Sam Altman is a well-known American entrepreneur who is known as an angel investor to several billion-dollar Silicon Valley start-ups. He is the president of his company Y Combinator and co-chairman of the company OpenAI. He is himself a programmer and a blogger. Everyone who is interested in the Internet and ITES would like to know more about this millionaire entrepreneur. More than that, people are more interested in knowing how he made his millions and what his Net Worth is in 2018.
Sam Altman was born on 22 April 1985, in Chicago, Illinois. His full name is Samuel H. Altman. His family subscribes to the Jewish faith. He grew up in St. Louis, Missouri where his mother was a dermatologist. He has gifted a computer on his 9th birthday, which made him interested in IT and the Internet at a young age. He had his high school education at John Burroughs School.
Later he got admission in the prestigious Stanford University, where he worked in the AI Lab. Later in 2005, he dropped out of the university. Later in 2017, he was awarded an honorary degree from the University of Waterloo.
Sam Altman began his astonishing career, soon after he left Stanford. In 2005 when he was just 20 years old, Altman started his company Loopt which was a social networking app and based on the location of the user. Loopt did not fare too well. In 2012, Altman sold it to Green Dot Corporation for $43 million.
In 2011 Altman worked as a partner and president of Y-Combinator in 2011. Y-Combinator had earlier invested in Loopt way back in 2005 and has also promoted iconic companies like Airbnb, Dropbox, Stripes, and Zenefits
In 2015, Altman started two new verticals; one was YC Continuity, a $700 million equity fund for investing in new companies; and YC Research, a research company that researches related to computing and education.
In 2016, Altman became the president of YC Group, which owned Y Combinator and other companies. His company planned to fund 1,000 new companies every year.
He was also involved with Reddit. He also became the chairman of 2 nuclear energy companies, Helion and Oklo. In the field of Artificial Intelligence, he was the co-chairman of OpenAI along with the maverick Elon Musk. However, very recently in 2018, Elon Musk left OpenAI to avoid any conflict with his company Tesla.
Altman also taught at Stanford University in 2014, and currently at Y Combinator Startup School. Altman writes for his blog on startups, technology, and entrepreneurship. He has also written a book called Startup Playbook.
Awards & Achievement
In 2008 Altman was named as one of the “Best Young Entrepreneurs in Technology” by BusinessWeek. In 2015, he was listed as Top Investor Under-30 by Forbes.
He has also featured as one of the five most interesting startup founders between 1979 and 2009.
Net Worth of Sam Altman
Sam Altman has invested his personal wealth in a number of companies like Pinterest, Teespring, FarmLogs, Shoptiques, Instacart, Optimizely, Clever, Change.org, and many more companies.
Moreover, his company Y Combinator is a successful venture capital company and has invested in more than 1,600 early-stage companies, out of which Dropbox and Airbnb have been valued at more than $10 billion, and 7 companies have been valued at more than $1 billion. The combined market valuation of Y Combinator’s companies exceeds $80 billion.
Considering that he has his fingers in every pie, many speculate that he is an internet billionaire and his net worth is not less than a billion dollars. However, even at a conservative estimate, his total Net Worth in 2018 can be anything in excess of $200 million.
Sam Altman is 33 years old and is one of the richest entrepreneur and angel investor in the world. He has helped many IT companies grow and become billion-dollar companies. He lives in San Francisco, California. A university dropout, he is an inspiration to the entrepreneurs around the world. He is also one of Silicon Valley’s greatest thought leaders.