Side quests for NBA players are quite common now. We have Michael Jordan with the Jordan brand. Then there are LeBron James and Stephen Curry, both well-known business-savvy players with extremely successful ventures and investments. And on that long list is Kevin Durant.

The Phoenix Suns forward is estimated to be worth around $300 million. Most of his earnings are from his basketball contracts. But a large chunk of this is from his endorsements for Nike, Google, Skullcandy, Panini America, Alaska Air Group, and Gatorade, to name a few. While he may have this throughout his playing career, Durant must think long-term, post-retirement, and that is where his investments come in.

Kevin Durant reaps the profits of his smart choices

Through his endeavor Thirty-Five Ventures, Kevin Durant has invested in more than 40 companies, emphasizing sports, e-sports, tech, and broadcasting. And one of his projects has given him better returns on his investment. The Slim Reaper holds a 5% stake in the Major League Soccer team, the Philadelphia Union. According to recent valuations made by Sportico, it has shown a significant growth of about 5%, matching KD’s ownership stake. This makes them 15th among the 28 teams, with the highest earners being Los Angeles FC and LA Galaxy. But this investment by Durant was not just about the money though.

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Kevin Durant joined as the investor and community partner of the Philadelphia Union in June 2020 with the option to purchase an additional 5% in the future. Speaking on the move, Durant shared, “I’m excited to partner with the Philadelphia Union for years to come. My team and I connected instantly with the Union coaching staff and leadership, as well as the team’s story. Off the pitch, I’m looking forward to working in the Chester and Philadelphia communities and making an impact in the same way that the KDCF has been able to in my hometown of Prince George’s County.”

Durant is not the only celebrity investor in MLS teams. Hall of Fame point guard Steve Nash has been the partial owner of Vancouver Whitecaps FC since 2009. In 2019, James Harden entered the league with a stake in the Houston Dynamo. Magic Johnson, known for his investments in MLB’s Los Angeles Dodgers, also partly owns the Los Angeles FC, along with the Los Angeles Sparks (WNBA) and the Washington Commanders (NFL). More recently, Milwaukee Bucks center Giannis Antetokounmpo, along with his brothers Thanasis, Kostas, and Alex, became part-owners of Nashville SC in March 2023.

Coming to Kevin Durant, besides this $555 million venture, one of his other successful investments is Postmates, in which he spent approximately one million dollars in 2016. Come 2020, the company had grown so much that it was acquired by Uber at $2.65 billion. This would result in Durant taking home around $15 million.

What do you think of Kevin Durant’s big moves? Let us know in the comments.

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