Kevin Durant Net Worth 2020 – How Rich Is He?

Kevin Durant Net Worth 2020

Kevin Durant net worth, salary and his sources of wealth in 2020 analysed.

Net Worth:$170 Million
Basic Salary:$37 million per year
Date of Birth:September 29, 1988
Age:31 years old
Nationality:American
Source of Wealth:Professional Basketball Player, Actor
Last Update:2020

Overview

Kevin Durant is an American basketball player who plays in the National Basketball Association for the Brooklyn Nets. A top player, Durant is regarded as one of the best NBA players of the 21st century. Standing at a height of 6 feet 10 inches, Durant is the man you need at the opposite end of the courts, to deliver spectacular victory. On several occasions, Durant has brought to the fore his excellent basketball prowess which he fuses with his creativity.

Durant will pass as a great shoot as well as solid defender, but his struggle to finish as the best in the league as the Most Valuable Player, an award which Durant has been clearly vocal about his desire to reclaim after he won it in 2014 has seen him face frustration, which fans may likely interpret as Durant is among the best but not the best. While fans may well be entitled to their opinion, this is an opinion the NBA star is willing to remove from the minds of fans, hence, the reasons, behind his recent moves as well as increasing spectacular performances.

With an emphasis on Kevin Durant net worth in 2020, we briefly summarise the wealth his career has afforded him. Other major highlights in this article include his early life, career summary, career highlights, salary, endorsements and sponsorships, luxury lifestyle and our takeaways from Kevin Durant’s wealth and rise to fame.

Early Life

Born in Washington D.C. to a family greatly affected by marital mishaps, his father, Wayne Pratt, absconded and thus left his mother, Wanda to care for him. His parents soon divorced and young Durant was placed under the care of his maternal grandmother, Barbara Davis. From a young age, while his parents’ marriage was still in trouble, Durant cultivated an interest in basketball. This was not surprising as he naturally had the talents as well as the height — his love for the sport was natural. He looked up to the current player, Vince Carter.

Durant played in the Amateur Athletic Union where he built his skill against his peers. Some of his peers he competed and played with at AAU went on to the NBA, such as Ty Lawson and Michael Beasly. During his senior year at Montrose Christian School, Durant became a recognized star in the basketball scene. His performance earned him MVP in the McDonald’s All-American game as well as the Washington Post All-Met Basketball Player of the Year award. 

Career Summary & Contracts

After completing High school in 2006, Durant went on to play college basketball for a season at the University of Texas. Durant performed incredibly well in the one season of college basketball he played and thus he became the first freshman player to claim the James Naismith College Player of the Year and John R. Wooden awards.

Durant entered the 2007 NBA Draft and was picked by the Seattle SuperSonics as the Draft’s second overall. He then signed a two-year deal worth $8.65 million. Durant impressed in his first season in the league and thus won the Rookie of the Year award. Following the relocation of the Seattle SuperSonics to Oklahoma City, the franchise became the Oklahoma City Thunders. After two amazing seasons with the Thunders, he penned a five-year deal worth $86 million in the 2010/11 season.

Kevin durant free throw 2014 - Oklahoma
Photo: Keith Allison from Owings Mills, USA / CC BY-SA

Durant stayed at Oklahoma City until 2016. During those years he spent as an Oklahoma City Thunder player, Durant’s efforts to claim an NBA Championship were futile, but he compensated for his failure with his 2014 NBA MVP award. After about 8 years with OKC, without an NBA Championship, Durant who was now a free agent, moved to the Golden States Warriors after he signed a two years deal worth $54.3 million in 2016.

Durant finally clinched an NBA Championship in 2017 will the Warriors. The next season he repeated the feat. His successive NBA Championship win was noteworthy as he won the NBA Finals MVP award on both occasions. In 2018, Durant penned another two years deal worth $61.5 million with the Warriors, but after an injury-riddled season, he left for the Brooklyn Nets, after he signed a four-year deal worth $164 million with the franchise in 2019.

Career Highlights

Below are some of the best Kevin Durant’s career highlights.

