Serena Williams Just Marked Another Major Career Milestone

Mother. Tennis champ. Designer. Investor – Serena William’s resume goes on. And on. And on. Now, the 37-year-old can add an entirely new achievement to the mix: the first athlete to ever appear on Forbes’ list of the world’s richest self-made women. At an estimated $322 million AUD, much of her fortune can be attributed […]

by | Jun 6, 2019

Mother. Tennis champ. Designer. Investor – Serena William’s resume goes on. And on. And on. Now, the 37-year-old can add an entirely new achievement to the mix: the first athlete to ever appear on Forbes’ list of the world’s richest self-made women.

At an estimated $322 million AUD, much of her fortune can be attributed to her on-court success. But it might come as a surprise to many that the majority stems from several business endeavours. In fact, over the last five years, she’s founded and funded her own venture capital company (Serena Ventures) and invested in 34 start-ups.

RELATED: The Surprising Method Serena Williams Is Using To Prevent Blood Clots

“I want to be a part of it,” Williams told Forbes of SV. “I want to be in the infrastructure. I want to be the brand, instead of just being the face.”

“I want to create a brand that has longevity, kind of like my career,” she continued. “It’s not fancy, it’s not here, it’s not out, it’s not trendy, it’s a staple, like my tennis game.”

The mum-of-one also has her own casual streetwear clothing line, S by Serena. One of the brand’s best-selling items? The ‘Boss Blazer’, a piece worn by close buddy and new royal Meghan Markle. And as if her plate wasn’t full already, she’s announced she’ll be launching a range of jewellery in 2020.

Dw though, she’s not planning on hanging up her racket just yet. Speaking with Forbes, she admitted she has another three years in her before she’ll contemplate her retirement from tennis. (“I am in no rush to get out of this sport.”)

She’s in good company too: this year’s self-made rich list features the likes of Rihanna (with a net worth of approximately $858 million AUD,) Kylie Jenner, (who topped the list in 2018 with an estimated $1.4 billion,) Celine Dion ($644 million AUD) and Beyoncé ($572 million AUD.)

RELATED: Kayla Itsines Is Officially The Top Female On The Young Rich List

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Women Fleeing Domestic Violence Can Now Receive A One-Off Support Payment

It’s been labelled the shadow pandemic and the fact remains that for many women across Australia, domestic violence is a lived reality that doesn’t discriminate by age, occupation, or socio-economic status. Researchers have found that during Covid-19 lockdowns, there was a surge in family and domestic violence, with agencies experiencing a surge in demand as nearly half their clients reported an increase in controlling behaviours. 

As many who have lived through such turmoil and trauma can attest, the roadmap to fleeing such situations at home can be fraught with challenges and extremely difficult to navigate, particularly when such bureaucracy makes it even harder. Now, it’s been announced that women fleeing a violent relationship will be given a one-off $5,000 payment as part of a federal government trial scheme. 

Known as the “escaping violence payment scheme,” the government has set aside $144.5 million over the next two years to give women $1,500 cash, with the remainder to pay for goods and services, bond, school fees and other necessaries to establish a new safe home. UnitingCare Network will be tasked with delivering the payments while helping link women and their children with relevant community services. 

As the Daily Telegraph reports, “An analysis of domestic violence data by the Australian Bureau of Statistics shows that while it is more common for women from poorer areas, women from high socio-economic areas are not immune from experiencing partner violence.”

As Women’s Safety Minister Anne Ruston explained, the trial has been introduced with the aim to help women overcome the financial barriers that might deter them from leaving a violent relationship. “We know that financial hardship as well as economic abuse - which may involve interfering with work or controlling or withholding money - reduces women’s ability to acquire and use money and makes it difficult to leave violent relationships,” she said. 

“The payments will assist people who need financial support to leave. We know the size of the house a woman is fleeing doesn’t matter. Often she bundles the kids into the car, maybe the dog too and they leave with nothing more than the clothes on their backs.”

To be eligible for a payment, women must be facing financial stress and have some evidence of domestic violence such as a referral from a family and domestic violence service provider with a risk assessment and safety plan, or an AVO, court order or police report. As UnitingCare Australia National Director Claerwen Little said, “We believe that all people, especially women and their children, have the right to live freely and without fear, and this payment is an important step forward to ending violence against women and children.”

If you require immediate assistance, please call 000.

If you’d like to speak to someone about domestic violence, please call the 1800 

Respect hotline on 1800 737 732 or chat online. 

Under 25? You can reach Kids Helpline at 1800 55 1800 or chat online.