According to Bloomberg, CoreWeave co-founder and CEO Michael Intrator’s net worth has skyrocketed to around $10 billion in the three months since the AI company was released.
His company’s debut was the largest high-tech IPO of all time in 2025, raising $1.5 billion. And it was a bit clunky. Its founder reportedly wanted to raise more up to $4 billion and had to skin ambitions.
CoreWeave still feels similar to both success and card house. AI training and inference cloud services are built on the expansion of Nvidia GPUs. One of the investors is Nvidia, which helps you get valuable and short-term tips.
CoreWeave has both Microsoft and Openai customers. The latter signed an agreement to buy services worth $12 billion, but still worth about $11 billion. And the company disclosed that Nvidia had increased its shares after the IPO.
But CoreWeave borrowed money from the GPU to pay them, and its IPO wasn’t big enough to take it out of that cycle. As of March, it had liabilities of around $8.8 billion, which has been disclosed, with interest rates as high as 15%. It generated revenues of around $1 billion in the first quarter alone, but recorded a net loss of around $315 million.
It doesn’t scare investors who are passionate about how to make money with AI. Bloomberg has seen its shares in CoreWeave increase its intrator net worth by more than $10 billion since its March IPO.
But the wildest parts of Intrator’s history, and the parts of his co-founders Brian Venturo and Blanin McBee, all started as a Make Money Kick crypto mining company when the previous company, the hedge fund, failed.
Our business partners went from GPU closets to thousands of closets in warehouses in New Jersey to AI training experiments with the Open Source LLM Group. Venturo previously told TechCrunch.
Today, the company serves the largest LLM players on the planet, reportedly looking to buy a competitor, Core Scientific, and its founder is a billionaire. And as we’ve reported previously, it’s not all banknotes. All three founders pocketed more than $150 million by acquiring shares ahead of the IPO.
CoreWeave continues to be the icon of the AI industry in 2025. Large and rapidly growing revenues and investor enthusiasm are based on insatiable needs for more resources.
CoreWeave declined to comment further.
