What is Steve Huffman’s net worth?
Steve Huffman is the co-founder and CEO of Reddit and the co-founder of the website Hipmunk.
He was born on November 12, 1983, in Lansing, Michigan, USA.
Huffman began programming computers at age 8.
Steve went to Wakefield School in The Plains.
In 2005, Steve graduated from the University of Virginia.
In June 2005, Huffman founded Reddit with his college roommate, Alexis Ohanian — the husband of Serena Williams. The team expanded to include Christopher Slowe in November 2005.
Note – Reddit, the self-described “front page of the internet,” is a social media website that allows users to share news and content or vote on content that other users have submitted. It currently ranks as the 18th-most-visited website in the world.
Initially, Steve and Alexis pitched their first start-up to Y Combinator. They received $100k.
Steve coded the entire site in Lisp, the second-oldest high-level programming language in widespread use today.
”For those of you who don’t know me, I founded Reddit ten years ago with my college roommate Alexis, aka kn0thing,” Huffman said in a Reddit AMA. He added: ”Since then, Reddit has grown far larger than my wildest dreams.”
In early 2006, Reddit merged with Aaron Swartz’s company Infogami.
In October 2006, Reddit was purchased for an estimated $20 million by Conde Nast. At the time, Reddit received about 700,000 page views per day.
”Halloween is always a surreal holiday for me because, on Halloween 2006, we sold @reddit to Conde Nast,” Alexis Ohanian tweeted in 2020.
Swartz was fired for an undisclosed reason in January 2007.
”I wish I still owned Reddit now and owned it for the last four or five years,” Steve said in 2010.
Huffman remained the acting CEO of Reddit until 2009.
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In June 2010, Steve co-founded the airfare search-engine website Hipmunk with Adam Goldstein.
Like Reddit, Hipmunk is also a Y Combinator startup.
”We spent a disproportionate amount of time on building that interface,” Adam explained for CNN. He went on to say: ”Helping users find the right flight in the least amount of time is what informs every decision.”
”At Hipmunk, we’re doing travel search,” Huffman told Dropbox in September 2018. ”Convincing people to sling plane tickets, with the exception of their CEO.”
In 2011, Huffman was named to the “30 Under 30” list of Forbes magazine.
Return to Reddit
In 2015, Huffman returned to Reddit as CEO. Some of the first changes Steve did include:
- stronger infrastructure;
- a new content policy for the site that would effectively ban harassment, illegal activity, and spam;
- better mobile experience.
”We cannot turn a blind eye to it like we have in the past,” Huffman said for New York Times. ”Our responsibility is to our community so they can express themselves on Reddit.”
In May 2019, he joined the Board of Directors of Bishop Fox, the largest private professional services firm focused on offensive security testing,
”I’ve had the opportunity to scale companies through multiple rounds of venture capital funding and am excited to help Bishop Fox through its next phase of development,” Steve said in a press release.
There is no information about Steve Huffman’s current romantic relationship. However, he married in 2009 but is now divorced.
”I consider myself a troll at heart.”
”I don’t remember praying for patients, but I’m glad God put amazing people in my life to help me through life’s tests!”
”We know your dark secrets. We know everything.”
”I don’t think we should silence people just because their viewpoints are something we disagree with.”
”The times of my life where I’ve been the most productive are when the pressure is the greatest.”
”Somebody expressing ideas that aren’t consistent with everybody’s views is something that we encourage.”
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His Reddit username is ”spez.”
Steve Huffman – Net Worth
Huffman earned most of his wealth from co-founding Reddit and Hipmunk.
Reddit was sold in 2006 for a reported $20 million.
Since 2015, Huffman serves as the CEO of Reddit. His salary was not released to the public, but the average annual salary at Reddit is around $124k.
In February 2019, Reddit was valued at $3 billion. In February 2021, it rose to $6 billion.
Therefore, American entrepreneur Steve Huffman has an estimated net worth of $8 million.
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