Lebron James, first NBA player to be a billionaire

LeBron James is the first NBA basketball player who becomes a billionaire. has won 346 million dollars through contracts in the NBA and 700 million with its agreements off the field of play. The investments of the American player are the key to achieving these great incomes, according to the data of @SedDeVictoria.

The best investments LeBron James

To the 18 years old got his first big action in relation to money. First he rejected a contract 10 million dollars from Puma and after a few days he achieved one of 90 million with Nike. “I started to think…I’m willing to give me a check for 10 million dollars now, What if Nike or Adidas are willing to offer me 20 million?“explained the NBA player in an interview.

Before its debut in 2008, Beats sent LeBron James 15 pairs of its headphones. When the US Olympic team arrived in Paris with Beats, the images quickly went viral, bringing fame to the brand. The NBA player also acquired a stake in the company. As “silent investor”, managed to earn $30 million after Apple’s purchase of the headphone brand in 2016.

What stands out most in his investments that have led him to be a millionaire is the acquisition of 2% of Liverpool FC in 2011 by 6.5 million dollars. The team has won a title of the Champions League and a Premier League titleraising the value of your participation to more than 80 million.

Additionally, LeBron took advantage of his connection with the English soccer team to join the board of directors of Fenway Sports Group (FSG)the company that includes Roush Racing y los Boston Red Sox. The successful basketball player hasn’t stopped there.

In 2012, it invested less than $1 million on Blaze Pizza for 10% of the company, and the income from its investment has increased its value at almost 70 millionand operates 19 franchises of the chain throughout the country. In another area, LeBron invested in the Lobos 1707 tequila in 2020describing his decision as a reflection of his connection to his hometown: “If it tastes good in Akron, Ohio then I know it’s right“.

The secret of success of the NBA player

The professional basketball player has also left a significant mark on education with his show “I Promise.” the schoolinaugurated in 2018, houses 1,300 students, guaranteeing educational opportunities for the future. All this business success is backed by a team of experts who are composed of Maverick Carter, Rich Paul and Randy Mims.

LeBron James is the first man in the NBA to reach billionaire status.

He has earned $346 million through NBA contracts and $700 million from his off-court deals.

THREAD: LeBron’s 7 best investments. pic.twitter.com/WvGDLXIseT

— Sed De Victoria (@SedDeVictoria) October 19, 2024