Serena Is The first Athlete On World’s Richest Self-Made Girls
It goes with out saying that Serena Williams is a winner, however in case you weren’t certain, the 23-time Grand Slam champion has been named one in every of Forbes’ “Richest Self-Made Girls” due to her estimated fortune of $225 million!
FYI: Serena is the primary athlete ever to make Forbes’ annual record of the World’s Richest Self-Made Girls!
Apart from being a magnificence on the duvet of Forbes’ June Particular 2019 challenge, the tennis icon and busy mother of 22-month-old cutie Olympia, chatted with the journal about her life as a boss.
It seems, Serena has quietly been investing cash into 34 startups over the previous 5 years.
In April, the 37-year-old opened her funding entity, Serena Ventures, to deal with funding corporations run by girls and minorities. So far, out of an estimated $6 million whole invested, 60% of her investments have gone to WOC/POC—and naturally, herself!
“I need to be part of it,” Serena mentioned to Forbes. “I need to be within the infrastructure. I need to be the model, as a substitute of simply being the face.”
ICYMI: In Might 2018, launched S by Serena, a clothes line with objects priced underneath $200, funded by her personal cash.
“I used to be pondering of this the incorrect approach. I needed to put money into myself,” she shared after deciding to now not wished to attend for somebody to fund an organization for her to design clothes.
With a New York Style Week present and superstar pals together with Meghan Markle noticed sporting her trend, success was inevitable!
As for investing in others, Serena is cautious after taking a lack of $250,000 earlier than Serena Ventures. “I discovered you may’t overspend, however I additionally discovered that I really like seed investing.”
Even with a loss, she’s clearly discovered from her errors and is making main cash in investing.
“It’s enjoyable to get in there. I don’t gamble. I don’t soar off buildings,” she shared. “I’m probably the most non-taking-a-chance sort of an individual, however I felt like seed was the place we wished to be.”
After all, she has assist from her Reddit co-founder husband, Alexis Ohanian, whom Forbes estimates is price $70 million on his personal.
“I’ve been actually leaning on Alexis,” Serena mentioned. “I’d wish to name us a extra fashionable enterprise household,” she added about their joint love for investing.
“She is set to be nice at the whole lot she does,” Alexis expressed.
As for what’s subsequent for the profitable businesswoman? This 12 months, Serena plans to launch an S by Serena jewellery line with a magnificence line within the works for 2020.
“I need to create a model that has longevity, sort of like my profession,” she defined. “It’s not fancy, it’s not right here, it’s not out, it’s not fashionable, it’s a staple, like my tennis recreation.”
In line with Serena Ventures, their present portfolio worth is at greater than $10 million and double the preliminary funding. That is some critical #BlackGirlMagic!
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(Photograph: Dimitrios Kambouris/Getty Pictures for The Met Museum/Vogue)
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