Net worth

Kevin Durant added massively to his net worth as he grew this startup from $ 1.5 billion to $ 100 billion in just a few years

Kevin Durant is one of the richest stars in the NBA alongside LeBron James, James Harden, Stephen Curry and others. NBA players enjoy huge, multi-million dollar contracts throughout their careers, of which Durant is one. Durant, like other stars in the league, has invested in businesses. A recent business venture on his part made the news while 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 initially invested in Coinbase, it remains valued at $ 1.6 billion. Reports from Joe Pompliano suggest the company could go public with a current valuation of $ 100 billion.

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Brian Armstrong launched Coinbase in June 2012. Since Durant’s initial investment, the company’s valuation has increased 61.5 times. Durant appears to have landed a jackpot with his investment in the business, paying off and adding to his already astonishing net worth of $ 200 million.

Two-time NBA champion, Durant began his career with the Oklahoma City Thunder in 2007. The NBA named him “Rookie of the Year” in his first NBA season. He was also named MVP of the Finals in his two NBA title-winning Finals. With the United States Men’s National Basketball Team, Durant won three Olympic gold medals.

Kevin Durant and his various business ventures

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Durant is a key player for the Brooklyn Nets alongside other stars in their lineup. Plus, he has an NBA salary that’s worth around $ 42 million. Durant also partnered with Rich Kleiman on other business ventures. Together, the duo founded Thirty Five Ventures in 2017.

NEW YORK, NY – JULY 24: Professional basketball player Kevin Durant addresses students at 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 Oscar for Short Film (Live Action).

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In addition, he acquired a 5% stake, making him a minority owner of the MLS Philadelphia Union team. Durant was recognized for his accomplishments when Time magazine named him to the list of the 100 Most Influential People of 2018.

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