What Is Alexis Ohanian's Net Worth? Reddit Co-Founder Revealed the Money Advice He’d Give Anyone

When Ohanian was a millionaire at age 22, he made a monetary choice based on a "good first impulse." But he’d do things differently now.

Feb. 12 2024, Published 5:33 p.m. ET

Venture capitalist Alexis Ohanian, whom sports fanatics might acknowledge as Mr. Serena Williams, is famous for co-founding the social community Reddit with two school roommates in 2005 after which promoting it for $10 million 16 months later. The burgeoning internet entrepreneur knew he had a providence, and then got here his real monetary schooling.

“I was truly fortunate. I sold Reddit at 23, and we made extra money than my other people had made their whole operating lives, and I believed, I don’t wish to screw this up, which I think was once a just right first impulse,” Alexis advised CNBC Make It in 2021. He were given a financial advisor however ended up regretting that call…

What is Alexis Ohanian's internet value?

Since his days at Reddit, Alexis co-founded the challenge capital company Initialized Capital and become a spouse at the startup accelerator Y Combinator. In 2020, he founded the mission capital firm Seven Seven Six, and two years after that, he launched the circle of relatives basis 776.org to struggle inequity internationally, consistent with his bio. Celebrity Net Worth estimates his net worth at $150 million.

But Alexis advised CNBC Make It that if he could return and change one financial choice, he wouldn’t rely on a financial marketing consultant. “It is in point of fact vital to … perceive where you’re placing your money, the place you’re spending your time, and hiring any individual else to just consider all of that is a in reality good sort of preliminary roughly crutch,” he stated. “[But] you don’t need to stay indebted to somebody else’s experience, and it’s really essential to do the financial paintings yourself.”

Alexis Ohanian

Internet Entrepreneur and Investor

Net worth: $one hundred fifty million (reported)

Alexis Ohanian is an web entrepreneur and investor who based the technology-based undertaking capital company Seven Seven Six, at which he’s a common spouse. He previously co-founded Reddit and Initialized Capital and served as partner at Y Combinator.

Date of birth: April 24, 1983

Birthplace: Brooklyn, N.Y.

Parents: Anke and Chris Ohanian

Education: University of Virginia

Marriages: Serena Williams (m. 2017)

Children: Olympia (b. 2017), Adira (b. 2023)

Alexis Ohanian's advice is to know your funds earlier than jobbing it out.

Alexis did recognize that finding out money matters might contain starting from square one. “Financial literacy isn’t taught in colleges — it will have to be — and in case you don’t come from a family with wealth, they are able to’t tell you the cheat codes, they don’t have the playbook to give you,” he mentioned.

Then he shared the advice he stated he’d give anyone: “Take the time — and there are such a large amount of superb assets online now — to do the work, to understand this stuff yourself sooner than entrusting it to someone else.”

On the subject of Alexis’s words of knowledge, the entrepreneur additionally advisable hanging friends and family first. “I'd be remiss in my function as a fun-ancial supervisor if I also didn’t say … the things that actually, actually subject maximum are the time, the standard time, you’re spending with the folk you care about.” he mentioned. “Family and friends, that’s the place I wish to be spending and truly making an investment my dollars and my time as much as imaginable.”

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