Skip to main content

LeBron James is first active NBA player to become a billionaire


 


LeBron James may not be playing in the NBA Finals, but he's still having a good June. According to Forbes, the Lakers star now has an estimated net worth of $1 billion, making him the first active NBA player to become a billionaire.


Michael Jordan is the NBA's only other billionaire, but he didn't reach that mark until 2014, years after the stopped playing in the NBA.


During his NBA career, James has earned over $385 million in salary from his time with the Cleveland Cavaliers, Miami Heat and Lakers. He earned $170 million in 11 season with the Cavaliers, $153 million in his four seasons with the Lakers and $64 million in his four seasons with the Heat.


James raked in a whopping $121.2 just last year. He is currently the league's highest-paid active player and also makes an estimated $900 million in income via endorsement deals and businesses. 


"It's my biggest milestone," James told GQ in a 2014 interview about potentially being a billionaire one day. "Obviously. I want to maximize my business. And if I happen to get it, if I happen to be a billion-dollar athlete, ho. Hip hip hooray! Oh, my God, I'm gonna be excited."


A big reason the Lakers star has gotten to this point is that he's been smart about spending his money.


James has a minority stake in Liverpool of the Premier League and has made $90 million during his time as an investor, which dates back to 2011. In addition, James also owns an estimated one percent of Fenway Sports Group, which owns the Boston Red Sox, Fenway Park and Liverpool.


The Fenway Sports Group also owns half of Roush Fenway Racing and 80 percent of the New England Sports Network. In 2021, the Fenway Sports Group paid $900 million to own the Pittsburgh Penguins.


It's not all sports for James, though. He has also made an estimated $80 million in real estate, as he owns three properties that are worth that amount. In addition, James has also made $30 million in Blaze Pizza, a pizza chain that was founded in 2012 and has more than 300 locations throughout the United States and Canada.



Comments

Popular posts from this blog

Bill Russell Once Explained Why He Didn't Bother With Celtics Fans: "When I Was A Star, The Fans Called Us The 'Boston Globetrotters' Because The Celtics Had Black Players."

  While the NBA is a beacon for freedom and tolerance in America, things didn't start off that way. In a place like Boston, during the 50s and 60s, racial tension was a pretty serious problem, and superstar big man Bill Russell had to deal with it on a game-to-game basis. Today, it can be hard for us to imagine just how difficult being a black basketball player really was back then. Fortunately, we have some clips: "The number one paper was the Boston Herald and they didn't like the idea of an NBA team having black players. Out there, the star was Bob Cousy. No matter what I did, Cousy was the star. I remember I had a game where I had 25 points, 25 rebounds, 10 blocks, and the Boston Herald said I was lucky to play with Cousy." Unfortunately, the media didn't give Russell his respect back then. Despite being the best player on the court, and on his team, Cousy and others always got the spotlight. Even the fans weren't very accepting of Bill: "I didn't...

From Deep: At long last, Nikola Jokic's Nuggets can envision getting to the top of the mountain

  Jamal Murray tore his ACL on April 12, 2021. Leading up to that night, he'd been playing at an All-NBA level for two months: In a 25-game stretch, Murray averaged 24.1 points on .509/.459/.935 shooting splits, 4.2 rebounds and 5.2 assists. He was even more efficient than he was in the bubble playoffs, and his defense had improved, too. Murray only got to play with Aaron Gordon, the Denver Nuggets' big trade-deadline addition, for five games. They won them all except the one in which Murray got injured. In 110 minutes, their new starting five scored slightly more efficiently than any iteration of the Kevin Durant-era death lineup in Golden State and defended like a top-five team. Two Nikola Jokic MVP awards later, Murray is back. So is Michael Porter Jr., who signed a five-year extension about a year ago and needed back surgery nine games into the 2020-21 season. The Nuggets remember how easily everything slid into place with Gordon in the mix. Newcomer Kentavious Caldwell-Pop...

Sixers' James Harden backs teammate Joel Embiid for MVP: 'He deserves it, man'

  James Harden has been a member of the Philadelphia 76ers for less than two months, but that's been more than enough time for him to appreciate the brilliance of Joel Embiid. The duo is expected to help the Sixers compete for a championship, but Harden believes another trophy should be on its way to Philly this year.  In an interview with Ramona Shelburne of ESPN, Harden backed Embiid for MVP, saying "he deserves it, man." "I've only been here for a few weeks, but I already see his mindset," Harden said. "He wants to win. Some guys just want numbers, but he has both. He has the mentality of winning, and he scores the ball at a high level. I think he's prepared himself, especially coming off last year, for this year to be one of his best years." This has indeed been one of Embiid's best years. He's averaging a career-high 29.8 points, 11.3 rebounds, 4.3 assists and 1.4 blocks while shooting 48.8 percent from the field and 35.8 percent f...