Lebron James net worth
Lebron James net worth. After 18 NBA All-Star appearances, four NBA championships and two Olympic gold medals for LeBron James, the NBA’s most decorated player has accomplished something no other player has ever accomplished.
Forbes estimates that James officially became a billionaire while playing basketball after another monstrous year of earnings, hitting $121.2 million before taxes and agent fees in the past 12 months.
According to Forbes, the 37-year-old celebrity is worth $1 billion. James, the first current NBA player to make the billionaire list, missed the playoffs for the fourth time in 19 seasons this year. One of basketball’s only other billionaires, Michael Jordan (who retired in 2008), didn’t hit ten figures for another decade because he invested in the Charlotte basketball franchise. Hornets at the right time.
In a prescient 2014 interview with GQ, James said, “This is my biggest step.” “Obviously. I’d like to maximize the revenue from my business. And if I understand, if I happen to be a billion dollar sports star, ho. Let’s toast to that! My God! I’m going to spend a good time.
THE SPRING HILL COMPANY
In 2007, marketing company James’ Robot Company, Uninterrupted, and SpringHill Entertainment, a production company for the award-winning documentary about James’ high school days More Than a Game, merged into a single company named SpringHill.
After raising $100 million from investors including James’s investment adviser Paul Wachter and Elisabeth Murdoch, the daughter of News Corporation magnate Rupert Murdoch, James and Carter will merge their businesses in 2020 as The SpringHill Corporation. . James sold a “substantial minority stake” in the company to a group of investors including RedBird Capital Partners, Fenway Sports Group, Nike and Epic Games in October. Although his stake in the company is believed to be less than 50%, James is the largest individual shareholder.
For HBO Max in July, SpringHill, which worked on Space Jam: A New Legacy (with James) in 2021 and a documentary about tennis star Naomi Osaka on Netflix, is currently developing a biopic about James’ early years and a remake. 1990s comedy House Party.
FENWAY SPORTS GROUP
James has expressed his desire to buy an NBA franchise in the past. He is on the right track. In addition to basketball, it has professional baseball, soccer and hockey teams.
In 2011, James’ sports marketing business partnered with Fenway Sports Group to acquire a minority stake in Liverpool FC, an English Premier League soccer team. FSG is now partly owned by him and Maverick Carter, who swapped ownership of Liverpool for a stake in the company in 2013.
The Boston Red Sox, Fenway Park and Liverpool Football Club, along with half of Roush Fenway Racing and eighty percent of the New England Sports Network, are all owned by the consortium in which James is believed to own around one percent. For approximately $900 million in the fall of 2021, FSG agreed to acquire the Pittsburgh Penguins from the NHL.
For years, James lived like a billionaire. In total, he owns three properties, with a combined value of around $80 million. In suburban Akron, Ohio, he built a $10 million residence. In 2017, he paid $23 million for an eight-bedroom Brentwood mansion in Los Angeles. A 13,000 square foot home in Beverly Hills is his latest expense. For $36.75 million, James bought a 1930s hilltop mansion, which he has already torn down in order to build a new residence for himself.
Even working behind the counter and handing out pies on the street to promote Blaze Pizza, James has been an enthusiastic supporter for many years. It is easy to relate to his passion. More than 300 company-owned and franchised locations in the United States and Canada have been established since he spent less than $1 million for a 10% stake in the made-to-order pizza brand in 2012. That estimate includes James’ investment in the business, which is valued at around $30 million, as well as his minor share of 18 Blaze franchise restaurants in Florida and Illinois that are owned by restaurateur Larry Levy.
CASH AND OTHER INVESTMENTS
Living like LeBron is expensive, but even after factoring in a superstar’s managers, agents, lawyers and expenses, Forbes estimates James has over $500 million in net worth. Some of that money comes from big deals, like the $3 billion sale of Beats by Dre to Apple in 2014, which James co-founded with Arnold Schwarzenegger and was a spokesperson for and owned a small stake in. slice (James was a mouthpiece and owned a small slice of).