Here’s a look at the 5 reasons why NBA superstar LeBron James became a billionaire.
Earlier on Thursday, LeBron James became the first active NBA player to become a billionaire, according to reports from Forbes. While James has made a small fortune through his basketball career, he has also invested smartly in growing businesses. Here’s a look at 5 main reasons why the four-time NBA champion climbed the ladder of success to make it big and boost his net worth.
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LeBron James’ NBA career – LeBron James is widely regarded as one of the best basketball players in the world. The 18-time All-Star has raked in a whopping $387 million through his basketball career earnings, having played for the Cleveland Cavaliers, Miami Heat and Los Angeles Lakers.
LeBron James’ media company Uninterrupted – A few ardent LeBron James fans will know that the 37-year-old began a media company a few years ago, called ‘Uninterrupted’. This investment has paid off immensely for James and continues to do so as the athlete-empowering brand allows players to share their views and opinions. The company has boosted in viewership due to the popular show ‘The Shop’ which has been renewed for its 5th season.
LeBron James’ SpringHill Entertainment deal – James made an investment in the movie industry after joining the Lakers in 2019 and it has paid him back handsomely. According to reports, James’ investment in SpringHill Entertainment is worth around $300 million.
LeBron James’ investment in Blaze Pizza – Back in 2011, LeBron James opted to make an investment in a popular growing pizza chain. In just five years since his investment, James made an astonishing $35 million as the pizza business continued to expand. Nearly 11 years later, Blaze Pizza has several outlets across the USA and James owns around 20 of those restaurants.
LeBron James’ investment in FSG – American sports giants Fenway Sports Group are owners of several different sports teams across the globe. Some of the major teams that FSG owns include MLB outfit Boston Red Sox and Premier League football club, Liverpool. James holds a small stake at FSG which is worth a staggering $90 million.