LeBron James, who has been an NBA All-Star 18 times, won four NBA titles, and won two gold medals at the Olympics, has reached yet another milestone by doing something that no other NBA player has ever done.
Forbes says that James is now a billionaire while still playing basketball. He had another huge year of earnings, which added up to $121.2 million before taxes and agent fees over the last 12 months.
Forbes says that the 37-year-old star has a net worth of $1 billion. James is the first active NBA player to make the billionaires list. He missed the playoffs this year for only the fourth time in 19 years.
James has done just that: he has made the most out of his business, making more than $1.2 billion before taxes. As the highest-paid player in the NBA, he has made more than $385 million from the Cleveland Cavaliers, Miami Heat, and Los Angeles Lakers. He has made more than $900 million through endorsements and other business deals.
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LeBron James is one of the greatest basketball players of all time, with a net worth of approximately $500 million. He has earned a significant amount of money from his NBA salary, but he also has multiple other sources of income.
One of James’ main sources of income is endorsement deals. He has worked with numerous top brands, such as Nike, Coca-Cola, and Beats by Dre. Forbes reported that James made $60 million in endorsements alone in 2020. He also has his own production company, SpringHill Entertainment, which produces films and television shows.
Another source of income for James is his investment portfolio. He has invested in many successful companies, such as Blaze Pizza and Liverpool FC. In 2015, he invested $1 million in Blaze Pizza and became a franchisee, and that investment has reportedly turned into a $35 million profit.
James also has a significant following on social media, which he has leveraged to earn money. He has over 85 million followers on Instagram and has used his platform to promote products and services, such as his own brand, UNINTERRUPTED, which produces content for athletes.
Despite his wealth, James is also known for his philanthropy. He has established the LeBron James Family Foundation, which focuses on education initiatives for disadvantaged children. He also donated $2.5 million to the National Museum of African American History and Culture and has worked with organizations such as the Boys & Girls Club of America.
In conclusion, LeBron James has multiple sources of income beyond his NBA salary, including endorsement deals, investments, and social media. He is also known for his philanthropic efforts, demonstrating that he uses his wealth to make a positive impact on society.
