Alexis Ohanian has become one of the most prominent tech entrepreneurs and investors in recent years. As the co-founder of Reddit, one of the most popular websites in the world, Ohanian has made a name for himself in Silicon Valley and beyond. His success with Reddit opened up opportunities in investing, where he has backed over 200 startups through his VC firm Initialized Capital. In this article we talk about Alexis Ohanian Net Worth In 2024.

But how did Alexis Ohanian achieve a net worth of $150 million? Let’s take a closer look at his background, the founding of Reddit, and his other business ventures leading to his impressive fortune.

Early Life and Education

Born in Brooklyn in 1983, Alexis Ohanian is the son of Anke and Chris Ohanian. His grandparents were refugees who came to the U.S. after escaping the Armenian Genocide.

Ohanian attended Howard High School in Ellicott City, Maryland where he gave the student address at graduation in 2001. He studied at the University of Virginia, graduating in 2005 with degrees in commerce and history. While at UVA, he was a member of the Alpha Kappa Psi business fraternity.

The Founding of Reddit

Shortly after graduating college, Ohanian co-founded what would become one of the largest websites in the world. Along with his former dormmate Steve Huffman, Ohanian launched Reddit in 2005.

The site, where users post content and vote posts up or down based on interest, was part of the first class of startups backed by prestigious accelerator Y Combinator. Just a year later, media company Condé Nast acquired Reddit for between $10-$20 million.

Although the exact terms were not disclosed, the acquisition marked a hugely successful exit for Ohanian and Huffman just months after Reddit’s launch.

Ventures After Reddit

While continuing to serve on Reddit’s Board of Directors after the acquisition, Ohanian pursued other business ideas as well. In 2007, he launched Breadpig, an online store that sells geeky merchandise and donates all profits to charity.

He also served as Hipmunk’s marketing director for several years. The popular travel site was co-founded by Huffman following their Reddit success. Additionally, Ohanian did a stint as Y Combinator’s Ambassador to the East in the early 2010s.

Initialized Capital

Ohanian’s next major business endeavor was the launch of Initialized Capital, a seed-stage venture capital firm he co-founded in 2010. As managing partner, Ohanian has led investments in over 200 startups.

Some of the most prominent companies backed by Initialized Capital include Coinbase, Instacart, Zenefits, and Cruise Automation. According to CB Insights, Ohanian was the top investor in the world for network centrality in 2014 thanks to his extensive portfolio.

With over $3 billion assets under management after a $700 million fundraise in late 2021, Initialized has been an enormous success under Ohanian’s leadership. The long list of unicorn startups the firm has backed is a testament to his eye for early-stage opportunities.

Return to Reddit

While continuing to lead Initialized Capital, Ohanian made a return to Reddit in a full-time capacity as executive chairman in 2015. He helped lead the company following its spin-off from Condé Nast as an independent entity once again.

Ohanian worked closely with Huffman, who returned as CEO, to rebuild Reddit’s infrastructure and improve its content policy and moderation tactics. He stepped back from daily Reddit operations in 2018 but remained on the board until resigning his seat in 2020. Ohanian called for his replacement by a black candidate in light of the Black Lives Matter protests occurring across the nation at the time.

What is Alexis Ohanian’s Net Worth?

Celebrity Net Worth estimates Alexis Ohanian’s current net worth at $150 million. The vast majority of his fortune can be attributed to his stake in Reddit, which remains around 2-5% based on Reddit’s IPO filings.

At a valuation of $10 billion upon going public in early 2023, Ohanian’s Reddit shares alone are worth between $200-$500 million. And that’s not accounting for funds he may have pulled off the table during Reddit’s 2021 Series F at a $6 billion valuation.

Additionally, the hundreds of millions in assets under management at Initialized Capital result in substantial management fees and upside through carried interest in portfolio companies. Rumors suggest Ohanian may have generated over $100 million in Coinbase stock alone following the crypto exchange’s mega-IPO.

While already hugely successful, there likely remains far more upside for Ohanian through his VC firm. With a keen eye for early digital trends and consumer behavior, he has already proven enormously successful identifying billion-dollar startups early on.

Marriage to Serena Williams Beyond his tech accomplishments, Ohanian is also known for his marriage to tennis icon Serena Williams. The two met by chance in 2015 when sitting near one another at a hotel in Rome.

After over a year of quietly dating, Ohanian and Williams announced their engagement in late 2016. They married a year later and had their daughter, Alexis Olympia Ohanian, Jr, in 2017. The family currently resides in Florida.

Philanthropy and Activism

While building his fortune through tech startups and investing, Ohanian has also focused significant attention on activism and philanthropy efforts.

He has been an especially passionate activist for maintaining an open internet. Ohanian lobbied Congress vigorously in opposition of the SOPA and PIPA acts in the early 2010s. He also helped organize major online protests that led to the bills’ demise.

Additionally, Ohanian has advocated for net neutrality protections both on Capitol Hill directly with legislators as well as online through his media presence. He frequently highlights the importance of keeping the internet open and free from restrictions.

On the philanthropy side, Ohanian donated all profits from his company Breadpig to charity for many years. He also helped raise money for Black Girls Code by leveraging his own Initialized Capital investment.

The Future for Alexis Ohanian

Still just 41 years old, Alexis Ohanian has already accomplished what many tech entrepreneurs dream of achieving in a lifetime. And yet, given his continued focus on investing through Initialized Capital, his net worth is likely to keep growing substantially.

With hundreds of millions of dollars in assets under management and ownership stakes in some of the world’s most valuable startups, Ohanian is positioned perfectly to capitalize on more of tech’s future unicorns. If he continues his investing success over the next decade, a billion-dollar fortune is very much within reach.

Beyond just making money, though, Ohanian appears dedicated to leaving a positive impact on the world. Through his activism, investments in diverse founders, and philanthropic endeavors, he is emerging as an enormously influential voice in tech that extends far beyond his Reddit fame.

It will be fascinating to see what else Ohanian accomplishes in the decades to come. But with what he has achieved already, his $150 million net worth is undoubtedly deserved. Ohanian has more than made his mark on the tech and startup spheres. I sincerely hope you find this “Alexis Ohanian Net Worth In 2024? Prepare to Be Amazed” article helpful.