LeBron James is first NBA player to become a billionaire

LeBron James is first NBA player to become a billionaire

LeBron James is the first NBA player to become a billionaire


LeBron James is the first active NBA player to make our list, despite missing the playoffs for the fourth time in 19 seasons.




According to Forbes is worth $1 billion


According to Forbes, the 37-year-old celebrity is worth $1 billion. James became the first active NBA player to enter the billionaire's list, despite missing the playoffs for the fourth time in 19 seasons. (Thanks to a well-timed investment in the Charlotte Hornets basketball franchise, Michael Jordan, the only other basketball billionaire, didn't break ten figures until 2014, more than a decade after he retired.)

James has done exactly that, maximizing his profits


James has done exactly that, maximizing his profits to the tune of more than $1.2 billion before taxes. As the NBA's highest-paid active player, he has collected more than $385 million in compensation from the Cleveland Cavaliers, Miami Heat, and Los Angeles Lakers. He has earned over of $900 million in endorsements and other business activities off the court.


Despite earning almost $400 million in compensation during his NBA career with the Los Angeles Lakers, Cleveland Cavaliers, and Miami Heat, James' earnings off the court vastly outnumber his on-court earnings. According to Forbes, James, 37, has made more than $900 million in business investments and sponsorships.






SpringHill, his entertainment company, is one of them, according to Forbes, where he sold a minority stake for $725 million. SpringHill has produced shows like The Shop and a docuseries about Naomi Osaka, as well as the James-starring film Space Jam: A New Legacy.

LeBron James Holdings


He also holds a 1% share in Fenway Sports Group, which owns Liverpool FC, the Boston Red Sox, and is in the process of purchasing the NHL's Pittsburgh Penguins. In 2012, James paid less than $1 million for a 10% interest in Blaze Pizza, which Forbes estimates is now worth $30 million.

The 37-year-real old's estate portfolio is reported to be worth $80 million, with a $10 million mansion in his hometown of Akron, Ohio, and two $60 million homes in Los Angeles.

James was raised in Akron by a single mother and has invested heavily in his community, including constructing a school and planning homes and a community center to help families and children.


James has won four NBA championships,

On the court, James has won four NBA championships, four league MVP awards, and has been nominated to 18 All-Star teams. He has also won two gold medals at the Olympics.

The underlying secret to James' billion-dollar fortune is that he's been more than a salesman. James has long designed transactions to provide him equity in the brands with whom he partners, rather than a quick payment. In 2015, James turned off a lucrative endorsement deal with McDonald's worth an estimated $15 million over four years in order to invest in the fast-growing Blaze Pizza company, in which he is a shareholder. He's also invested in companies like Tonal, a smart gym, and Lyft, a ride-hailing giant.

SpringHill Entertainment, a TV and film studio valued at about $300 million by Forbes, is another lucrative venture for James. The studio assisted in the production of "Space Jam: A New Legacy," a film in which he appeared and which grossed $163 million worldwide.

James has always wished to be a billionaire.

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