Kevin Durant’s turned 32 yesterday! While I’m admittedly not his biggest fan on the court, he’s clearly established himself as one of the best players to ever pickup a basketball.
While everyone trashed him for joining the Golden State Warriors, he made good use of his time there picking up 2 NBA championships and putting in the work off the court to ensure he’s on his way to joining an elite club of basketball billionaires!
Durant is expected to earn over $500M from NBA contracts and sponsorships throughout his career (his current contract is a 4 year, $164M deal with the Brooklyn Nets).
His plan to turn that half a billion in gross income into billions?
Thirty Five Ventures.
In 2017, Kevin Durant and his manager, Rich Kleiman, co-founded Thirty Five Ventures; a venture capital firm designed to house all their investments in sports, tech, media and culture. Since it’s launch, the duo has deployed millions into over 50 startups.
When it comes to investing his hard earned capital, Kevin Durant does his due-diligence. During his time with the Warriors in San Francisco, Durant continuously picked the brain of successful VC’s like Chamath Palihapitiya, Marc Andreessen, and Ben Horowitz.
A 400+% return on his investments.
Overall, Kevin Durant has managed to build an impressive investment portfolio:
- Q Bio
- Philadelphia Union
When Uber acquired Postmates for $2.65B, Durant turned his $1M initial investment into $15M.
While he continues to chase
LeBron championships and build his wealth, Kevin Durant has one major goal for his future.
“I want to own and run an NBA team, run day-to-day operations, and impact young players coming through the league.”
As of now, Michael Jordan is the only billionaire in basketball. While LeBron James and Magic Johnson are getting close (update
LeBron is now a billionaire
); don’t be surprised if Kevin Durant gets there just shortly after his playing days come to an end. Or who knows, with his network and the way investing in startups works, he may become the first active player billionaire in all of basketball! Second to only LeBron of course ;)