Alexis Ohanian Net Worth 2024: The Wealth of the Reddit Founder

Alexis Ohanian, the American internet entrepreneur behind Reddit and the husband of tennis legend Serena Williams, has built up quite a fortune over the years.

Alexis Ohanian’s net worth today is about $150 million, and that is only a portion of his family’s estimated net worth. His wife’s net worth is greater than his at about $250 million.

Ohanian is best known for his role in founding Reddit but not all of his wealth is derived from the successful platform. He has dabbled in many business ventures over the years and has varied sources of income contributing to his net worth.

If you’re interested in how Ohanian turned a passion into a tremendously successful career and Reddit owner net worth, keep reading.

Alexis Ohanian’s Net Worth: Full Breakdown

Ohanian’s history includes with multiple companies, some of which he co-founded, along with his diverse investments. Yet, the exact figures of his earnings remain undisclosed.

Here’s what we’ve gathered from publicly available sources.

6 Fun Facts about the Reddit Owner

1. Alexis Ohanian is married to tennis legend Serena Williams.
2. He was an early investor in the cryptocurrency Ethereum.
3. Ohanian wrote a bestselling book titled “Without Their Permission”.
4. He co-founded the travel search website Hipmunk.
5. Ohanian is a vocal advocate for paid paternity leave.
6. He often speaks at tech and entrepreneurial conferences worldwide.

Latest News & Updates on Alexis Ohanian

In 2024, Alexis Ohanian is focusing on his venture capital firm Seven Seven Six, which has amassed $750 million in assets.

His firm recently helped raise $54 million to support Doodles, an NFT collection.

Ohanian also continues to be an advocate for net neutrality and social causes while supporting his wife, Serena Williams, in her philanthropic endeavors​

Alexis Ohanian’s Early Life

Alexis Kerry Ohanian was born on April 24, 1983, in Brooklyn, New York to mother Anke Ohanian and father Chris Ohanian.

His family has roots in Armenia, tying back to the country’s darkest days. Alexis’ grandparents escaped the country as refugees after the Armenian Genocide, fleeing to the US as refugees.

Alexis studied at the Howard High School in Ellicott City, Maryland, and was an exemplary student who gave the student address at the 2001 graduation ceremony.

He then enrolled in the University of Virginia where he graduated in 2005 with a major in commerce and history. While still in college, the young man focused on business and was a member of Alpha Kappa Psi, a professional business fraternity.

During his time at the university, he befriended Steve Huffman, who would later help him co-found Reddit.

Today, Alexis Ohanian is married to the tennis prodigy Serena Williams. The couple has two children together, Alexis Olympia Ohanian Jr and Adira River Ohanian.

Alexis Ohanian Net Worth: The Story Behind His Millions

Alexis Ohanian’s first months into the business world turned out to be a major success, paving his path toward fortune and fame. So far, he’s invested in several businesses, founded profitable companies, and won many awards.

Let’s delve into the story behind his millions.

Alexis Ohanian as the Co-Founder of Reddit

Immediately after graduating from college, Alexis embarked on a collaborative venture with his friend Steve Huffman. Together, they conceptualized MyMobileMenu and pitched it to Y Combinator, a famous startup accelerator company. Unfortunately, their proposal was turned down.

In 2005, Ohanian’s life turned around when he co-founded Reddit with Steve Huffman.

Reddit serves as a platform where users can submit articles, peruse others’ content, and rate it accordingly. They wanted it to become “the front page of the internet,” a slogan the platform still uses today.

That same summer, Reddit became one of the first startups accepted by Y Combinator and was given $100,000 in funding. Huffman later admitted that the Reddit team controlled hoards of fake accounts to try to shape the site to their will and build tremendous hype.

It only took the co-founders a year to turn this venture into high profits. Alexis and Steve sold Reddit for $10 to $20 million to publishing giant Conde Nast in 2006. The deal made Ohanian a multi-millionaire before he turned 25.

He spoke of this time of his life with the NPR How I Built This podcast:

 “It was more money for me than my entire family—my mother and father—had made in their entire lives.”

In his interview with CNBC, Ohanian shared that the first thing he bought with his money was season tickets to FedEx Field, the home of the Washington Commanders (previously the Redskins):

“The very first thing I did was I called up the ticket office. My dad had two nosebleeds for a number of years, and I upgraded his seats to four seats at the front row around the 50-yard line.”

The family kept the season tickets for 11 years.

