The recent disclosure of U.S. federal tax documents has brought attention to the compensation of Sam Altman, CEO of the artificial intelligence startup OpenAI. The revealed figures paint a peculiar picture of a key figure in the tech industry whose wealth vastly exceeds his officially recorded salary.
Annual Compensation on the Rise
According to Odaily’s analysis of tax forms filed with the Internal Revenue Service, Sam Altman received a salary of $76,001 in 2023, an increase from $73,546 earned the previous year. Although the increase is modest, it still represents steady growth in base compensation. Altman has previously stated that his pay is calculated based on the minimum standards required for health insurance coverage, highlighting that the CEO considers salary compensation secondary to other interests.
Net Worth and the Stock Issue
What makes Altman’s profile even more intriguing is the gap between his official salary and an estimated net worth of at least $2 billion. The CEO has repeatedly publicly stated that he does not hold equity in OpenAI, fueling speculation about the true sources of his wealth. However, a recent Bloomberg report suggests that the company has considered granting him shares as part of a potential reorganization toward a for-profit structure, a move that could significantly alter his wealth situation.
Tax Transparency of Nonprofit Organizations
The financial data comes from a form that all U.S. nonprofit organizations are required to file annually with the Internal Revenue Service, ensuring a level of transparency in the management of public funds and executive compensation. This disclosure of Altman’s salary details highlights a fiscal responsibility practice characteristic of the nonprofit sector, despite the CEO’s personal wealth suggesting more complex dynamics regarding overall assets.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Sam Altman, the Hidden Wealth of the OpenAI CEO: Minimum Salary and Shares
The recent disclosure of U.S. federal tax documents has brought attention to the compensation of Sam Altman, CEO of the artificial intelligence startup OpenAI. The revealed figures paint a peculiar picture of a key figure in the tech industry whose wealth vastly exceeds his officially recorded salary.
Annual Compensation on the Rise
According to Odaily’s analysis of tax forms filed with the Internal Revenue Service, Sam Altman received a salary of $76,001 in 2023, an increase from $73,546 earned the previous year. Although the increase is modest, it still represents steady growth in base compensation. Altman has previously stated that his pay is calculated based on the minimum standards required for health insurance coverage, highlighting that the CEO considers salary compensation secondary to other interests.
Net Worth and the Stock Issue
What makes Altman’s profile even more intriguing is the gap between his official salary and an estimated net worth of at least $2 billion. The CEO has repeatedly publicly stated that he does not hold equity in OpenAI, fueling speculation about the true sources of his wealth. However, a recent Bloomberg report suggests that the company has considered granting him shares as part of a potential reorganization toward a for-profit structure, a move that could significantly alter his wealth situation.
Tax Transparency of Nonprofit Organizations
The financial data comes from a form that all U.S. nonprofit organizations are required to file annually with the Internal Revenue Service, ensuring a level of transparency in the management of public funds and executive compensation. This disclosure of Altman’s salary details highlights a fiscal responsibility practice characteristic of the nonprofit sector, despite the CEO’s personal wealth suggesting more complex dynamics regarding overall assets.