How rich is LeBron James? Here is a breakdown of his wealth.

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LeBron James’ decision this week to buy a professional pickleball team shouldn’t weigh heavily on his wallet.

Los Angeles Lakers star became a billionaire earlier this year due to his combination of real estate, sports team ownership and numerous sponsorship and endorsement deals, according to a Forbes estimate that pegged his net worth at $1.2 billion. This step is the one James has been working towards for nearly a decade. In a 2014 interview with GQ, he said he was trying to maximize his business plans and would love to hit the $1 billion mark one day.

James’ endorsements and business ventures generated around $900 million in revenue, Forbes estimates. Then there is basketball. James, who will enter his 20th NBA season next month, played for three teams and earned $385 million in total on-court salary, Forbes reported. Most recently, he signed a two-year contract with the Lakers worth $97.1 million in a deal that made him the highest-earning NBA player in history, according to Bloomberg. .

Forbes estimates that James, 37, is the second highest-earning athlete in the world behind Paris Saint-Germain footballer Lionel Messi.

The unnamed Major League Pickleball team isn’t James’ first dive into sports ownership. He bought a stake at British football club Liverpool FC in 2011 and is also a Boston Red Sox co-owner. Those investments represent about $90 million of his net worth, Forbes said.

James has a long list of corporate endorsements, including AT&T, Crypto.com, GMC, Pepsi, Rimowa and Walmart, according to Sportico. In 2015 he signed a lifetime endorsement contract with Nike, with whom James had signed a $90 million contract just before graduating from high school.


Maverick Carter, CEO of LeBron James’ company, discusses new investors and the growth of the media empire

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James has also served as a spokesperson for Blaze Pizza and even starred in commercials promoting the pizza place. He now owns a 10% stake in the company, which added $30 million to his net worth, Forbes said.

Among his other assets, James owns a television and film production company called SpringHill which he launched in 2020 with business partner Maverick Carter. The company helped produce the cartoon movie Space Jam 2, in which James was the lead actor. SpringHill also produces a show for HBO Max called “The Shop: Uninterrupted” which James occasionally hosts. Nike, Epic Games and other companies invested in SpringHill last October, helping to boost the production company’s valuation to around $725 million.

Forbes also estimates that James owns three homes worth around $80 million – a mansion in his hometown of Akron, Ohio, another estate in Beverly Hills, California, and a third home in Los Angeles.

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