Ohanian Resigns from His Position as a Reddit’s Board Member

Even though he sold the company, Alexis kept working with the platform for years. In 2015, he was the head of the Reddit brand and a Reddit board member.

Though he eventually stepped back in 2018 and focused on investing.

During that period, Reddit faced significant challenges stemming from allegations of misogyny and racism. On June 5, 2020, Alexis Ohanian decided to resign from the Reddit Board and requested that the company put a Black candidate in his place. he did this in response to the murder of George Floyd.

Five days later, the Reddit Board of Directors elected Michael Seibel for the position.

I’ve resigned as a member of the reddit board, I have urged them to fill my seat with a black candidate, + I will use future gains on my Reddit stock to serve the black community, chiefly to curb racial hate, and I’m starting with a pledge of $1M to @kaepernick7’s @yourrightscamp

— Alexis Ohanian (@alexisohanian) June 5, 2020

Other Business Ventures

Alexis Ohanian didn’t end his career when he stepped down from Reddit and he often worked on other major projects simultaneously. In fact, he has dabbled in many other businesses and markets over the past few years.

BreadPig

In 2007, Ohanian founded another business called Breadpig, an online company that hires creators who want to crowdfund or self-publish. It produces ‘geeky items’ that appeal to the public, and then uses the profits to fund organizations that need financial aid, such as:

• San Francisco Society for the Prevention of Cruelty of Animals
• Room to Read, a program for constructing primary schools

While Breadpig still exists, Alexis Ohanian is no longer involved with its day-to-day operations.

Hipmunk

In August 2010, Alexis Ohanian became a part of the marketing team at Hipmunk, a travel search website, another Y Combinator startup co-founded by Steve Huffman and Adam Goldstein. Ohanian took charge of the company’s PR and marketing initiatives.

At the time, this was the best flight search website.

In September 2016, a corporate travel platform named Concur acquired Hipmunk though the terms of the deal were never released. In January 2020, the Hipmunk website and app shut down. The exact earnings from Ohanian’s work at this company are not public.

Das Kapital Capital

In June 2010, the young entrepreneur launched a venture capital firm that focuses on startup investing and consulting named Das Kapital Capital. The company has since lent its services to a large array of various online platforms of various sorts, with many seeing great success.

Partnership at Y Combinator

At around that time, Alexis worked as a partner at Y Combinator, the startup accelerator that helped him launch Reddit, and also stands behind Twitch and Airbnb. He stepped down from this role in 2016.

Venture Capital Firm Initialized Capital

Initialized Capital is among Ohanian’s most profitable ventures. In 2010, he co-founded the company to start putting his wealth to work. Through Initialized, the tech titan invested over $500 million in companies like Opendoor, Instacart, Coinbase, Zenefits, and Cruise.

One of the most notable investments was in Coinbase. Ohanian was among the first backers of the company, investing $200,000 back in 2012. That wasn’t the VC firm’s only extraordinarily profitable investment. In 2019, the company invested $3 million in Kinside, a successful childcare industry startup.

According to the company’s official website, Initialized Capital now manages assets worth $3.2 billion.

In June 2020, Alexis Ohanian left his position as Managing Partner at Initialized and focused on creating a new firm called 776.

Seven Seven Six (776)

In 2021, Ohanian co-founded another business, a venture capital firm called 776 that focuses on tech-centric investments. The venture capital firm has made over $750 million in assets to date. The company still operates to this day.

One of the most notable successes of 776 was in 2022 when the company helped raise $54 million to fund Doodles, a popular non-fungible token (NFT) collection.

Other Achievements

Alexis Ohanian has established and contributed to the development of numerous companies, yet these accomplishments represent just a fraction of his overall success.

In 2012, Ohanian collaborated with Lester Chambers of The Chambers Brothers and launched a Kickstarter campaign to produce an album called ‘Lester’s Time Has Come’. The campaign raised over $61,000.

In 2013, Ohanian wrote and published a book called ‘Without Their Permission: How the 21st Century Will Be Made, Not Managed”. The book was an instant hit and it quickly reached the fourth spot in The Wall Street Journal’s bestselling list.

In 2014, Alexis Ohanian started his web show called ‘Small Empires with Alexis Ohanian’ in collaboration with The Verge.

In 2017, he worked with Rayouf Alhumedhi, a teenager, on a campaign for Apple where they created a hijab emoji. The hijab emoji was released on Apple on July 17, 2017.

Philanthropy and Activism

Alexis Ohanian has established a reputation as a dedicated philanthropist, having contributed substantial amounts and raised millions for various charitable endeavors through his multiple business ventures, often in collaboration with his wife, Serena Williams.

