LeBron James is a billionaire, marking the first time an active NBA player has achieved that milestone, according to Forbes.
LeBron James is a billionaire, marking the first time an active NBA player has achieved that milestone, according to one calculation.
Forbes said that the Los Angeles Lakers star has"maximized his business," generating more than $1.2 billion in pretax earnings. His NBA salary from three different teams during the past 19 years has amounted to $383 million, and James has"raked in upwards of $900 million in income from endorsements and other business ventures," the magazine said.
In addition to lucrative endorsement deals with Nike, AT&T, PepsiCo and Walmart, Forbes said that James structured his deals to include equity in those brands, giving him a"cut of the upside instead of a quick paycheck." The four-time NBA champion also has investments in fitness startup Tonal, ridesharing company Lyft and eatery upstart Blaze Pizza.
People are also reading… Another lucrative investment for James is TV and movie studio SpringHill Entertainment, which Forbes values at around $300 million. The studio helped produce"Space Jam: A New Legacy," a movie he starred in that earned $163 million in box office receipts worldwide."It's my biggest milestone," he told GQ in a 2014 interview."Obviously I want to maximize my business. And if I happen to get it, if I happen to be a billion-dollar athlete, ho.
Notably, Michael Jordan is the only other basketball billionaire on Forbes' list. He didn't achieve that until 2014, more than a decade after he retired.Who is the highest paid player on every NBA team? Houston Rockets: John Wall - $44,310,840 Interactive: Search 2021-22 NBA salaries Loading... Tags Be the first to know Get local news delivered to your inbox!
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
LeBron James is first active NBA player to be worth $1 billion, Forbes saysLeBron James is in the billionaires' club, according to Forbes, which pegs the Lakers star's net worth at $1 billion.
Read more »
LeBron James becomes first active NBA player to become a billionaire: reportLakers superstar LeBron James has become the first active NBA player to become a billionaire, according to a report.
Read more »
Video: Lebron James becomes the first active NBA player to achieve billionaire status - CNN VideoLebron James is a billionaire. KingJames is the first active NBA player to achieve billionaire status, according to Forbes. RahelSolomonCNN breaks down how he built his fortune here:
Read more »
Lakers’ LeBron James is the first active NBA player to become a billionaire: reportFollowing the conclusion of his 19th NBA season, Los Angeles Lakers star LeBron James has become a billionaire, the first active NBA player to achieve the milestone.
Read more »
Report: LeBron James becomes NBA's first active billionaireJames is the first active billionaire in NBA history, and just the second player to reach the threshold after Michael Jordan did the same in 2014, nearly 10 years after he retired.
Read more »
LeBron James Becomes a Billionaire, Report SaysLos Angeles Lakers star LeBron James is now the first active NBA player to become a billionaire, according to Forbes.
Read more »