Sports journalist Nathan Baugh shares NBA superstar Kevin Durant’s best investments. The two-time NBA champion has investments in cryptocurrency, delivery startups, and a digital fitness company, to name a few.
Advertisement
The current crop of NBA stars are not only great ball players but business savvy as well. These pro athletes know how to grow their money, especially with the multimillion-dollar contracts offered to them. LeBron James recently became the first active NBA player to be a billionaire.
One such superstar whose investments have not been very public is Kevin Durant. The Nets superstar recently signed a $198M extension with the Nets organization. According to Forbes, Durant ranks 3rd as the highest-paid player in the league.
The 33-year old has investments in more than 80 companies through his firm Thirty Five Ventures. Durant would be reportedly making $87.9M this year, including his off-court earnings.
Sports journalist Nathan Baugh listed down KD’s seven best investments. The eleven-time All-Star has investments in a wide array of industries.
Kevin Durant’s top investments, according to Nathan Baugh.
Kevin Durant is one of the best investors on the planet.
He’s earned $272M from NBA contracts and built a business empire off the court.
THREAD: KD’s 7 best investments.
— Nathan Baugh (@nathanbaugh27) October 29, 2021
1. Coinbase
KD invested in Coinbase in 2017.
With Coinbase’s ~$100B IPO in April, he earned a 61x return.
KD didn’t say how much he invested, but with a usual check size of $250K – $1M, it’s reasonable he made anywhere between $15.2M and $61M. pic.twitter.com/YP6Ta2fMI9
— Nathan Baugh (@nathanbaugh27) October 29, 2021
2. Overtime
Before Overtime realized its vision of an elite high school basketball league, KD invested in its 2018 $9.5M Series A.
Overtime is now valued at $250M+ after its April ’21 raise, including investment from:
– Jeff Bezos
– Drake
– Alexis Ohanian— Nathan Baugh (@nathanbaugh27) October 29, 2021
3. Robinhood
KD invested in Robinhood in 2017 at a $1.2B valuation.
In July, Robinhood made its debut on the stock market at a $32B valuation.
That’s a cool 2,500% return for KD.
— Nathan Baugh (@nathanbaugh27) October 29, 2021
4. Postmates
KD invested $1M into the delivery startup in 2016.
As part of a marketing campaign, he personally delivered Nikes around NYC for Postmates.
Fast forward to 2020 and Uber acquired Postmates for $2.6B, earning Durant a $15M payday. pic.twitter.com/lBZurtqgzs
— Nathan Baugh (@nathanbaugh27) October 29, 2021
5. Acorns
KD on his 2016 Acorns investment:
“Supporting up-and-coming generations by tackling tough issues and empowering them with the tools for success has always been a priority.”
Acorns helps young people invest using change and is going public at a $2.2B valuation.
— Nathan Baugh (@nathanbaugh27) October 29, 2021
6. Dapper Labs
Before NFTs blew up, KD invested in Dapper Labs at a $2.6B valuation.
Since, the company announced a partnership with the NFL, launched WNBA cards, and raised a $250M Series D valuing it at $7.6B.
You know Dapper Labs as the maker of NBA Top Shot.
— Nathan Baugh (@nathanbaugh27) October 29, 2021
7. Whoop
KD first invested in the digital fitness company in 2017 with Whoop valued at $128M.
Its recent Series F valued it at $3.6B.
That’s a 2,800% return in 4 years. pic.twitter.com/dIrZNY1RFJ
— Nathan Baugh (@nathanbaugh27) October 29, 2021
