What is LeBron James’ net worth? How much money does he make?
NBA superstar LeBron James is one of the best basketball players and highest-paid athletes in the world. Has he reached billionaire status already?
NBA superstar LeBron James is one of the highest-paid athletes of all time, which is not surprising as he is considered one of the world’s greatest basketball players.
The Los Angeles Lakers power forward’s status as an athlete is certainly reflected in his earnings- he is listed as number seven for total amount earned during his career. He is the only other basketball player in the top ten aside from Michael Jordan who sits at number one.
James is reported to have earned a whopping $1.17 billion dollars since he turned pro in 2003. He didn’t get the entire amount simply from his NBA salary though- he received some $400 million of the total from playing on court, and the rest of his millions come from endorsements and other off-court sources.
Despite this ten-figure amount, James has not joined the billionaire club- at least not yet. If he continues to earn at the rate he has been, Forbes Magazine estimates that he will be part of this elite circle before he turns 40.
If his net worth does reach the mark as projected, he will be only the second NBA player to become a billionaire. Jordan only accomplished this feat after he retired.
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How much is his salary?
James is currently the sixth-highest paid NBA player in terms of salary, receiving a base of $41.2 million a year. Despite only being number six in pay as a ball player, he is the top money-maker in the league.
The 36-year-old has a great ability to make the most of his fame as an athlete, translating it into dollar signs. He is not just a star player, he is also an in-demand endorser and an entrepreneur.
His salary last year was exceeded by his income from endorsements, memorabilia sales and appearances, which totaled around $70 million. The combined amount exceeds $100 million, and makes him the highest-earning NBA player for the eighth year in a row.
The King's net worth
For the moment, the 2003 number one NBA draft pick is estimated by Forbes Magazine to have a net worth of around $850 million.
$300 million of this is his estimated stake in the SpringHill Company, which he formed with friend and business partner Maverick Carter.
The four-time MVP’s real estate holdings are estimated at $100 million, while his share in Blaze Pizza is valued at approximately $30 million.
James also has $70 million invested in Fenway Sports Group, which owns various sports teams.
The rest of the $350 million of his assets includes cash, luxury cars, and other investments such as company shares.
King James also has a charitable organization, the LeBron James Family Foundation which carries out projects in his hometown of Akron.