Lebron James Becomes A Billionaire

Last Updated: Jun 28th 2022   Published: Jun 11th 2022   2 Min Read
Lebron James Becomes A Billionaire
Image © Darren Yamashita-USA TODAY Sports

Lebron James was hailed as the "Chosen One," the 2nd coming of Black Jesus after Michael Jordan, since he made the cover of Sports Illustrated at 17 years of age. Place a bet at Michigan Online Casinos like BetMGM, DraftKings and FanDuel.

While the debate about who is the greatest basketball player of all time remains a polarizing topic for Lebron fans, one thing became unequivocally true this week: James has entered into billionaire status; this is an achievement that no other active NBA player has ever been able to do.

In 2021 James took home about $121.2 million in earnings and officially entered the billionaires' list with a net worth estimated at $1.2 billion, according to Forbes.

The 37-year-old superstar has been a leader throughout his 19-year NBA career, receiving more than $385 million in pre-tax salary from the Cleveland Cavaliers, Miami Heat, and Los Angeles Lakers. Ironically, only once in his career has the 4 time MVP candidate had the highest NBA salary.

Off the court, the four-time NBA champion has earned more than $900 million through sports endorsements and savvy business ventures, this is also made possible by his ownership of several multimillion-dollar estates in Ohio and Los Angeles.

About half of James’ net worth comes from his stakes in real estate properties and business ventures. His production company SpringHill Co., is estimated to be worth around $300 million, and also produced the 2021 hit movie Space Jam: A New Legacy, which starred James and earned roughly $163 million at the box office.

James is also a part-owner of Fenway Sports Group, which owns the Boston Red Sox, Fenway Park, and Liverpool F.C., among others. In 2003, at 18, Lebron signed a shoe deal with Nike and in 2015, they extended James’ contract into a lifetime agreement worth tens of millions of dollars annually.

Whether it be on-court endorsements, shoe deals, off-court brand collaborations, owning other successful sports teams, having his own media company, and soon will have his own sports agency representing athletes, especially with his son preparing to become a pro. Lebron has made history this past week, but this is only the beginning and we are about to see a lot of historic firsts from this great leader.

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