How tennis ace Serena Williams and tech guru Alexis Ohanian make and spend their millions

How tennis ace Serena Williams and tech guru Alexis Ohanian make and spend their millions
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  • Serena Williams is arguably the most dominant tennis player of all time, and she's

  • Her husband, Alexis Ohanian, founded Reddit — the third-most-visited website in the United States.

  • Their astronomical wealth allows them to make fascinating investments and lead a fabulous lifestyle together.

Tech guru Alexis Ohanian and tennis superstar Serena Williams formed an incredible power couple when they began dating in the summer of 2015.

Alexis Ohanian and Serena Williams
Getty Images

Ohanian founded the popular social media platform Reddit in 2005 and sold it to Condé Nast for at least $10 million a year later. He was 23 years old.

reddit founders alexis ohanian steve huffman

Read more: Reddit's cofounders sold the company at age 23 for a fraction of the $1.8 billion it's worth today — here's how the duo got back on top

The Reddit deal gave Ohanian "more money for me than my entire family — my mother and father — had made in their entire lives," he said.

alexis ohanian
Jin S. Lee

Source: NPR

Ohanian rejoined Reddit as an executive chairman in 2014. The website, the third-most-visited in the US, is worth more than $10 billion.

alexis ohanian
Getty Images

Source: CNBC

He's since resigned his post on the Reddit board, urging the company to fill his seat with a Black candidate instead.

Alexis Ohanian
Alexis OhanianElsa/Getty Images

Reddit cofounder Alexis Ohanian just quit the company's board in a 'long overdue' move to do the right thing, distancing himself from a site famous for racist content

Ohanian has gotten involved in several projects outside of Reddit in recent years.

Alexis Ohanian Reddit
Noam Galai/Getty Images

He founded Initialized Capital, an early-stage venture-capital firm that boasts over $700 million in assets under management.

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Lara O'Reilly/Business Insider

Source: LinkedIn

But he left in June 2020, and a year later, he announced a new VC firm called "776."

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Simon Bruty /Sports Illustrated/Getty Images

Source: Forbes

He also helped start Breadpig, a company that offers supportive services for creators and their companies. His official title was "founder and chief swine defender."

Alexis Ohanian
Alexis Ohanian

Source: LinkedIn

And he served as the "head marketing dude & Hipmunk doodler" for Hipmunk, a travel search website.

Alexis Ohanian Reddit Hipmunk startup 2011
Alexis Ohanian Reddit Hipmunk startup 2011

Source: LinkedIn

Williams, meanwhile, has a net worth of more than $260 million, thanks in large part to earning more than $94 million in career prize money — considerably more than any other professional women's tennis player.

Serena Williams
Photo by Mike Hewitt/Getty Images

Source: Business Insider

Williams has also earned millions from endorsement deals with companies like Nike, Beats by Dre, Gatorade, JPMorgan Chase, Tempur-Pedic, Aston Martin, Audemars Piguet, Intel, and Wilson.

Serena Williams Nike

Source: Business Insider

Additionally, she's served on the board of SurveyMonkey since May 2017.

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Williams in 2015.Getty Images/Brad Barket

Read more: Serena Williams could cash in on an upcoming tech IPO

She has her own clothing line with HSN, the Serena Williams Signature Statement collection.

Serena Williams attends the Balmain Ready To Wear Fall/Winter 2022-2023 fashion collection.
Serena Williams attends the Balmain Ready To Wear Fall/Winter 2022-2023 fashion collection.Vianney Le Caer/Invision/AP

And her venture capital firm, Serena Ventures, raised $111 million in its inaugural fund.

Serena Williams.
Florian Eisele/Pool Photo via AP

Source: Vogue

Williams' and Ohanian's combined wealth allows them to lead lives of opulence.

Serena Williams Alexis Ohanian
Theo Wargo/Getty Images

The duo met late in the spring of 2015 at the Rome Cavalieri, a luxury hotel that boasts the only restaurant in the Italian capital with three Michelin stars.

Hotel Cavalieri Hilton view Rome
Vittorio Zunino Celotto/Getty

Source: Vanity Fair, Rome Cavalieri

Ohanian sat down next to Williams outside by the pool, and after trying to trick him into thinking there was a rat at his table, she and her friends invited him to join them.

