Reddit’s CEO Just Joined The Billionaires’ Club And Here’s How

How did the CEO of Reddit become a billionaire? What? How do you think? He’s the CEO of Reddit. That’s such a stupid question. You think the 7th most visited site on the internet just doesn’t make money? (Shut up, Wikipedia, I’m not talking about you.)

Look, it’s very easy, all you have to do is pitch “the front page of the internet” to investors with your college roommate in 2007, win a $12,000 grant, write the code in 20 days, gain another 100,000 dot-com-boom-dollars from investors, sell within 16 months for $10 million, quit, come back, turn the company around and then announce an earnings of $1.2 billion and a $38 billion market cap just last Thursday and BOOM, two decades later, you’re a billionaire.

It’s simple, really.

But yeah, that’s the story of Steve Huffman, who really played the long game on this one. Let’s hope he didn’t need that money for anything important.

We’re on Reddit. It’s just a thread of everyone calling us a scam, but still…

Now Huffman will join the prestigious club of the 3,028 billionaires in the world who just so happened to be the same 3,028 people on my own personal list of people who’ll be the first with their backs up against the wall when the revolution comes.

Damn, Huffman, maybe you should think long and hard about whether you actually want to be a part of this club… Anyway, what was I saying, oh yeah:

Reddit CEO billionaire hare and tortoise — I found this picture online and jesus christ it’s cursed.

The hare and the tortoise is a classic fable about the virtue of patience over prowess, even though that’s terrible advice for a race. Reddit CEO Steve Huffman is not the only billionaire tortoise, and many other richies have similar bedtime stories to tell.

Nvidia’s Jensen Huang also took two decades to secure his fortune, Netflix-guy Reed Hastings waited a similar timeframe for his winnings, and Figma CEO Dylan Field took a risk dropping out of college in 2012 but now he’s worth $5 billion dollars in US money.

It just goes to show that if you’re not rich now it’s not because you’re lazy, stupid and unoriginal it’s just because you’re playing the long game too.

Who knows? Maybe in a couple decades we’ll both be sitting in the club and we’ll see each other across the room and we won’t say anything, we’ll just smile, give a little nod and raise a glass.