Kevin Durant’s $1 million Investment now worth $15 million as Uber Acquires Postmates

Kevin Durant, the two-time NBA champion has made the headlines once again another big win.

In 2016, Durant made a $1 million investment in Postmates. Four years later, the amount has multiplied by 15, after Forbes reported that his $1 million investment would soon become a $15 million investment if Uber finalizes the acquisition of Postmates. Earlier this week, Uber Technologies announced that it would acquire Postmates in a $2.65 billion deal.

Postmates is a well-known delivery service platform that delivers to customers anything they need such as food, groceries, packages, or anything else. Postmates isn’t necessarily the most preferred delivery application when it comes to food and groceries, however, many users make use of the app’s other beneficial features which generates its revenues.

“I’m hungry one day, and Rich was like, ‘Yeah, [this company] will bring you food from any restaurant.’ I’m like, ‘They’ve got an app like that?’ Can you call somebody up there? We need to get involved because we use this s**t on a day-to-day basis,” Durant narrated how he got involved with Postmates.

In a tweet last year, Darren Rovell of The Action Network posted that there was a possibility of Durant’s investment increasing in an estimated jump.

Over again, Durant is seen relentlessly pursuing his off-court business interests and investments. He continues to expand his portfolio by making investments in Philadelphia Union franchise. He purchased 5% of the soccer club with the option of purchasing an additional 5% at a future date. Durant not only intends to invest in Major League Soccer clubs, but also has plans to purchase his own NBA team in the future. The average team worth $2.1 billion, therefore, Durant may have to step up his portfolio really soon.

Forbes ranks Durant No. 7 on its World’s Highest-Paid Athletes list, with the player cashing in $64 million over the last 12 months Forbes also reported that Durant has made a total of $500 million from his salary and endorsements throughout his NBA career.

It was also reported by Forbes that Thirty Five Ventures, a company founded by Kevin Durant and his business partner/manager Rich Klieman has 15 full-time employees that focus on Kevin Durant’s investments, endorsements, and other media activities.

Durant is taking his time to build his fortune besides his NBA salary. As he rises in his fortunes, Durant has also learnt to give back to society. He has an after school program in his hometown, created for children from low-income families.