Alexis Ohanian’s Net Worth: Charity & Investments

American internet entrepreneur Alexis Ohanian’s net worth is $40 million.

He is known as the co-founder and executive chairman of the popular social media website Reddit.

Likewise, he co-founded Initialized Capital, launched the tourism website Hipmunk, and initiated the Breadpig enterprise.

Alexis Ohanian talking on stage
Alexis Ohanian is talking on the stage.

Ohanian is renowned for creating mascots for his sites and the famed hijab emoji.

In addition, in 2012, he was recognized as the “Mayor of the Internet” by Forbes magazine’s Andy Greenberg.

He has also been named in the Forbes’ “30 Under 30” list as an influential individual in the technology sector.

Quick Facts

Here are some quick facts about the tech entrepreneur Alexis Ohanian.

Full Name Alexis Kerry Ohanian
Net Worth $40 Million
Birth Date 24 April 1983
Nick Name Lex
Age 39 Years Old
Birth Place Brooklyn, New York, US
Religion Christian
Nationality American
Ethnicity White
Education University of Virginia (BA in History) (BS in Commerce)
Zodiac Sign Taurus
Father’s Name Chris Ohanian
Mother’s Name Anke Ohanian
Siblings N/A
Height 6 ft 3 inches (193 cm)
Weight 171 lb (78 kg)
Sexual Orientation Straight
Hair Color Black
Eye Color Hazel Brown
Tattoo None
Chest 42 in
Waist 34 in
Biceps 12 in
Profession Entrepreneur, Venture Capitalist, Author, Investor
Marital Status Married
Wife/Spouse Serena Williams (m. 2016)
Children Alexis Olympia Ohanian
Hobbies Sports, Pets, Music
Active Since 2005
Awards Forbes‘ ’30 Under 30’, Crain’s ’40 Under 40′, 2016 Fast Company’s ‘Most Creative People in Business
Endorsements Fiverr, Dove
Associations Reddit, Initialized Capital, Y Combinator, Hipmunk, Breadpig, Angel City FC
Social Media Twitter, Facebook, Instagram
Last Update 2022

Alexis Ohanian: Income and Net Worth

Alexis Ohanian has a net worth of $40 million, primarily accumulated through his entrepreneurial ventures and investment.

Also, he had grown his assets considerably from 2015 when he had a net worth of $5 million.

Ohanian and co-founder Steve Huffman had received a seed funding of $12,000 for Reddit.

However, the pair sold it in 2005 to Conde Nast Publications for about $10- $20 million.

He has investments in 5 Decacorn companies and 16 Unicorn companies and earns a healthy return.

Similarly, he reportedly earns $12.44 per book from the sales of his book “Without Their Permission: How the 21st Century Will Be Made, Not Managed.”

Alexis Ohanian: Cars and Houses

Cars

Ohanian is considered a car fanatic and has multiple luxury cars.

He has a $90,000 Tesla Model S luxury car. The stylish electric car can be driven up to 335 miles on a single charge.

However, Ohanian was penalized a $131 fine ticket by a Florida Highway Patrol Trooper for high speed. The tech guru was traveling at the speed of 79 mph in Tesla.

Similarly, he owns a $100,000 Lincoln Navigator SUV. The turbocharged giant features a powerful engine, along with solid handling and good fuel economy.

In 2019, Ohanian surprised his father with the 1966 Ford Mustang, his dream car.

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Houses

Before becoming the millionaire, Ohanian used to sleep in furniture purchased from Craiglist’s free section.

Besides, he lives in a 6000-sq-feet Beverly Hills mansion with his wife Serena Williams and daughter.

Further, the couple moved into this house when they sold their LA house for £6.2 million in 2017.

The lavish £5.1 million residence features five bedrooms, seven bathrooms, a swimming pool, a wine cellar, a game room, and a massage room.

Alexis Ohanian: Lifestyle and Vacations

Lifestyle

Ohanian was famously pictured wearing a t-shirt reading “GREATEST FEMALE ATHLETE,” supporting his wife Serena Williams and aiming to undermine critics.

Further, he uses a Macbook Pro and Blue Microphones for creating his podcast.

Similarly, Ohanian supports his wife by regularly going to her games all over the world.

The tech guru also watches sports such as American Football, soccer, etc., and likes to bowl.

In addition, he wears an Audemars Piguet Royal Oak Offshore Chronograph watch which costs $60k – $240k.

Again, Ohanian’s go-to pair of sneakers is the Jordan 1 Pinnacle Vachetta Tan. He also wears a lot of Adidas, Onitsuka Tigers, and Creative Recreation.

In fact, his first major purchase from the sale of Reddit was a front-row season ticket for the NFL team Washington Redskins.

Vacations

Ohanian was recently in Rome, Italy. It’s the same place where he met his wife Serena Williams in 2015, before her first Italian open match.

There, he was sitting at a table that was meant to be used by Serena.

Further, she initially tried to move him by telling him that there was a rat under the table, but eventually, they ate together, starting a beautiful relationship.

Similarly, in 2017, Ohanian rented New Orleans’ upscale Ace Boutique Hotel for a brunch party to celebrate his marriage.

The party had a buffet, Gatorade, and classic videogame arcade machines to play games such as Pac-Man and Super Mario.

Alexis Ohanian in the Star Wars ride with his family
Alexis Ohanian in the Star Wars ride with his family

Likewise, in 2021, he went to Luna Park with his family to ride on a roller coaster ride.

Further, it was the first ride for his daughter Alexis Olympia, and she thoroughly enjoyed the ride.

Alexis Ohanian: Charity

In 2012, Ohanian worked with Lester Chambers to organize a Kickstarter project to create the album “Lester’s Time Has Come,” raising $61,000.

