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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
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Alexis Ohanian believes in the future of women’s sports: ‘I can market excellence all day long’

Emma Hinchliffe
By
Emma Hinchliffe
Emma Hinchliffe
Most Powerful Women Editor
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Emma Hinchliffe
By
Emma Hinchliffe
Emma Hinchliffe
Most Powerful Women Editor
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December 12, 2025, 12:02 PM ET
Alexis Ohanian is making big bets on emerging sports, particularly women's sports. He expects them to become billion dollar businesses.
Alexis Ohanian is making big bets on emerging sports, particularly women's sports. He expects them to become billion dollar businesses. Courtesy of Alexis Ohanian
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If you haven’t caught up with Fortune‘s Leadership Next podcast, check out this recent episode where my colleagues Diane Brady and Kristin Stoller sit down with Alexis Ohanian. They talk about the full breadth of his career, across Reddit, AI—and, of course, women’s sports.

Recommended Video

Ohanian was one of the founders of the women’s soccer team Angel City, and more recently is behind the track and field competition Athlos. He told Diane and Kristin that, interestingly, his wife Serena Williams actually tried to talk him out of getting involved in women’s sports when he first had the idea.

When I first told her I was investing in women’s soccer and starting a team, she actually tried to talk me out of it. In part because she had lived the other side of being an athlete in this sports and women’s sports system. And the WTA is one of the best, right? Because of Billie Jean King, you had pay equity. Because of that pay equity, you had a couple of girls in Compton decide they wanted to devote their lives to tennis. So without Billie Jean King, you don’t get Serena and Venus, but without Serena and Venus, you don’t get generational talent that then takes the sport out of country clubs and makes it one of the most popular sports in the world. Because these tournaments were all at the same time, they could say, all right, fine, we’ll market the women too. Then you get this amazing talent that grows the game in such a big way.

Seeing women’s tennis bring in big dollars made Ohanian confident that top-tier marketing would have the same outcome in other sports. “I can market excellence all day long,” he says.

Listen to the full episode on Spotify or wherever you get your podcasts.

Emma Hinchliffe
emma.hinchliffe@fortune.com

The Most Powerful Women Daily newsletter is Fortune’s daily briefing for and about the women leading the business world. Subscribe here.

ALSO IN THE HEADLINES

President Trump bars states from regulating AI. His latest executive order blocks state regulation and says only the federal government can determine AI regulation. States like California have tried to lead on AI regulation after missing out on regulating the early days of social media. CNN

Romantasy is a $400 million business. The Chernin Group invested in Entangled, the publisher of Fourth Wing, at that valuation. WSJ

One-third of women feel burned out or emotionally exhausted every day. Forty-three percent of women feel that way at all. USA Today

The NWSL figures out how to keep its biggest stars. Governors approved a roster mechanism to pay top players above teams' salary caps. "High impact players" eligible for the extra pay will be determined both on their sporting and commercial achievements. ESPN

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ON MY RADAR

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Lindsey Vonn just won a ski race at age 41—on a reconstructed knee WSJ

PARTING WORDS

"I have a platform because there is interest in my family. I can use that to uplift and amplify the organizations that I work with and share the wealth of information that I have access to."

— Phoebe Gates, on her approach to philanthropy

This is the web version of MPW Daily, a daily newsletter for and about the world’s most powerful women. Sign up to get it delivered free to your inbox.
About the Author
Emma Hinchliffe
By Emma HinchliffeMost Powerful Women Editor
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Emma Hinchliffe is Fortune’s Most Powerful Women editor, overseeing editorial for the longstanding franchise. As a senior writer at Fortune, Emma has covered women in business and gender-lens news across business, politics, and culture. She is the lead author of the Most Powerful Women Daily newsletter (formerly the Broadsheet), Fortune’s daily missive for and about the women leading the business world.

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