According to Forbes, Sam Altman, the CEO of OpenAI, has entered the elusive realm of billionaires. His inclusion on the prestigious list places him at the 2,692nd position.

Why Sam Altman is Now Officially a Billionaire

Forbes attributes Altman's newfound billionaire status primarily to his astute investments in various startups, notably Reddit and Stripe. 

These investments have proven lucrative, particularly with Reddit's recent IPO on the New York Stock Exchange and Stripe's current valuation of $65 billion.

Apart from his involvement in these established ventures, Altman has ventured into newer domains, including backing nuclear energy company Helion and longevity startup Retro Biosciences. 

His diverse investment portfolio and his stake in prime real estate properties spanning California and Hawaii have propelled him into the billionaire club.

Altman has clarified that his wealth does not stem from equity ownership in OpenAI, the entity he spearheads. Despite being closely associated with the company, which is valued at approximately $80 billion, Altman's financial gains primarily originate from his strategic investments rather than direct ties to OpenAI.

In recent news, Altman and renowned designer are currently engaged in advanced talks with various venture capital firms to make a $1 billion in funding for an "iPhone of AI".

The duo was reported to have conducted their brainstorming sessions at Ive's San Francisco studio, exploring the potential of a new consumer product powered by OpenAI's technology.

Read Also: iPhone of AI: Jony Ive, Sam Altman Pursue $1 Billion Investment for Revolutionary AI Device

Musk and Zuckerberg Fight for the Third Spot in the Billionaires Index

In other billionaire news, Mark Zuckerberg has ascended to the third position on the Bloomberg Billionaires Index, surpassing Elon Musk on Monday. 

Zuckerberg's rise to the third spot comes on the heels of a surge in Meta's share prices, catapulting his net worth to $187 billion. This marks his return to the top three since 2020, with his wealth steadily increasing as Meta's valuation continues to soar.

However, as of this writing, Musk has reclaimed the third spot with a total net worth of $186 billion, in contrast to Zuckerberg, who has $184 billion.

These two tech CEOs lag behind Amazon founder Jeff Bezos, and at the helm of the wealth index sits Bernard Arnault, the Chief Executive Officer of LVMH, who boasts a staggering net worth of $226 billion.

Last week, Forbes has also announced pop star royalty Taylor Swift as an official billionaire due to her record album sales and her highly popular "The Eras Tour".

Related Article: Microsoft and Mistral AI's Multi-Million Euro Partnership to Reshape AI Landscape, New Challenger to OpenAI's Dominance