Kevin Durant is one of the best and highest-paid American professional basketball players in the NBA, having played for multiple teams. He’s also a successful investor and entrepreneur through his firm Thirty-Five Ventures.
Kevin Durant’s net worth in 2024 is estimated at $320 million.
Here, we’ll dive into his life story, career, and net worth to learn more about Durant – one of the most successful players in NBA history and winner of two NBA finals.
How Much is Kevin Durant Worth in 2024?
Kevin Durant’s net worth in 2024 is estimated to be $320 million. Below is a breakdown of his major sources of income and assets:
- Annual NBA salary: $45 million.
- Endorsements earnings per year: $45 million from deals with Nike, American Family Insurance, and Gatorade, among others.
- 35V investments: $250 million through his investment firm, Thirty-Five Ventures.
- Other investments: $20 million in sports teams and startups.
- Real estate: $50 million, including properties in Hidden Hills, LA.
Kevin Durant Net Worth Breakdown:
Kevin Durant keeps most of his financial information private, like many wealthy people, which makes it impossible to determine his exact net worth.
However, we’ve been able to collect plenty of public information surrounding her various sources of income, investments, assets, and business ventures to build a careful estimate.
| Asset or Income Source | Contribution to Net Worth |
| Annual NBA salary | $45 million |
| Endorsements earnings per year | $45 million |
| 35V investments | $250 million |
| Other investments | $20 million |
| Real estate | $50 million |
| Total Net Worth | $320 million |
7 Fun Facts about Kevin Durant
- Two-Time NBA Finals MVP: Durant led the Golden State Warriors to back-to-back NBA championships in 2017 and 2018.
- Olympic Gold Medalist: Durant has four Olympic gold medals, a record in men’s basketball.
- 35 Ventures: Durant has invested in over 100 startups, including Coinbase and Robinhood, making his investment firm highly successful.
- Endorsement King: Durant is one of only three basketball players to sign a lifetime contract with Nike, joining Michael Jordan and LeBron James.
- Philanthropy: Through the Durant Family Foundation, he’s made significant contributions to youth education and sports programs.
- Real Estate Enthusiast: Durant has bought and sold multiple properties, including a mansion in Hidden Hills, California, worth $15.6 million.
- Hollywood Star: Durant starred in Thunderstruck, a family sports movie where he played a fictionalized version of himself.
Latest News & Controversies
- Phoenix Suns Journey: After a short and tumultuous stint with the Brooklyn Nets, Durant was traded to the Phoenix Suns during the 2022–23 season. His performance remains pivotal as the Suns aim for an NBA championship.
- Paris 2024 Olympics: Durant played a key role in Team USA’s gold-medal victory at the Paris 2024 Olympics, cementing his status as a dominant player on the international stage.
- Expanding Investments: In 2024, Durant expanded his investment portfolio through 35 Ventures, investing in various AI companies and sports teams like Paris Saint-Germain (PSG) and Major League Pickleball
Early Life
Kevin Durant was born Kevin Wayne Durant on September 29, 1988, in Washington, DC. Durant’s father deserted the family when he was young and his parents eventually divorced. Durant was raised by his grandmother Barbara Davis.
Kevin Durant’s Net Worth: The Sporting Career of a Basketball Icon
Durant’s NBA career began when Seattle SuperSonics selected him as the second overall pick in the 2007 NBA draft out of the University of Texas. It was a successful campaign for Durant and he earned the NBA Rookie of the Year Award with average points of 20.3 per game that season.
In 2008, the SuperSonics team relocated to Oklahoma and renamed themselves Oklahoma City Thunder. Durant led the team to its first playoff appearance in the 2009-2010 season. In the 2011–12 season, the Thunder made it to the NBA finals but lost to Miami Heat in a five-game series.
Durant signed a five-year contract extension with the Thunder before the 2010-2011 season which was estimated at around $86 million. He led the NBA in total points for five straight seasons beginning 2009-2010. During the 2013-2014 session, Durant set career highs of 32 points and 5.5 assists per game and was voted the NBA Most Valuable Player. In that session, he scored 25 points or higher in 41 consecutive games and surpassed Michael Jordan’s record.
In 2016, Durant left Oklahoma City Thunder to join the Golden State Warriors. In the 2016-2017 season, he averaged 35.2 points per game in the finals as the Warriors won the league championship. In the 2017-2018 season, he led the Warriors to another NBA title. Durant averaged 28.7 points per game that season, earning him his second finals MVP award.
Kevin Durant signed a contract with the Brooklyn Nets in 2019 and later entered into a four-year contract extension in the 2021 offseason. However, his tenure with the team was known for a range of controversies and disagreements rather than on-court action. Eventually, he was traded to the Phoenix Suns midway through the 2022–23 season.
Kevin Durant’s Basketball Salary
Kevin Durant’s salary for the 2023-2024 season is $47.7 million which makes him the second highest-paid athlete in the season after Stephen Curry. The salary from the NBA team adds to Kevin Durant’s income which he then uses to invest through his investment company.
Durant’s Appearances for Team USA in the Olympics
Durant has also been part of Team USA at the Olympics and is among the few male basketball athletes to play in three or more Olympics for the country. He played a key role in helping the country win gold medals in the Olympic Games Paris 2024.
