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.

Rawpixel.com/Shutterstock Serena’s father taught her a very valuable lesson

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.

Jimmie48 Photography / Shutterstock Under Serena’s belt are tons of awards

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.

Asatur Yesayants / Shutterstock Alexis Ohanian founded Reddit

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.