With an impeccable reputation as one of the best players on the court, modern NBA legend Kevin Durant is one of the world’s highest-paid athletes.
Though he hasn’t quite achieved billionaire status like Michael Jordan or LeBron James, Durant — who first came to our attention when he was recruited to the Golden State Warriors — has certainly made quite a nice nest egg for himself.
Most interestingly, Durant’s most successful investments don’t come from what he makes on the court, but from what he makes 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,” reports Forbes, 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.
Let’s take a look at the myriad of ways you can “invest like an athlete” — and specifically, invest like Kevin Durant.
Editorial note: The net worth listed in this piece is a speculative estimate drawn from a variety of online sources.
Kevin Durant: His Net Worth
As AfroTech previously reported, Kevin Durant has a net worth of $75 million.
Some of His Investments
NetsDaily has a brief rundown of some of Kevin Durant’s many portfolio investments. In addition to what the outlet is calling the NBA great’s “personal brand/marketing portfolio and on-court contracts,” the investments include an eponymous charity foundation, many sports-related businesses (including the Overtime app and membership in the Philadelphia Union’s ownership group, which he has a 5 percent stake with another 5 percent option), and investments in both franchises and cannabis-related businesses.
“In ’19 alone, Durant earned $35 million solely from his off-court investments. Owning one of the most wide-ranging investment portfolios in the NBA, it’s only a matter of time before KD cashes out on those,” reports the outlet.
According to CrunchBase, Kevin Durant is the founder of Thirty-Five Ventures, an investment company with nearly 40 portfolio companies — and one exit — under its umbrella. Durant is involved with the company alongside his agent/manager, Rich Kleinman, to the tune of $15 million. Some of the many companies that Thirty-Five Ventures has invested in include Goalsetter, Fractional, and Hugging Face.