The Phoenix Suns star, who is among the top-paid players, spends his US$200 million net worth on real estate and vacations with Drake.
Kevin Durant, one of the richest and highest-paid players in the NBA, has earned $300 million during his career. However, he frequently contributes a large portion of his money to philanthropic causes.
The shrewd Durant has invested in Coinease and oversees over 75 companies in his investment portfolio. He collaborates with Rich Kleiman on 35 ventures.
Many people believe that Kevin Durant is one of the best players in the NBA right now and one of the best ever. It’s not surprising that the former player for the Golden State Warriors and current member of the Brooklyn Nets is among the wealthiest, as he is one of the best shooters and scorers in the league.
Over the course of his 15-year career, the 12-time All-Star and one-time MVP has earned over $300 million. Based on celebrity net worth, he is the third-highest-paid NBA player ever and is estimated to be worth approximately $200 million. This year’s NBA play-in tournament star will be Kieren Durant.
His pay is only going to increase as he is expected to sign a US$196 million, four-year contract this season.
Durant made an estimated US$85 million in revenue last year, of which US$46 million came from revenue streams.
The company’s website states that Durant and his agent/business partner Rich Kleiman’s 35 Ventures have a vast investment portfolio consisting of over 75 companies.
A few of those investors have failed. For example, his investment in Coinscene, which went public in 2021, is now worth 53 times what he first invested when the company was at its highest.
Through the network BoardRoom, 35 Ventures has also entered the television industry, producing series including Swagger and, most recently, a documentary called NYC Point Gods.
Over time, 35 Ventures has expanded dramatically. The company is headquartered in Chelsea, Manhattan, and employs around thirty full-time staff members.
A profitable Nike endorserIt’s estimated that Durant’s Nike contract alone is worth over $300 million.
Durant’s extravagant real estate holdings
He sold his Oklahoma City condo for US$1.1 million after signing with the Oklahoma City Thunder. The condo, which was comprised of two apartments, was actually sold by Durant at a loss.
He owned a stunning eight-story home in the Oakland Hills neighborhood while he was a player for the Warriors. It was later marketed for US$5.9 million.
Additionally, Durant formerly owned a four-bedroom, six-bathroom home in Maliʄu, which he sold in 2019 for US$12 million.
Although the precise location of Durant’s home in New York is unknown, Fores described it as a “sleek and infinitely long” apartment overlooking the High Line on the west side of Manhattan.
Overspends
In order to hold meetings, he paid US$100,000 as a free agent in 2016 to rent a Hamptons home for ten days.
He rented a US$90,000-per-month house in LA to recover from a torn Achilles in 2019. He added sentiment to his recreation as well.
While Durant never stays out of the spotlight, he has been seen holidaying in St. Tropez, Turks, and Caicos with Drake this off-season alone.
Durant hasn’t been photographed in any cars, but he did reportedly have a very red Camaro, which he designed one of his Nike trainers after.The New York Times also reported that he drew a Tesla while he played with the Warriors, but it’s unclear what Tesla.
Give to worthy causes
In 2013, he donated US$1 million to tornado relief in Oklahoma. Durant also established a “million”-dollar program in Prince George County that helps prepare kids for university.
His Kein Durant Charity Foundation fights homelessness and hunger and refurbishes all courts in low-income neighborhoods.