The technology sector is one of the most lucrative, if not the most, and with the digitalization of more and more aspects of our lives and the adoption of new technologies to do practically everything, it is normal for companies in the sector to move thousands of millions.
You just have to see that on the Forbes list of the richest people in the world, nine of the 10 richest are people related in one way or another to technology. Most of them are CEOs of their companies, like Elon Musk, Jeff Bezos or Mark Zuckerberg, but not all executive presidents make money with the success of their companies, and if you ask Sam Altman.
At 39 years old, Altman is CEO and founder of one of the most important companies of the moment, OpenAI, since they are the creators of ChatGPT, the most famous chatbot powered by Artificial Intelligence in the world. One could expect that by being in charge of one of the leading companies in the sector and that have had the most success in recent years, the compensation for their work would be remarkably high.
However, according to the tax return revealed by the United States Internal Revenue Service, to which Bloomberg has had exclusive access Altman received an annual salary of $76,001 in 2023. It is very striking that a person who leads OpenAI receives only this “minimum salary” while Salaries for other managers range from $203,000 to $413,000 annually.
At the same time that The average salary in the state of San Francisco (USA) where Altman resides is $126,730 annually. Already in his statements before Congress in May 2023, when questioned about his salary and the lack of actions on OpenAI, Altman assured that he did this because he loved it and that his compensation was designed to cover “the minimum necessary for health insurance.”
As we said, Altman also does not own OpenAI shares, and the reason for all this It is because this company was born without profit. However, and no matter how much Elon Musk denounces, in the coming months this is going to change due to the new cataloging of OpenAI, which It will become a listed company with a purely lucrative purpose.
With this change, The board will be able to receive packages of company shares and eliminate restrictions on benefitsand according to Reuters, Altman’s salary could increase astronomically, causing his assets (currently valued at $2 billion) to reach $10 billion.
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