AI creates new billionaires at a record pace

The version of this article first appeared on the CNBC Inside Wealth newsletter with Robert Frank, a weekly investor and a high network. Specify To get future editions right in the mailbox.

Artificial intelligence This year, the startups have minted dozens of new billionaires, adding to Ah -Bum, which quickly becomes the largest in the history of wealth in the last history.

Blockbuster Recipe This year for anthropic, safe supertelicity, Openai, Anysphere and other startups have created great new paper successes and led to an assessment for recording. Currently, there are 498 AI “unicorns”, or private companies with $ 1 billion and more, with a combined price of $ 2.7 trillion, CB Insights reports. Fully 100 of them have been founded since 2023. There are more than 1300 AI startups with over $ 100 million, the firm said.

In combination with the rigs of stock prices Nvidia. Meta. Microsoft And other publicly traded firms related to II, as well as infrastructure companies that create data centers and computing power, and huge payments for AI engineers, AI creates personal wealth on a scale that makes the last two technological waves similar to warm -up.

“Returning for 100 years of data, we have never seen the riches created by this size and speed,” said Andrew McAfa, MIT Chief Researcher. “It’s unprecedented.”

The new billionaire crop is rising with fierce balls. In March, Bloomberg It estimated that four of the largest private AI -based companies have set up at least 15 billionaires with a combination net worth $ 38 billion. Since then, more than a dozen unicorns have been crowned.

Peace muratiThe left open II last September launched the sinking machines. By July, it raised $ 2 billion in the biggest round in history, giving the company an estimate of $ 12 billion, according to the report.

Anthropic II negotiates to raise $ 5 billion when estimating $ 170 billion, which is almost three times in March. According to people acquaintance with the company, CEO Dario Amadeus and its six other founders are most likely multimillionaires.

Low In June, she collected $ 9.9 billion, and only a few weeks later, it was reported to be an estimate of $ 18 to $ 20 billion, which most likely made her 25-year-old founder and CEO Michael Trul, billionaire.

Of course, most of the creation of AI WeALTH is in private companies, which makes it difficult for stock owners and founders. Unlike the Dot-Com-Com Boom in the late 1990s, when companies have become public, today’s AI startups can remain in particular, given the constant investment from venture capital funds, sovereign wealth funds, family offices and other technologies.

At the same time, the rapid growth of secondary markets allows the owners of private companies to sell their shares to other investors and provide liquidity. Structured secondary sales or tender offers become widespread. Many founders can also borrow against their capital.

Open AI is negotiating a secondary stock sale to provide cash to employees. Him The suggested estimate $ 500 billion stems from the company in March, which provided an estimate of $ 300 billion.

Dozens of private firms acquire or merge, and also provide liquidity. After meta Invested $ 14.3 billion On the AI scale, the founder Alexander van joined the AI Meta team. According to CB Insights. Following the meta-friendly co-founder Lucy Gu, who left the company in 2018, bought a mansion in Hollywood hills for about $ 30 million.

However, overstretching II is largely concentrated in the bay area that resembles an era of points. Last year, Silicon Valley raised more than $ 35 billion in financing the enterprise, the Silicone Valley Institute of Regional Studies reports. Now San Francisco has more billionaires than New York, with 82 compared to the New York’s 66, reports New World Wealth and Henley & Partners. The Gulf of Millionaires has increased by 45%compared to the New York growth in the last decades.

According to International Realty Sotheby’s Sotheby’s Minternational Realty, more homes are sold above $ 20 million in San Francisco than any other year in history. Increasing the rent, housing and demand in the city, largely attributed to the II, note a sharp turn for the city, which stands on the “DOOM” loop just a few years ago.

“It is amazing how geographically this wave of AI is,” said McCafy, who is also a MIT initiative in the digital economy. “People who know how to find and finance and grow technology companies. I heard people say that 25 years” this is the end of the silicone valley “or some other place -” a new silicone valley “. But the Silicon Valley is still a silicone valley.”

Over time, the initial public proposals, many of the private private agencies will eventually become more liquid, giving a historical opportunity for rich management firms. According to technological advisers, all large private banks, wire houses, independent advisers and boutiques are cozy to the AI elite in the hope of winning their business.

Like Dot-Comminaires, however, seizing AI wealthy can be a difficult task for traditional wealth management companies. Simon Krynsky, Executive Director of the company Pathstone and former head of Hall Capital Partners in San Francisco, said most AI wealth is closed into private companies and therefore cannot be transformed into rich management accounts.

“I would say that a much higher percentage of the final wealth that is created is illiquid,” he said. “There are ways to get liquidity, but it’s tiny compared to work in Meta or Google” or another MEGAPAP that is publicly traded.

In the end, these successes will become liquid and riched by rich management firms. Krynsky said the wealthy, most likely, would follow similar customers like the recently rich 1990s commission points. Initially, the DOT complex used its excess liquidity and assets to invest in the similar technology companies they knew in their networks, colleagues and joint investors. He said the same is probably true for AI wealthy.

“Everyone turned and put it with their friends into the same companies that created their own wealth,” he said.

Having found the danger that all its wealth is concentrated in one very flying and speculative industry, the commission points turned to rich management. And born in violators, many drew their capital and skills in the invention of the wealth management industry in their image. For example, Netscape founder Jim Clark helped start MyCFO, the answer to his dislike for bankers and industry.

Krynks said that today’s entrepreneurs II will probably go the same way, with great potential, so that II is broken – if not replaced – many traditional rich management functions.

Ultimately, the ultra-auxiliary founders of AI will reveal the need for traditional personalized service, which can only provide allocated rich management teams, whether it will be taxes, heritage and real estate planning, charity advice and the construction of the portfolio.

“After the people were beaten or broken in the early 2000s, they came to evaluate a certain degree of diversification and perhaps hire a professional leader to protect them,” Krynksy said. “I suppose a similar trend with AI group.”