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New changes are underway for professional basketball star Kevin Durant on and off the court. Durant is experiencing shifts within his expanding business portfolio. Durant is now an investor in the Champions League winner Paris Saint-Germain (PSG), having purchased a minority stake through Boardroom Sports Holdings, his investment arm established alongside his business partner, Rich Kleiman, according to Sports Illustrated. He signed the deal with Qatar Sports Investments (QSI), PSG’s majority shareholder. “QSI is pleased to welcome Kevin Durant as a direct shareholder in Paris Saint-Germain and strategic partner of our group,” QSI Chairman Nasser Al-Khelaifi said in a company press release. “We continually seek to elevate the club and our broader portfolio through high-impact partnerships that bring strategic value, innovation, and global perspective. Together with Kevin, we look forward to developing ambitious initiatives that will drive the continued global growth of Paris...
Kevin Durant is looking to secure a WNBA team in the city where he played before being drafted into the NBA. The basketball star played at the University of Texas at Austin in 2006 for one year. ESPN reports that during his short time there, he became the Big 12 Player of the Year and earned a Naismith Trophy, the first time in history that a freshman won the award. His talents led him to the NBA in 2007. He was drafted by the Seattle SuperSonics — which no longer exist — in the first round as the second overall pick and secured a four-year rookie contract valued at $19.5 million, per Spotrac. Durant has gone on to become one of the league’s best players and secured two championship rings with the Golden State Warriors after a decade in the league. Now, Durant could be returning to his roots through team ownership. According to USA Today, sources involved in the process named him in a group looking to bid for a WNBA team in Austin, TX. The group also includes former Milwaukee Bucks...
By now, just about every fan of basketball has become well acquainted with the generation-defining legacy of Kevin Durant. The beloved NBA star is regarded as one of the greatest players of all time for his passionate performance, making him one of the most sought-after small forwards in the entire league. Over the course of his 16 seasons on the court, Durant has played for 4 teams, and amassed hundreds of millions of dollars in salary alone. According to Celebrity Net Worth , Kevin Durant currently touts a highly impressive net worth of over $300 million. While this sum comes primarily from his NBA salary, Durant has also bolstered his nest egg with money from endorsement deals , real estate, and many other prudent investments. Given that KD is undeniably in the GOAT conversation, now seems like as good a time as any to take a deep dive into his multiple revenue streams, and see what we can learn about his financial portfolio. For those looking to study the moves of...
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.
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.”
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...
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.
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 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...
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. pic.twitter.com/HxJlbblqII — 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.”
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 🥅 ⚽️ https://t.co/hbKjGjJXnv — 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....
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...