Alexis Ohanian’s Net Worth—Reddit Co-Founder Reportedly Joins Bid To Buy TikTok

Reddit (RDDT) co-founder Alexis Ohanian has made millions from his entrepreneurial ventures and investments. Now he’s joining billionaire Frank McCourt’s bid to acquire U.S. operations of China-based social media app TikTok,.

Ohanian joined former Los Angeles Dodgers owner McCourt and his nonprofit Project Liberty’s bid as a strategic advisor specializing in social media, per Reuters.

An investor, entrepreneur and the husband of tennis legend Serena Williams Ohanian has founded multiple venture capital firms and has been an early investor in several successful tech startups. Ohanian has an estimated net worth of $150 million, according to Celebrity Net Worth.

Here’s how Ohanian made his millions.

Reddit

Ohanian co-founded the social media platform Reddit in 2005 with Steve Huffman, who is the current CEO of the company. Ohanian and Huffman were college roommates at the University of Virginia and founded Reddit shortly after graduating. A year after it was founded, Ohanian and Huffman sold Reddit to Condé Nast Publications for an estimated $10 million, according to a series of posts by Ohanian on the social media app X in 2020.

Ohanian left Reddit in 2009 and rejoined in 2014 as executive chairman. Ohanian stepped down in 2020 and asked to be replaced by a Black candidate as a push for diversity in tech. Ohanian was replaced on the board by Michael Seibel, who was the CEO of Y Combinator at the time.

Ohanian said in a post on X from February 2024 that he still had some shares in Reddit from his time as executive chair.

Reddit went public in March 2024 with a valuation of $6.4 billion.

Venture Capital Fund and Other Investments

Ohanian has invested in a host of tech startups, among them 40 unicorns—including Instacart, Coinbase Global (COIN), Hubspot (HUBS), Opendoor Technologies (OPEN), Patreon, and Impossible Foods.

A number of those investments (such as Instacart, Coinbase, and Patreon) were through venture capital firm Initialized Capital, which Ohanian co-founded in 2012 and left in July 2020.

In September 2020, Ohanian founded 776, a VC firm. The firm has nearly $1 billion in assets under management, and is invested in startups such as the crowdfunding platform Kickstarter; LA Golf Club; and YouTube content creator MrBeast‘s snack company Feastables and MrBeast Industries, among others.