The prestigious Forbes Magazine crowned Alexis Ohanian the Mayor of the internet in 2012 for good reasons, and he has continued to live up to that assessment. He is an American tech guru, investor, venture capitalist, and internet entrepreneur most commonly known as one of the founders of Reddit, which has become one of the most visited websites in the world. He established the company with his friend Steve Huffman. They sold the company over a decade ago and took home a large paycheck which has greatly contributed to Alexis Ohanian’s net worth.
Alexis Ohanian’s Age and How He Became Famous
Since Reddit, Alexis has founded and invested in other ventures which have been wildly successful and consistently brought in the big bucks. He is considered one of the brightest and most creative minds in business today as he is constantly thinking up great new ideas, raising startups with incredible potential and helping them scale. Aside from his entrepreneurial success, Alexis has also gained popularity for being the husband of tennis legend Serena Williams.
The businessman was born Alexis Kerry Ohanian in the Brooklyn area of New York, on April 24, 1983. He is the son of Anke and Chris Ohanian. His father is of Armenian descent, while his mother has German roots. He completed his basic education at Howard High School in Ellicott City, Maryland. Alexis was one of the brightest students in his class and was given the honor of delivering the student address for the graduating class of 2001. He then went on to enroll at the University of Virginia where he bagged a degree in Commerce and History in 2005. While at the university, he met his soon-to-be business partner, Steve Huffman.
Alexis’ professional journey began in 2005 when he and Huffman attended a lecture given by Paul Graham titled “How to Start a Startup”. At the end of the lecture, they stayed behind to converse with Graham, who then invited them to apply for Y Combinator, his incubator for startups.
The first idea they pitched at the incubator was rejected, so they returned to the drawing board and came up with the idea for Reddit during a brainstorming session. They pitched this startup idea and were accepted into the Y Combinator acceleration program. With the funding they received from the program, Alexis and Huffman wrote the code for the website and launched Reddit in June 2005.
What Is Alexis Ohanian’s Net Worth?
Moving on, Alexis joined Hipmunk in 2010, an online travel company founded by Adam Goldstein and Steve Huffman after they left Reddit. The company helps users find flight and hotel deals and has its office in San Francisco. Alexis currently serves as an adviser to the company.
In 2011, Alexis founded Initialized Capital, a venture capital firm with a focus on seed and early-stage venture investments. As of 2019, the company has over $500 million in its portfolio. He also runs a company called Breadpig that produces all sorts of items that appeal to nerds and geeks. All of the proceeds from the company goes to charity. In 2018, Alexis launched Shakmat, an Armenian brandy as a way of honoring his heritage.
As of 2019, Alexis Ohanian’s net worth stands at $70 million. He has managed to reach this level of wealth by utilizing the power of his mind, working tirelessly to make his ideas a reality, and ensuring that whatever business he gets tangled in becomes successful. Alexis Ohanian’s net worth did not happen overnight, it has been on a gradual ascent over the years with every new idea he thinks up. He has been involved in a wide range of projects that are paying off handsomely and others that are set to do so in the future. From the look of things, Alexis Ohanian’s net worth is likely going to double or even triple in the coming years.
How Much Did He Make From Reddit?
A huge chunk of Alexis Ohanian’s net worth comes from the sale of his first enterprise, Reddit. The company was sold on October 31, 2006, to Conde Nast Publications. However, the amount it was acquired for is still undisclosed, but speculators say it ranges between $10 – 20 million. Whatever the price might have been, it surely made Alexis and Hoffman a lot of money. The pair currently serves as Executive Chairman and Chief Executive Officer of the company respectively.