Kevin Durant's $1M Investment Expected to Turn Into $15M as Uber Acquires Postmates
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Kevin Durant's $1M Investment Expected to Turn Into $15M as Uber Acquires Postmates

Two-time NBA champion, Kevin Durant, has proved once again that his skills extend far beyond the court as he is set to cash in big with his investment in restaurant delivery service, Postmates.

Over the years, Durant’s VC, Thirty Five Ventures, has invested over $15 million into 40 plus startups — one of those startups being Postmates.

According to Nothing But Nets — in 2016 — Durant invested $1 million in Postmates after spending the day endorsing the company as a bicycle deliverer.

Forbes later reported that his investment would soon score him a $15 million payday, if Uber went through with the acquisition. Fast forward to earlier this week and Uber Technologies announced it would be acquiring Postmates in a $2.65 billion deal.

Durant ranks No. 7 on Forbes’ world’s highest-paid athletes list bringing in $64 million over the previous 12 months. Throughout his NBA career, Forbes reports Durant has made $500 million off his salary and endorsements.

The NBA MVP shows no signs of stopping as he continues to expand his portfolio with investments in the Major League Soccer’s Philadelphia Union franchise — where he purchased 5 percent of the soccer club — with the option to purchase an additional 5 percent in the future.

Plus, Forbes reports that Durant would like to purchase his own NBA team in the future. Considering that the average team is worth $2.1 billion, it’s likely that he will be looking to add more big wins to his portfolio sometime soon.