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Kevin Durant Invests In The National Cycling League, The First Majority-Women And Minority-Owned Professional Sports League

The National Cycling League (NCL) — the first majority-women and minority-owned league — has scored an investment from NBA player Kevin Durant.

Aug 2, 2023

Drake, Michael B. Jordan, And Steve Stoute Become Co-Owners Of Thirty Five Ventures' Pickleball Team

Kevin Durant and Rich Kleiman’s pickleball team has three new investors. Boardroom reports that Drake, Michael B. Jordan, and Steve Stoute have become co-owners in Thirty Five Ventures’ (35V’s) Brooklyn Aces.

Jul 20, 2023

Kevin Durant Inks Lifetime Deal With Nike, Makes History Alongside Michael Jordan And LeBron James

Kevin Durant has joined Michael Jordan and LeBron James in inking a rare contract.

Apr 28, 2023

Shaquille O'Neal, Dwyane Wade, And More Invest In Tiger Woods' TMRW Sports

The investor roster behind Tiger Woods’ sports entertainment venture has become packed with even more star power.

Mar 22, 2023

Rich Kleiman Says He And Kevin Durant Are A 'Hundred Percent' Interested In Owning An NBA Team

Team ownership is a dream that isn’t rare for professional athletes. Kevin Durant hopes to turn that dream into a reality sooner than later.

Nov 7, 2022

Kevin Durant Brings On Boi-1da, Cardo, And 9th Wonder For The Nike KD15 Producer Pack

Kevin Durant has teamed up with some of the biggest producers for a special collaboration. The Brooklyn Nets star is known for his skills on the court, but there’s another passion of his that he’s stepped into — music. Boardroom reports that Durant joined Boi-1da, Cardo, and 9th Wonder for the Nike KD15 “Producer Pack.”

Sep 19, 2022

Serena Williams And Kevin Durant Invest In Happy Viking, Venus Williams' Plant-Based Superfood Nutrition Company

Venus Williams has received backing from some heavy hitters for her plant-based superfood nutrition company. According to a press release, Happy Viking has raised $2 million in an investment round led by Venus Williams, Serena Williams, Kevin Durant and Rich Kleiman’s 35V, Peloton Vice President of Fitness Programming Robin Arzón, professional golfer Michelle Wie West, soccer champion Megan Rapinoe, tennis star Reilly Opelka, and basketball stars Isaiah Hartenstein and Collin Sexton. View this post on Instagram A post shared by Happy Viking Superfood (@drinkhappyviking) Participating investors also included Mates, Talent Resources Ventures, Parallel, and Oliver Trevena. “Venus is an incredible entrepreneur, and in getting to know her and the team she’s put together behind Happy Viking, it was clear to Kevin Durant and I that the company has set itself up for success. No one understands the health and nutrition space like a professional athlete, and Happy Viking is proof in product...

Aug 17, 2022

Kevin Durant Joins Investment Round To Usher New Era For Premier Lacrosse League

Kevin Durant has made a new investment to advance another area of sports. Bloomberg reports Durant’s Thirty Five Ventures was a part of an investment round led by The Chernin Group for the Premier Lacrosse League with participation from World Wrestling Entertainment (WWE) Inc. Premier Lacrosse League founders, Paul and Mike Rabil have not disclosed exact valuations. However, the number has doubled since the company’s previous funding round in 2021.

Jul 21, 2022

Invest Like An Athlete: How Kevin Durant's Portfolio Helped Bump His Net Worth To $75M

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...

LeBron James Earned An Estimated $121M In 2021, Making Him The World's Second-Highest-Paid Athlete

LeBron James continues to show the world why he’s the king. Forbes released their list of the 10 Highest-Paid Athletes and the NBA superstar was No. 2, making him the second-highest-paid athlete in the world. While his skills on the court contributed heavily to the Cleveland native’s net worth, which AfroTech previously reported, now sits at an estimated $850 million, it has been his endeavors outside of basketball that led to his ranking on the list. Per reports, he drew in about $121.2 million in 2021 thanks to ventures like his “Space Jam” reboot as well as various endorsement deals. His talk show, “The Shop: Uninterrupted” also contributed to his earnings. He trails Argentine soccer player Lionel Messi who was named the richest athlete in the world in 2021, bringing in an estimated $130 million. In true King fashion, though, LeBron James is only in competition with himself, knocking out his previous record of earning $96.5 million in the previous year. On the court, the LA Laker...

