A Redfin analysis released on July 9, 2026, estimates that employees of OpenAI and Anthropic, armed with post-tax IPO equity, could theoretically purchase roughly 29% of all homes in the San Francisco metro area.
The numbers behind the headline
Here is how the math breaks down. OpenAI employees are estimated to hold approximately $260 billion in pre-tax equity, based on roughly 26% collective ownership at a company valuation near $1 trillion. After taxes, that figure lands around $135 billion, which Redfin calculates is enough to support ownership of about 20% of SF metro homes.
Anthropic employees, modeled at somewhere between a 10% and 15% stake at a valuation also approaching $1 trillion, are sitting on roughly $120 billion pre-tax. Post-tax, that becomes approximately $63 billion, translating to about 9% of the housing market.
Combined: $198 billion in post-tax equity, enough to theoretically absorb 29% of homes in one of the most expensive metro areas in the country.
