LeBron James Is Officially A Billionaire
Congratulations are in order for LeBron James. Today (June 2), it was announced that the NBA champ has officially joined the billionaires club.
The superstar athlete has reportedly racked in nearly $400 million during his 20-year NBA career as of November 2021. Next season, James is set to earn $44 million before his contract with the Los Angeles Lakers expires.
James’ fortune also comes from a number of investments. Sources say $300 million stems from The Spring Hill Company. This particular business venture has three companies in one. Many sports fans are probably also familiar with seeing the NBA champ in ads for Blaze Pizza. James works with Fenway Sports Group and has multiple real estate properties as well.
According to reports, James has always been business savvy. At just 18, the athlete passed on deals with Adidas and Reebok before signing a lifetime contract with Nike in 2015.
LeBron James–18-time NBA all-star, 4-time NBA champion, 2-time Olympic gold medalist–has hit yet another milestone, this time doing something no other NBA player has ever done. After another monster year of earnings–totaling $121.2 million last year–Forbes estimates that James has officially become a billionaire, while still playing hoops. The 37-year-old superstar has a net worth of $1 billion, by Forbes’ count. James, who’s missing the playoffs for just the fourth time in 19 seasons, is the first active NBA player to make the billionaires list. (Michael Jordan, the only other basketball billionaire, didn’t hit ten figures until 2014, more than a decade after he retired, thanks to a well-timed investment in the Charlotte Hornets basketball team.)
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