative. It's not a lot to be sitting in a bank or index fund. That's different from having it tied up in a risky private investment. Also, depending how early he was, he could own significantly more than 5%.
baking 3y ago
Sam Altman claimed to have written a $375 million check from his own money to invest in Helion Energy. Maybe when all the lawsuits happen we will know more about his investments.
- 93po 3y ago
  Like a literal check, or a proverbial check where his illiquid assets serve as collateral to a bank who writes the check?
  - baking 3y ago
    I'm not finding the quote, but he has claimed it in front of an audience. I should point out that he is Executive Chair of Helion so I assume he still has some control over how the money is spent. One of those bets is on the fusion power startup Helion Energy, into which he’s poured more than $375 million, he told CNBC in 2021. The other is Retro, to which Altman cut checks totaling $180 million the same year. “It’s a lot. I basically just took all my liquid net worth and put it into these two companies,” Altman says. https://www.technologyreview.com/2023/03/08/1069523/sam-altman-investment-180-million-retro-biosciences-longevity-death/ https://www.technologyreview.com/2023/03/08/1069523/sam-altm...

e1g 3y ago

For anyone who’s been in the high level SF tech scene for >15 years, $1M is not a substantial part of their liquid net worth. Certainly not for anyone who was in PGs inner circle 15 years ago.

darkerside 3y ago
A lot is relative. It's not a lot to be sitting in a bank or index fund. That's different from having it tied up in a risky private investment. Also, depending how early he was, he could own significantly more than 5%.

baking 3y ago

Sam Altman claimed to have written a $375 million check from his own money to invest in Helion Energy. Maybe when all the lawsuits happen we will know more about his investments.

93po 3y ago
Like a literal check, or a proverbial check where his illiquid assets serve as collateral to a bank who writes the check?
- baking 3y ago
  I'm not finding the quote, but he has claimed it in front of an audience. I should point out that he is Executive Chair of Helion so I assume he still has some control over how the money is spent. One of those bets is on the fusion power startup Helion Energy, into which he’s poured more than $375 million, he told CNBC in 2021. The other is Retro, to which Altman cut checks totaling $180 million the same year. “It’s a lot. I basically just took all my liquid net worth and put it into these two companies,” Altman says. https://www.technologyreview.com/2023/03/08/1069523/sam-altman-investment-180-million-retro-biosciences-longevity-death/ https://www.technologyreview.com/2023/03/08/1069523/sam-altm...