  • NBA Finals MVP (2017, 2018)
  • NBA Most Valuable Player (2014)
  • NBA All-Star (2010–2019)
  • NBA All-Star Game MVP (2012, 2019)
  • All-NBA First Team (2010–2014, 2018)
  • All-NBA Second Team (2016, 2017, 2019)
  • NBA Rookie of the Year (2008)
  • NBA All-Rookie First Team (2008)
  •  NBA scoring champion (2010–2012, 2014)
  • Naismith College Player of the Year (2007)
  • NABC Division I Player of the Year (2007)
  • AP Player of the Year (2007)
  • AP All-America 1st Team (2007)
  • Oscar Robertson Trophy (2007)
  • Adolph Rupp Trophy (2007)
  • John R. Wooden Award (2007)
  • Big 12 Player of the Year (2007)
  • USBWA National Freshman of the Year (2007)

Kevin Durant Net Worth 2020

In 2020, Kevin Durant’s net worth is estimated to be $170 million. For a renowned NBA player with a very lucrative base salary as well as influence in America, Durant’s net worth is sure to rise as endorsement deals keep coming his way. Though the bulk of his $170 million fortune can be traced majorly to basketball earnings and a little from endorsement and sponsorship deals, Durant like most established NBA acts is a businessman with investments in about 30 companies.

Durant owns a stake in on-demand delivery service, Postmates, including in investment platform, Acorns. He co-owns an investment company, Thirty Five Ventures, alongside Rich Klieman, a sports executive. Through his investment company, Durant bought a stake in headphone company, Masters & Dynamic. Other start-ups he owns equity in include, Rubrik, a cloud computing start-up and Lime Bike.

Kevin Durant Salary 2020

Following his $164 million four-year deal with the Brooklyn Nets, Kevin Durant’s salary is estimated to be $37,199,000 (base salary) in the 2019/20 season while he’ll receive $1 million in bonus. Of his $164 million deal with the Nets, Durant has a guaranteed $154 million payment. His salary for the 2019/20 season makes him the 7th best paid in the league and the 1st best paid in the Brooklyn Nets. Kevin Durant was also the 10th highest-paid athlete in the world for 2019 as reported by Forbes, with a total of $65.4 million earned in 2019 alone.

Kevin Durant Endorsements & Sponsorships

In 2014, Kevin Durant was the central figure of an endorsement signing tussle between Under Armour and Nike. Nike won and signed Durant to an endorsement deal that will last until 2024. The exact amount isn’t known. Aside from Nike, Durant has Endorsements deals with Google and Alaska Air Group. In 2019, Durant made $35 million from endorsement and sponsorship deals alone.

Kevin Durant Luxury Life

House

Kevin Durant Oceanfront Home in Malibu
Kevin Durant’s Oceanfront Home in Malibu is classic. (Image credit: Redfin.com)

In 2018, Kevin Durant bought an oceanfront home worth $12.15 million on Broad Beach in Malibu. The oceanfront home has six bathrooms, four bedrooms, a home theatre, a wall wine which is glass-enclosed, elevator service to each floor, a dining patio, and an outdoor spa.

Cars Collection

Kevin Durant Cars Collection

Kevin Durant has quite a modest cars collection for an athlete of his calibre. The cars in his garage include a Chevrolet Camaro SS and a Ferrari California worth $200,000.

Private Jet

Kevin Durant Face on Alaska Airlines
Kevin Durant’s face and massive wingspan decorated on Alaska Airlines. Durant does not need to fly on the inside as he already does on the outside.

One may expect that a man like Kevin Durant with a net worth of $170 million would own a private jet. Though it’s not known if Durant owns a private jet, his face was seen painted on an Alaska Airline 737 as part of his partnership with the company. According to reports, Durant serves as the “Advisor to the CEO” of Alaska Airline.

2 Takeaways from Kevin Durant’s Wealth, Success & Fame

Following the interesting story on Kevin Durant’s rise to fame, his wealth and how he became successful, here are 2 incredible lessons we learned from the top NBA star.

1. Don’t be distracted

Despite the upheavals in his parents’ marriage, which was enough reason to distract a young boy like Durant, his intense love and passion for basketball made it very hard for him to do so. Basketball thus became a sort of activity which relieved him any sort of distractions.

2. Hard work is key

A famous quote by Durant emphasizes that ‘Hard work beats talent when talents fail to work hard’. This is true in Durant’s case. Though talented, he never relented. He worked hard on his skills, didn’t even attend prom or parties like most teenagers, just because he wanted to be the best.

Summary

In 2020, Kevin Durant net worth is valued at about $170 million. His net worth is boosted by his business endeavours, as well as his endorsement and sponsorship deals (worth $35 million) with brands such as Nike, Google and Alaska Airlines. Durant’s salary of $37 million per year places him amongst the highest earners in the NBA right now.

Conclusion

Durant’s Inspirational rise to the top of his career is one which should challenge not just every aspiring athlete but pretty much anyone to give their all in building up their skills.

What are your thoughts about Kevin Durant net worth? Feel free to share with us in the comments section below.

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