Kevin Durant isn’t just an amazing basketball player, he’s also an amazingly wealthy one. Recent statistics estimate the Brooklyn Nets forward’s net worth at a whopping US$170 million, making him one of the top 10 richest basketball players of all time. His out-of-the-ordinary basketball skills, coupled with his lucrative endorsement deals, pretty much ensure the 30-year-old won’t be out of cash anytime in the foreseeable future.
How does a young, multimillionaire basketball superstar spend all that money? Here’s a peek into Kevin’s spending habits – some of which are certain to come as a surprise even to his biggest fans.
Business investments
As of May 2019, Kevin Durant’s investment company had invested in more than 30 different businesses in the United States. Some of the many businesses that he has bought stock or equity in are Coinbase, Rubrik, LimeBike, Postmates, The Player’s Tribune and the investment app Acorns.
Cars
Kevin Durant clearly enjoys driving a variety of luxury vehicles. He’s been spotted in a Ferrari California worth US$200,000. Other cars he’s driven over the years include a Lamborghini, various Jeeps, Range Rovers, Ferraris, Porsches, Mercedes-Benz models and a classic 1966 Ford GT 40. Rumour has it that he owns an entire garage full of expensive cars.
Mansions
A lot of rich people enjoy collecting speciality items. In Kevin’s case, he seems to like collecting homes. Estimates indicate that he has spent about US$30 million buying houses in various parts of the country – although it’s also worth noting that he also periodically sells houses that no longer suit his fancy.
Surprisingly, it doesn’t seem he’s as good at making money off real estate as he is at turning a profit on other investments. He recently sold his multi-level, oceanfront mansion in Malibu for a mere US$100,000 more than he bought it for, money that was almost totally swallowed up in real estate commissions and other fees.
Charitable causes
Kevin Durant clearly has a heart for the less fortunate and regularly gives money away to charitable causes. He donated US$10 million two years ago to help children in his native Prince George County, Maryland, attend college. The money, which was given through his charitable foundation, created the first College Track programme on the east coast to improve college entry rates for children from low-income families and first-generation college students.
Other charitable contributions include a US$57,000 donation for 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 still feels the love – and a US$1 million gift to the Red Cross for tornado relief work in the area as well. Also a former Texas Longhorns player, Durant recently gave the University of Texas a US$3 million donation to help strengthen the school’s basketball programme.
Kevin Durant clearly enjoys his hard-earned cash to the full. At the same time, he doesn’t spend it all on luxury items that won’t do him any good long-term. As a savvy investor with good business sense, he invests a great deal of his money into pursuits that will generate returns long-term. What’s more, he has a generous heart and puts a premium on educating children and young people in need. In short, Kevin is a loyal and caring man who also clearly knows how to manage his millions to make the most of them now and in the future.
