- Co-founder of Reddit
- $8.3+ million Reddit monthly revenue
- Published August 12, 2020 by Niall Doherty
How does Alexis make money online?
Alexis is the co-founder of Reddit, one of the biggest websites in the world.
Reddit is basically a collection of message boards on various topics. Users can vote topics and comments up or down, so the best stuff generally rises to the top.
Here’s a video explanation:
Alexis has also made money online in various other ways – you can read about them on his website – but I’m just going to focus on Reddit here.
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How much money does Alexis make?
In short: a lot.
Forbes estimated Alexis’ net worth as $70 million in 2019.
Meanwhile, CNBC reported in 2018 that Reddit was on course to generate $100 million in revenue for the first time that year, primarily from advertising. That works out to $8.3+ million in monthly revenue.
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How did Alexis get started?
After graduation from the University of Virginia in 2005 with degrees in commerce and history, Ohanian and friend Steve Huffman pitched the idea MyMobileMenu to Y Combinator.
The company passed on the idea, but encouraged the duo to come up with another idea it could potentially fund. They subsequently came up with reddit.com with the goal of it becoming the “front page of the Internet.”
Reddit joined Y-Combinator’s first batch of start-ups in the Summer of 2005 and were later acquired by Condé Nast in 2006 for an undisclosed amount between 10–20 million dollars.
This video gives some nice insight into how Alexis and Steve started Reddit:
What type of online business does Alexis have?
Other ways to make money online
There are many other ways to make money online, to work from home or anywhere in the world.