Top billing...Williams sisters celebrating a win

Venus and Serena Williams have announced the establishment of the Williams Sister Fund and the opening of the Yetunde Price Resource Center in their hometown of Compton, California.

The African American tennis stars have dominated the sport for years, winning Olympic gold and Wimbledon grand slams between them.

The Centre, which is Named after their eldest sister, Yetunde, who was killed in a drive by shooting in 2003, will connect individuals who have been victims of violence with services that will help them rebuild their lives.

Commenting about the Centre through a joint statement, Venus and Serena said: “We are so excited to return to Compton for Mayor Aja Brown’s Healthy Compton Community Festival. Compton will always be our home and we can’t wait to spend the day with the community at this inspiring event.”

Mayor Brown said: “This is an incredible investment and commitment by Serena and Venus Williams, and I commend them for their desire to help children and families in Compton thrive. The resource Centre will be able to map all of the resources in and around the Compton community while providing customised assistance that will be a vital asset to improving our ability to service our youth, adults and families.” 

Analysts said although the sisters have given financial support to a number of causes, establishing the Williams Sister Fund has pushed their philanthropic activities to a new level.

According to Forbes magazine Serena’s career prize money to date amounts to $77.6 million, which is more than twice as much as any other female athlete. In total Serena is reportedly worth $150m, with $75m coming from sponsorship partners and appearance fees.

Venus has an estimated net worth of $75 million.