Serena Williams and Alexis Ohanian Teach Daughter Financial Responsibility with $7 Weekly Allowance

Tennis champion Serena Williams and tech entrepreneur Alexis Ohanian are taking a hands-on approach to teaching their daughter about money, starting with a $7 weekly allowance.

In a video posted to X on April 24, Ohanian revealed that their 7-year-old daughter Olympia earns her allowance by completing chores five days a week, including feeding the dog, putting clothes in a hamper, and making her bed. “She gets $7 a week. Serena was her lawyer in the negotiation,” Ohanian said. “I drew up a real contract ... Her mom was her counsel, which was really frustrating.”

Young kid getting money from an adult | Source: Pexels

The couple, despite their substantial wealth, say they aim to instill values of discipline and responsibility in their children. Williams, with an estimated net worth of $340 million, and Ohanian, whose net worth was estimated at $70 million in 2019, are both active startup investors.

According to Ohanian, Olympia once saved $100 on her own but needed $125 for a watch. “We’re trying to create that flywheel between doing the work and getting the money,” he explained. “We’re trying to build the muscle: work = reward.”

Person putting money in a piggy bank | Source: Pexels

The couple also has a younger daughter, Adira, aged one. Both Williams and Ohanian started working young — Williams turned pro in tennis at 14, and Ohanian co-founded Reddit at 22, selling it to Condé Nast at 23.