Kevin Durant backed Hugging Face years before Nvidia's reported $12.9B acquisition.
Between those two points: real value he couldn't touch, sell, or borrow against.
Private markets are full of gains like this, locked until an exit arrives. Liquidity shouldn't require one.
Kevin Durant and his business partner, Rich Kleiman, invested in Hugging Face's seed & Series A fundraising rounds.
Nvidia just acquired the company for $12.9 billion, and since I'm told Durant invested $100,000 in the seed round and $150,000 in the Series A, he likely made more than $60 million on this investment alone.
That is one of the best athlete investments ever (and more money than Durant will make playing in the NBA this season).