Serena Williams Alexis Ohanian
Lucas Jackson/Reuters

Source: Vanity Fair

Ohanian had never watched Williams play — and wasn't much of a tennis fan — but he agreed to come to her match later that day.

Alexis Ohanian
Photo by Julian Finney/Getty Images

Read more: Serena Williams' Reddit cofounder husband Alexis Ohanian 'thought tennis was a joke of a sport' before he met her

He had recently ended his five-year relationship with his college sweetheart, Sabriya Stukes, when he met Williams.

Alexis Ohanian
Brad Barket/Getty

Sources: New York TimesVanity Fair, Business Insider

And Williams was widely rumored to be dating rapper Drake, though she insisted they were just friends.

Clive Brunskill/Getty

Sources: People, Business Insider

Ohanian and Williams went on their first date in Paris the following month.

Eiffel Tower
Flickr/Taylor Miles

Source: Vanity Fair

Ohanian then went to watch her play in the French Open later in the week.

Source: Vanity Fair

Though the duo hadn't yet made their relationship public, Ohanian suddenly became a very outspoken tennis fan.


He even attended that year's US Open in New York.


And honestly, it seems like a miracle that no one caught on.


Williams' beloved Yorkshire terrier, Chip, debuted on Ohanian's Instagram in September 2015, well before he and Williams did.

Read more: Top athletes and their furry friends: the best pets in the world of sports


And Ohanian traveled across the world to watch Williams compete in the Australian Open.


He finally appeared in one of her photos later that year. She singled him out in a big group of friends, referring to him as a "nerd" in the caption.


Shortly afterward, he became a regular on her feed.


Ohanian proposed at the Cavalieri — where they first met — on December 10, 2016.


Williams announced the engagement on Reddit using personalized versions of the website's alien mascot, "Snoo."

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Then she gave everyone on Instagram a glimpse of the ring.

Read more about Serena's love of tacos »

Her actual ring is reportedly worth more than $2 million.

Serena Williams
Matt Rourke/AP

Source: Hollywood Life

Ohanian jetted across the world to watch his new fianceé compete in the Australian Open in January 2017.

Alexis Ohanian
Pat Scala/Getty

Perhaps he took a private jet through Wheels Up, as Williams does.


He found out just before the tournament began that he and Williams had a baby on the way.

Alexis Ohanian
Scott Barbour/Getty

Source: Vanity Fair

Williams, who was eight weeks pregnant, dominated the competition to win her 23rd Grand Slam.

Serena Williams Australian Open
Scott Barbour/Getty

Source: Insider

On Ohanian's birthday, Williams announced her pregnancy with an Instagram post complete with a beautiful note to the baby.


And on September 1, 2017, the couple welcomed their daughter, Alexis Olympia Ohanian Jr., into the world.


Ever since, the three have been close to inseparable.


And their daughter has been living the good life.

alexis ohanian olympia serena williams
AP Photo/Chuck Burton

She and her dad often watch Williams crush her competition from the bleachers.

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Olympia Ohanian (left) and her dad, Alexis Ohanian.Al Bello/Getty Images

She pairs Burberry dresses with Nike kicks like it's nothing.


She goes yachting in sailor's outfits.


And she has her own set of Wilson gear.


She even hangs out with tennis great Novak Djokovic.


And as she's gotten older, Olympia has shown some tennis chops that look awfully familiar.

Serena Williams (left) and her daughter, Olympia Ohanian.
AP Photo/Dita Alangkara; Olympia Ohanian/Instagram

Serena Williams' daughter, Olympia, already has some of her mom's tennis prowess at 4 years old

She became the youngest person to grace the cover of Vogue, at 3 months old.


And, like her parents, she's gotten involved in some business ventures.


