Serena Williams and Alexis Ohanian have made headlines once again, this time for securing their daughters’ financial futures through a savvy investment.
The couple, known for their commitment to their children’s well-being, has managed to turn a $250,000 investment into a fortune for their two young daughters, Alexis Olympia Ohanian Jr. and Adira River Ohanian.
The story begins with their first child, Olympia, who made history at just two years old by becoming the youngest owner of a professional sports team. Olympia was listed as an investor alongside her parents in Angel City, a National Women’s Soccer League (NWSL) team based in Los Angeles, California.
At the time, Alexis Ohanian expressed his motivation behind the investment, saying, “As someone who spends hours kicking around a football with my two-year-old daughter, I want her to have a front-row seat to this revolution. I’m personally investing on behalf of my family because creating more opportunities in women’s sports is important to my wife and me, and we want to be a part of making a better future for our daughter.”
In August 2023, the couple welcomed their second daughter, Adira River Ohanian. Just like her older sister, Adira quickly became a team owner before even reaching her first birthday. She joined her sister Olympia as an investor in Tiger Woods and Rory McIlroy’s tech-driven golf league, TGL, and became an owner in Angel City as well. This made Adira the youngest owner of not one, but two professional sports teams.
These remarkable achievements were made possible through a trust set up by Ohanian, who recently discussed the decision on the podcast “The Twenty Minute VC (20VC),” hosted by Harry Stebbings. Ohanian explained how the investment strategy has already turned his daughters into multi-millionaires.
“The smartest thing I did was I asked our LPac,” Ohanian said during the podcast. “I said, ‘Listen, I believe it’s going to help this deal a lot if I can invest $250,000 personally via a trust for my daughters because of the storytelling around (at the time), ‘Serena and Alexis’ daughter is the youngest owner in pro sports.’ That’s gonna be valuable for helping us tell the story… It’s good marketing.”
Ohanian emphasized that the trust was not just for Olympia, but for all of their future children. “So the good news is I set that up. It’s not just for Olympia but all of our future kids… And they’re now actually, because of this latest round, they’re literally multi-millionaires because of that one investment four years ago,” he explained.
Reflecting on the success of the investment, Ohanian expressed pride in his foresight and the impact it will have on his daughters’ lives. “There’s a part of that that makes me feel really good, which was like, ‘Hey, I saw something early.’ Obviously, my kids are gonna be fine. But I’m in the point of my life where I’m in the legacy-building mode, and the two people who I care the most about are these little kids. So that feels good,” he added.
This strategic move not only highlights the couple’s dedication to their daughters’ futures but also underscores their broader commitment to advancing opportunities in women’s sports. By investing early and wisely, Serena Williams and Alexis Ohanian have set their children on a path of financial security and involvement in the sports world, securing a legacy that will undoubtedly inspire others.