Alexis Ohanian is an Internet billionaire from the United States. He is primarily recognized by his wife. Serena Williams, one of tennis’ greatest players, is his wife. Few people are aware of him as a Reddit co-founder. He became a millionaire when he was just 23 years old, although very few people are aware of this.
He has also acknowledged having mental health challenges and is willing to help anyone else who is going through the same thing. Serena Williams, his wife, has acknowledged that she had melancholy at a time when she was at the pinnacle of her tennis career.
The mental health community is quite active for both the husband and wife. He co-founded Reddit in 2005, as is well known, but he quit in 2007. In 2015, he returned and stayed on Reddit. Details on Alexis Ohanian’s wealth, biography, spouse, age, height, and weight.
What Is Alexis Ohanian’s Net Worth and Salary?
American internet entrepreneur Alexis Ohanian has a $150 million fortune. Reddit’s co-founder is Alexis Ohanian. Ohanian is renowned for being married to Serena Williams, a prominent tennis player. Initialized funded $200,000 in Coinbase in 2012, making it one of the company’s very first backers.
Initialized is said to be managing assets worth $3.2 billion as of right now. Ohanian was recognized as a key player in the tech sector by Forbes in 2011 and 2012’s “30 Under 30” list. He was unsuccessful at one point in both his personal and professional lives. He is still a member of Reddit’s board of directors.
He was included in Crain’s “40 Under 40” list for business in 2015. Ohanian was recognized in 2016 as one of Fast Company’s “Most Creative People in Business.” And in December 2022, Money magazine named Alexis Ohanian a 2023 Money Changemaker.
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Initialized Capital
Ohanian co-founded Initialized Capital in 2010 and invested over $500 million in seed rounds of firms like Coinbase, Instacart, Opendoor, Zenefits, and Cruise. CB Insights named Ohanian as the top investor for network centrality in 2014. In 2019, Alexis invested $3 million in Kinside, a start-up in the childcare industry, through his business Initialized Capital.
Initialized Capital is now managing assets worth more than $3 billion. As of the time of this writing, the company had completed three financing rounds. The business raised $700 million from a group of investors in December 2021.
Ether Investment
Alexis acknowledged in a February 2023 interview that he spent $15,000 on some Ethereum coins in 2014. Based on some basic calculations, those coins would be worth $80 million if he still owned that entire holding when he gave the interview in February 2023. In November 2021, if he had controlled the entire investment, it would have been valued at more than $230 million.
Other Businesses
Lester Chambers of The Chamber Brothers and Ohanian collaborated in December 2012 to launch a Kickstarter campaign in order to produce the album “Lester’s Time Has Come.” More than $61,000 was raised. Two years later, Ohanian used Tilt.com to generate $12,244 for the charity Black Girls Code.
“Without Their Permission: How the 21st Century Will Be Made, Not Managed,” a book by Ohanian, was released on October 1st, 2013. The Wall Street Journal’s list of top sellers placed it at number four. The following year, Ohanian started a weekly web show for The Verge called “Small Empires with Alexis Ohanian.”
Reddit Career
After graduating from college, he founded numerous Internet firms. The concept for MyMobileMenu was originally presented to Y Combinator by Ohanian and his friend Steve Huffman. The business rejected the suggestion but gave the two strong encouragement to develop their subsequent one.
In 2005, he helped co-found Reddit, a news website where users may submit and rate news articles. In the summer of 2005, Reddit was among the first group of startups accepted into Y Combinator. A year later, Conde Nast bought it for an unknown sum of between $10 million and $20 million.
As a director on Reddit’s board, Alexis collaborated closely with the platform. In July 2015, he joined forces with Huffman to head the now-independent Reddit full-time. In February 2018, Ohanian withdrew from Reddit to concentrate on investment.
On June 5, 2020, he also submitted his resignation from the Reddit board and requested that a Black candidate take his place in response to the murder of George Floyd. On June 10, 2020, Black businessman Michael Seibel was elected to the Reddit board of directors.
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Personal Life
The tennis prodigy Serena Williams was allegedly dating Alexis in October 2015. After dating secretly for just over a year away from the media, Serena and Alexis made their engagement official on December 29, 2016. They had a daughter in September of 2017 before getting married in November of that same year.
Early in 2023, it was made public that the couple is expecting again. The family calls Florida home. In 2011, Alexis Ohanian paid $1.245 million for a condo in Brooklyn. He put it up for sale in 2022 for $2.3 million.