Steve Huffman (born 1983 or 1984), known by his Reddit username spez, is an American web developer and entrepreneur. He is the co-founder and CEO of Reddit, a leading social news and discussion site that ranks among the top 20 websites globally. Huffman also co-founded Hipmunk, an airfare search engine that ceased operations in 2020.
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Steve Huffman Net Worth
Steve Huffman has a net worth of $50 million. For Reddit’s IPO in February 2024, the company’s S-1 filing revealed Huffman earned a $200,000 base salary and a $125,000 bonus in 2022, totaling $332,375 in pre-tax earnings.
In 2023, his base salary increased to $341,356, but he received no bonus. He also got $7,375 in “other compensation” and was awarded $98 million in stock and $94 million in options. However, the true value of his options and performance-based shares will be clearer only after Reddit’s IPO.
Early Life
Steve Huffman was born in Warrenton, Virginia. He began programming at age 8 and demonstrated exceptional skills in math and science. Huffman graduated from the Wakefield School in The Plains, Virginia, in 2001, and went on to the University of Virginia. There, he earned a degree in computer science in 2005.
Career
Steve Huffman‘s entrepreneurial journey got a significant boost during his senior year spring break at UVA. Along with his college roommate Alexis Ohanian, Huffman drove to Boston to attend a lecture by Paul Graham, an English programmer-entrepreneur. Inspired and guided by Graham, Huffman, and Ohanian eventually laid the foundation of Reddit.
Within months of its launch, Reddit‘s popularity skyrocketed. By 2006, Huffman and Ohanian had sold Reddit for a reported amount between $10 million to $20 million. Huffman’s journey also included co-creating Hipmunk, being named in Inc.’s 30 under 30 list, and returning to Reddit as CEO during challenging times.
Personal life
Steve Huffman lives in San Francisco, California. He married Katie Babiarz in 2009, a relationship that began at UVA, but they have since divorced. Huffman enjoys ballroom dancing, having competed since childhood, and mentors aspiring programmers at coding boot camps like Hackbright Academy.
He has also taught web development courses for Udacity and serves on the board of advisors for the Anti-Defamation League’s Center for Technology and Society. A net neutrality advocate, Huffman encourages Reddit users to contact their elected officials to support the cause.
Who is the founder of Reddit?
Reddit, which has become a significant name in social media, was co-founded by Steve Huffman, Alexis Ohanian, and Aaron Swartz. Alexis Ohanian, an American internet entrepreneur and investor, is particularly recognized for his role as co-founder and former executive chairman of Reddit.
Conclusion
Steve Huffman’s journey from a young programmer in Virginia to the CEO of one of the world’s top websites is a testament to his skill, perseverance, and vision. With Reddit’s continually growing influence and value, Huffman’s impact on the tech world is undeniable.
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FAQs about Steve Huffman’s Net Worth
- Who is Steve Huffman?
- Steve Huffman is an American web developer, entrepreneur, and co-founder and CEO of Reddit.
- How did Steve Huffman start his career?
- Huffman began his career journey during a lecture by Paul Graham, leading to the foundation of Reddit.
- How does Reddit generate revenue?
- Reddit primarily earns through advertising and its premium membership plan.
- Who currently owns Reddit?
- Advance Publications currently owns Reddit.
- What is Steve Huffman’s current net worth?
- Steve Huffman has an estimated net worth of $10 million.
