That makes Altman one of Reddit’s top individual shareholders, controlling an estimated 8.7% to 9% of the company’s total shares. A decade-long bet that paid offAltman’s Reddit position didn’t materialize overnight. The OpenAI equity paradoxWhat makes this situation particularly striking is the contrast with Altman’s position at OpenAI. Despite leading a company that reportedly commands one of the highest private valuations in tech history, Altman holds no direct equity in OpenAI. For investors watching Reddit as a public company, Altman’s continued holding is a data point worth tracking.