- Tennis legend Serena Williams announced her retirement in a Vogue article published Tuesday.
- "I have never liked the word 'retirement,'" Williams wrote. "Maybe the best word to describe what I'm up to is 'evolution.'"
- She said she will retire after the U.S. Open, which will run from late August into September.
Tennis legend Serena Williams announced her retirement in a Vogue article published Tuesday.
"I have never liked the word 'retirement,'" Williams wrote. "Maybe the best word to describe what I'm up to is 'evolution.' I'm here to tell you that I'm evolving away from tennis, toward other things that are important to me."
Williams, who turns 41 next month, has 73 career singles titles, 23 career doubles titles and over $94 million in career winnings.
Williams is widely hailed as one of the greatest athletes of all time. In her Vogue piece, she noted that some of her detractors point out that she hasn't won the most Grand Slam titles in women's tennis history, however.
"There are people who say I'm not the GOAT because I didn't pass Margaret Court's record of 24 grand slam titles, which she achieved before the 'open era' that began in 1968," Williams wrote. "I'd be lying if I said I didn't want that record."
She said she will retire after the U.S. Open, which will run from late August into September. A victory there would tie her with Court's Grand Slam record.
"I don't know if I will be ready to win New York. But I'm going to try," Williams wrote about the tournament, which is played in Queens.
She has counted sponsorships from companies including Nike, Audemars Piguet, Away, Beats, Bumble, Gatorade, Gucci, Lincoln, Michelob, Nintendo, Wilson Sporting Goods, and Procter and Gamble.
Nike said it would continue working with Williams. "Serena Williams redefined what it means to be a true champion. Her legacy transcends sport and has inspired generations," the company said. "We look forward to continuing our long-standing partnership with her. And, we thank her for all she has done and will do in the future."
Williams focused on her family in the announcement, writing that her nearly five-year-old daughter wants to be an older sister. Williams is married to Reddit founder Alexis Ohanian.
"I never wanted to have to choose between tennis and a family. I don't think it's fair," Williams wrote. "If I were a guy, I wouldn't be writing this because I'd be out there playing and winning while my wife was doing the physical labor of expanding our family."
She added in an Instagram post Tuesday: "I have to focus on being a mom, my spiritual goals and finally discovering a different, but just exciting Serena. I'm gonna relish these next few weeks."
Professionally, she looks to expand Serena Ventures, a small investment firm of six people that was one of the first investors in MasterClass. Her firm raised $111 million in outside financing this year.
Williams wrote that only 2% of venture capital goes to women and that "in order for us to change that, more people who look like me need to be in that position, giving money back to themselves."
–CNBC's Jessica Golden contributed to this report.