Kevin Durant Net Worth

Kevin Durant’s Net Worth: A Deep Dive into the NBA Superstar’s Wealth

Kevin Durant, a name synonymous with basketball excellence, has not only dominated the court with his scoring prowess but has also built an impressive financial empire. This article delves into Kevin Durant’s net worth, exploring his career earnings, endorsement deals, investments, and more, providing a comprehensive look at how he amassed his wealth.

Early Life and Career Beginnings

Born Kevin Wayne Durant on September 29, 1988, in Washington, D.C., Durant’s early life was marked by challenges. Raised primarily by his grandmother, Durant’s upbringing instilled in him a strong work ethic and determination. He has a sister, Brianna, and two brothers, Tony and Rayvonne. The family lived in Prince George’s County, Maryland. His father returned when Durant was 13, and they spent time traveling to basketball tournaments together. This marked the beginning of his journey to basketball stardom. Growing up in the Washington, D.C., area, he honed his skills in Amateur Athletic Union (AAU) basketball, playing alongside future NBA talents like Michael Beasley, Greivis Vasquez, and Ty Lawson. His journey started in Maryland, playing for various teams before entering the NBA.

Durant’s high school career saw him play at National Christian Academy, Oak Hill Academy, and Montrose Christian School. He quickly became a highly sought-after recruit, recognized as one of the top prospects in the nation. His talent led him to commit to the University of Texas before his senior year. He earned the “Washington Post” All-Met Basketball Player of the Year and was named the Most Valuable Player of the 2006 McDonald’s All-American Game. His high school career set the stage for his collegiate success.

At the University of Texas at Austin, Durant continued to shine, averaging 25.8 points, 11.1 rebounds, and 1.3 assists per game during the 2006-07 season. He was the unanimous national player of the year, winning prestigious awards such as the John R. Wooden Award and the Naismith College Player of the Year Award. After one stellar season, Durant declared for the NBA draft, and his jersey number 35 was retired by the Longhorns, a testament to his impact on the program.

Professional Basketball Career

Durant’s professional career began when he was selected as the second overall pick by the Seattle SuperSonics in the 2007 NBA draft. He immediately made an impact, earning the NBA Rookie of the Year award by averaging 20.3 points, 4.4 rebounds, and 2.4 assists per game. The following year, the SuperSonics relocated to Oklahoma City, becoming the Thunder. Durant’s scoring average improved, and he became a candidate for the Most Improved Player Award. During this time, he reached his final height of 6 ft 11 in (2.11m).

His career continued to ascend. He was selected for his first NBA All-Star Game in the 2009-10 season and became the youngest NBA scoring champion, averaging 30.1 points per game. He signed a five-year contract extension with the Thunder, estimated to be worth $86 million. Durant won the NBA All-Star Game Most Valuable Player Award in the 2011-12 All-Star Game. During the 2013-14 season, he surpassed Michael Jordan’s record for consecutive games scoring 25 points or more, with 41 games, and won the NBA Most Valuable Player award. By 2015, his earnings from salary alone exceeded $88 million.

In 2016, Durant joined the Golden State Warriors, signing a two-year, $54.3 million contract. He later re-signed with the Warriors on a two-year contract, this time for a reported $61.5 million. In 2019, he was traded to the Brooklyn Nets in a sign-and-trade deal, continuing his career with a new team and new opportunities.

Durant has also represented Team USA, helping the team win its first FIBA World Championship since 1994 at the 2010 championship. He set the record for total points scored in an Olympic basketball tournament at the 2012 Olympics and also played in the 2016 Olympics, winning gold. He’s had a major impact internationally as well.

In a rare venture beyond basketball, Durant made a cameo appearance in the 2012 film “Thunderstruck,” playing a semi-fictionalized version of himself.

Photo by Harry How/Getty Images

Nike Endorsement and Lifetime Contract

One of Durant’s most significant endorsement deals is with Nike. For years, he earned $26 million annually from Nike, which, combined with his NBA salary, brought his annual income to over $68 million. In April 2023, Durant solidified his relationship with Nike by signing a lifetime contract, becoming only the third player in NBA history to receive such a deal, joining Michael Jordan and LeBron James. This lifetime partnership underscores the impact he has had on the sport and the brand.

Endorsements and Investments

Beyond his on-court earnings, Kevin Durant has built a substantial income through various endorsement deals. He earns approximately $36 million from endorsements with companies like Gatorade, Nike, and Degree. In a given year, his total earnings often reach around $65 million, with roughly $30 million from his salary and $35 million from endorsements. He has made smart investments, including stakes in Postmates and the investment app Acorns. Durant’s media company has production deals with Fox, ESPN, Apple, and Showtime, showcasing his ability to diversify his income streams and grow his financial portfolio.

Real Estate Portfolio

Durant has invested in real estate, further diversifying his assets. In 2018, he purchased a beachfront home in Malibu, California, for $12.05 million. He later listed it for $13.495 million and sold it in June 2019 for $12.15 million to Anthony Zuiker, the creator of the “CSI” franchise. In July 2021, Durant acquired a home in Hidden Hills, California, for $15.6 million. Durant also owns properties in the Oklahoma City area. In 2013, he listed his residence in the upper-class Club Villa neighborhood for $1.95 million. These real estate ventures reflect his long-term investment strategy.

Personal Life

Durant’s personal life is kept largely private. He has been linked to several individuals over the years, including Cassandra Anderson. He was previously engaged to former WNBA star Monica Wright until 2014. While he generally keeps his personal life out of the public eye, he has been noted for his focus on basketball and business.

Kevin Durant Net Worth Summary

As of 2024, Kevin Durant’s net worth is estimated to be $300 million. This impressive figure is a result of his successful NBA career, lucrative endorsement deals, and strategic investments. He continues to be one of the highest-paid athletes globally, securing his financial future through a combination of on-court performance and off-court business acumen. His success story serves as an inspiration to aspiring athletes and entrepreneurs alike.