Steve Huffman is an American web developer popularly known on Reddit as spez. He is the co-founder and current chief executive officer of Reddit which is a content sharing website. Huffman has also taken part in founding other search engine sites like Hipmunk. His expertise in web-development has all contributed to his wealth. This piece takes a look at the net worth of Steve Huffman in 2018.
Early Life & Biography
Steve Huffman was born on November 12, 1963. He grew up in Watertown, Virginia. Huffman began programming computers at the tender age of eight years. In 2001, he graduated from Wakefield School in The Plains, Virginia. He then moved on to enrol at the University of Virginia where he studied computer science, graduating in 2005.
Huffman is reported to be currently single. There are no records of any of his past relationships.
Career, Awards & Nominations
During the spring break of Huffman’s senior year in the University of Virginia, he and his roommate Alexis Ohanian drove to Boston, Massachusetts, where they attended a lecture delivered by programmer-entrepreneur Paul Graham. After the lecture, Huffman and Ohanian had a conversation with Graham who extended an invitation to them to apply to his start-up incubator Y Combinator.
Huffman came up with My Mobile Menu which was their original idea. This menu was intended to enable users to order food using SMS. Although the idea was rejected, Graham requested Huffman and Ohanian to meet him in Boston to pitch a different idea for a start-up. During this brainstorming session, the idea for what Graham called “front page of the Internet” was created. Consequently, Ohanian and Huffman were accepted in Y Combinator’s First Class. Huffman showed off his prowess when he coded the entire site in Lisp. Together with Ohanian, they launched Reddit in June 2005, a project that was funded by Y Combinator.
The site’s audience escalated rapidly in the first few months. By August 2005, Huffman noticed that the habitual user-base had grown very large. He no longer saw the need for him to fill the front page with content himself. Therefore, at the age of 23, Huffman and Ohanian sold Reddit to Conde Nast on October 31, 2006. They are reported to have made $10 million to $20 million from the sale. Huffman maintained his position with Reddit as CEO until 2009.
After that, Huffman spent several months backpacking in Costa Rica. He then co-created Hipmunk, a travel website, with Adam Goldstein who is an author and software developer in 2010. Hipmunk launched in August 2010, funded by Y Combinator and with Huffman serving as CTO.
Reddit hired Huffman as CEO on July 10, 2015, following the resignation of Ellen Pro. The company was at the time going through a rough patch. He has since then made many technological improvements to the site and has made it more advertiser-friendly.
Inc. named Huffman to its 30 under 30 list in 2011.
Net Worth & Earnings
The American web-developer Steve Huffman has an estimated net worth of $5 million. Huffman has accumulated his wealth over the years through his career in web development and programming. Besides his earnings from his work on Reddit, Huffman has also drawn in some income by working on Breadpig and co-founding Hipmunk.
At the age of 34, Steve Huffman has achieved quite a lot. It is evident that the young web-developer is very talented in what he does. His skills in coding and programming are impeccable. It is highly expected that Huffman will soon become one of the biggest names in IT.