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LeBron James Is Now NBA’s First Active Player Worth $1 Billion

Posted by Oseiagyemang.com

The Los Angeles Lakers hotshot, a four-time NBA champion and the League’s No. 2 top scorer, made $121.2 million from May 2021 to May 2022 in on-court salary and off-court earnings, as per Forbes.

The Net worth followed just that of Lionel Messi, who made $130 million, on Forbes’ highest paid athletes list.

Interestingly, LeBron James has for quite a while, been considering making $1 billion.

“I want to maximize my business,” James told GQ in 2014. “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.”

Despite the fact that Lakers strived in 2021-22 and James missed the end of the season games for only the fourth time in his career, at 37, he became, the oldest player to average 30 points in a season (30.3 PPG).

Off the court, James featured in “Space Jam: A New Legacy” and as per Forbes, sold a minority stake in his production organization, SpringHill, at a $725 million valuation.

“I Take My Hat Off To The NBA. They’ve Done A Way Better Job Than The NFL”

SpringHill released the “Space Jam” spin-off, which earned $163 million around the world; “The Shop,” which moved from HBO to YouTube last year; and a docuseries with tennis star Naomi Osaka. The organization is also releasing a redo of the 1990 comedy “House Party.”

James has made more than $385 million in compensation from his 19-year career with the Lakers, Cleveland Cavaliers and Miami Heat.

A Breakdown Of Where LeBron James’ Also Made His $1 Billion From, according to Forbes:

• More than $500 million from cash and investments. Along with SpringHill, James made money from the sale of Beats by Dre to Apple in 2014 and has shares in fitness company Beachbody.

• $90 million from Fenway Sports Group. James was at one time a minority owner of Liverpool FC. He exchanged that for an estimated 1% ownership stake in Fenway Sports Group. The group owns Liverpool, Fenway Park, the Boston Red Sox and half of Roush Fenway Racing and recently agreed to spend $900 million to purchase the Pittsburgh Penguins.

• About $80 million in real estate holdings, including a $10 million mansion in Akron, Ohio, and two homes in the Los Angeles area for which James paid a combined $59.75 million.

• Interests in the food and beverage industry that include $30 million in pizza chain Blaze Pizza, which James bought a 10% stake in for less than $1 million in 2012.

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