He was also part of the winning teams at the Olympic Games at Tokyo 2020, Rio 2016, and London 2012. Durant has earned four Olympic gold medals which is a record. He also won a gold medal at the 2010 FIBA World Championship.
Kevin Durant’s Investments
While Kevin Durant is best known for his basketball career, he is also a prolific investor, and through his 35 Ventures (35V) he has invested in over 100 startup companies. 35V is a sister company to Boardroom, a multi-faceted sports, media, and entertainment company. It also houses Durant’s personal brand and business deals as well as the Durant Family Foundation. Here are some of Durant’s investments:
- Durant’s investment into Coinbase was among his most profitable and the 2017 investment jumped multi-fold when the cryptocurrency exchange went public in 2021 through a direct listing. While Coinbase stock has come down from its all-time highs, it is up significantly over the last year amid the rally in digital assets.
- Durant’s fund invested in Robinhood in 2017. It was also a successful investment and the popular retail trading app went public in 2021.
- Micro investing app Acorns is another of Durant’s successful investments. The company’s previous attempt at going public wasn’t successful but it is eyeing an IPO over the next couple of years.
- Durant has also invested in the life insurance company Ethos. Jay-Z, Will Smith, and Robert Downey, Jr. have also invested in the company.
- 35 Ventures has invested in machine learning startup Hugging Face. The fund has also invested in artificial intelligence companies like AI-powered asset management platform ScorePlay.
Durant’s Sporting Investments
Durant has also invested in some sports ventures. Earlier this year, Durant’s Boardroom Sports Holdings invested in Paris Saint-Germain (PSG) which is one of the leading soccer clubs in Europe in both the men’s and women’s games.
In 2022, he invested in the NY/NJ Gotham National Women’s Soccer League franchise and became a minority shareholder.
Durant is also the co-owner of the Brooklyn Aces in Major League Pickleball. In 2020, he bought a 5% stake in major league soccer side Philadelphia Union and the agreement gives him an option to purchase an additional 5% stake in the company.
Durant, who is a backer of women’s sports, says he “enjoys” watching the WNBA. Speaking about WNBA he said, “Once people build up the love for the game, they’ll understand a little bit more.” He advises those watching the WNBA to “just watch more, try to take in a game more, and have an open mind when you’re watching the game.”
In the same interview with Insider, he said, “I pretty much follow all the girls and try to keep up with the box scores and see how they are doing each night and watch as much as I can.”
Durant has also put his money where his mouth is. Along with women’s sports teams, he’s invested in the women’s sports company Athletes Unlimited. “Athletes Unlimited is at the forefront of women’s sports and an inspiration for how sports leagues can thrive with an athlete-first business model,” said Durant in a statement.
He’s also invested in Just Women’s Sports. These investments not only add to Kevin Durant’s net worth but also help him realize his vision of expanding women’s sports.
Durant is not the only basketball player to venture into the world of investing. LeBron James who is arguably the best basketball player who ever lived, is also a billionaire entrepreneur and successful investor.
Kevin Durant’s Real Estate Investments
Kevin Durant has also invested in real estate and has bought and sold several properties in the past. In 2021, he reportedly bought a mansion in LA’s Hidden Hills neighborhood for $15.6 million.
Product Endorsement Deals
Like many celebrities, endorsement deals are a key contributor to Durant’s net worth. He’s only the third basketball player to sign a lifetime contract with sneaker giant Nike. NBA legends Michael Jordan and LeBron James are the other two players who share the honor.
Looking at other endorsements, American Family Insurance signed Durant as a brand ambassador in 2015. Panini, Skullcandy, Gatorade, Sonic Drive-In, and Sprint are some of the brands that Durant has endorsed. Forbes estimates that he makes around $45 million annually from endorsement deals.
Durant also starred in Thunderstruck where he played his semi-fictionalized version of himself.
Kevin Durant’s Philanthropy
Kevin Durant is also active in philanthropy and founded the Durant Family Foundation in 2013. The Foundation is presided over by his mother Wanda and its mission is to “enrich the lives of at-risk youth through educational, athletic and social programs.”
The organization has committed money to various causes. In 2022, it committed $500,000 towards renovations of the basketball arena in the Leonidas S. James Physical Education Complex at Bowie State University.
In 2020, Kevin Durant along with Degree Deodorant announced a $1 million donation to youth organizations amid the coronavirus pandemic. The two teamed up again in 2024 and announced a $1 million donation to several organizations to help teach kids how sports can combat social issues.
What Can We Learn from Kevin Durant’s Life?
Devin Durant’s life journey is the proverbial rags-to-riches story.
His inspirational journey mirrors that of many of the most successful people in the world like former Starbucks CEO Howard Schultz, Nasty Gal founder Sophia Amoruso, and Zara owner Amancio Ortega who became rich and successful despite their humble backgrounds.
Durant was able to smartly grow his small fortune from his sporting career into a massive one with his investment fund.
This is common with actors, athletes, and other celebrities. For example, the bulk of Rihanna’s net worth comes from her fashion brand, Fenty Beauty, and Kylie Jenner and Kim Kardashian are cosmetics kingpins.
His life is an example of how one can become rich with determination and courage despite all the hardships he had to go through in his childhood.