OpenAI's Brockman Discloses $30 Billion Stake and Cannot Identify Charges as Musk Nonprofit Fiduciary Trial Intensifies
OpenAI president Greg Brockman testified his $30 billion stake came with zero cash invested as Musk's nonprofit fiduciary trial reaches its most damaging exchanges yet.
OpenAI's Brockman Discloses $30 Billion Stake and Cannot Identify Charges as Musk Nonprofit Fiduciary Trial Intensifies OpenAI president Greg Brockman testified his $30 billion stake came with zero cash invested as Musk's nonprofit fiduciary trial reaches its most damaging exchanges yet. Aaron Rafferty May 05, 2026 Key Takeaways: Greg Brockman testified his $30 billion OpenAI stake came with no personal cash investment, declining to discuss returning the equity to the nonprofit Brockman acknowledged he disclosed his Cerebras stake to Musk in no email, chat, or text while OpenAI negotiated a deal that tripled Cerebras's valuation Pressed on the lawsuit, Brockman said he had never been certain what he was being sued for, even after reading the complaint "in great detail" OpenAI co-founder and President Greg Brockman testified in federal court in Oakland this week that his stake in the company is worth nearly $30 billion, acquired with no personal cash investment. The case turns on California charitable trust law, which prohibits self-dealing by 501(c)(3) directors without independent approval. Under cross-examination by Musk attorney Steven Molo, the exchanges turned damaging for OpenAI's defense. Molo pressed Brockman on whether he should return the difference above his first billion to the OpenAI nonprofit: Q. Do you think you should give the $29 billion back to the charity? A. That's not how I think about it. Asked about his undisclosed personal stake in Cerebras, the AI chip startup OpenAI has reportedly discussed acquiring, Brockman acknowledged no email, chat, or text disclosed the conflict to Musk. Asked whether he stood to gain personally, Brockman said, "I suppose so, but it wasn't something on my mind." A subpoenaed 2017 journal entry fro