{"id":24658,"date":"2026-05-05T04:45:18","date_gmt":"2026-05-05T04:45:18","guid":{"rendered":"https:\/\/www.europesays.com\/news\/24658\/"},"modified":"2026-05-05T04:45:18","modified_gmt":"2026-05-05T04:45:18","slug":"greg-brockmans-openai-stake-is-worth-30b-he-says-at-trial","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/news\/24658\/","title":{"rendered":"Greg Brockman’s OpenAI Stake Is Worth $30B, He Says at Trial"},"content":{"rendered":"

Greg Brockman<\/a> on Monday confirmed that OpenAI is exploring an IPO, as well as his own stake in the ChatGPT maker.<\/p>\n

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Testifying in an Oakland federal courtroom, Brockman said his stake in OpenAI is worth nearly $30 billion \u2014\u00a0a value that places him among the 100 wealthiest people in the world. The Forbes billionaire ranking<\/a> ranks people with that level of wealth in the 80s or 90s.<\/p>\n

Brockman also confirmed that OpenAI, whose latest fundraising round valued the artificial intelligence company at $850 million, is exploring an initial public offering.<\/p>\n

Brockman is not currently listed on the Forbes ranking. Disclosures about his wealth emerged during trial testimony over claims brought by Elon Musk<\/a>, who holds the No. 1 spot on the Forbes list, with a $839 billion net worth.<\/p>\n

Brockman also testified to a $471 million investment in payments company Stripe, where he used to work, and a stake in Corweave, a cloud computing provider that has a deal with OpenAI.<\/p>\n

Musk has accused Brockman<\/a> and OpenAI CEO Sam Altman of trying to “steal a charity.” According to Musk, Altman and Brockman transformed OpenAI from a nonprofit into a for-profit enterprise to enrich themselves, taking advantage of Musk’s early donations<\/a> to the venture.<\/p>\n

While on the witness stand, Brockman also revealed a financial interest in Altman’s family office, which Musk’s attorneys used to suggest he was financially motivated to side with Altman over Musk.<\/p>\n

According to a 2017 email from Musk’s associate Jared Birchall,<\/a> shown to jurors, Altman gave Brockman the stake as compensation for his work at OpenAI. It was worth $10 million at the time, Birchall wrote.<\/p>\n

“Naturally, Greg is going to have greater allegiance toward Sam as a result of this arrangement,” Birchall wrote in the email disclosing the stake to Musk.<\/p>\n

Brockman said it wasn’t odd that Musk wasn’t directly included in the conversation about his compensation.<\/p>\n

“Elon’s time was relatively hard to get, so there were a lot of decisions we made that we never fully broadcasted to him,” he said.<\/p>\n

Court filings from Musk’s lawyers have made much of diary entries where Brockman appears to write about circumventing the Tesla CEO to make money.<\/p>\n

“Financially what will take me to $1B?” Brockman wrote in one 2017 diary entry.<\/p>\n

In another entry, Brockman appeared to acknowledge that converting OpenAI’s corporate structure without Musk would be “morally bankrupt.”<\/p>\n

Brockman on Monday testified that his writings were taken out of context.<\/p>\n

“That was an expression of frustration, not a plan,” said Brockman when asked about his journal entry that said OpenAI should be “flipped” and generate profit.<\/p>\n

Musk’s lawyer, Steven Molo, kept up the theme while examining Brockman on the witness stand in an Oakland, California, federal courtroom.<\/p>\n

He asked Brockman why he didn’t donate $29 billlion to OpenAI’s nonprofit after getting to his goal of $1 billion.<\/p>\n

He also asked Brockman about an email soliciting donations from then-Yahoo CEO Marissa Meyer. In the email, Brockman appeared to say he would personally donate $100,000 to OpenAI’s nonprofit organization.<\/p>\n

Brockman, who testified that he spoke of his $100,000 committment to other potential donors, never actually made the donation, he said.<\/p>\n

“Did you think it was morally bankrupt to say that you were personally donating 100,000, and then not do that?” Molo asked him.<\/p>\n","protected":false},"excerpt":{"rendered":"Greg Brockman on Monday confirmed that OpenAI is exploring an IPO, as well as his own stake in…\n","protected":false},"author":2,"featured_media":24659,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[12967,12977,6900,15084,15083,7068,13038,8,10302,12964,9,11525,122,13774,7,10886,15086,15085],"class_list":{"0":"post-24658","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-top-stories","8":"tag-altman","9":"tag-birchall","10":"tag-compensation","11":"tag-diary-entry","12":"tag-early-donation","13":"tag-email","14":"tag-greg-brockman","15":"tag-headlines","16":"tag-lawyer","17":"tag-musk","18":"tag-news","19":"tag-nonprofit","20":"tag-openai","21":"tag-stake","22":"tag-top-stories","23":"tag-wealth","24":"tag-wealthy-people","25":"tag-witness-stand"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@news\/116520152115065257","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/posts\/24658","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/comments?post=24658"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/posts\/24658\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/media\/24659"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/media?parent=24658"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/categories?post=24658"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/tags?post=24658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}