According to Forbes, LeBron James Is Officially a Billionaire. This makes James the first active NBA player to surpass the billion-dollar mark, joining retiring basketball legend Michael Jordan as the second NBA player to do so.
James, a small forward for the Los Angeles Lakers, is the highest-paid player in the NBA, earning $121 million in both on and off the court last year. He was ranked second on Forbes’ list of the 10 Highest-Paid Athletes of 2022, behind Lionel Messi, who was ranked first.
Overall, James has earned $387 million from the Cleveland Cavaliers, Miami Heat, and Los Angeles Lakers, as well as $900 million from other ventures and endorsements like a lifetime Nike sponsorship, Blaze pizza franchises, and owning a video production company, bringing his pre-tax earnings to more than $1.2 billion.
James, an Ohio native, grew up with a single mother who struggled to make ends meet. Thanks to a money lesson from his uncles, James made sure to set aside some of the modest amount of money he did have.
In a UNINTERRUPTED podcast, James remarked, “My uncles always taught me — they taught me how to establish a savings account.” “They’d hand me a dollar and say, ‘Listen, nephew, go spend 35 cents of it and keep the remaining 65.’ ‘Go ahead and spend a dollar of it, but keep the other dollar,’ they’d say if they gave me two dollars.”
James was recruited by St. Vincent-St. Mary High School in 1999 after demonstrating a natural flair for basketball. During his four years on the team, he scored over 2,500 points.
The Cleveland Cavaliers selected James first overall in the NBA Draft in 2003. He scored 25 points, 6 rebounds, and 9 assists in his NBA debut, which was dubbed “one of the most remarkable in league history.” James would go on to win four NBA championships and three Olympic gold during his career.
In 2018, the LeBron James Family Organization, the athlete’s foundation, established the I PROMISE School, a public school in Akron, Ohio. The school is committed to assisting students who are at risk of “falling between the gaps” in their academic pursuits.
What Lebron James Want To Do:
After becoming a part-owner of the Boston Red Sox in 2021, James revealed his desire to one day control an NBA franchise.
“I have a lot to give to the game.” I understand what it takes to succeed at this level. James told interviewers, “I know talent.” “I also understand how to run a business.” As a result, that is my objective. My ambition is to purchase an NBA team, and I plan to do so sooner rather than later.”
James claims that he still has a lot of life left in him and that he has no plans to slow down anytime soon. The Lakers have offered him a two-year, $97 million contract extension, and he intends to play with his son, LeBron “Bronny” James Jr., soon.
“To be honest, I could go on for a minute,” he tweeted. “It’s really up to me to keep my mind sharp.” “I’m still on the verge of going insane!”