May 12, 2022

Tennis Champion Naomi Osaka Departs IMG To Launch Evolve, Her Very Own Sports Agency

It’s one thing to stay in your lane, but it’s an entirely different flex to create your own. And that’s the case for decorated tennis champion Naomi Osaka, who has reportedly left IMG to launch her own sports agency — EVOLVE. EXCLUSIVE: @naomiosaka has left IMG to launch her own sports agency, Evolve, which will be stylized as EVOLVE. — Sportico (@Sportico) May 11, 2022 “I’ve spent my career doing things my way, even when people told me that it wasn’t what was expected or traditional,” Osaka said in regards to the move, according to Bleacher Report. “Evolve is the natural next step in my journey as both an athlete and businesswoman, as well as a way to continue being myself and doing things my way.”

May 11, 2022

Kevin Durant Becomes Minority Owner Of NWSL's Gotham FC With Thirty Five Ventures Investment

The National Women’s Soccer League (NWSL) is rapidly growing, and investors like Kevin Durant and Rich Kleiman are taking notice. Through Thirty Five Ventures (35V), the business partners have become minority investors of NJ/NY Gotham FC, Boardroom reports.

May 4, 2022

Dwyane Wade Joins LeBron James & More In The A-List Group Of Black Celebs Who Own An MLS Team

Dwyane Wade knows the value of a good hustle. In addition to his investment in the cannabis industry, the skincare industry, and even a stake in the Utah Jazz, the NBA star and Gabrielle Union’s hubby has just announced that he’s invested in a Major League Soccer (MLS) team. Essentially Sports reports that the news is part of a deal made by Smith Entertainment Group, which Dwyane Wade joined when the company invested in the Utah Jazz. Now, however, Smith Entertainment Group has invested in the Real Salt Lake franchise. The purchase was confirmed by the franchise itself. Wade himself subsequently confirmed the announcement on Twitter. Thankful 🥅 ⚽️ — DWade (@DwyaneWade) January 6, 2022 While the percentage investment was not made clear with the announcement, Wade has been confirmed as part of the deal. The outlet reports that the team has a bright future. “RSL FC is coming off an incredible run in the MLS Playoffs where they made the Western Conference Finals....

Did You Know That These Celebrities Have Their Own Investment Firms?

Investment firms are a necessary part of the business world. But did you know that these celebrities helm up their own? From a tennis legend to several rappers, these twelve celebs are redefining what the names and faces of investment firms look like. No longer tied to “old-money white wealth” like Goldman Sachs, JPMorgan Chase, and Bank Of New York Mellon, these celebrities have proven that investments made back into the Black community pay off in much larger dividends…and cultivate goodwill in the long run. For example, Karan Wadhera — the managing partner for Snoop Dogg’s Casa Verde — even left his position in the “traditional” investment firm world to work with the legendary Doggfather on his venture. He told TechCrunch that he was driven to do so to shift people’s focus onto things that weren’t getting enough attention at the time (in Casa Verde’s case, Black ownership and cannabis investment). “We have a decent-size checkbook and a fairly high profile in this space, so we see...

Kevin Durant Becomes The Face Of Multi-Billion Dollar Crypto Company Coinbase

Kevin Durant is making sure he ends the year off strong signing yet another lucrative deal, this time with Coinbase Global Inc. Bloomberg reports, the Brooklyn Nets basketball star, Thirty Five Ventures — co-founded by himself and Rich Kleiman — and media network Boardroom have signed a multi-year deal to promote the cryptocurrency platform throughout his various businesses. The deal marks a reunion for Durant and Coinbase CEO Brian Armstrong who previously crossed paths in 2016. While playing with the Golden State Warriors, Durant developed a greater interest in Silicon Valley following his desire to grow an investment portfolio in 2016. One year later, Durant participated in Coinbase’s Series D funding round which totaled $100 million at a $1.6 billion valuation, solidifying his relationship with the platform. “Being an early investor in a company you’re excited about is always an amazing feeling,” Durant said, according to Boardroom. “Being able to come back a few years later and...

Dec 15, 2021