• Lifestyle
  • Finance
  • Celebrity
  • Business
Editionist How LeBron James Became A Billionaire
0Shares
0 0 0 0 0
Editionist
  • Lifestyle
  • Finance
  • Celebrity
  • Business
Celebrity

How LeBron James Became A Billionaire

Shirley Higgins Jun 27, 2022
0Shares
0 0 0 0 0

For a long time, there’s been a debate on where the chosen one, aka LeBron James, deserves a spot on the list of the most amazing basketball players of all time. However, if there’s one thing we’re sure of, it’s that James has finally reached the status of a billionaire. This is something that has been achieved by no other active NBA player! 

Markus Spiske/Pexels | James’ basketball career has been one of the most successful ones in the industry

 

At the age of 17, LeBron got the title of “The Chosen One” on the cover of Sports Illustrated, and at the time, he was only known for his skills on the court. In 2021, the NBA star took home approximately $121.2 million in earnings; this made him a part of the long list of billionaire celebrities. According to Forbes, James currently has an estimated net worth of $1.2 billion!  

NBA Career

The 37-year-old basketball player’s NBA career has lasted for 19 years. In those years, he has received a pre-tax salary worth over $385 million from the Los Angeles Lakers, Miami Heat, and Cleveland Cavaliers.

The real question is: how did James make the bulk of his money during his career? Off the court, James had taken part in shrewd business ventures and endorsements from which he made more than $900 million! He also made a decent amount of money from the multimillion-dollar estates that he owns in Los Angeles as well as Ohio. 

Nearly half of the money James currently owns comes from business ventures and his stakes in real estate properties. James is also the owner of a production company known by the name of SpringsHills Co. It is estimated that the company is worth around $300 million. SpringHill Co. produced the movie Space Jam: A New Legacy, which turned out to be a major hit and earned nearly $163 million at the box office.

Pixabay/Pexels | Much of James’ money comes from his estates across the country

Ownerships And Endorsements 

The superstar also co-owns Fenway Sports Group, which owns Fenway Park, Boston Red Sox, Liverpool F.C., and others. He has shares in ride-hailing company Lyft, the pizza chain Blaze Pizza, and Tonal, which is a smart-fitness startup. 

James also gets a huge part of his net worth from endorsement deals from famous brands around the world, some of which are PepsiCo, AT&T, and Walmart. 

Martin Péchy/Pexels | James has made many endorsement deals, one of which is with PepsiCo

 

Although James got offered lucrative deals with brands such as Adidas and Reebok, he decidedly signed a deal with Nike in 2003 when he was only 18. A few years ago, Nike made an announcement in which they revealed that they had extended James’ contract into a lifetime agreement, which, incidentally, is also worth millions of dollars annually.

Share This
0Shares
0 0 0 0 0
Previous Article
Mark Zuckerberg Donated $800,000 to Restaurants, But the Response was Surprisingly Underwhelming
Next Article
All You Need To Know About Antonela Roccuzzo: Wife Of Lionel Messi!
Comments (0)

Leave a Reply Cancel reply

You must be logged in to post a comment.

Related News

Celebrity
An Exclusive List of All-Time Best 7 Jason Statham Movies
Sven Kramer Sep 14, 2023
Celebrity
Celebrities With Surprising Side-Hustles
James Wiley Aug 28, 2023
Celebrity
Reviving the Beatles Using AI: An Insight into Paul McCartney’s Latest Project
Sven Kramer Aug 09, 2023
Celebrity
Beyoncé’s Renaissance World Tour
James Wiley Jul 29, 2023
Editionist
  • Terms Of Use
  • Privacy Policy
  • About Us
  • Contact Us
  • Home

Copyright . All RIGHTS RESERVED.

  • Lost Password Back ⟶
  • Login
  • Register
Lost Password?
Registration is disabled.