Discover Alexis Ohanian net worth, biography, age, height, weight, and other details. Alexis Ohanian is an American entrepreneur and investor. He is well-known as the co-founder of Reddit, a popular social media platform, and has accumulated a net worth of $150 million. Keep reading to know more about Alexis Ohanian’s career and Earnings.
Who is Alexis Ohanian?
Alexis Ohanian is an American entrepreneur and investor who gained recognition as the co-founder and former executive chairman of Reddit, a popular social media platform. Alongside Steve Huffman and Aaron Swartz, he played a pivotal role in establishing Reddit’s success.
Additionally, Ohanian co-founded Initialized Capital, a venture capital firm focused on supporting early-stage startups. He was involved in the creation of Hipmunk, a travel search website, and the social enterprise Breadpig.
Ohanian’s expertise also led him to become a partner at Y Combinator. Currently residing in Florida, he shares his life with his wife, renowned tennis player Serena Williams, and their daughter, Alexis Olympia Ohanian.
|Who is Alexis Ohanian? in a Nutshell|
|Full Name||Alexis Kerry Ohanian|
|Celebrated Name||Alexis Ohanian|
|Birth Place||New York City, U.S.|
|Age||39 Years Old|
|Dae of Birth||April 24, 1983|
|Nationality||American and Armenian|
|Net worth||$150 million|
|Occupation||Entrepreneur, Venture capitalist, Investor|
|Known for||Co-founding Reddit, venture capital firm Initialized Capital, and investments in other tech startups|
|Personal life||Married to tennis player Serena Williams, has a daughter|
Alexis Ohanian’s Net Worth 2023
Alexis Ohanian’s net worth is estimated to be around $150 million as of 2023. He is best known as the co-founder of Reddit, one of the most popular social media platforms in the world. Ohanian also has investments in a number of other tech startups, and he is a venture capitalist.
After graduating in Computer Science from the University of Virginia, Ohanian worked as a software engineer at a startup called IMG Artists. In 2005, he co-founded Reddit with Steve Huffman and Aaron Swartz.
Reddit quickly became a popular destination for users to share news, links, and discussions. In 2006, Ohanian and Huffman sold Reddit to Condé Nast for $10 million. Ohanian remained at Reddit as a board member until 2010, when he left to start his own venture capital firm, Initialized Capital.
Ohanian has invested in a number of other tech startups, including Instacart, 23andMe, and Stripe. He is also the founder of the venture capital firm Seven Seven Six (776).
|Alexis Ohanian’s Net Worth in a Nutshell|
|Full Name||Alexis Kerry Ohanian|
|Celebrated Name||Alexis Ohanian|
|Net Worth||$150 million|
|Source of Wealth||Reddit, Initialized Capital|
|Monthly Income||$1.2 Million|
|Yearly Income||$16 Million +|
How did Alexis Ohanian make his money?
Alexis Ohanian made his money through a variety of ventures, including:
Co-founding Reddit. Ohanian was one of the co-founders of Reddit, the popular social media platform. Reddit was acquired by Condé Nast in 2006 for an undisclosed amount, but it is estimated that Ohanian’s stake in the company was worth at least $10 million.
Venture Capital. Ohanian is a venture capitalist and has invested in a number of tech startups, including Instacart, Opendoor, and Coinbase. These investments have made him a significant amount of money.
Other Business Ventures. Ohanian has also been involved in a number of other business ventures, including the social enterprise Breadpig and the travel search website Hipmunk. These ventures have also contributed to his wealth.
Book Deals: In addition to his business ventures, Ohanian has also made money through speaking engagements and book deals. He is the author of the book “Without Their Permission: How to Start a Startup Without Anyone’s Permission,” which was published in 2014.
Overall, Alexis Ohanian is a successful entrepreneur and investor who has made a significant amount of money through a variety of ventures. His net worth is estimated to be around $150 million.
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Alexis Ohanian Biography
Alexis Ohanian, born on April 24th, 1983 in Brooklyn, New York, hails from a family that fled the Old Ottoman Empire during the devastating Armenian Genocide, in which they miraculously survived. During his college years, Ohanian met his friend Huffman, and together they dedicated nearly a month to the development of Reddit.
While some claim Reddit was created in a mere three weeks, according to Ohanian, it took them a full four weeks to bring the platform to life. After departing from Reddit, Ohanian ventured into various endeavors but faced a string of disappointments and setbacks.
|Alexis Ohanian Biography in a Nutshell|
|Full Name||Alexis Kerry Ohanian|
|Celebrated Name||Alexis Ohanian|
|Birth Place||Brooklyn, New York, United States|
|Date Of Birth||24 April 1983|
|Age||40 years old|
|Height||6 ft 3 in (193 cm)|
|Weight||171 lbs (78 Kg)|
|Wife||Serena Williams (m. 2017)|
|Children Name||Alexis Kerry Ohanian Jr.|
|Parents Name||Chris Ohanian (Father), Anke (Mother)|
|School||Howard High School|
|College||University Of Virginia|
Alexis Kerry Ohanian was born in Brooklyn, New York on April 24, 1983. His parents, Anke and Chris Ohanian have a family history deeply connected to the Armenian Genocide and arrived in the United States as refugees. Ohanian completed his education at Howard High School in Ellicott City, Maryland.
