What is Alexis Ohanian net worth?
|Net worth||$80 million|
|Date of birth||24th April, 1983|
|Full name||Alexis Kerry Ohanian|
|Known for||Cofounding Reddit|
Alexis Ohanian net worth 2022: Alexis Kerry Ohanian is an American internet entrepreneur and investor. He is best known as the co-founder and executive chairman of the social news website Reddit along with Steve Huffman and Aaron Swartz. Alexis Ohanian net worth is $80 million. keep reading to find more information about him here.
Alexis Kerry Ohanian was born on April 24, 1983 in Brooklyn, New York, to a German mother, Anke and an Armenian American father, Chris Ohanian.
His grandparents came to the US as refugees after the Armenian genocide. He went to Howard High School in Ellicott City, Maryland, where he gave the student address for his graduating class in 2001.
After graduating from the University of Virginia in 2005 with degrees in commerce and history, Ohanian and friend Steve Huffman pitched the idea MyMobileMenu to Y Combinator. The company passed on the idea but encouraged the duo to come up with another idea it could potentially fund.
They later came up with reddit.com with the goal of it becoming the “front page of the Internet”
At the University of Virginia, Ohanian achieved academic success and was inducted into The National Society of Collegiate Scholars (NSCS) and was an active member of his chapter.
Success of Reddit
Reddit joined Y-Combinator’s first batch of start-ups in the summer of 2005 and was later acquired by Condé Nast in 2006 for an undisclosed amount between $10 million and $20 million.
Ohanian continued to work closely with Reddit as a member of its board of directors. Ohanian returned to Reddit full-time with co-founder Huffman in July 2015 to lead the now-independent company.
He stepped back from the company in February 2018 to return to focusing on investing.
In 2007, Ohanian launched Breadpig, an “uncorporation” that produces geeky merchandise and gives the proceeds to charity. He is no longer involved in the day-to-day operations of Breadpig.
In 2009, Ohanian spoke at TED about a whale named Mister Splashy Pants. After leaving Reddit in 2010, Ohanian spent three months working in microfinance as a Kiva fellow in Yerevan, Armenia.
Ohanian helped launch travel search website Hipmunk in 2010 and now acts as an adviser.
In June 2010, Ohanian announced the launch of his company Das Kapital Capital, which focuses on start-up investing, advising, and consulting.
Ohanian was named the “Ambassador to the East” for the early-stage venture firm Y Combinator. In this position, he meets with East Coast applicants, mentors New York YC founders, and is a general representative for the company.
He also held the role of part-time partner and full-time partner at Y Combinator before leaving in 2016 to help launch the third Initialized Capital fund with Garry Tan.
On June 5, 2020, Ohanian resigned from Reddit’s board, asking to be replaced by a black candidate in response to the murder of George Floyd.
On June 10, 2020, it was announced that Michael Seibel, an African-American entrepreneur, was named a Reddit board member.
On July 21, 2020, Ohanian was announced as the lead investor in a primarily female group that was awarded a new franchise in the National Women’s Soccer League, the top level of the sport for women in the U.S.
The new team, later unveiled as Angel City FC, is set to start play in 2022. The ownership group, in which women hold a majority interest, includes 14 former members of the U.S. women’s national team, Oscar-winning actress Natalie Portman, and many other prominent actresses, entertainers, media personalities, and sportspeople, among them Ohanian’s wife, Serena Williams.
In June 2020, Ohanian ended his role as Managing Partner at Initialized.
Alexis Ohanian Net Worth
Alexis Ohanian net worth is $80 million. He has championed a number of internet start ups. He was given the name “mayor of the internet” by Forbes magazine. Ohanian is married to Tennis player and 23 time champion Serena Williams. The couple lives in Florida, US.
He also co-founded the early-stage venture capital firm Initialized Capital, helped launch the travel search website Hipmunk, and started the social enterprise Breadpig