LeBron James is now a Billionaire | Details on his Net Worth here

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LeBron James is a professional basketball player and entrepreneur from the United States. The 37-year-old player is widely regarded as one of the greatest players of all time. He is sometimes compared to Michael Jordan in disputes over who is the greatest basketball player of all time.

James and his wife, Savannah Brinson have been together since they were in high school. They have three kids together.

What Is LeBron James' Net Worth?

According to Forbes, LeBron James has a net worth of $1 billion. James became the first active NBA player to join the billionaires' list, even though missing the playoffs for only the fourth time in 19 seasons.

LeBron James has a net worth of $1 billion.
Photo Source: Instagram

James, the 18-time NBA all-star, four-time NBA champion, and two-time Olympic gold winner, has reached yet another milestone, this time accomplishing something no other NBA player has ever done. 

After another record-breaking year of earnings totaling $121.2 million last year, Forbes believes the 37-year-old player has officially become a billionaire while still playing basketball.

LeBron James Real Estate

LeBron James owns at least three properties totaling over $80 million. In 2017, James paid $23 million for an eight-bedroom mansion in Los Angeles' exclusive Brentwood neighborhood. 

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James spent $10 million to build a residence near his hometown of Akron, Ohio. He also has a 13,000-square-foot Beverly Hills mansion that he paid $36.75 million for and has already demolished in order to build his own mansion.

Fenway Sports Group - $90 million

Among LeBron James' assets are pro baseball, soccer, and hockey teams. The NBA star also had a minority share in Liverpool FC, which he acquired in 2011 in return for a stake in Fenway Sports Group (which are the owners of Liverpool).

Among LeBron James' assets are pro baseball, soccer, and hockey teams. 
Photo Source: Instagram

James is also estimated to possess 1% of the company that owns the Boston Red Sox, Fenway Park, and Liverpool, as well as half of Roush Fenway Racing and 80% of the New England Sports Network.

$30 Million For Blaze Pizza

For years, LeBron James has been all-in on Blaze Pizza, even working behind the counter and going out into the community to hand out pies to promote the business. His zeal is understandable.

For years, LeBron James has been all-in on Blaze Pizza, even working behind the counter.
Photo Source: Instagram

In 2012, James paid less than $1 million for a 10% stake in the made-to-order, assembly-line-style pizza chain, which has since expanded to more than 300 company-owned and franchised locations across the United States and Canada. 

Forbes values James' investment in the chain at $30 million, including a small stake in 18 Blaze franchise restaurants run by restaurateur Larry Levy in Florida and Illinois.

Cash and other investments

Aside from what has been disclosed, Forbes believes that the superstar has more than $500 million in assets, even after accounting for lawyers, managers, and his celebrity lifestyle. 

The millionaire owns shares of publicly-traded fitness business Beachbody, which purchased Ladder, the sports nutrition company James co-founded with Arnold Schwarzenegger, in 2020 for $28 million in stock.

Spring Hill Corporation - $300 million

More Than A Game, an award-winning documentary on LeBron James' high school years, was produced by the firm in 2007. SpringHill merged three firms into one: the marketing agency James' Robot Company, the athlete platform Uninterrupted, and SpringHill Entertainment.

More Than A Game, an award-winning documentary on LeBron James' high school years, was produced by the firm in 2007.
Photo Source: Instagram

In 2020, James and his business partner Carter raised $100 million from investors such as James' investment manager Paul Wachter and Elisabeth Murdoch, the daughter of News Corporation tycoon Rupert Murdoch. 

Last October, LeBron sold a "substantial minority stake" to a group of investors for $725 million, but he remains the company's largest single stakeholder, albeit his stake is estimated to be less than 50%.

SpringHill also assisted in the production of 2021's Space Jam: A New Legacy, starring James, as well as a recent Netflix Docu-series about tennis player Naomi Osaka. The studio is also working on a biopic about James' childhood and a remake of the 1990 comedy House Party.

Other Buisness Ventures

Other early professional moves that have benefited LeBron James to this day include signing his initial agreement with Nike in 2003, at the age of 18, after rejecting offers from Reebok and Adidas in favor of what he perceived as the better long-term partner. He signed a lifetime contract with Nike in late 2015, which pays him tens of millions of dollars every year.

James also turned down an endorsement deal with McDonald's worth an estimated $15 million over four years to join the fast-growing Blaze Pizza company, in which he is an investor. He's invested in companies like Tonal, a smart gym, and Lyft, the ride-sharing giant.

Deals with AT&T, PepsiCo, and Walmart have also contributed to LeBron being the world's second-highest-earning athlete.

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