Basketball Player LeBron James Becomes The First Active NBA Player Billionaire
Basketball Player LeBron James Becomes The First Active NBA Player Billionaire. Forbes Magazine has reported that American basketball player LeBron James has now become the first active NBA Basketball player to have a net worth of at least $1 Billion, the basketball superstar has managed to build up a net worth of $1.2 billion.
According to Forbes Magazine, “James has maximized his business, to the tune of more than $1.2 billion in pretax earnings. He has commanded more than $385 million in salary from the Cleveland Cavaliers, Miami Heat and Los Angeles Lakers as the NBA’s highest-paid active player. Off the court, he has raked in upwards of $900 million in income from endorsements and other business ventures.”
LeBron Raymone James Sr. is an American professional basketball player for the Los Angeles Lakers of the National Basketball Association. With his eanring laso coming firm his huge paycheck as a basket AL player, James has also a manged to build up a formidable business portfolio that has grown over the years in order to reach this Billionaire status. James has invested in companies such as THE SPRING HILL COMPANY, FENWAY SPORTS GROUP and BLAZE PIZZA. His deal with Nike, plus deals with brands like AT&T, PepsiCo and Walmart, made LeBron the second highest earning athlete in the world last year.
With the way his basketball career and businesses have grown and continue to grow over the years, it can be said that LeBron is set to acquire even more wealth as he is not yet retired from playing basketball and when he does and focusses fully on his businessses, he will be able to create more opportunities for himself to increase his net-worth.
