LeBron James has just reached the milestone of total assets of 1 billion USD. Thus, he became the first player playing in the NBA to join the elite group of “billion dollar”.
According to a calculation by Forbes , the amount of fortune LeBron James has earned in the past year has increased dramatically. “The Los Angeles Lakers star has maximized her business, generating more than $1.2 billion in pre-tax earnings,” the magazine said.
“His NBA salary from three different teams over the past 19 years has reached $383 million, and James has earned up to $900 million from other business ventures.” Thus, LeBron James’s fortune reached $ 1.2 billion and after deducting taxes, he became an NBA billionaire.
LeBron James checks up to $900 from other business projects
This is what shows LeBron James’s business talent, although in terms of salary in the NBA, he is still inferior to many stars. The four-time NBA champion has signed heavyweight deals with Nike, Wallmart, and more. He’s also invested in fitness startup Tonal, ride-sharing company Lyft and up-and-coming restaurant Blaze Pizza.
Another lucrative investment of James is the SpringHill Entertainment studio. The company is valued at about $300 million by Forbes . This is the same studio that produced “Space Jam: A New Legacy,” a movie James starred in and grossed $163 million at the worldwide box office.
James has long dreamed of becoming a billionaire. “It was my biggest milestone,” he told GQ in a 2014 interview. “Obviously I want to maximize my business. And if I happen to get there, if I happen to be a billion-dollar athlete, that’s amazing.”
LeBron James is a billionaire at the age of 37
And with the new milestone set, perhaps James is very proud of his latest success. Notably, Michael Jordan is the only basketball billionaire other than LeBron James on the Forbes list . But more than a decade after his retirement, Jordan reached this milestone, which is much slower than James.
