Alexis Ohanian is an American internet billionaire. He is mainly recognized by his wife. Serena Williams, one of the greatest tennis players, is his wife. Few people know him as the co-founder of Reddit. He became a millionaire when he was only 23 years old, although very few people know this.
He has also admitted to having mental health issues and is willing to help anyone else who is going through the same thing. Serena Williams, his wife, admitted that she suffered from melancholy at a time when she was at the peak of her tennis career.
The mental health community is very active for both husband and wife. As is known, he co-founded Reddit in 2005, but he resigned in 2007. In 2015, he returned and remained on Reddit. Details about 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 net worth of $150 million. The co-founder of Reddit is Alexis Ohanian. Ohanian is famous for being married to Serena Williams, a prominent tennis player. Initialized, he funded $200,000 in Coinbase in 2012, making him one of the very first backers of the company.
Initialized is currently said to have assets under management worth $3.2 billion. Ohanian was recognized as a key player in the technology sector by Forbes in 2011 and in the “30 Under 30” list in 2012. He failed at some point in his personal and professional life. He is still a member of the board of directors of Reddit.
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.
Initialized Capital
Ohanian co-founded Initialized Capital in 2010 and has invested over $500 million in seed rounds for companies including Coinbase, Instacart, Opendoor, Zenefits, and Cruise. CB Insights named Ohanian the lead investor for Network Centrality in 2014. In 2019, Alexis invested $3 million in Kinside, a child care startup, through his firm Initialized Capital.
Initialized Capital now has over $3 billion in assets under management. At the time of writing, the firm had completed three funding rounds. The firm 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 math, those coins would be worth $80 million if he still owned the entire holding when he gave the February 2023 interview. As of November 2021, if he had controlled the entire investment, it would have been valued at over $230 million.
Other Ventures
Lester Chambers of the Chamber Brothers and Ohanian teamed up in December 2012 to launch a Kickstarter campaign 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 Built, Not Managed,” a book by Ohanian, was released on October 1, 2013. The Wall Street Journal bestseller list placed it at number four. The following year, Ohanian launched a weekly web show for The Verge called “Small Empires with Alexis Ohanian.”
Career Reddit
After graduating from college, he founded many Internet companies. The concept for MyMobileMenu was originally presented to Y Combinator by Ohanian and his friend Steve Huffman. The company rejected the offer but strongly encouraged the two men to develop the next one.
In 2005, he helped co-found Reddit, a news site where users can 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, Condé Nast bought it for an unspecified sum of between $10 and $20 million.
As Director of Reddit’s Board of Directors, Alexis has worked closely with the platform. In July 2015, he teamed up with Huffman to run Reddit, now independent, full-time. In February 2018, Ohanian retired from Reddit to focus on investing.
On June 5, 2020, he also submitted his resignation from Reddit’s board of directors 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 Reddit’s board of directors.
Privacy
Tennis prodigy Serena Williams reportedly dated Alexis in October 2015. After secretly dating for a little over a year away from the media, Serena and Alexis made their engagement official on December 29, 2016. They had a daughter in September 2017 before getting married. in November of the same year.
In early 2023, it was made public that the couple was pregnant again. The family lives in Florida. 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.