According to the publication, the 23-time Grand Slam champion made the list as a result of her estimated fortune of $224m (£177m).
The majority of William’s fortune has been made as a result of her “brain and brand rather than her backhand”, according to Forbes, with the star investing in 34 startup businesses in the past five years alone.
The athlete, who makes an estimated $19 million from endorsement deals, goes on to share that she's come to love seed investing.
"It's fun to get in there. I don't gamble. I don't jump off buildings," she says. "I'm the most non-taking-a-chance kind of a person, but I felt like seed was where we wanted to be."
Daily Harvest, Brandless, Coinbase and Tonal are among the companies Williams has invested in over the years.
Be the brand. Starting @ShopSerena and Serena Ventures are just a few steps. Honored to be the first athlete on @Forbes #SelfMadeWomen list. https://t.co/aaREjvZ1y5 pic.twitter.com/GlBJnJEbaM— Serena Williams (@serenawilliams) June 4, 2019
And Williams, who married Reddit co-founder Alexis Ohanian in 2017, reveals to Forbes that she turns to her husband for advice.
"I've been really leaning on Alexis," she shares.
Williams, who also has her own clothing line, took to social media to react to her Forbes cover.
"Be the brand. Starting @ShopSerena and Serena Ventures are just a few steps," she wrote. "Honored to be the first athlete on @Forbes #SelfMadeWomen list."
Among the other stars on America's Richest Self-Made Women list? Kylie Jenner, the youngest female on the list at the age of 21, ranks in at #23 with a $1 billion net worth. Rihanna lands at #37 with $600 million, Taylor Swift shares the #60 spot with Neha Narkhede, both with an estimated net worth of $360 million. Ellen DeGeneres follows closely behind at #63 with $330 million, while Reese Witherspoonlands at #77 with $240 million.
To see the complete list of America's Richest Self-Made Women, head on over to Forbes!
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