Los Angeles Lakers superstar LeBron James keeps adding to his net worth. Is he a billionaire?
The four-time NBA champion has accomplished a lot in his NBA career. He has great endorsement deals with Nike, Walmart, and other great brands. He also had a starring role in Space Jam: A New Legacy, sharing the scene with Bugs Bunny.
Guess what… LeBron has yet to become a billionaire.
LeBron has earned more than $1 billion in his 18-year career. About $400 million came in salary and more than $600 million come from off-court deals. Unfortunately, he is not a billionaire and his net worth goes around $850 million.
LeBron James has huge net worth
LeBron’s deal with the Lakers make him the fifth-highest-paid player in the NBA. He has some great deals outside the basketball court and his endorsement deals are brilliant. In 2020, LeBron earned $65 million “extra cash.” Active NBA players get much less than that. Nike gave LeBron the best deal. He signed a lifetime agreement with the brand in 2016 and will earn a billion by the time he turns 60. This deal gives him tens of millions each year.
The SpringHill company: $300 million
LeBron and his childhood friend and business partner formed the company in 2020. They were able to raise $100 million from LeBron’s investment advisor, Paul Watcher, founder of Main Street Advisors; financial services firm Guggenheim Partners; Elisabeth Murdoch’s production company, Sister; and the University of California’s UC Investments.
Real Estate: $100 million
LeBron invested some of his money into real estate. He has at least four properties. In Ohio, LeBron built a $100 million in Akron. In California, he bought three properties. Here’s more… In 2020, LeBron spent $36.75 million for a 13,000-square-foot Beverly Hills spread.
Fenway Sports Group: $70 million
LeBron invested in Fenway Sports Group, which is the owner of the Boston Red Sox, Liverpool Football Club, half of Roush Fenway Racing and 80% of the New England Sports Network.
Blaze Pizza: $30 million
In 2015, LeBron left McDonald’s to pay $1 million for a 10% chunk of Blaze Pizza.
Cash and other investments: $350 million
LeBron has about $350 million worth of assets besides his chunk in SpringHill, Blaze, and Fenway Sports Group. Luxury cars, proceeds from sales, shares… LeBron has it all…