What is Kevin Durant's Net Worth in 2024?
What is Kevin Durant's Net Worth in 2024?
By Edcel Panganiban June 10, 2024 08:27
Nicknamed KD, Kevin Durant is one of the biggest icons in American pro basketball known for his extraordinary skills and important milestones in basketball.
Here is a detailed look at Kevin Durant net worth in 2024, earnings, endorsements, investments, and how he is giving back to the community.
Kevin Durant's Net Worth
The numbers float around $300 million when speaking about Kevin Durant's total net worth in 2024.
He is currently in his stint in the NBA for the Phoenix Suns after a shocking trade from the Brooklyn Nets in February 2023.
Durant will be paid a hefty sum of $46.4 million in the 2023-24 NBA season. Meanwhile, Durant currently brings in a total of more than $40 million annually off the court, in large part due to high-profile partnerships with companies including Coinbase, NBA Top Shot, and Weedmaps.
Journey to Stardom
Durant grew up playing in the Seat Pleasant gym, where his love for the sport of basketball was as intense as it would ever be.
No one ever doubted his uncommon abilities since he emerged but he was quickly pushed from the start dazzling scouts and coaches.
A sensational high school career was followed by a move to the college game, joining the University of Texas where his production was eerily similar once at the collegiate level.
NBA Dominance
Durant was drafted the second overall pick to the Seattle Super Sonics in 2007.
Durant's time with the Brooklyn Nets, which saw him sign a significant $194.22 million contract extension, turned him into the highest-paid small forward in the NBA until he was traded to the Phoenix Suns in 2023.
Durant is one of the richest athletes in all of sports, his 13 All-Star selections paying him at the highest of levels both on the court and off-court.
Partnerships and Sponsorships Worth Millions of Dollars
Buoyed by businesses with companies like Nike, Coinbase, NBA 2K, and Google, Durant's off the court earnings are huge.
In this regard, his long term relationship with Nike is particularly interesting, as it is essentially a mash-up of signing bonus, with there never having been a full fledged compensation package for an athlete that includes both a shoe deal, an apparel deal, a joint charitable venture, and an enormous retirement package.
Durant's business acumen has made him one of basketball's most visible operator/owners, with an investment portfolio of over 80 companies via his own firm, Thirty Five Ventures (35V), that goes far beyond the hardwood.
Philanthropy and Investments
Outside of basketball, Durant has also shown considerable dedication to philanthropy and smart investments. 35V the firm which Durant co-founded with partner Rich Kleiman has taken home runs in various ventures Yoshi, Rubrik, Whoop and others.
Durant notably set up media brand the Boardroom and executive produced the 2021 Oscar winner "Two Distant Strangers."
Beyond that, Durant has invested in a professional sports team and women's sports media, presenting a more complex and diversified strategy to his investments and philanthropy.
The Legacy
While Kevin Durant writes his own book in the pages of basketball history, his journey is a Tale From the Darkside for any athlete and entrepreneur in the world.
A god given genius, a relentless work ethic and a brilliant business mind have propelled Durant from the world of sports into the public eye.
His star shall forever burn bright and light the way for those to come.
In 2024, the updated version of Kevin Durant's net worth rightly represents his high level on-court performance and marks the success of his strategic investments, endorsement deals, and philanthropic efforts.
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