Musk Seeks $134B in OpenAI Lawsuit Amidst $700B Fortune
Elon Musk is pursuing significant damages ranging from $79 billion to $134 billion in his lawsuit against OpenAI and Microsoft. His allegations suggest that these companies misled him by straying from their nonprofit origins. This claim was initially reported by Bloomberg.
Musk’s Financial Demands
The estimated figure originates from financial expert C. Paul Wazzan, who is known for his expertise in commercial litigation. Wazzan has provided testimony in numerous high-profile cases and specializes in valuations and damages assessments. He concluded that Musk is entitled to a substantial share of OpenAI’s $500 billion valuation, attributing it to his $38 million investment when he co-founded the organization in 2015.
Valuation Calculations
The analysis conducted by Wazzan indicates:
- OpenAI’s wrongful gains range from $65.5 billion to $109.4 billion.
- Microsoft’s wrongful gains are calculated between $13.3 billion and $25.1 billion.
Currently, Microsoft owns a 27% stake in OpenAI. Musk’s legal team argues that his contributions to the startup qualify him for returns far exceeding his original investment.
Musk’s Wealth Context
Musk’s overall fortune is estimated to be around $700 billion, making him the wealthiest individual in the world. This wealth puts him $500 billion ahead of Larry Page, the second richest according to Forbes.
Implications of the Lawsuit
Even if Musk were awarded the full $134 billion from OpenAI, it would be a minor increment to his vast assets. OpenAI representatives have characterized Musk’s lawsuit as part of a “pattern of harassment” rather than a sincere financial complaint.
In response to the lawsuit, OpenAI has informed its investors about Musk’s potential to make extravagant claims as the trial approaches. This case is set to be heard in Oakland, California, in April, situated about 15 miles from San Francisco.
