Reddit Co Founder Net Worth (Updated 2025).
Steve Huffman, better known as “spez,” was born in 1983 and grew up in the small town of Baltimore, Maryland. From an early age, he showed a keen interest in computers and programming, often spending hours tinkering with code and building his own software. This passion led him to study computer science at the University of Virginia, where he honed his skills and developed a deep understanding of web development.
In 2005, while still a student, Huffman met Alexis Ohanian, his future co-founder, in a university chat room. The two bonded over their shared love of programming and the internet, and they soon began brainstorming ideas for a new website. After considering several concepts, they settled on the idea for Reddit, a social news aggregation and discussion website that would allow users to submit and vote on content. Huffman, with his technical expertise, took the lead on building the platform, and in June 2005, Reddit was launched.
Reddit Co-Founder’s Current Net Worth (2025)
As of 2025, the latest available information estimates the net worth of Reddit’s co-founder, Alexis Ohanian, to be around $700 million. This significant wealth is primarily attributed to his stake in Reddit, which he co-founded with Steve Huffman in 2005.
Career
Alexis Ohanian, born in 1983, is an American entrepreneur and investor. He co-founded Reddit, the social news aggregation and discussion website, with Steve Huffman in 2005. Ohanian served as the Executive Chairman of Reddit until 2018. Prior to Reddit, he worked at a tech startup called R0k Capital Management. In 2017, he co-founded Initialized Capital, a venture capital firm.
Other Ventures
Besides Reddit and Initialized Capital, Ohanian has been involved in various other ventures. He co-founded the venture capital firm Khosla Ventures in 2004. In 2010, he co-founded Hipmunk, a travel search engine, which was later acquired by SAP Concur in 2016. He has also made numerous personal investments in startups like Uber, Airbnb, and Instacart.
Assets
Alexis Ohanian’s assets primarily include his stake in Reddit, which is estimated to be around 10%. He also has significant investments in various tech startups through Initialized Capital and his personal investments. Ohanian is known for his philanthropic efforts, having donated to various causes, including a $1 million donation to the American Civil Liberties Union (ACLU) in 2017.
Annual Income
The exact figure of Alexis Ohanian’s annual income is not publicly disclosed. However, as of 2021, it was estimated that his annual income from Reddit alone could be around $10 million, based on his stake in the company and its valuation. This figure can vary significantly year to year due to changes in the company’s valuation and Ohanian’s personal investments.
Frequently Asked Questions about Reddit Co Founder
**Frequently Asked Questions: Reddit Co-Founder Net Worth**
1. Who are the co-founders of Reddit?
Reddit was co-founded by Steve Huffman (also known as ‘spez’) and Alexis Ohanian in 2005.
2. What is the net worth of Reddit’s co-founders?
As of the latest estimates, Steve Huffman has a net worth of $1.6 billion, while Alexis Ohanian’s net worth is around $700 million.
3. How did they start Reddit?
Huffman and Ohanian started Reddit while they were roommates at the University of Virginia. They launched the site in 2005 and it was later acquired by Condé Nast Publications in 2006.
4. What is Reddit’s business model?
Reddit generates revenue through advertising, including display ads and sponsored posts. It also offers premium memberships with additional features, known as Reddit Premium.
5. How has Reddit grown over the years?
Reddit has grown significantly since its launch, with over 52 million daily active users as of 2021. It’s often referred to as the ‘front page of the internet’ and has a significant impact on popular culture and trends.
6. Have the co-founders sold their shares in Reddit?
After the acquisition by Condé Nast, Huffman and Ohanian did not sell their shares. They remained involved with the company, with Huffman serving as CEO from 2015 to 2020 and Ohanian as Executive Chairman until 2018.
7. What other ventures have the co-founders been involved in?
After Reddit, Huffman co-founded the live streaming platform Hipmunk, which was acquired in 2016. Ohanian co-founded the venture capital firm Initialized Capital and has been involved in various other startups and investments.
8. How have the co-founders contributed to the tech industry?
Huffman and Ohanian are often credited with creating one of the first social news aggregation platforms, which has influenced the design and functionality of many other websites and apps. They have also been vocal advocates for internet freedom and net neutrality.
9. What is the relationship between the co-founders today?
Huffman and Ohanian remain close friends and continue to collaborate on various projects. They have both spoken publicly about their friendship and the impact Reddit has had on their lives.
10. How can I contact the Reddit co-founders?
While it’s not easy to contact the co-founders directly, you can try reaching out to them on their verified social media profiles. Huffman is active on Twitter (@spez) and Ohanian is active on Twitter (@alexisohanian) and Instagram (@alexisohanian).
