According to Forbes, Lebron James net worth currently stands at $850 million. He’s a basketball player for the Los Angeles Lakers of the NBA. James is also an entrepreneur.
Lebron James is considered one of the greatest players in the history of the NBA and is the highest-paid player in the NBA as of now. He takes home $111.2 million in salaries and endorsements.
The player makes most of his money off-court. In fact, throughout his career, he has made about $600 million from endorsements and about $400 million from salaries. James has stakes in the Liverpool soccer club, The Boston Red Sox, and Blaze Pizza. Some of his sponsors include Walmart, Nike, and Beats Electronics
Last year, James accumulated $1 billion in career earnings making him the first player in NBA history to do so as an active player.
In 2016, when Lebron James net worth was about $275 million, Forbes named him one of America’s richest entrepreneurs under 40. Last year Lebron was the world’s 5th highest-paid athlete taking home $96.5 million.
The 4-time MVP is currently on a four-year, $153 million contract with the Los Angeles Lakers. So how did Lebron James start and how did he accumulate his wealth?
Lebron James was born on December 30, 1984, in Akron, Ohio. His mother, Gloria Marie James was only 16 when he was born.
When James was growing up his mother struggled to find a stable job and life was often not easy for them. His mother later allowed him to live with the family of Frank Walker who was a football coach.
Frank introduced James to basketball when he was 9 years old. James began playing organized basketball by the time he was in 5th grade. He then played Amateur basketball for the Northeast Ohio Shooting Stars before joining St. Vincent-St. Mary High School.
After joining his high school’s basketball team, James was featured by an American Basketball magazine called Slam which described him as the best high school basketball player in America at the time.
After completing high school, Lebron James joined the Cleveland Cavaliers of the NBA in 2003. In his first game of the 2003-2004 season, he scored 25 points setting the record of the highest points scored by a player straight from high school to professional basketball.
After spending 7 years with the Cavaliers Lebron joined Miami Heat in 2010. He led the team to win the NBA championship in the 2011/12 season as well as the 2012/13 season.
He then returned to the Cavaliers in 2014 and helped the team win the NBA championship in the 2015/16 season.
In 2018 James opted out of his contract with Cleveland Cavaliers and joined Los Angeles Lakers. In the 2019/20 season, James won his fourth NBA championship with the Lakers.
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How Lebron James has accumulated his wealth
Lebron James takes home about $110.2 million annually. Surprisingly most of this money does not come from playing basketball, but from endorsements and other investments. He only gets $41.2 million from his contract with the Lakers and earns $70 million while off the court.
Lebron James has partnered with numerous companies in endorsement deals that have made the NBA star quite rich. One of the most notable ones is the life-long partnership with Nike, where James pockets $32 million every year. The NBA player has also partnered with Walmart, GMC, AT&T, 2K, Rimowa, Chase, Ladder, Upper Deck, among many others.
In 2011 Lebron James invested $1 million in Blaze Pizza and acquired a 10% stake in the company. Blaze Pizza is the largest and the fastest-growing fast-casual pizza chain in the U.S with over 300 stores across the United States and Canada. James is the leading brand ambassador of the company. Today his stake in Blaze is worth more than $30 million.
James Lebron also had a small stake in Beats by Dre and pocketed about $30 million when Apple bought the brand in 2014 for $3 billion.
Lebron James owns SpringHill Entertainment, an entertainment development, and production company that he founded in 2020. Forbes estimates that Lebron James stake in the company could be worth about $300 million. James is the largest stakeholder in the company.
In 2011 James bought a 2% stake in Fenway Sports Group which owns Liverpool F.C for $6.5 million. Today, his 2% stake is worth more than $80 million. In 2021 he approached Fenway Sports Group again and bought a 1% stake in the Boston Red Sox baseball team for about $70 million.
His stakes in Fenway Sports Group, Blaze and SpringHill combined with cash and assets worth about $350 million including several mansions and a fleet of luxury cars bring his total net worth to about $850 million.
