Would you like to receive notifications on latest updates of the following headlines?

OpenAI CEO Sam Altman to Donate His Wealth Through Giving Pledge

POSTED ON May 29, 2024 •   Uncategorized      BY Samuel O . Adeniyi
OpenAI CEO Sam Altman in a May 2024 photo | Photo Credit: Jason Redmond/AFP/Getty Images

OpenAI CEO Sam Altman and his husband, Oliver Mulherin, have become the newest billionaires to sign the Giving Pledge, a commitment encouraging the ultra-rich to donate their wealth to philanthropic causes.

In their letter released Tuesday, Altman and Mulherin credited "the hard work, brilliance, generosity, and dedication to improving the world of many people that built the scaffolding of society that let us get here."

"There is nothing we can do except feel immense gratitude and commit to pay it forward, and do what we can to build the scaffolding up a little higher," the pair added.

Bloomberg reports that Altman is worth at least $2 billion, with much of his wealth derived from startup investments, including a significant investment in Reddit.

Notably, he does not hold a stake in OpenAI, the leading artificial intelligence company.

The Giving Pledge was initiated in 2010 by billionaires Warren Buffett and Bill and Melinda French Gates to encourage the world’s wealthiest individuals to commit to donating at least half of their fortunes to charity either during their lifetimes or in their wills.

While the pledge is not a legally binding contract, it represents a moral commitment intended to "inspire conversations, discussions, and action, not just about how much [to give] but also for what purposes and to what end," according to its website.

Currently, more than 245 couples and individuals from 30 countries have signed the pledge.

Earlier Tuesday, Melinda French Gates, one of the world’s most prominent philanthropists, announced a $1 billion donation through 2026 to advance women's rights globally via her organization, Pivotal Ventures.

She recently resigned from the Bill & Melinda Gates Foundation following her divorce from Bill Gates and received $12.5 billion from the foundation as part of the divorce settlement.

READ ALSO
Eno enhances healthcare with N200m contribution to UUTH
BY Abiodun Saheed Omodara February 16, 2025 0

In an effort to enhance healthcare services, the Governor of Akwa Ibom State, Pastor Umo Eno, has co...

READ ALSO
Ododo Reorganizes the Tourism Board, Kogi Hotels
BY Ebiakuboere England December 3, 2024 0

KOGI- Kogi State Governor Alhaji Ahmed Ododo has appointed former Kogi Hotels and Tourism Board Chai...

READ ALSO
Rivers Varsity Suspends Four Students For Assault
BY Benedicta Bassey June 16, 2024 0

The Rivers State University, Nkpolu-Oroworukwo, Port Harcourt has suspended four of its students con...

READ ALSO
French Embassy Unveils Waste Management Project Worth €753,000 in Varsities
BY Benedicta Bassey June 14, 2024 0

The French Embassy, via the Cooperation and Cultural Department, has launched a plastic waste manage...

READ ALSO
ATBU Enhances Research Capacity For Lecturers
BY Benedicta Bassey June 14, 2024 0

The management of the Abubakar Tafawa Balewa University, Bauchi, has enhanced research capabilities...

READ ALSO
Russia Dismisses Claim of Recruiting Nigerian Students For Ukranian War
BY Benedicta Bassey June 13, 2024 0

The Russian Embassy in Nigeria has debunked the claims of recruiting African students, particularly...

READ ALSO
Soludo Warns Tinubu Against Accepting Unsustainable Minimum Wage
BY Benedicta Bassey June 13, 2024 0

Anambra State Governor Charles Soludo on Thursday warned President Bola Tinubu against approving &ld...

READ ALSO
Obi Cubana Lauds Burna Boy For Settling Patients' Hospital Bills
BY Ebiakuboere England June 12, 2024 0

Award-winning Nigerian music star Damini Ogulu, also known as Burna Boy, has been praised by million...

OUR CHANNELS:

PDP Leaders Slam Minister for Backing Tinubu's 2027 Campaign
BY Abiodun Saheed Omodara June 3, 2025 0

The People’s Democratic Party (PDP), New Nigeria Peoples Party (NNPP), Coalition of United Pol...


Gunmen Shot Dead Real Estate Investor, Abduct Wife
BY Abiodun Saheed Omodara June 2, 2025 0

OWERRI, Nigeria - A real estate investor lost his life after being attacked and fatally shot by a gr...


JUST IN: Former Super Eagles Star Emmanuel Udoh Passes Away
BY Abiodun Saheed Omodara June 2, 2025 0

The team manager of Akwa United and a former defender for the Super Eagles, Emmanuel Udoh, has been...


Nigeria Police Rescue 12 Child Trafficking Victims from Illegal Home
BY Abiodun Saheed Omodara June 3, 2025 0

ABIA, Nigeria - A total of 12 child trafficking victims, including a six-month-old infant, were resc...


Police Stop Mob, Arrest Stepfather for Sexual Assault
BY Abiodun Saheed Omodara June 3, 2025 0

Operatives from the Bauchi State Police Command have successfully prevented a mob from exacting just...


FG Declares Friday, Monday public holiday for Eid-el-Kabir
BY Abiodun Saheed Omodara June 2, 2025 0

The Federal Government has declared Friday, June 6, and Monday, June 9, 2025, as public holidays to...


NECO Set to Launch Computer-Based Tests Examination
BY Abiodun Saheed Omodara June 2, 2025 0

The Registrar and Chief Executive of the National Examination Council (NECO), Prof. Dantani Ibrahim...


Natasha Akpoti-Uduaghan Set to Appear in Court as F G Files Defamation Charges
BY Abiodun Saheed Omodara June 2, 2025 0

The suspended senator for Kogi Central Senatorial District, Natasha Akpoti-Uduaghan, is scheduled to...


Lagos Govt. Threaten Closure of Market, Over Non-Compliance of Environmental Regulations
BY Abiodun Saheed Omodara June 2, 2025 0

LAGOS, Nigeria - The Lagos State Government issued a warning on Sunday to traders at Alabarago Marke...


FG Unveils 77,400 Units to Combat Nigeria's Housing Shortage
BY Abiodun Saheed Omodara June 2, 2025 0

The Federal Government has launched a groundbreaking initiative as part of the Renewed Hope Agenda,...


More Articles

Load more...

Menu