During his graduation ceremony in 2001, he delivered the student address. Ohanian pursued his interests in business and the Internet during his time at the University of Virginia, where he graduated in 2005. He was an active member of the professional business fraternity Alpha Kappa Psi and pursued a double major in commerce and history.
Entrepreneurial Journey and Reddit Success
Founding Internet Startups
After finishing his college education, Alexis Ohanian undertook a path of entrepreneurship, co-founding multiple internet startups. His first venture, MyMobileMenu, was pitched alongside his friend Steve Huffman to Y Combinator, although the idea did not receive support. However, this setback spurred them to develop their next big idea.
In 2005, Ohanian and Huffman co-founded Reddit, a news website where users can post and rank news content. Reddit quickly gained popularity and was included in Y Combinator’s inaugural batch of startups in the summer of that year. A year later, Conde Nast acquired Reddit for an undisclosed sum estimated to be between 10 to 20 million dollars. Ohanian played an active role as a member of Reddit’s board of directors.
Full-Time Return and Leadership
In July 2015, Ohanian made a full-time return to Reddit, rejoining forces with Huffman to lead the company as it became independent. Taking on a leadership position, he focused on guiding the development and growth of Reddit’s platform.
Transition and Investment Focus
In February 2018, Ohanian decided to step back from his operational role at Reddit, shifting his focus toward investment activities. This move allowed him to explore new opportunities and invest in promising ventures.
Commitment to Diversity and Departure from the Board
On June 5, 2020, in response to the tragic killing of George Floyd, Ohanian made a significant decision. He resigned from Reddit’s board and publicly requested to be replaced by a Black candidate, aiming to promote diversity and inclusivity within the company. Subsequently, on June 10, 2020, Black entrepreneur Michael Seibel was named as a new Reddit board member.
Philanthropy, Entrepreneurship, and Investing
Breadpig and Charitable Endeavors
In 2007, Alexis Ohanian founded Breadpig, an online company with a unique mission. Breadpig sought out or developed “geeky” products and marketed them to generate profits. However, what set Breadpig apart was its commitment to donate all of its profits to organizations in need of funding aid.
Notable beneficiaries included the San Francisco Society for the Prevention of Cruelty to Animals and Room to Read, a program dedicated to building a primary school in Laos. Since its launch in 2007, Breadpig has raised over $150,000 for these charitable causes. Although Ohanian is no longer involved in the day-to-day operations of Breadpig, its philanthropic impact continues.
Marketing Director for Hipmunk
Alexis Ohanian also held the role of marketing director for Hipmunk, an online travel company. In this capacity, he played a crucial role in promoting and positioning the brand within the competitive travel industry.
Das Kapital Capital and Startup Support
In June 2010, Ohanian launched Das Kapital Capital, a company focused on startup investing, advising, and consulting. With a keen interest in nurturing emerging businesses, Ohanian’s venture aimed to provide valuable support and guidance to startups on their path to success.
Ambassador to the East for Y Combinator
Acknowledging Ohanian’s expertise and contributions, he was honored with the role of Ambassador to the East for Y Combinator. This position allowed him to represent and promote the renowned startup accelerator in the Eastern region, fostering connections and opportunities for aspiring entrepreneurs.
Partner at Y Combinator and Transition
Prior to his role as Ambassador, Ohanian served as a full-time partner at Y Combinator. His experience, insights, and dedication contributed to the growth and success of the accelerator and the startups it supported. However, Ohanian eventually stepped down from this position in 2016, exploring new avenues while leaving behind a lasting impact.
Initialized Capital and Investments
Co-founding Initialized Capital
In 2010, Alexis Ohanian co-founded Initialized Capital, a venture capital firm focused on making seed investments in promising startups. Notable companies in their portfolio include Coinbase, Instacart, Opendoor, Zenefits, and Cruise, with total investments exceeding $500 million.
Investing in Success and Recognition
Alexis Ohanian’s investment acumen earned him recognition, ranking as the number one investor for network centrality in 2014 by CB Insights. This distinction highlighted his ability to connect with and support a diverse range of entrepreneurs.
Continued Investments and Growth
Under Initialized Capital, Ohanian personally invested $3 million in Kinside, a childcare startup, in 2019. This investment exemplified the firm’s dedication to supporting innovative ventures across various industries. Currently, Initialized Capital manages more than $3 billion in assets and has successfully raised funds through multiple investment rounds.
Recent Investment Round
In December 2021, Initialized Capital secured a substantial investment of $700 million from a consortium of investors. This infusion of capital further solidified the firm’s position in the venture capital landscape and provided additional resources to support promising startups.
