NBA star, Kevin Durant, is set to hit a jackpot after Uber Technologies began talks to purchase food-delivery business, Postmates. According to Forbes, the deal worth about $2.6 billion will see Durant’s initial $1 million investment in 2016 jump to over $15m.
Still recovering from the ruptured Achilles injury he suffered in 2019 against the Toronto Raptors, this comes as good news at a time when a host of businesses have been left handicapped due to COVID-19.
Speaking to ESPN in an interview in 2016, Durant said he only discovered Postmates while weighing options for food with his agent and business partner, Rich Kleiman.
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According to Sportscasting, Kleiman introduced Postmates to Durant and immediately a contact was made, which eventually culminated into business. Durant has invested more than $15 million into 40-startups.
“I want to use the checks I get from companies to create true generational wealth,” he told Forbes in an interview.
According to Durant, his gains on paper had topped 400% as of late 2019.
Durant’s company, Thirty-Five Ventures, co-founded with Kleiman, has 15 full time employees, focusing on KD’s investments, endorsements, and other media activities.
According to the company’s website, Thirty-Five Ventures serves as the umbrella for all of their business interests across sports, tech, culture, and more.
The media wing has created a host of award-winning content with the likes of Showtime, Apple, and Youtube.
Forbes reported that Durant is the world’s seventh highest-paid athlete with an income of $64 million. The two-time NBA champion is reportedly worth $170 million.
In June, Durant was also reported as an investor in Major League Soccer’s team Philadelphia Union after purchasing a 5 percent stake in the club. According to Forbes, the 31-year-old wants to own an NBA team.
