How Kevin Durant Achieved a Net Worth of $170 Million
NBA star player Kevin Durant is one of the most popular players in the history of the game. He’s up there with the likes of LeBron James, and he’s managed to accumulate a net worth of $170 million. He’s a 9-time all-star who has also been recognized once as Most Valuable Player. He’s consistently been one of the most highly lauded players in the NBA, but how did he become so very rich? Was it all from his career in basketball or did he make other investments? We looked into his career and his history and this is what we found.
His career
It began when Kevin was attending the University of Texas. He was playing basketball for the team and he had just experienced an amazing freshman year. He was drafted by the Seattle Supersonics in 2007. Although the team is no longer in existence, they were a force to be reckoned with. Durant had a good first year with the Sonics and was recognized as NBA Rookie of the Year. He followed along when the team changed their name to the Thunder and relocated to Oklahoma City. His second year wasn’t as impressive but he made improvements and had a great season in 2009-10. He stayed with the Thunder until leaving in the 2015-16 season to play with the Golden State Warriors. He signed a two year deal with them. He had become a free agent just previous to that. In Durant’s tenure with Golden State he’s already won 2 championships being named named MVP of the finals twice. In 2018, Durant signed a two year contract with a guarantee of $61 million. This included $30 million for 2018 and $31 million for the following year. His total estimated earnings from the NBA throughout his 11 year career is estimated at almost $158 million. By 2020, it is estimated that his lifetime earnings through the organization will be at least $218 million.
Kevin Durant made wise investments
In addition to earnings as an NBA Player, Durant made investments in the stock market as well as private companies. He co-founded the Durant Company with Rich Kleiman, his agent. The company has an investment portfolio that includes positions in The Players Tribune, Postmates and Coinbase. He also founded a company that is called Thirty Five Media. It’s a production company that specializes in the production of YouTube content. When we became aware of the investments that Kevin Durant has made along with the development of two companies, we realized that in as much as he is a star athlete, he is also a brilliant entrepreneur.
His endorsements
As Durant achieved a stunning level of popularity and as a celebrity NBA player, there were brands interested in signing him on to endorse their products. He agreed to a deal with Nike corporation for a seven year contract. Upon its expiration, Nike offered him another contract that will run through 2024. Other endorsement deals that were made include Beats Electronics and Alaska Airlines. According to Forbes, Kevin Durant is bringing in an additional $32 million a year in endorsements alone.
His lifestyle
Kevin Durant purchased a property in Malibu, California for a cost of more than $12 million. It’s an estate that features four massive bedrooms, six bathrooms an a host of high-end amenities. Kevin Durant is a very rich man and his home reflects his financial status.
Kevin Durant’s huge accomplishments
The 30 year old player has come a long way in a short time. His talent and popularity on the court as a member of the National Basketball Association teams have given him the opportunity to earn tens of millions of dollars per year, and he’s still going strong. He’s signed with several multi-million dollar endorsement contracts which stipulate guarantees for several years, taking him well into the 2020’s. His other businesses and investment portfolio offer yet more income streams which are long-term strategies. He’s done more by the age of 30 that many people are able to accomplish in a lifetime. He’s a very wealthy athlete and entrepreneur who has managed to amass a net worth of $170 million. He has a lot of years left, so we’re of the opinion that this is a fraction of what he will be worth in the future.
