NBA Rumor: Kevin Durant Business

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Kevin Durant continued his investing hot streak when health tracking firm WHOOP announced a $200 million Series F funding round Monday at a $3.6 billion valuation. The four-time NBA scoring champ first invested in the company in 2017, and WHOOP was tabbed at a $125 million valuation during its Series C the following year. The new appraisal means a roughly 2,800% return for KD and his investment vehicle Thirty Five Ventures. It caps a stellar month for Durant. He led Team USA to a fourth straight gold medal in a classic performance to beat France, a week after he became the all-time U.S. leading scorer. Next came a four-year, $198 million contract extension with the Brooklyn Nets, with his club entering the 2021-22 season as the NBA title favorites.

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The list also includes the value of some high profile investments like Kevin Durant’s estimated $15 million stake in Postmates, which was bought by Uber in December, Sportico reports. (It apparently doesn’t cover his big gains in Coinbase.) That said, KD’s estimated income from the period examined by Sportico is a whopping $80.1 million, $32.1 million in salary, $48 million in endorsements, sponsorships and profits from investments. That places him ninth overall, between Tom Brady and Steph Curry. Among team athletes rather than boxers, golfers and tennis players, KD ranks seventh and among NBA players second, behind only LeBron James who made an estimated $101.8 million.

While athletes are being told to shut up and dribble, Durant excels as both baller and businessman. Since its 2017 inception, his company Thirty Five Ventures, run alongside his longtime business manager Rich Kleiman, has already made twice that many ventures in a burgeoning portfolio. “We’re up to over 70 investments now, and the portfolio continues to grow. We’re focused on strategic investments where we feel like we can make an impact, or where there’s potential alignment with [The] Boardroom in addition to being smart investments,” Durant told The Post. “There’s a new partnership in the women’s sports space that we’ll be announcing soon that I’m very excited about.”
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