MoneyThe story, in brief
OpenAI Cap Table Leak Reveals Microsoft's 18x Return, SoftBank's $50B Gain, And A CEO Who Owns Nothing
18x return. That's what Microsoft just made on OpenAI, while the CEO who built it owns nothing.
The KeyNews take
Why it matters
The leaked OpenAI cap table reveals the massive returns early investors achieved and highlights the unusual equity structure where the founding CEO has no ownership stake, providing rare insight into AI's biggest financial success story.
The key facts
4 to knowMicrosoft achieved 18x return on OpenAI investment
SoftBank gained $50B from OpenAI stake
OpenAI CEO Sam Altman owns 0% equity in the company
Cap table leak provides first detailed look at OpenAI's ownership structure
Go to the source
Forbes Innovationforbes.com
Publisher excerpt: A reconstructed cap table circulating on social media puts numbers to the most closely watched private equity story in tech history.