In 2010 and 2011, Alexis Ohanian spoke out against the Senate’s Protect IP Act and the Stop Online Piracy Act brought by Congress which threatened the state of the internet. Both bills were defeated soon after.

In 2012, he campaigned with Reddit General Manager Erik Martin and joined the Bus Tour from Denver to Danville during the Presidential and Vice Presidential debates.

In 2014, Ohanian used Tilt.com to raise $12,244 to donate to the charity Black Girls Code.

In 2014, he again was a major help in defeating attempts to destroy net neutrality by lobbying the FFC. He also used Tilt.com to launch a crowdfunding campaign called ‘Save Net Neutrality: Billboard in FFC’s Backyard’.

Ohanian’s actions helped save the internet from corporate (and political) overreach time and time again and should not be forgotten. It’s also important to note that these are only a small handful of Ohanian’s many charitable donations and actions.

Awards

Alexis Ohanian has been honored with various awards, recognizing both his entrepreneurial achievements and his significant philanthropic contributions. Some of his notable awards and mentions include:

• Named as one of the ’30 Under 30 Entrepreneurs’ by Inc. Magazine in 2011
• Named in the ’30 Under 30′ list of Forbes magazine in 2012
• Won the award for Best in Social Media by Shorty Awards in 2013
• Won the Tech Crunch Crunchie Award for Best Angel Investor in 2014
• Won the Webby Award for Best Community Website for Reddit in 2014
• Named in the ‘100 Most Influential People’ list in Time magazine in 2015
• Named as one of the ‘Most Creative People in Business’ by Fast Company in 2015
• Won ‘Advocate of the Year’ at the 2019 Women in Technology Awards
• Won the Charity and Community Service Award at the Sports Illustrated Sportsperson of the Year Ceremony with his wife Serena Williams in 2020

Alexis Ohanian’s Investments in Crypto and Real Estate

Alexis Ohanian has diversified investments through his businesses and personal ventures, showcasing a strong advocacy for cryptocurrency and NFTs. Additionally, he has made investments in real estate and possesses a notable collection including at least two cars and a yacht, which he enjoys with his family.

Cryptocurrencies and NFTs

Alexis Ohanian is a known proponent of cryptocurrencies. In 2014, he purchased about $15,000 of Ethereum, which would now be worth around $80 million, if he still owns it. He may have also purchased more of the coin and other coins over the years and just hasn’t disclosed the buys to the public.

We do know that he spent at least a portion of his crypto profits to buy Serena Williams her $3 million engagement ring.

Ohanian also got caught up in the recent tremendous rise of NFTs and he now owns at least around 700 NFTs. In 2021, he spent $550,000 worth of ether to buy seven NFTs and bought a Bored Ape Yacht Club NFT as a gift to his wife.

Real Estate

Alexis Ohanian is not as big of a real estate investor as he is in businesses and digital assets. Nevertheless, he owns a few valuable properties. He and Serena Williams live in a massive Florida mansion worth $7.5 million.

In 2011, Ohanian also bought a condo in Brooklyn for $1.2+ million and eventually sold it in 2022 for $2.3 million. Finally, the couple bought a vacation house in Jamaica after they got married for $5 million.

Cars

Alexis and Serena have a rich car collection. The family owns at least 6 cars:

• Aston Martin Vanquish estimated at $315,000
• Lincoln Navigator estimated at $100,000
• Lincoln Continental estimated at $116,000
• Mini Cooper S estimated at $40,000
• Range Rover Evoque 2013 edition estimated at $115,500
• Dodge Viper RT 10 1992 estimated at $50,700

Ohanian and Serena Williams also own a yacht with 2 decks with 3 bedrooms, estimated at $700,500.

What Can We Learn From Alexis Ohanian’s Success?

We have many things to learn from Alexis Ohanian, his career, and his many successful investments.

Alexis Ohanian’s journey is one of innovation and tenacity.

From co-founding Reddit, one of the most impactful companies of the 21st century, to dabbling in fields like travel search, venture capital, and startup investments, his story embodies the force of the entrepreneurial spirit.

He’s proof that it’s never too early to build a fortune if you are courageous and have talent.

Alexis Ohanian is also a great philanthropist who fights all sorts of different causes that often don’t get as much attention as they deserve. His advocacy for net neutrality, his various charitable donations, and his proactive stance on societal issues show the importance of using one’s name and platform for the greater good.