Besides the title “King” in the basketball world, LeBron James is also known as one of the coolest investment players in the NBA arena.
Recently, information about Lebron James’s investment in Blaze Pizza chain has been updated. Starting to enter the market with the figure of 800,000 USD, the profit that Blaze Pizza earned in 2019 has reached 400 million USD, which is about 500 times more than the initial capital that LeBron James and his associates. spent.
Still known as an athlete who broke a series of records in the NBA, LeBron James is now also the first player of the American professional basketball league to become a billionaire. With his ability to invest – LeBron James has become one of 700 people with assets up to billions of dollars in the country of more than 300 million people, appearing on the same list with famous names in the business world: founders Amazon founder – Jeff Bezos or CEO of Tesla – Elon Musk.
Not becoming a billionaire by only signing million-dollar contracts with NBA teams, James has brought himself a huge fortune when using the money from those contracts, turning it into a billionaire. capital for investments worth tens, hundreds of times.
According to Forbes – the leading business magazine, as of 2022, James has spent up to $ 385 million, extracted from his income at the Cleveland Cavaliers, Miami Heat and Los Angeles Lakers as well as $ 900 million from projects other business projects to invest in their multi-industry portfolios.
Becoming more famous in the investment field after the success of the Beats Electronic deal, LeBron James is like a “fish in water”, continuing to engage more in the investment path. One of the later successes of the Lakers star can be mentioned as the successful franchise Fenway Sports Group (estimated at about $90 million) or the successful acquisition of many shares of professional sports clubs such as: Boston Red Sox, Liverpool…
It can be said that, in any field that LeBron decides to invest, it will all reap results, and the restaurant business is no exception. Along with a sharp brain, LeBron James soon saw the growth potential of the Blaze Pizza restaurant chain.
Working with his partner, the 37-year-old star spent about $600,000 on the deal – equivalent to 10% of Blaze’s shares in 2012. Blaze Pizza has since grown steadily, opening more than 300 more branch in North America. As of 2019, Blaze Pizza has become a nationwide chain with a total revenue of up to 400 million USD.
By always starting at the right time and stopping at the right time, Blaze Pizza is certainly not the only business that the superstar with the number 23 of the Lakers has won big, but, Blaze is definitely one of those times “down the money” ” bring the biggest profit for LeBron James.
This business acumen of LeBron is one factor that sets him apart from his peers, reaching a level that perhaps only Michael Jordan has achieved before. The name Lebron James is now a gold standard that the “traders” in the NBA are aiming for.
