Serena Williams, widely hailed as the greatest female tennis player of all time, is solidifying her position as one of the world’s multimillionaires, with her net worth soaring to new heights.
The tennis icon, also recognized as one of the wealthiest Black women in America, has experienced a remarkable surge in her financial fortunes, with her net worth inching closer to the coveted $300-million mark.
According to a recent report by Forbes, a U.S. business magazine renowned for tracking the wealth of ultra-high net-worth individuals, Williams has witnessed a substantial $30 million increase in her net worth since the beginning of this year, rising from $260 million on Jan. 1 to $290 million on Aug. 24.
This surge in Williams’ fortune follows a significant boost of $20 million in 2022, when her net worth leaped from $240 million to $260 million.
Over the past three years, her net worth has witnessed a notable surge of $65 million, soaring from $225 million in 2020 to her present $290 million.
The accomplished tennis star, who gracefully retired from professional tennis in 2022, has left an indelible mark on the court and established herself as one of the world’s highest-paid athletes.
Her earnings in 2022, a staggering $45.3 million, were primarily the result of lucrative endorsement deals inked with prominent brands such as Nike, Lincoln, and Michelob Ultra. In a significant testament to her influence and success, Williams secured the 49th position on Forbes’ esteemed list of the highest-paid athletes globally.
Throughout her professional career since debuting in 1995, her earnings have accumulated to an astonishing $470 million, underscoring her status as a trailblazer both in the realm of sports achievements and financial triumphs.
Looking towards the future, Williams is expanding her horizons beyond the tennis court. Her focus has shifted toward private equity investments, a domain she has been exploring through her venture capital firm, Serena Ventures.
A testament to her acumen, the firm has raised an impressive $111 million from investors, facilitating the creation of a diverse portfolio featuring 60 firms.
What sets Williams’ investment approach apart is her commitment to promoting underrepresented communities.
A remarkable 78 percent of her investments are dedicated to companies founded by individuals from marginalized groups, whether people of color or women.Â
