Serena Williams' Net Worth Rise By US$20 Million

10 months ago
Fri, 18 Nov 2022 10:29:47 GMT
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Serena Williams' Net Worth Rise By US$20 Million

Serena Williams, one of the greatest female tennis players of all time, has seen her net worth rise by $20 million since the beginning of the year.

Williams, who became the first athlete to appear on Forbes’ annual list of America’s Richest Self-Made Women in 2019, has seen her net worth increase by $20 million, from $240 million at the start of the year, according to data from Billionaire Africa.

The development is attributed to earnings from different endorsement deals with leading brands such as U.S. sportswear giant Nike and leading investment bank JPMorgan Chase.

The surge in her net worth can also be attributed to the success of some of her investments in businesses, which she made through the venture capital firm Serena Ventures, which she formed in 2017.

Williams’ net worth has climbed by $35 million since 2019, when she was added to Forbes’ annual list of America’s Richest Self-Made Women, from $225 million to $260 million.

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Serena who announced her retirement from tennis at the U.S. Open in September has earned a total of $29 million in the past 12 months, the most of her career.

Williams, one of America’s wealthiest Black women, has more than a dozen corporate partners, and her $94 million in career prize money is twice as much as any other female athlete has made.

Serena Ventures, her venture capital firm, announced in March that it had secured $111 million from investors with a portfolio of 60 firms that included MasterClass and the healthy frozen food service DailyHarvest.

The firm in October teamed up with other institutional investors to invest $3.3 million in Stears Inc. in a seed round led by MaC Venture Capital, just one week after leading a $12.3-million investment in a Ugandan fintech company.

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