LeBron James is officially a billionaire! – Forbes France

He missed the NBA playoffs for only the fourth time in 19 seasons, but LeBron James is more than ever one of the richest playoffs in the rankings. Forbes billionaires.

LeBron JamesAn 18-time NBA All-Star Game, four-time NBA champion and two-time Olympic gold medalist, he has reached a new stage in his career, a feat unmatched by any other NBA player before him.

After another year of massive income ($121.2 million The last year), Forbes It is believed that LeBron James has officially become a billionaire, while still being an active player.

The 37-year-old basketball star’s net worth is estimated at 1 billion dollarsaccording to Forbes. Thus, LeBron James becomes the first active NBA basketball player to appear in the world rankings Forbes billionaires. Michael Jordanthe only other billionaire in the basketball world, reached the world rankings only in 2014, after more than a decade in retirement, thanks to a wise investment in the Charlotte Hornets basketball team.

“It’s a huge milestone,” said LeBron James. QG In a prophetic interview in 2014. “Obviously I want to maximize my business. And if by chance I pass this feat, if by chance I become a multi-billion dollar athlete, shout out! Oh, my God, I will be rejoiced.”

It is clearly an important step. I want to maximize my work. And if by chance you pass this milestone, if by chance you become a multi-billion dollar athlete, shout out! Oh, my God, I’d be delighted. »

LeBron James

And LeBron James did it: He maxed out his business, with an amount Over $1.2 billion in pre-tax earnings. As the highest paid active basketball player in the NBA, he earned a salary of More than 385 million dollars With the Cleveland Cavaliers, Miami Heats and Los Angeles Lakers. Gained the extra athletic level More than 900 million dollars Revenue from sponsorship contracts and other business activities.

Born in Akron, Ohio to a single mother of 16, LeBron James moved multiple times (twelve times in three years), and in turn stayed with family members, friends, neighbors, and even with his NFL coach in Pewe, before becoming a basketball player. The most famous of all. He signed his first contract with nike In 2003, at the age of 18, he turned down offers from Reebok and Adidas in favor of what he saw as the best long-term partner. good decision ! After more than a decade of success, he struck a lifelong deal with Nike in late 2015, which earns him tens of millions of dollars annually. Last year, thanks to his deals with Nike, AT&P, PepsiCo and Walmart, he was the second highest paid athlete in the world.

However, the real key to LeBron James’ wealth is that he was more than just the face of a brand. The new billionaire has long brokered deals to give him a stake in the brands he’s partnering with, offering him a share of the profits rather than just a salary. In 2015, LeBron James walked away from a contract with McDonald’s, estimated to be worth about $15 million over four years, to bet on a pizza chain. fireWhich is experiencing rapid growth in which the basketball player is an investor. He also acquired stakes in brands such as tonalmaker of smart gyms, and LiftCar giant.

There is, too spring Hillthe film and television series production company created by LeBron James and his partner Maverick Carter. Last October, outside investors, including the owner of the Boston Red Sox,Fenway Sports GroupAnd the Epic Gamesbought the company that contributed to the production of the film Space Jam: A New Era The HBO documentary What is my name: Muhammad Ali. The billionaire basketball player clearly remains the main contributor to SpringHill.

Below is an analysis of LeBron James’s billion dollar fortune:

spring Hill: 300 million dollars

Named after the Akron, Ohio apartment complex where LeBron James and his mother finally found stability, SpringHill is a company that combines three businesses into one: a marketing agency robot companySports Agency without interruption And the Spring Hill Entertainment (It was founded in 2007 to produce a documentary about LeBron James’ high school, more than one game).

In 2020, LeBron James and Maverick Carter merged these three entities into SpringHill after their promotion 100 million dollars From donors, including Paul Watcherinvestment advisor to the basketball star, and Elizabeth MurdochDaughter of News Corp billionaire Rupert Murdoch. Last October, LeBron James sold a “significant minority stake” worth 725 million dollars To a handful of investors, including Redbird Capital PartnersAnd the Fenway Sports Groupand Nike and Epic Games. LeBron James is the company’s largest shareholder, although his stake should not exceed 50%.

SpringHill, which co-produced the film Space Jam: A New Era And the latest Netflix documentary series about tennis star Naomi Osaka, is currently working on a biography of LeBron James’ early life and comedy remake. house party From 1990 due for HBO Mac in July.

Fenway Sports Group (FSG): $90 million

LeBron James has publicly stated that he dreams of owning an NBA team. He is on his way to fulfill his dream. The basketball star already has professional baseball, football, and hockey teams in his asset portfolio.

In 2011, he acquired a minority stake in Liverpool Football Club (Premier League), when his sports marketing company partnered with Fenway Sports Group. Last year, he and Maverick Carter exchanged his shares in Liverpool FC for a stake in FSG.

It is believed that LeBron James is pregnant About 1% of the communitywhich owns the Boston Red Sox, Fenway Park and Liverpool, as well as half Rosh Fenway Racing And the 80% New England Sports Network. At the end of 2021, the FSG agreed to pay roughly $900 million To add the Pittsburgh Penguins (NHL) to his portfolio.

Moving: 80 million dollars

LeBron James lived like a billionaire for years. Owns at least three properties with a total value of approximately 80 million dollars. He built a palace 10 million dollars Near his hometown of Akron, Ohio. In 2017, he bought an eight-bedroom property in the upscale Brentwood neighborhood of Los Angeles to 23 million dollars. His last stroke of madness: the palace of 1208 AD2 in Beverly Hills. LeBron James paid $36.75 million for a 1930s hilltop home that he had already demolished to replace his private mansion.

Please Pizza: $30 million

LeBron James has been involved in the Blaze Pizza chain for years, sometimes even going behind the counter and strolling the streets handing out pies to promote the brand. His enthusiasm is understandable. In 2012, he reportedly spent less than $1 million on a 10% share in the pizza chain. Since then, the chain has grown to more than 300 restaurants. Forbes estimates that LeBron James’ stake in Blaze, along with his small stake in the 18 Blaze stores in Florida and Illinois operated by restaurateur Larry Levy, is worth about $30 million.

Cash and other investments: More than 500 million dollars

Lead an expensive LeBron James lifestyle. Even after accounting for manager and agent salaries, attorneys’ fees, and a player’s spending habits, Forbes believes LeBron James has More than half a billion dollars in net assets. This includes in particular the profits made after the sale beats by dre To Apple for $3 billion in 2014 and through publicly traded stock of the fitness company Beach Body.

Article translated from Forbes US – Author: Chase Peterson-Withorn

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