Kevin Durant Added Massively To His Net Worth By Taking This Startup From $1.5 Billion to $100 Billion in a few years

Published 12/15/2021, 12:26 PM EST


Kevin Durant is one of the richest stars in the NBA alongside LeBron James, James Harden, Stephen Curry, and others. Players in the NBA enjoy massive multi-million dollar contracts throughout their careers, with Durant being one of them. Durant, like other stars in the league, has invested in business ventures. A recent business venture of his made news while also earning him a profit.

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Alongside his business partner, Rich Kleiman, Durant, invested in Coinbase, a company that operates a cryptocurrency exchange platform. When Durant had initially invested in Coinbase, it remains valued at $1.6 billion. Reports by Joe Pompliano suggest that the company could go public with a current valuation of a whopping $100 billion.

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Brian Armstrong started Coinbase in June 2012. Since Durant’s initial investment, the company has increased in valuation by 61.5x. Durant seems to have hit a jackpot with his investment in the company, bearing fruit and adding to his already astonishing $200 million net worth.

A two-time NBA champion, Durant started his career with the Oklahoma City Thunder in 2007. The NBA named him the ‘Rookie of the Year’ in his first season of the NBA. He was also named the Finals MVP in both his NBA titles winning finals. With the US national men’s basketball team, Durant won three Olympic gold medals.

Kevin Durant and his varied business ventures

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Durant is a key player for the Brooklyn Nets alongside some other stars on their roster. Moreover, he has an NBA salary that is worth approximately $42 million. Durant has partnered with Rich Kleiman on some other business ventures too. Together, the duo founded Thirty Five Ventures in 2017.

NEW YORK, NY – JULY 24: Professional basketball player Kevin Durant speaks to students during the KD Build It and They Will Ball court ceremony on July 24, 2017 in New York City. (Photo by Cindy Ord/Getty Images for Kevin Durant Charity Foundation)

One of Thirty Five Ventures’ works, ‘Two Distant Strangers’, received immense media recognition when it won the 2021 Academy Award for Short Film (Live Action).

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Also, he acquired a 5% stake, effectively making him a minority owner of the MLS team Philadelphia Union. Durant received recognition for his achievements when Time magazine named him on the list of the 100 Most Influential People of 2018.

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Shalom Saldanha

255 articles

Shalom Saldanha is an NBA writer at EssentiallySports. Currently pursuing his journalism degree, he has previously worked as a sports corresspondent for India Shorts/Business Upturn. A Giannis Antetokounmpo and Bucks fan, Shalom primarily got into the sport after discovering that he shared a mutual love for Arsenal with the 'Greek Freak'.

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