This Is The Valuable Piece of Financial Advice That Serena Williams Got From Her Father
Professional tennis player Serena Williams knows that parents really do give the best advice. After all, she received one crucial suggestion about money from her dad that had stuck with her until now.
With over 20 Grand Slam singles titles under her belt, Serena is truly living the best life. However, she is not one to blow her fortune through the roof, thanks to her doting father, Richard Williams, who always told her tales about athletes losing their money.
The 38-year-old’s father explained to young Serena how important it is to make wise money decisions once she becomes successful. Furthermore, the patriarch advised her daughter not to buy everything around her.
Thankfully, Serena embraced the piece of advice wholeheartedly. Despite receiving a helpful tip from her father, the mom of one still wishes she could have learned about other financial concepts when she was younger.
Specifically, the athlete wanted to grasp the idea of banking and what good investing would do. Moreover, Serena would have loved to learn about the advantages and disadvantages of a savings versus a checking account.
Had she known about these important things earlier, Serena believes she would have made better money decisions. Because of this realization, the sports star is already rubbing some of her financial knowledge to her child, Alexis Olympia, whom she shares with husband Alexis Ohanian, Reddit founder.
The child may only be 3 years old but Serena is already teaching her some of the basics of finances. The mom told her toddler that she would have to pay for something if she breaks it, which is a smart way of teaching the little one about responsibility.
Net Worth
According to Celebrity Net Worth, Serena is sitting on a $200-million fortune, thanks not just to her tennis-playing skills but also her business acumen and lucrative deals with big brands. With this vast amount, she is the highest-paid earning female athlete.
The athlete launched a clothing line called S by Serena that sells from dresses to bottoms to face masks. Moreover, Serena also has a venture capital firm, Serena Ventures, which has funded over 30 startups since its inception in 2014.
Serena’s firm is primarily focused on helping budding businesses founded by women and minorities, which is in line with its goal: to be inclusive.
Meanwhile, her husband, Alexis, has an estimated net worth of $9 million. The tech genius founded the famous discussion forum website Reddit with Steve Huffman.
More in financial advisor
-
`
Remote Work: Managing Your Finances in a Post-Pandemic World
Remember the golden age of work-from-home bliss? No commute, comfy PJs all day, and a fridge perpetually stocked with your favorite...
December 31, 2023 -
`
The Power of Apps That Help Manage Finances & Savings
Understanding money can be tricky, even for grown-ups! You might have heard about saving money and managing finances, but it’s not...
December 23, 2023 -
`
Italian Luxury Car Brand Lamborghini Reveals ‘One-Of-A-kind’ Masterpiece
Lamborghini, a name synonymous with luxury and high performance, marked its 60th anniversary with a stunning revelation – the Revuelto ‘Opera...
December 23, 2023 -
`
The Rise of LVMH to a $500B Luxury Powerhouse
In the world of luxury brands, LVMH Moët Hennessy Louis Vuitton stands as a colossus, embodying the pinnacle of opulence and...
December 8, 2023 -
`
How To Travel the World Using Credits
Traveling can be an exhilarating and enriching experience, but it can also be expensive. However, with the right strategies and planning,...
December 3, 2023 -
`
Amazon’s $4 Billion Investment in Anthropic
In a move highlighting the intensifying battle in the tech industry, Amazon recently announced its substantial investment of up to $4...
November 24, 2023 -
`
Is the Future of Shopping Cashless?
The way we shop has significantly transformed in recent years, thanks to the rise of cashless payments. Traditional methods of exchanging...
November 18, 2023 -
`
Jeff Bezos and Lauren Sánchez’s $500 Million Superyacht
Set your course for a journey into the world of maritime magnificence as we unveil the $500 million superyacht belonging to...
November 11, 2023 -
`
Unlocking True Sustainability in Business and Finance
In the race towards a greener future, businesses and financial institutions have been progressing at a snail’s pace despite their public...
November 5, 2023
You must be logged in to post a comment Login