With assets worth $170 million, Durant is one of the 10 richest basketball players of all time – but his money isn’t just for mansions and super cars.
Kevin Durant is not only a great basketball player, he also owns a desirable fortune. Recent statistics estimate the Brooklyn Nets athlete’s net worth at a whopping $170 million, making him one of the 10 richest basketball players of all time. His unusual basketball skills coupled with lucrative endorsement deals are enough to ensure that the 30-year-old won’t be able to spend all his money, at least in the near future.
How will a basketball superstar, a millionaire, run out of that money? Let’s take a look at Kevin’s spending habits – some of which are sure to surprise even the young athlete’s biggest fans.
Business Investment
As of May 2019, Kevin Durant’s investment company has invested in more than 30 different businesses in the United States. Some of the many businesses he has purchased stock or equity in are Coinbase, Rubrik, LimeBike, Postmates, The Trib Tribune, and investment app Acorns.
Car
Kevin Durant clearly loves driving supercars. He was once seen driving a Ferrari California worth $200,000. Other cars he’s driven over the years include a Lamborghini, various Jeeps, Range Rovers, Ferraris Porsches, Mercedes-Benz and a classic 1966 Ford GT 40.
Villa
Many rich people like to collect special objects. In Kevin’s case, he seems to like collecting houses. According to estimates, he has spent about $30 million buying houses in various parts of the country – and he also periodically sells houses that no longer suit his tastes.
But what is surprising is that it seems he is not good at making money from real estate because he is making profits from other investments. Recently, he sold his beachfront villa in Malibu for just over $100,000, quite small compared to the amount he bought. This amount is almost completely swallowed up by the amount spent on brokerage commissions and other fees.
Charity
Kevin Durant clearly has a generous heart for the less fortunate, often spending money on charitable causes. About two years ago, he donated $10 million in advance to help teenagers in Prince George’s County, Maryland, attend college. The money, given through his philanthropic foundation, created the first College Track program on the east coast to improve college admission rates for students from low-income families and underrepresented students. from families with children attending college for the first time.
Other charitable contributions include a $57,000 grant to the private school Positive Tomorrows to build a new school for homeless children in Oklahoma City – Durant is a former member of the Oklahoma City Thunder – and a $1 million gift to the Red Cross to provide relief to tornado victims in the area. Also a former player for the Texas Longhorns, Durant recently awarded the University of Texas a $3 million grant to help strengthen the school’s basketball program.
Kevin Durant clearly enjoys spending the money he earns. At the same time, he does not spend everything on luxury items that have no long-term investment effect. As a smart investor with good business sense, he knows how to use his money to create long-term profits. Moreover, he also has a generous heart, always prioritizing the education of children and youth in difficult circumstances. In short, Kevin is a man of integrity and thoughtfulness who knows how to manage his million-dollar assets, to make the most of them now and in the future.
