Billionaire Profile
Steve Huffman
Global Rank
#2838

Image: Public domain | via Wikimedia Commons

Steve Huffman

CEO, Reddit
US
Real-Time Net Worth
$1.2B
As of December 2025
Age
42
Source
Reddit
Industry
technology
Citizenship
US

Biography

Steve Huffman, co-founder and CEO of Reddit, is a prominent figure in the tech industry, known for his role in building the "front page of the internet." His net worth is estimated at $1.2 billion as of November 2025. Huffman's wealth stems primarily from his ownership of Reddit, where he is a major shareholder. His career includes co-founding Reddit in 2005 with Alexis Ohanian, selling it in 2006, and returning as CEO in 2015, navigating the company through significant growth and challenges. Huffman's achievements also include co-founding the travel website Hipmunk. He has been recognized by Fortune and TIME for his influence.

Wealth Over Time

In-Depth Profile

Early Life and Education

Steve Huffman was born in 1983 or 1984 in Lansing, Michigan. He grew up in Warrenton, Virginia, and began programming at the age of 8. Huffman graduated from Wakefield School in The Plains, Virginia, in 2001. He then studied computer science at the University of Virginia (UVA), earning his degree in 2005.

Rise to Success

During his senior year at UVA, Huffman, along with his roommate Alexis Ohanian, attended a lecture by Paul Graham, which inspired them to apply to Y Combinator. They founded Reddit in June 2005, with Y Combinator providing funding. The site quickly gained traction. Huffman and Ohanian sold Reddit to Condé Nast in 2006 for a reported $10-20 million. Huffman left his role as acting CEO in 2009. He later co-founded Hipmunk in 2010. In 2015, he returned to Reddit as CEO. Reddit went public in 2024, and Huffman became a billionaire a year later due to his stock compensation.

Key Business Strategies

As CEO, Huffman has led Reddit through significant changes, including a major website redesign and the development of mobile apps. He has focused on improving the platform's infrastructure and content guidelines. A key strategy has been adapting to the rise of AI, with plans for personalized user experiences and AI-generated summaries. In 2025, Reddit reported strong ad sales.

Philanthropy

Specific philanthropy amounts are not readily available in the provided search results.

Career Milestones

2005

Co-founded Reddit

Launched Reddit with Alexis Ohanian, which became one of the most popular websites.

2006

Sold Reddit to Condé Nast

Sold Reddit to Condé Nast for a reported $10-20 million.

2010

Co-founded Hipmunk

Co-founded the travel website Hipmunk, serving as CTO.

2015

Returned as Reddit CEO

Rejoined Reddit as CEO, leading the company through significant growth and challenges.

2024

Reddit IPO

Reddit went public, and Huffman became a billionaire due to his stock compensation package.

2024

TIME 100 Most Influential People in AI

Named by TIME as one of the 100 most influential people in AI.

Philanthropy & Social Impact

N/A

Not Available

Undisclosed

Philanthropic information not found in search results.

Business Philosophy & Leadership

Notable Quotes

""The need for human voices has never been greater.""

Leadership Principles

Focus on Community

Creating a space where people want to join and be a part of.

Embrace Innovation

Leaning into AI advancements while keeping Reddit a human-focused platform.

Controversies & Challenges

2016

Comment Modification Controversy

Huffman was criticized for altering comments on a subreddit popular with supporters of Donald Trump. He later apologized.

2023

API Changes and Third-Party App Access

Huffman's decisions to begin charging some apps for access to the Reddit API and limit third-party app access sparked significant controversy and protests.

2024

Compensation Backlash

Huffman faced criticism over his $193 million compensation package.