Serena Williams Net Worth: What Are Her Main Sources of Income?
Serena Jameka Williams is a pro tennis player from the United States. She has been the Women’s Tennis Association’s No. 1 singles player for 319 weeks, including 186 weeks. She has also been the No. 1 player five times at the end of the year.
Early Life of Serena Williams
Serena Jameka Williams was born in Saginaw, Michigan, on September 26, 1981, but spent part of her youth in Compton, California. She and her sister, Venus Williams, were introduced to tennis at a young age. Both sisters were homeschooled to maximize their practice time.
Her official coaches were her father, Richard Williams, and mother, Oracene Price. Other mentors, such as Richard Williams, who went on to develop The Venus and Serena Williams Tennis/Tutorial Academy, assisted her in learning the game at an early age.
Serena and her family relocated to West Palm Beach, Florida, when she was nine years old to attend Rick Macci’s tennis academy. In 1995, their father removed the girls from Macci’s program and resumed his role as their official coach.
Serena Williams’s Career
Serena Williams has won more prize money than any other female tennis player and has been ranked number one in the world eight times. Williams has collected over $90 million in career prize money as of this writing. With her sister Venus, she has won 23 Grand Slam singles and fourteen doubles titles. She also won gold medals at Sydney, Beijing, and London Olympics.
Williams competed in her first professional competition at age 14 in 1995. A No. 304 ranked Williams stirred in the 1997 Ameritech Cup, upsetting the No. 7 and No. 4 ranked players before losing in the semifinals. The victories pushed her career, and she finished 1997 at No. 99.
Williams began demonstrating her early supremacy in 1999, defeating a slew of elite competitors and winning her first Grand Slam singles championship, the US Open. The following year witnessed many high-profile victories, including doubles titles at Grand Slam tournaments such as Wimbledon and the US Open. Her first singles title, though, remained elusive.
Serena Williams maintained her domination in the early 2000s, eventually earning the No. 1 ranking in 2002. That year, she also won three Grand Slam titles: the French Open, Wimbledon, and the US Open, all of which she won by defeating her sister, Venus, in the finals.
She won her fourth Grand Slam title, the Australian Open, in 2003. This gave her the title for all four major Grand Slam tournaments, a feat she dubbed the “Serena Slam.” She would repeat this accomplishment during the 2014-15 Grand Slam season.
She struggled with health and personal challenges during the next few years, including knee surgery and her half-sister, Yetunde. While she continued to win events, her ranking dropped out of the top ten, leading many in the tennis industry to believe that she and her sister, Venus, were no longer the dominant forces they once were. By 2008, Williams had worked her way back to the top of the rankings, winning a streak of Grand Slam titles.
The year 2011 saw the resurgence of health issues. Doctors discovered a blood clot in one of her lungs that year. She underwent surgeries to correct this, prompting many to question if she would ever return to the sport. However, she won significant titles again the following year and her first-ever women’s singles gold medal in the 2012 Olympic Games.
She won the US Open in 2012, the French, Australian, and the US Opens in 2013, Wimbledon the same year, Wimbledon in 2014 and 2015, and the Australian Open and Wimbledon in 2016. Serena had a terrible year in 2018, losing two consecutive US Opens and Wimbledon.
Serena Williams has remained a formidable force in women’s tennis despite suffering injuries and taking time off to have a mother. Her 23 Grand Slam singles titles are among her many records.
Net Worth of Serena Williams
Serena Williams is a multi-time world champion professional tennis player with a net worth of $250 million. She is by far the highest-paid female player. Many believe her to be one of the greatest female tennis players.
In previous years, Serena has earned $30-$40 million through on-court revenue and endorsements. For example, Serena made $35 million between June 2019 and June 2020, with endorsements accounting for around $20 million.
Earning from Brand Endorsements
Williams is one of the world’s most well-known endorsement athletes. Outside of tennis, she earns $15-20 million yearly by promoting products such as Nike and Kraft Foods. Williams signed a $40 million agreement with Nike in 2004 to create a fashion brand.
Williams uses social media to advocate for several causes, most notably Black Lives Matter and the LGBT community. She has garnered numerous prizes for her activism, including the NAACP President’s Award. She is also a strong advocate for gender equality on and off the court and is open about her experiences as a woman in the tennis industry.
Philanthropy Done By Sera Williams
Serena and Venus are well-known for visiting hospitals and competing in tennis tournaments to raise funds for the Ronald McDonald House charity. In 2004 and 2005, they had an entire ESPN program dedicated to their charity tour. Serena established the Serena Williams Foundation, which gives university scholarships to deserving students.
The foundation also contributed to building the Serene Williams Secondary School in Mattoon, Kenya. Furthermore, the charity collaborated with Helping Hands Jamaica to construct the Salt Marsh Primary School for children in Trelawny Parish, Jamaica.
Serena has collaborated with Big Brothers Big Sisters of Greater Los Angeles and has been an international Goodwill Ambassador for UNICEF since 2011. Serena and Venus work on humanitarian projects, including the Williams Sisters Fund.
In memory of their late sister, they collaborated to establish the Yetunde Price Resource Center in Compton. The center offers assistance and services to families that have been affected by communal violence. Williams joined the Allstate Foundation’s Purple Purse project as an Ambassador in 2017.
She also donates to the Elton John AIDS Foundation, the NHS’s Great Ormond Street Children’s Hospital in London, the HollyRod Foundation, the Eva Longoria Foundation, and many other organizations.
Personal Life of Serena Williams
Williams married Reddit co-founder Alexis Ohanian in November 2017 in New Orleans. Beyonce and Kim Kardashian West were among the celebrities who attended their wedding. Williams mistakenly exposed her pregnancy in a Snapchat snap she intended to preserve for her records in April 2017.
She had a daughter through C-section in 2017 due to a pulmonary embolism during labor. Due to a second pulmonary embolism, she was incapacitated six weeks after birth and had to postpone her training. In August 2018, she revealed that she was suffering from postpartum depression.