LeBron James becomes first active NBA player to become a billionaire
The only other basketball billionaire was Michael Jordan but he didn’t become one until about 10 years after he retired from the game.
Kang shit....
Lebron James officially at Billionaire status........
- Thread starter Coldchi
- Start date
Kang shit....
"No, no, nooooo.... I have more money!!!"
LeBron James is the first active NBA player to reach billionaire status
by Luke Gentile, Social Media Producer
| June 02, 2022 11:02 AM
LeBron James might claim just to be a kid from Akron, but he continues to make history and recently became the first active NBA player to become a billionaire.
The four-time NBA champion's net worth of $1 billion was reported by Forbes on Thursday, which said James, 37, earned roughly $121.2 million last year.
"It's my biggest milestone," James said in a 2014 interview. "Obviously, I want to maximize my business. And if I happen to get it, if I happen to be a billion-dollar athlete. Hip hip, hooray! Oh, my God, I'm gonna be excited."
Maximizing his business, James's total pretax earnings are estimated to be $1.2 billion, according to the report.
Roughly $385 million come from his NBA salary, but the bulk of the sports icon's earnings comes from off-the-court ventures.
The athlete has raked in more than $900 million from endorsements and other businesses.
James has not had an easy path to success.
He was born to a 16-year-old single mother in Akron, Ohio, and moved more than a dozen times before he reached high school, where he grabbed national attention on the court.
James signed with Nike at the age of 18 in 2003 and, following over a decade of success, penned a lifetime agreement with the brand in 2015.
The two-time Olympic gold medalist is an experienced businessman and has gone out of his way to structure deals in a manner that grants him equity in brands, the report noted.
The "King" seeks a portion of the upside, not just a quick paycheck.
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His portfolio includes roughly $300 million in the SpringHill Company, $90 million in Fenway Sports Group, $80 million in real estate, $30 million in Blaze Pizza, and over $500 million in cash and other investments.
LeBron James is the first active NBA player to reach billionaire status | Washington Examiner
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Living legend.
LeBron James Is Officially A Billionaire
He missed the playoffs for just the fourth time in 19 seasons but LeBron still scores as the first active NBA player to make our list.
LeBron James–18-time NBA all-star, 4-time NBA champion, 2-time Olympic gold medalist–has hit yet another milestone, this time doing something no other NBA player has ever done.
After another monster year of earnings–totaling $121.2 million last year–Forbes estimates that James has officially become a billionaire, while still playing hoops.
The 37-year-old superstar has a net worth of $1 billion, by Forbes’ count. James, who’s missing the playoffs for just the fourth time in 19 seasons, is the first active NBA player to make the billionaires list. (Michael Jordan, the only other basketball billionaire, didn’t hit ten figures until 2014, more than a decade after he retired, thanks to a well-timed investment in the Charlotte Hornets basketball team.)
"It’s my biggest milestone,” James told GQ in a prophetic 2014 interview. “Obviously. I want to maximize my business. And if I happen to get it, if I happen to be a billion-dollar athlete, ho. Hip hip hooray! Oh, my God, I’m gonna be excited."
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LeBron James Is Officially A Billionaire (forbes.com)
He missed the playoffs for just the fourth time in 19 seasons but LeBron still scores as the first active NBA player to make our list.
LeBron James–18-time NBA all-star, 4-time NBA champion, 2-time Olympic gold medalist–has hit yet another milestone, this time doing something no other NBA player has ever done.
After another monster year of earnings–totaling $121.2 million last year–Forbes estimates that James has officially become a billionaire, while still playing hoops.
The 37-year-old superstar has a net worth of $1 billion, by Forbes’ count. James, who’s missing the playoffs for just the fourth time in 19 seasons, is the first active NBA player to make the billionaires list. (Michael Jordan, the only other basketball billionaire, didn’t hit ten figures until 2014, more than a decade after he retired, thanks to a well-timed investment in the Charlotte Hornets basketball team.)
"It’s my biggest milestone,” James told GQ in a prophetic 2014 interview. “Obviously. I want to maximize my business. And if I happen to get it, if I happen to be a billion-dollar athlete, ho. Hip hip hooray! Oh, my God, I’m gonna be excited."
CONTINUED:
LeBron James Is Officially A Billionaire (forbes.com)
Good stuff 
Props!
Single mothers ain't shit. This little bastard out here committing crimes and shit!
That's my response to how this board likes to broad brush single mothers.
Ahhhh lol got it
Kudos to
Lebron! Outstanding!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Hating crabs in a barrel on their way in 3....2....1
Lebron! Outstanding!!!!!!!!!!!!!!!!!!!!!!!!!!!!Hating crabs in a barrel on their way in 3....2....1
He’s already better than Michael Jordan in my books. He did much with his millions than Mike did. Now that he’s a billionaire, he’ll probably do more.
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That's what's up!
Good for him
nah Brady is far away unless u count Gisele's assets with his, there'll be well over 10 other athletes that get there before Brady himself
Hasn't mike opened several hospitals? Lebron has done a lot obviously but mike has been very philanthropic in recent years.
Yup! Retire right now; save what’s left of my knees.
Yep, I'm deadly serious.
I'd rather see him doing well, then use some his resources to help his people. Versus, seeing him with no resources... where he can't do shit for anyone. But, he can say (while impoverished), "I kept it real."
Like I said, He played the game and he's winning.
It’s gonna be both. You’re net worth is comprised of everything you have, ie cash, assets, minus any liabilities, ie any loans he may haveIs it better to be a cash billionaire or own assets worth a billion? Wonder which one he is
what do you mean by our society? Athletes pay is literally tracked by Forbes, Sportico and many other publications and sports business companies, its an entire industry due to ppl from all backgrounds in the world being interested in the content
LeBron James becomes first active NBA player to become a billionaire
The only other basketball billionaire was Michael Jordan but he didn’t become one until about 10 years after he retired from the game.www.wsoctv.com
Kang shit....
My nigga...Good stuff Lebron...
Don't sleep on Curry either....I can see him getting there soon...