Billionaire gay who's one of world's most powerful men makes announcement that will further devastate Dems

Daily Mail​

08-07-2025

A tech billionaire and one of the world's most powerful men made a shocking announcement that is sure to devastate Democrats across the country.
Sam Altman, the CEO of OpenAI and co-founder of ChatGPT, made a scathing Fourth of July social media post on X telling the world he has disowned Democrats after claiming his former party 'has lost the plot.'
'The Democratic party seemed reasonably aligned with it when I was 20, losing the plot when I was 30, and completely to have moved somewhere else at this point,' he wrote.
'So now I am politically homeless. But that's fine; I care much, much more about being American than any political party.'
Altman - who came out as gay at the age of 16 - also shared his love for America and how 'proud' he is to be a US citizen, but it quickly turned critical of the country's current political climate.
'I'm not big on identities, but I am extremely proud to be American. This is true every day, but especially today—I firmly believe this is the greatest country ever on Earth,' the 40-year-old tech boss, who is worth $1.7 million, wrote.
Although Altman himself is not the president of the US, he is nearly just as powerful because artificial intelligence - computer systems that can perform tasks that humans typically could - continues to grow and take over the world everyday.
He went on to explain his belief in 'techno-capitalism' and how he thinks there should be a system in place that supports both wealth and innovation, while also attacking the government's role in the economy.
Altman - who came out as gay at the age of 16 - made the announcement in a lengthy and scathing post to X on Saturday
'We should encourage people to make tons of money and then also find ways to widely distribute wealth and share the compounding magic of capitalism. One doesn't work without the other; you cannot raise the floor and not also raise the ceiling for very long.
He went on to share that he believes the government 'usually does a worse job than markets,' and that education is crucial in 'keeping the American edge.'
'I believed this when I was 20, when I was 30, and now I am 40 and still believe it,' the billionaire continued.
Altman's lengthy post didn't stop there, as he took a moment to appear to address the growing claim that billionaires should not exist - something New York City mayoral candidate Zohran Mamdani said in a recent interview.
While on NBC's Meet the Press on June 29, the 33-year-old Democratic socialist poised to become the Big Apple's next mayor, shared his thoughts on wealthy people.
'I don't think that we should have billionaires because, frankly, it is so much money in a moment of such inequality, and ultimately, what we need more of is equality across our city and across our state and across our country,' Mamdani said.
Altman appeared to respond directly to Mamdani's claim, ending his social media post with: 'I'd rather hear from candidates about how they are going to make everyone have the stuff billionaires have instead of how they are going to eliminate billionaires.'
He wrapped up his statement, which amassed 2.8 million views, sharing his hope for the country's future.
'The American experiment has always been messy. I am hopeful for another great 250 years. Happy 4th!'
In January, Altman hit back at Democrats who criticized him for donating $1 million of his personal cash to Trump's inaugural fund.
The CEO received a letter from Senators Elizabeth Warren and Michael Bennet, which accused him of trying to 'cozy up' to the president to avoid federal scrutiny.
The senators posed a series of questions ostensibly aimed at discovering his motivations for the cash gift.
Altman shared the letter and pushed back at the suggestion, saying: 'Funny, they never sent me one of these for contributing to Democrats.'
He then went on to explain that the senator's allegations were unfounded since the money was donated by Altman personally.
'It was a personal contribution as you state; I am confused about the questions given that my company did not make a decision,' he added.
Altman was among the tech bosses who were invited to Trump's inauguration.
He was pictured chatting to boxer Logan Paul and his brother Jake Paul ahead of the ceremony.
Altman wasn't the only tech billionaire to make a statement over the holiday weekend, as Elon Musk decided to launch a new political party.
Musk, President Donald Trump's former 'First Buddy,' announced the foundation of the America Party on his X social media platform on Saturday.
It came after Musk created an online poll on Independence Day asking his followers whether to establish the new party.
The results came back 65.4 percent in favor, leading Musk to make the announcement.
'By a factor of 2 to 1, you want a new political party and you shall have it!' Musk wrote.
'When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy.
'Today, the America Party is formed to give you back your freedom.'
Musk, 54, had been elevated to a prestigious role within the White House acting as a special advisor to the president and overseeing the Department of Government Efficiency.
But in recent months a rift has emerged and the two former friends have been embroiled in embarrassing public spats played out over social media.