He raised $12,244 for the non-profit organization “Black Girls Code” using Tilt.com.

Further, he launched “Save Net Neutrality: Billboard in FCC’s Backyard,” a campaign to protest the idea of net neutrality.

Similarly, in 2019, he invested $3 million into a childcare startup, Kingside.

He is an activist for racial equality and made his efforts to have black representation in Reddit.

In addition, he did so by resigning from its board, enabling Michael Seibel, an African-American entrepreneur, to be appointed.

Similarly, in 2010, he visited Armenia and worked there for three months in microfinancing with a not-for-profit organization ‘Kiva.’

Correspondingly, the mentioned organization supports small businessmen and students through the Internet.

Ohanian is an advocate for paternity leave and is determined to bring federal paid family leave legislation to all parents.

Alexis Ohanian: Media, Endorsements, Investments, and Book Publications

Media and Movies

Ohanian has appeared as an actor in the movie Sharkando 3: Oh Hell No! and the TV series SMBC Theater.

Similarly, the tech guru has been cast as himself in Machine Learning: Living in the Age of AI, 100 Years from Home, On The Money, Today, etc.

Ohanian spoke at a TED Talks program in 2009, talking about a whale named Mister Splashy Pants.

He operated a weekly online series Small Empires with Alexis Ohanian with The Verge for nine episodes.

Further, he discussed the rising startups of New York City.

Correspondingly, in 2018, Lex began hosting a weekly online series for The Verge called “Small Empires with Alexis Ohanian.”

Likewise, on May 21, 2020, he provided the Commencement Address for the 2020 batch of John Hopkins University.

Similarly, Ohanian was featured in a Twitch live stream in Alexandria Ocasio Cortez’s channel, where he gave his thoughts on the Gamestop Short Squeeze.

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Podcasts

In 2014, he started the NYRD Radio Podcast, featuring Office Hours, where entrepreneurs could discuss ideas with him.

Also, Ohanian created the podcast “Upvoted” in 2015 with Reddit to discuss the real stories available on Reddit and talk to its users.

He initiated “The Business Dad Podcast” in 2020, where he talks to successful men in business, sports, etc., to find out their parental experience and work-life balance.

Endorsements

In 2021, Ohanian worked with Fiverr to boost Four Seasons Total Landscaping and five other businesses by providing them with $1000 of Fiverr credit.

Similarly, he has also been associated with Dove men care to promote paid paternity leave in the US.

Investments

In 2010, he established Initialized Capital, a venture capital fund, making seed investments in promising start-ups.

In addition, they made investments in Instacart, Opendoor, Cruise, Wearetoms, culdesac, eclipse foods, Skyweaver game, etc.

Similarly, Ohanian is a leading founding member of Angel City Football Club, an initiative to develop women’s football containing investors such as Natalie Portman, Eva Longoria, and Mia Hamm.

Further, he has been the executive producer of the 2018 documentary The GameChangers 2015’s Small Empires.

Ohanian has launched a brandy by the name of Shakmat to honor his Armenian roots.

Besides, they make the 23-year-old brandy through various indigenous grapes in local Caucasian oak barrels.

Besides, he has invested $4 million in photo-sharing app Dispo.

Book Publications

In 2013, Ohanian published a #4 best-selling book named “Without Their Permission: How the 21st Century Will Be Made, Not Managed.”

Further, in the book, he discusses how one can harness the power of the internet for good deeds and provides practical suggestions for aspiring entrepreneurs.

Similarly, Ohanian has also written a chapter in Tim Ferriss’s book Tools of Titans, where he provides advice.

Alexis Ohanian: Career

Ohanian began his career after graduation in 2005 as he pitched the idea of MyMobileMenu with his friend Steve Huffman to Y Combinator, a seed investment company, and it was a success.

Then, Lex came up with the idea of reddit.com to become the front page of the internet.

Similarly, he eventually sold it, but his work with Reddit has led him to success over the years.

In 2007, he founded the company ‘Breadpig’ to sell geeky products and help charities by donating much of its revenue.

Also, he founded the travel website in ‘Hipmunk’ in 2010 and is now its advisory member.

Alexis Ohanian in an interview
Alexis Ohanian, in an interview

Similarly, Ohanian has also acted as a Y Combinator partner and helped create Initialized Capital in 2011, acting as its managing partner before leaving in 2020.

Recently, he has filed for a new $150 million venture capital fund named Seven Seven Six, referencing the date of the first Olympics in 776 BC.

He is focused on making investments in promising startups and soon hopes to become a self-made billionaire.

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3 Facts about Alexis Ohanian

Alexis Ohanian is the fourth most famous person of American- Armenian descent. The only people ahead of him are Kim, Kourtney, and Khloe Kardashian.

General Motors purchased one of his early startup investments ‘Cruise’ for over $1 billion, including cash and stocks.

As a teenager, Ohanian earned his living by working as a dishwasher in Pizza Hut.

Social Media Presence

Ohanian is a frequent social media user. He regularly posts updates relating to his investments, family, travels, and interests.

Twitter – 406.3k followers

Facebook – 42.5k followers

Instagram – 710k followers

Quotes

“We don’t even realize something is broken until someone else shows us a better way… “

“Find People Who Give a Damn; Hire Them; Repeat …”

“When sharing anything you’ve created with the world, you have to assume at the start that no one gives a damn about it.”

“We don’t even realize something is broken until someone else shows us a better way.”

FAQs

What is the value of Reddit?

As in 2021, Reddit is valued at a whopping $6 billion.

What is the net worth of Serena Williams?

Tennis star Serena Williams has a net worth of $225 million in 2021.

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