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Ohanian's $250K chess club move—genius parenting or just another rich dad flex?

The widely circulated family portrait of Serena Williams and Alexis Ohanian is the one right after the birth of their second daughter, Adira Ohanian. Olympia is seen posing with a toothy smile while her mother holds the new bundle of joy wrapped in the baby blanket. What was the Reddit cofounder doing? He was sitting beside his wife and daughters, looking at his small family with love and adoration in his eyes. The Angel investor has been in legacy mode since he started his family with the tennis legend. And the seeds he planted very early for his daughters have finally started reaping the benefits he thought of!

What does every father want for his children? For them to be secure enough to follow their dreams without any hiccups. And Ohanian is no different from the millions of fathers out there who are working for their families. However, the way Ohanian ensured financial security for his daughters is a master-stroke, which many might not have accomplished.

Back in 2021, Ohanian invested $250k through funds for his then one daughter, or rather any future children he might have. But the news that followed as the outcome of this investment was – Olympia became the youngest owner of a professional sport. Fast forward to 2024, not only Olympia, but her younger sister Adira too, has become a “multimillionaire.” The angel investor made the world aware of his recent success through X, as he detailed his thought process behind early investment.

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Ohanian does not doubt his kids making it big in life, but as a father, nothing matches the happiness of ensuring all the facilities for his kids in the future. He said, “That’s a part that makes me feel really good. Saw something early, obviously my kids are gonna be fine. But I mean the point of my life, where I’m in legacy mode, and the two people who I care the most about are these little kids. So that feels good”

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Ohanian has always focused on uplifting women’s sports, and Angel City FC marked the beginning of his journey. It’s not just Olympia and Adira who have been ringing success bells these days. Angel City FC has also gained in terms of value, with Willow Bay and Bob Iger acquiring the majority stake for $250 mn. Everything seems to be going right for the hands-on father, whose focus is to make the world a better place for his and everyone’s daughters. Moreover, the father of two never shies away in crowning the mother of his daughters as the super hero.

Alexis Ohanian lays his soul bare as he opens up about the “two greatest gifts” of his life

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Ohanian's $250K chess club move—genius parenting or just another rich dad flex?

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He cooks for his daughters; he plays with them; he ensures that their lives are secure, and above all, he is doing his bit to improve the women’s sports world. And everyone would start counting his success right from co-founding Reddit to making it big in women’s sports, just to prove the point that he has been gifted. However, for the father of two, the greatest gifts of his life are his daughters and his wife.

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Ohanian gushed, “This woman’s a superhero, and it’s not for the tennis stuff, it’s not for all the other things. It’s because I mean it is, but the real reason is because these two humans are the greatest gift I could have ever gotten. And like, I will always always feel indebted for that, because I didn’t do anything. I mean, I showed up for, you know, a few minutes. It was great work, but I really didn’t do anything.”

The business-hands-on-father has been moving mountains from the very moment he laid his eyes on Olympia. Though the foundation was certainly laid the moment, he watched Williams play on the tennis courts.