Steve Huffman, often referred to as “spez,” was born in 1983 in Virginia, USA. He developed an early interest in computers and programming, which led him to study computer science at the University of Virginia. It was during his time at university that he first encountered the concept of social news aggregation websites, which would later inspire his most notable creation.

In 2005, Huffman, along with his roommate Alexis Ohanian, created Reddit. The platform was initially launched as a way to combat the lack of interesting content on the internet, allowing users to submit and vote on content, with the most popular submissions rising to the top. This unique concept quickly gained traction, and within a few years, Reddit had become one of the most popular websites on the internet.

Reddit Owner’s Current Net Worth (2025)

As of 2025, the latest available information estimates Reddit’s owner, Steve Huffman, has a net worth of approximately $1.5 billion. This significant increase from previous years is largely attributed to Reddit’s continued growth and success in the tech industry.

Career

Steve Huffman, often known as “spez,” co-founded Reddit in 2005 with Alexis Ohanian. Initially serving as the company’s CEO, Huffman stepped down in 2009 but returned in 2015 to lead Reddit through its next phase of growth. He has been instrumental in shaping Reddit’s culture and community, making it one of the most popular social news aggregation platforms today.

Other Ventures

Before Reddit, Huffman worked at Reed Hastings’ startup, Alma Mater, which was later acquired by Facebook. After leaving Reddit in 2009, he co-founded Hipmunk, a travel search engine, which was acquired by SAP Concur in 2016. Huffman’s entrepreneurial spirit and success in the tech industry have made him a prominent figure in Silicon Valley.

Assets

Huffman’s primary asset is his majority stake in Reddit, which he co-founded. As of 2025, Reddit is valued at over $6 billion, making it one of the most valuable social media platforms globally. Huffman also owns a significant amount of real estate, including properties in San Francisco and Los Angeles.

Annual Income

As the CEO of Reddit, Huffman’s annual income is substantial. However, the exact figure is not publicly disclosed. According to industry estimates, his annual compensation could be in the range of $10-20 million, given Reddit’s size and success. This figure can vary year to year based on the company’s performance and Huffman’s equity holdings.

Frequently Asked Questions about  Reddit Owner

Frequently Asked Questions about Reddit Owner’s Net Worth

1. Who is the current owner of Reddit?

As of 2021, the current owner of Reddit is Steve Huffman, also known as “spez”. He co-founded Reddit with Alexis Ohanian in 2005.

2. What is the net worth of the Reddit owner?

The latest estimated net worth of Steve Huffman is around $1.5 billion.

3. How did Steve Huffman become the owner of Reddit?

Steve Huffman and Alexis Ohanian co-founded Reddit in 2005. In 2009, Condé Nast Publications acquired Reddit, but Huffman and Ohanian remained involved. In 2015, they bought Reddit back from Condé Nast and have been running it since.

4. How much was Reddit sold for in 2015?

In 2015, Steve Huffman and Alexis Ohanian bought Reddit back from Condé Nast for an estimated $2 million.

5. How much was Reddit valued at during its peak?

As of 2021, Reddit’s valuation has reached over $6 billion during its peak.

6. What is Steve Huffman’s role at Reddit?

Steve Huffman serves as the CEO of Reddit.

7. How has Steve Huffman’s net worth changed over time?

Steve Huffman’s net worth has significantly increased over the years, primarily due to Reddit’s growth and success. However, the exact figures and changes over time are not publicly disclosed.

8. What is Alexis Ohanian’s net worth?

The latest estimated net worth of Alexis Ohanian, the co-founder of Reddit, is around $750 million.

9. How does Steve Huffman’s net worth compare to other tech CEOs?

Steve Huffman’s net worth is comparable to other successful tech CEOs. However, it’s essential to consider that net worth can fluctuate and may not directly reflect the success of a company or individual.

10. What are some of Steve Huffman’s other ventures besides Reddit?

Besides Reddit, Steve Huffman has not been publicly associated with other significant ventures. He has expressed his focus on growing and improving Reddit.