Alexis Ohanian is a famous venture capitalist who launched the social network Reddit with two college friends in 2005 and then sold it for $10 million 16 months later. Sports fans may know him as “Mr. Serena Williams.” The young internet businessman knew he had a fortune, and then he learned the real meaning of money. Find more information about the buinessman from this article.
What is Alexis Ohanian’s salary and Net Worth?
Tech business owner Alexis Ohanian is American and has a net worth of $150 million, according to Celebrity Net Worth. The person who helped start Reddit is Alexis Ohanian. Reddit was started by Alexis and Steve Huffman in 2005. In 2006, they sold it to Conde Nast for around $10 million to $20 million.
In February 2024, Reddit filed to go public. Its SEC filings showed that Alexis does not own a big (more than 5%) stake in Reddit at this time. The same document showed that Steve Huffman owns about 3% of Reddit. This is mostly because he was given stock grants in 2023.
It was written down that Sam Altman has 8.7% of Reddit. In an interesting turn of events, Ohanian’s name doesn’t show up anywhere in the writing. Another interesting fact about Ohanian is that she is married to tennis star Serena Williams. Alexis has put money into several successful startups through his venture capital business, Initialized Capital.
These companies include Coinbase, Instacart, Opendoor, and Flexport. Initialized put $200,000 into Coinbase in 2012, making them one of the first investors in the company. Initialized is said to be managing funds worth $3.2 billion right now.
Alexis Ohanian’s Assets & Investments
- Ohanian co-founded Reddit in 2005 with Steve Huffman and Aaron Swartz.
- Reddit was sold to Conde Nast in 2006 for $10 million, just a year after Ohanian graduated from college.
Venture Capital Investments
- Ohanian is primarily a venture capitalist who invests in tech startups through his firm Seven Seven Six, which he founded in 2020.
- Some of his recent investments include Altan Insights in May 2022 and Splendid Spoon in February 2022.
- He has also invested in other forward-looking ventures like the Angel City Football Club, an LA-based National Women’s Soccer League expansion team, and Impossible Foods.
Cryptocurrency Holdings
- Ohanian holds 50,000 Ethereum (ETH), worth about $87 million as of June 2023.
- His interest in cryptocurrency was influenced by his family’s experience during the Armenian genocide, where widespread persecution and asset seizure destroyed families’ wealth.
Other Investments
- Ohanian was an early investor in Uber, generating a $30 million return over 7 years.
- He has invested in 7 distinct startups in his portfolio.
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Alexis Ohanian’s Cars, Houses, Properties
Real Estate
Ohanian and his wife Serena Williams own a home in Miami, Florida. However, details about the specific property or its value are not publicly available.
Cars
Ohanian and Williams have not publicly disclosed details about their car collection. As high-net-worth individuals, they likely own several luxury vehicles, but the specifics are not known.
Other Investments
Ohanian’s primary source of wealth is from his co-founding of Reddit, which was sold to Conde Nast in 2006 for $10 million. He is an active venture capitalist, investing in various tech startups through his firm Seven Seven Six. Some of his recent investments include Altan Insights and Splendid Spoon.
Ohanian also holds a significant cryptocurrency portfolio, including around 50,000 Ethereum (ETH) worth approximately $87 million as of June 2023. Other investments include an early stake in Uber, which generated a $30 million return over 7 years.
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