Kevin Durant is almost a billionaire.
$351,439,033 in NBA money and even more off the court.
KD makes a lot from the Nets.
He signed a 4-year $164M contract in 2019.
Breakdown: – $41,000,000/year – $3,416,667/month – $113,888/day – $4,745/hour
Kevin Durant’s 7 Best Investments
Durant has signed many lucrative contracts since being drafted and more are on the way.
7. Dapper Labs
KD invested in Dapper Labs at a $2.6B valuation before NFTs blew up.
You know Dapper Labs as the maker of NBA Top Shot.
They recently raised a $250M Series D valuing it at $7.6B.
6. Robinhood
KD invested in Robinhood at a $1.2B valuation in 2017.
Robinhood made its debut on the stock market at a $32B valuation last year.
If he sold at IPO it was a 2,500% return.
5. Overtime
KD invested in their 2018 $9.5M Series A.
Over the last 4 years, its valuation has skyrocketed to $250M.
The Overtime basketball league is paying young hoopers $100k+ a year.
4. Acorns
KD invested early on in Acorns which helps young people invest using spare change.
They are going public at a $2.2B valuation.
3. Postmates
KD invested $1M into the delivery startup in 2016.
Uber ended up acquiring Postmates for $2.6B, earning Durant a $15M payday.
As part of a marketing campaign, he delivered shoes around NYC.
KD first invested in Whoop when it was valued at $128M.
The digital fitness tracker has recently been valued at $3.6B.
That’s a 2,800% return for KD.
1. Coinbase
In 2017, KD decided to invest in Coinbase.
They had a $100B IPO last year which netted him a 61x return.
With most of his checks being around $1M, it’s reasonable to assume he made $61M.
Kevin Durant’s Current Investments
So how has KD been able to make all of these investments while still hooping?
Rich Kleiman and Thirty Five Ventures.
– Skydio – Rally – Lime – ReserveBar – Rubrik – Sleeper
Along with his company Boardroom.
They plan to own an NBA team one day.
Kevin Durant Endorsements
KD is doing $50M/year on endorsements.
His original deal with Nike was for 10 years at $280M and w/ a $50M retirement package.
The royalties from his signature KD shoe are enough to set his family up for generations.
Nike is hardly KD’s only deal.
He has also signed with: • Alaska Airlines • Google • Sprint • Sonic • Gatorade • Panini • General Electric • 2K Sports
KD has given back through: • The American Red Cross • Charity donations to schools • College Track at The Durant Center • P’Tones Records
Durant has shared his wealth through numerous philanthropic causes.
“I want my kids & their kids to benefit from this time in my life & not ever have to go through what I went through.”
KD is at the forefront of wealthy athletes giving back to their communities.