Cryptocurrency Investment and Remarkable Returns
In a February 2023 interview, Alexis Ohanian disclosed that he had purchased a portion of Ethereum cryptocurrency for $15,000 back in 2014. By making some rough calculations, it was estimated that if he still held the entirety of that investment at the time of the interview, its value would have reached $80 million. Furthermore, if Ohanian retained the full stake until November 2021, its worth surpassed an impressive $230 million.
Other Writing, and Media Ventures
Kickstarter Campaign and Musical Collaboration
In December 2012, Alexis Ohanian partnered with Lester Chambers of The Chamber Brothers to launch a successful Kickstarter campaign. The goal was to fund the creation of a new album titled “Lester’s Time Has Come,” which garnered over $61,000 in support from enthusiastic backers.
Support for Black Girls Code
Two years later, Ohanian continued his philanthropic efforts by raising $12,244 for the non-profit organization Black Girls Code on Tilt.com. This initiative aimed to empower young girls of color in the field of technology and provide them with educational opportunities.
Authorship and Online Series
In 2013, Ohanian published his book titled “Without Their Permission: How the 21st Century Will Be Made, Not Managed.” The book garnered significant attention and achieved the notable achievement of ranking #4 on the Wall Street Journal bestseller list. Simultaneously, he began hosting the online series “Small Empires with Alexis Ohanian” for The Verge, exploring the world of entrepreneurship and innovative startups.
Advocacy for Emoji Inclusion
In 2017, Ohanian collaborated with teenager Rayouf Alhumedhi to advocate for the inclusion of a hijab emoji by Apple. They worked together to raise awareness and arranged an Ask Me Anything (AMA) session where Alhumedhi could share her idea and respond to critics. As a result, Apple released its version of the hijab emoji on July 17, 2017, showcasing the significance of diverse representation.
Alexis Ohanian has ventured into the world of podcasting, launching three distinct podcasts. These include NYRD Radio in October 2014, Upvoted in January 2015, and Business Dad in January 2020. Through these platforms, he shares insights, interviews notable guests, and discusses a range of topics relevant to technology, business, and parenthood.
Net Neutrality Advocacy
Alexis Ohanian is a fervent supporter of net neutrality and maintaining an open internet. In 2010 and 2011, he actively opposed legislative measures such as the Stop Online Piracy Act (SOPA) and the PROTECT IP Act. Through his leadership, an internet-enabled campaign emerged, leading to the successful defeat of these bills. Ohanian spoke to Congress, played a crucial role in organizing national anti-SOPA/PIPA protests, and participated in the NY Tech Meetup rally. He was recognized as one of the most influential activists of 2012 by The Daily Dot and earned the title of “Mayor of the Internet” by Forbes Magazine.
Net Neutrality Lobbying and Crowdfunding
Ohanian lobbied the Federal Communications Commission (FCC) in May 2014, continuing his net neutrality advocacy. His efforts culminated in a day-long phone-a-thon into the FCC and Congress on January 15, 2015. To protest the FCC’s plans to dismantle net neutrality, Ohanian utilized Tilt.com to launch a crowdfunding campaign called “Save Net Neutrality: Billboard in FCC’s Backyard.” This initiative aimed to raise awareness and oppose the FCC’s proposed changes.
Championing Paid Paternity Leave
Alexis Ohanian is a strong advocate for universal paid paternity leave. He shared his personal experience in the New York Times, highlighting the importance of paid leave following his wife’s challenging childbirth and assuming the role of primary caregiver for his family. Motivated by this firsthand experience, Ohanian announced plans in June 2019 to bring a pledge for federal paid family leave legislation to lawmakers on Capitol Hill.
Ohanian’s journey took a beautiful turn when he got engaged to tennis player Serena Williams on December 29, 2016. Their daughter, Alexis Olympia Ohanian, arrived on September 1, 2017, in West Palm Beach, Florida. The couple exchanged vows on November 16, 2017, in New Orleans.
Through observing Williams’ fierce competition, Ohanian experienced a transformation in how he perceives success in the business world. Notably, Ohanian and Williams gifted their daughter a beloved doll named Qai Qai, who has gained significant popularity on social media.
Frequently Asked Questions
Alexis Ohanian is an American and Armenian national. He was born in Brooklyn, New York, to an Armenian-American father and a German-American mother.
As of 2023, Alexis Ohanian’s net worth is estimated to be around $150 million. His wealth comes from his stake in Reddit, his venture capital firm Initialized Capital, and his investments in other tech startups.
Alexis Ohanian is 6 feet 3 inches tall which is equivalent to 1.93 m.
Alexis Ohanian is 39 years old. He was born on April 24, 1983.
Alexis Ohanian’s annual salary is estimated to be $16 million.
Serena Williams and Alexis Ohanian met in May 2015 at the Cavalieri Hotel in Rome, Italy. Williams was there for the Italian Open, while Ohanian was there to speak at a conference. They met by chance during breakfast, when Ohanian sat down at the table next to Williams and her friends.