She's officially the youngest owner of a professional sports team.

olympia ohanian
Hannah Peters/Getty Images

Alexis Ohanian and Serena Williams' daughter, Olympia, just became the youngest team owner in pro sports

Her mom and dad also got some ownership stake in the new National Women's Soccer League team based out of Los Angeles.

serena alexis olympia ohanian
Hannah Peters/Getty Images

Natalie Portman, Serena Williams, and more than a dozen women's soccer icons are part of a star-studded ownership group for NWSL expansion team in LA

Nearly a month after Olympia's birth in 2017, Ohanian and Williams tied the knot in an opulent wedding in Louisiana.


Williams wore an estimated $3.5 million worth of jewelry at the ceremony.

Source: Business Insider

And she changed designer dresses three times.

Source: Business Insider

They even had a carousel in the center of the room.

Source: Business Insider

Less than a year later, Williams and Ohanian attended one of the only ceremonies more extravagant than their own: the wedding of Prince Harry and Meghan Markle at Windsor Castle in England.

royal wedding serena williams reddit alexis ohanian 1
Serena Williams and Alexis Ohanian attend the wedding of Prince Harry to Ms. Meghan Markle at St George's Chapel, Windsor Castle on May 19, 2018 in Windsor, England.Shaun Botterill/Getty

Williams and Ohanian have a mutual love of football.

Serena Williams Dolphins
Larry Marano/FilmMagic

Williams and her sister, Venus, became partial owners of the Miami Dolphins in 2009.

Serena Williams Venus Williams Dolphins
Charles Trainor Jr./Miami Herald/MCT via Getty Images

Source: ESPN

And Ohanian's first purchase after selling Reddit was field-level season tickets to Washington's football franchise for himself and his father.

Source: CNBC

At one point, Ohanian, Williams, and their daughter lived in a $6.7 million home in Beverly Hills, California — but they've since listed that property for sale.

Serena Williams home
Courtesy of Sam Real, Nest Seekers International

Read more: Tennis superstar Serena Williams just bought a $6.7 million Beverly Hills mansion — here's what it's like inside

They spend most of their time in Florida, where they own a stunning property in Palm Beach Gardens.


Williams even has a trophy room there.

Serena Williams' trophy room.
Architectural Digest/YouTube

The couple has homes in Paris and Bel Air.

Alexis in a lack tuxedo and bowtie. Serena in a strapless silver sparkly mini dress with matching heels.
Alexis Ohanian and Serena Williams at the 2022 Vanity Fair Oscar Party on March 27, 2022, in Beverly Hills, California.Daniele Venturelli/Getty Images

Though they lead a lavish lifestyle, Ohanian and Williams are also very philanthropic.

Serena Williams. right, and husband Alexis Ohanian
Evan Agostini/Invision/AP

Williams established the Serena Williams Fund to promote equity for all people.

Serena Williams
Getty Images

Source: Charity Buzz

She's a United Nations goodwill ambassador.

Serena Williams
Getty Images

Source: Business Insider

And she has supported Colin Kaepernick in his activism and protesting during his time in the NFL.

Colin Kaepernick
Matt Winkelmeyer/Getty Images

Read more: LeBron James and Serena Williams have shown their support for Nike's polarizing Colin Kaepernick ad campaign

Ohanian, too, supports Kap. He made a $1 million pledge to Kaepernick's Know Your Rights Camp using his Reddit stock gains.

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REUTERS/Lucy Nicholson

Ohanian is also an outspoken advocate for digital rights and has donated money to tech training initiatives.

Alexis Ohanian
Wikimedia Commons

Source: TechCrunch

Despite their fabulous lifestyles and incredible careers, Williams and Ohanian know their family comes first.


And as the couple has felt the itch to grow their family, Williams has found it difficult to make time for her tennis career.

Serena Williams reacts during her National Bank Open tennis tournament first round match.
Serena Williams.Getty/Julian Avram

So, in August 2022, she announced her intention to retire after the US Open.

Serena Williams.
AP Photo/Alberto Pezzali

Serena Williams announces she is retiring from tennis, saying that as a woman, she must choose between 'tennis and a family'

Now check out the best photos of Williams throughout her incredible tennis career:

Serena Williams prepares for a point during her Australian Open semifinal match against Naomi Osaka.
Cameron Spencer/Getty Images

68 incredible photos of Serena Williams playing tennis throughout her career


Read the original article on Insider