Kevin Durant first came to our attention when he was playing for the Golden State Warriors. He played for the team for four years, and quickly earned a reputation for being one of the best on the court. But then, he decided to switch things up in 2019, when he joined the Brooklyn Nets with a four-year, $164 million contract.
That’s quite an impressive score.
But, amazingly, that’s only the beginning of Durant’s success. In fact, as Forbes reports, his real prowess is off the court.
“The 11-time All-Star banks over $40 million from sponsors, but he’s also invested in more than 40 companies, including Postmates and Acorns,” they report, while adding that even though he was sidelined for the 2019-2020 season due to an Achilles’ injury, he returned the following year with an All-Star performance.
But the truth is, Kevin Durant doesn’t need to spend another day on the basketball court, if he doesn’t want to. His wise investments through his firm Thirty Five Ventures have given him a net worth of $75 million, with most of that net worth coming from the valuation of just one of the many companies he’s invested in over the years. And this is to say nothing of his myriad of endorsements, real estate ventures, and even ventures into the entertainment industry.
In short, Kevin Durant is nothing but a powerhouse who deserves his flowers while he’s still here. Let’s break down the myriad of ways the basketball legend has made his money off the court, as well as on it.
One of Kevin Durant’s earliest investments was in Coinbase. At the time that Durant and his partner, Rich Kleiman, invested in the company, it had a $1.6 billion valuation. But on April 14, 2021, Coinbase went public and began trading at $381 a share, giving the company more than $100 billion in a valuation.
KD and his business partner Rich Kleiman invested in Coinbase when it was valued at $1.6 billion, per @JoePompliano
Today it’s going public at an estimated $100 billion valuation. That’s an increase of 61.5x since he invested 💰 pic.twitter.com/iV9xexzNFu
— Bleacher Report (@BleacherReport) April 14, 2021
According to Forbes, Kevin Durant has endorsements from such companies as 2K Sports, Degree, Master & Dynamic and Nike. Back in 2014, USA Today reported that Durant signed a ten-year, $250 million offer that rivaled Under Armour’s, which Durant ultimately agreed to.
Thirty Five Ventures
As AfroTech previously reported, Thirty Five Ventures has made more than 40 investments to date (which is confirmed by Crunchbase), and their investments include such companies as Therabody and Holy Grail.
But their real win came in their investment in WHOOP, which scored a unicorn valuation.
“Thirty Five Ventures, participated in a $200 million Series F funding round for health tracking firm WHOOP, which has brought the company’s valuation to $3.6 billion. The new appraisal reportedly will result in a nearly 2,800% return for Durant and his investment firm, topping off yet another successful backing,” we reported.
Film & Television
Like many sports stars, Kevin Durant has expanded his reach into the world of film and television. The series that’s getting the most traction, right now is ”Swagger,” which is set to premiere on Apple TV+ on Oct. 29, 2021. It stars O’Shea Jackson Jr., Isaiah Hill and Quvenzhané Wallis, and was inspired by Kevin Durant’s life in basketball. It is also executive produced by Durant, as well.
According to his IMDb, Durant is also the executive producer of such films as “Basketball County: In the Water” and “Two Distant Strangers.”
According to Forbes, Kevin Durant is part-owner of the Philadelphia Union soccer team.
NBC Sports reports that this comes “after purchasing a 5% stake in the club. However, Durant’s deal with the Union only came after years of failed negotiations with D.C. United.”
In 2018, Kevin Durant spent more than $12 million on a home in Malibu, CA. Just one year later, he put the home back on the market. In June 2019, he sold the home — which you can see in the video below — for $12.15 million (making a small profit) to the creator of the “CSI” franchise.
In April 2020, SFGate reported that Durant put his mansion in Oakland Hills, CA, up for sale for $6 million. He once did a live stream from the Oakland Hills mansion, which you can see below.
And in July 2021, Kevin Durant paid $15.6 million for a compound in Hidden Hills, CA, according to The Real Deal.