How does Lebron James spend his millions?
Lebron James net worth is massive making it possible for him to afford anything he wants.
Lebron James loves watches. His collection of watches is worth more than $894,000 including a Richard Mille which is worth about $377,000, a Rolex yacht-master ii worth $63,000, a Rolex sky dweller worth $33,600 among others.
You might also spot Lebron with a Thome Brown Alligator Bag that costs about $41,000. His suits are also pretty expensive costing anywhere from $4900.
After winning the NBA Championship with the Lakers in 2020 Lebron decided to treat himself with a Mercedes Maybach G650 Landaulet which cost him $1.8 million. The vehicle is so rare that only 99 of them exist in the whole world. Lebron also owns 3 Ferraris, a Lamborghini Aventador roadster, 2 Maybachs, a Rolls-Royce phantom, and a Porsche 911.
Lebron James has a huge real estate portfolio worth over $100 million. He owns a $10 million mansion in his hometown of Akron. Between 2015 and 2017 he bought 2 properties in Brentwood, Los Angeles for about $44 million. In 2020 he bought a 13,000-square-foot estate in Beverly Hills worth $36 million.
Lebron James invests heavily in his body. He spends $1.5 million every year on his own body from massage therapists to trainers and his personal chefs.
The millionaire also spends a good amount of his wealth in giving back to the community. In 2018 Lebron opened his own school, I promise school (a public elementary school) in Akron, Ohio where he was born and raised. He opened the school to help kids from challenging backgrounds. He spends about $2 million per year to run the school.
In 2015, the NBA superstar announced a partnership with the University of Akron to provide scholarships to over 2000 children beginning in 2021.
James has had many achievements in his career of 18 years. Some of them include:
A total of 4 championships; In 2012 and 2013 with the Miami Heat, in 2016 with the Cleveland Cavaliers, and in 2020 with L.A Lakers. Lebron is the only player to have won NBA championships with 3 franchises.
James has also been named NBA’s most valuable player (MVP) 4 times, in the years 2009, 2010, 2012, and 2013. He has also been named NBA Finals Most Valuable Player 4 times (2012, 2013, 2016, 2020).
In the history of the NBA James is 3rd in all-time points (36,500) and is 7th in career assists (9,933). He also holds the record for all-time playoffs points (7631).
James is married to Savannah Brinson whom he met in High School. The two got married in 2013 in San Diego, California. They have 3 children Bronny (born 2004), Bryce (born 2007), and Zhuri (born 2014). Bronny is a high school basketball player.
In 2009 James underwent a 5-hour surgery to remove a benign tumor in the right side of his jaw.
James is also a fan of baseball and football. He also likes to take road trips as well as watch movies and tv shows.
With Lebron James net worth edging closer to the 1 billion-dollar mark, he’s set to become the second NBA player to become a billionaire, after Michael Jordan. Finally, here are some quotes from Lebron James that could inspire you
- You can’t be afraid to fail. It’s the only way you succeed – you’re not gonna succeed all the time, and I know that.
- I do have motivation. A lot of motivation.
- I have short goals – to get better every day, to help my teammates every day – but my only ultimate goal is to win an NBA championship. It’s all that matters. I dream about it. I dream about it all the time, how it would look, how it would feel. It would be so amazing.
- You have to be able to accept failure to get better.
- I’m going to use all my tools, my God-given ability, and make the best life I can with it.
- Every night on the court I give my all, and if I’m not giving 100 percent, I criticize myself.
- I like criticism. It makes you strong.
- Warren Buffet told me once and he said always follow your gut. When you have that gut feeling, you have to go with don’t go back on it.
- I treated it like every day was my last day with a basketball.
- As a kid, we would drive up and down 77 North – that’s our highway – there would be office buildings on the side of the highway and I’d be like, that’s what my house is going to look like when I get older. I’m going to start making my house look like this.