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Lakers forward LeBron James has another accomplishment to add to his resume, as he has now become the first active NBA billionaire.
Forbes reports that the 37-year-old made $121.2 million from May 2021 to May 2022 in on-court salary and off-court earnings. That was just short of Paris Saint-Germain FC star Lionel Messi, who made $130 million over the same timeframe to become the highest-paid athlete in the world.
It’s the fulfillment of a goal for James, who told GQ back in 2014 that he’d be ecstatic if he reached the billion-dollar mark.
“I want to maximize my business,” James said. “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.”
James is estimated to have made more than $385 million on the court in salary over the course of his 19-year career with the Cavaliers, Heat and Lakers.
However, it’s James’ off-court projects which have carried him to the milestone. James is fresh off starring in “Space Jam: A New Legacy,” which made $31 million at the box office its opening weekend and later grossed $163 million at the global box office, per ESPN.
In addition, James sold a minority stake in his production company, SpringHill, at a $725 million valuation. Forbes estimates that James made more than $500 million from cash and investments, as he made big bucks off the sale of Beats By Dre to Apple in 2014. He also has a share in the fitness company, Beachbody.
James made $90 million from Fenway Sports Group, as he has been a minority owner of Liverpool FC since 2011. He later exchanged that for a 1% ownership stake in Fenway Sports Group, which owns multiple sports franchises. Those include the Boston Red Sox, Liverpool and most recently the Pittsburgh Penguins, who they purchased for $900 million.
James is showing no signs of slowing down on the hardwood after averaging 30.3 PPG, 8.2 RPG and 6.2 APG in 56 games this past season.
3 CommentsLeave a Reply
Good for him. The money didn’t make him any smarter though.
LOL true enough !
How many of those dollars came from China?