Here's who got rich after reddit's $748 million ipo

Advance Magazine Publishers, owned by the famed Newhouse family, owns Condé Nast, which bought Reddit in 2006 for $10 million. In addition to Reddit, Advance owns several local newspapers and websites and invested in Warner Bros. Discovery and Charter Communications. The company also acquired the company that runs the Ironman Triathlon. Steven Newhouse has been co-president of Advance for 10 years and on Reddit's board since 2011.

Its stake is: 15,447,794 shares (4,327,422 Class A shares, 11,120,372 Class B shares)
Chinese conglomerate Tencent owns about 9.7% of Reddit after the IPO. It invested capital in the company's Series C through F rounds. Tencent – the owner of WeChat and one of the world's biggest video game studio owners, including "League of Legends" creator Riot Games – led Reddit's Series D round, contributing $150 million of the $300 million round in 2019, Techcrunch reported. It also wrote checks for the company's Series E and F rounds, totaling about $100 million and $66.6 million, respectively, according to Reddit's S-1 filing.

Their stake is: 12,158,559 shares (789,456 Class A shares, 11,369,103 Class B shares)
Sam Altman, through various venture firms he's affiliated with, now owns 9.1% of Reddit after its IPO. While it's unknown how much Altman himself actually owns in the company, Business Insider has estimated his stake's value. The total ownership stake of 9.1% consists of ownership interest that includes the venture fund Hydrazine Capital II, Apollo Projects, an investment firm that Altman manages with his brother, Jack Altman, and Altman Holdco, a trust where Altman is the co-trustee.

Fidelity, investors in Reddit: $552 million
Its stake is: 11,743,944 Class B shares
The asset manager invested in Reddit's Series C, D and F, according to PitchBook data, leading the company's $410 million Series F, which, at the time, valued Reddit at $10 billion. Reddit revealed in its IPO filing with the SEC that it issued Series F shares at $61.79 per share. Over the past few years, the asset manager, which has invested in Reddit through several of its mutual funds — including its massive Contrafund — has marked down its stake in the company, according to monthly disclosure reports to shareholders.

Quiet Capital, venture investors in Reddit: $450.4 million
Its stake is: 9,582,786 shares (2,972,235 Class A shares, 6,610,551 Class B shares)
The San Francisco-based venture firm has been a longtime investor in Reddit, taking part in all of its funding rounds since it wrote a check for the company's Series C. According to Reddit's S-1 filing, it issued Series C, D, E, and F shares at $15.77, $21.69, $42.47, and $61.79 apiece, respectively.

Vy Capital, venture investors in Reddit: $338.2 million
Its stake is: 7,196,649 shares (404,569 Class A shares, 6,792.080 Class B shares)
Vy Capital, a Dubai-based investment firm founded by Alexander Tamas, first invested in Reddit's Series C, and took part in every subsequent round, according to PitchBook data. Vy is one of the secretive firms that backed Elon Musk's bid to buy Twitter, Bloomberg reported and has built stakes in several of Musk's ventures, like SpaceX and Neuralink. The firm funneled over $125 million into Reddit in its Series E and F funding rounds, according to the company's S-1 filing.

Steve Huffman, Reddit cofounder and CEO: $195.8 million
His stake is: 4,165,597 shares (consisting of 60 Class A shares and 4,165,537 Class B shares)
Huffman co-founded Reddit alongside then-college roommate Alexis Ohanian in 2005 after the pair were accepted into startup accelerator Y Combinator's first-ever class. He sold Reddit to Condé Nast in 2006 and left the company's top spot in 2009 to build the travel startup Hipmunk— only to return to Reddit as CEO in 2015. Huffman sold 500,000 Class A shares in the company's IPO, priced at $34 per share, making him $17 million.

Jen Wong, Reddit COO: $75.7 million
Her stake is: 1,609,822 Class A shares
Wong has led Reddit's operations since 2018. Before joining Reddit, she spent two years as the COO of media company Time, where she oversaw digital publications including People, Fortune, and Sports Illustrated, and served for four years as lifestyle brand Popsugar's chief business officer. She currently sits on the boards of iMax, Marfeel, and Discover Financial Services. Wong sold 514,000 Class A shares in the IPO, which amounted to about $17.5 million.

Drew Vollero, Reddit CFO: $10.8 million
His stake is: 229,483 Class A shares
Vollero became Reddit's first CFO in 2021. He previously served as the CFO of security firm Allied Universal and tech company Snap. Before that, he held corporate strategy and finance leadership roles at toy manufacturer Mattel for 15 years. Vollero sold 76,494 shares in the IPO, which amounted to about $2.6 million.

Michael Seibel, Reddit board member and Y Combinator group partner: $7.1 million
His stake is: 151,697 shares (120,000 Class A shares and 31,697 Class B shares)
A successful founder in his own right, Siebel joined Y Combinator in 2013 after co-founding Justin.tv — now known as Twitch, sold to Amazon for $970 million — and guiding video-sharing app Socialcam to a $60 million exit. In 2013, he became the prestigious startup accelerator's first Black partner, inking deals for Cruise, Blluesmart, and Scentbird.
YC and Seibel recently announced he was returning to his role as group partner and handing over his leadership responsibilities. He joined Reddit's board in 2020 after cofounder Alexis Ohanian resigned in the wake of George Floyd's murder. Seibel is the first Black board member in Reddit's history.

Porter Gale, Reddit board member: $5.2 million
Her stake is: 111,331 Class A shares
Gale became Reddit's first female independent board member in 2019. She most recently served as the chief marketing officer of wedding planning site Joy. Before that, she was the chief marketing officer of financial advisory company Personal Capital.

Robert A. Sauerberg, Reddit board member and former CEO of Condé Nast: $2.2 million
His stake is: 47,087 Class B shares
Sauerberg is vice chair of Reddit's board of directors, and from 2016 to 2019, he was the CEO of Condé Nast, which purchased Reddit in 2006. Sauerberg is a longtime media executive, spending a decade heading up Conde Nast's consumer marketing department and as the CFO of The New York Times' magazine group.

Patricia Fili-Krushel, Reddit board member: $799,094
Her stake is: 17,002 Class A shares
Fili-Krushel has advised Reddit on its board of directors since January 2022. She previously led the think tank Coqual after holding leadership roles at NBCUniversal and Time Warner. She's also on the boards of Chipotle and Dollar General.

David Habiger, chair of Reddit’s board of directors and JD Power CEO: $514,791
His stake is: 10,953 Class A shares
Habiger has served on Reddit's board of directors since 2022, leading it since last November. He's been the president and CEO of data analytics company JD Power since 2018. Before that, he was the CEO of software companies Texture Corporation, NDS Group, and Sonic Solutions, and served on the boards of companies including Grubhub and Auctane, formerly Stamps.com.