×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Skip to main content
Tags: lebron james | billionaire | los angeles lakers | nba | king james

LeBron James Reaches Billionaire Status

LeBron James Reaches Billionaire Status
American professional basketball player LeBron James and American comedian Adam Sandler arrive at the LA premiere of Netflix's "Hustle," of which both were producers and Sandler starred, on June 1, 2022 in Westwood, Los Angeles. (Getty Images)

Thursday, 02 June 2022 12:54 PM EDT

LeBron James has added another title to his collection: billionaire.

On Thursday, Forbes estimated the Los Angeles Lakers star's net worth at $1 billion. He is the first active NBA player to reach the status.

Michael Jordan, whose net worth Forbes has pegged at $1.7 billion, didn't reach billionaire status until 11 years post-retirement.

Forbes estimated James earned $121.2 million last year.

Becoming a billionaire is a feat James spoke of in a 2014 interview with GQ.

"If it happens. It's my biggest milestone," James said at the time. "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."

Despite earning close to $400 million in salary during his NBA career with the Lakers, Cleveland Cavaliers and Miami Heat, James' off-court earnings far eclipse that. Forbes estimated James, 37, has brought in more than $900 million from business investments and endorsements.

His investments and businesses include the Spring Hill Company, an umbrella group that includes his Uninterrupted and SpringHill Entertainment; Fenway Sports Group; an $80 million real estate portfolio; and Blaze Pizza.

Raised by a single mother in Akron, Ohio, he's put significant money back in his hometown, opening a school and planning housing and a community center to assist families and children.

On the court, James has won four NBA championships, been named league MVP four times and been selected to 18 All-Star teams. He also has won two Olympic gold medals.

© 2022 Thomson/Reuters. All rights reserved.


StreetTalk
LeBron James has added another title to his collection: billionaire.On Thursday, Forbes estimated the Los Angeles Lakers star's net worth at $1 billion. He is the first active NBA player to reach the status.Michael Jordan, whose net worth Forbes has pegged at $1.7 billion,...
lebron james, billionaire, los angeles lakers, nba, king james
256
2022-54-02
Thursday, 02 June 2022 12:54 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved
Download the NewsmaxTV App
NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved