In 2020, Alexis Ohanian made waves with a groundbreaking $250 million investment in women’s sports. Aka, a bold move for her family, especially his daughters. While Serena Williams dominated the tennis courts at that time, Ohanian took charge off the court, laying the groundwork for a brighter future for their daughter, Olympia. Ohanian’s insights shed light on the motivations behind these investments, aptly describing the move in one word!
In an August 7th episode of the podcast ‘The Twenty Minute VC (20VC)’ hosted by Harry Stebbings, Ohanian revealed that he had invested $250,000 through a trust in 2020. This investment has already made Olympia and Adira multi-millionaires. As a happy parent and investor, Serena Williams’ husband took to his Instagram Story and reposted a clip having the behind-the-scenes of the legacy-building move.
In the post, the father of the two wrote, “Building the legacy for our girls.” In the clip, he stated, “So, the smartest thing I did was I asked our LPAC. I said, Listen, I believe it’s going to help this deal a lot if I can invest 250k personally via a trust for my daughters, because the storytelling around “hey, look, Serena and Alexis’s daughter is the youngest owner in Pro Sports.” That’s going to be valuable for helping us tell the story.”
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View this post on Instagram A post shared by 20VC HQ (@20vchq)
Olympia became the youngest co-owner in professional sports history when her parents gifted her a share in the Los Angeles-based women’s soccer team Angel City FC, with her father Alexis Ohanian becoming the team’s lead investor in 2020 to ensure her ongoing involvement. “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,” Ohanian had revealed. Three years later, she added another feather in her cap!
Last year, Olympia, 5 at that time, became a part-owner of the Los Angeles Golf Club. This team is part of the innovative TGL, a tech-infused golf league founded by Tiger Woods and Rory McIlroy. “Announcing my fellow co-owner of @wearelagc… @olympiaohanian! Olympia is the youngest owner in professional sports (@weareangelcity) and is now the youngest 2-team owner in professional sports. She’ll be joined by her future sibling,” Alexis wrote on Instagram. At the time, Serena and Alexis Ohanian Sr. were expecting their second child, Adira, who is now a partial owner of the team.
And the now 7-year-old is too innocent to realize all this. In a conversation with PEOPLE, Ohanian reflected on the same, saying “Right now all Olympia knows is that Angel City FC is our team, and she loves cheering for them. I think as she gets older, maybe she’ll come to see the different layers to it.” Subsequently, Ohanian also highlighted, “Obviously, being the youngest owner of pro sports is pretty fun, but she doesn’t actually understand that she is the youngest owner in pro sports.”
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Furthermore, a few months prior, Olympia’s father expressed his delight at her momentous achievement as the youngest sports owner of 2022.
Serena Williams’ husband gushes over Olympia’s little achievement
A few months ago, Alexis Ohanian shared an old video of himself and Olympia during an Angel City FC game on his X page, sharing a touching experience. Olympia was beaming in the video when the stadium’s big screen introduced her as the “Youngest Owner of a Pro Soccer Club.” Looking into that, Olympia became shy and buried her face in her father’s neck as the audience applauded.
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Ohanian reflected on the happy occasion in a tweet, saying, “I just stumbled on this old video, and it made me smile.” Moreover, the video dates back to the 2022 NWSL draft in April, capturing an unforgettable milestone. On the other hand, not only has she been attending soccer games with her father but also slowly learning the essence of her role in the team.
Nevertheless, what are your thoughts about Olympia being the youngest owner in the pro sporting world? Do let us know in the comment section below.
Serena Williams’ Husband Alexis Ohanian Recently Boasted About Thoughtful Move That Sparked ‘Multi-Millionaire’ Legacy for Daughters
