LeBron James became the first active athlete to achieve billionaire status.
Source: Michael Tran / Getty
The time has come for LeBron James, who is at the front and center of Forbes, to become the first active athlete to ascend the throne to become a billionaire.
Raja has never been arrogant when it comes to his wealth, but reports suggest that he is moving closer to becoming a billionaire in the last few years. Now, LeBron joins Michael Jordan and Kobe Bryant, who became billionaires after their amazing on-court careers.
According to Forbes, when previously asked about reaching billionaire status, LeBron confirmed that this is not the goal, but he would be excited if it happened.
“It’s my biggest milestone, obviously. I want to maximize my business. And if I can get it, if I can be a billion dollar athlete, ho. Hip hip hurray! Oh, my God, I’m going to get excited, “LeBron said.
LeBron’s diverse portfolio and investments have paved the way for this day
LeBron James Sr. Playing in Cleveland, Miami and Los Angeles alone has earned the court nearly $ 400 million. Most of its revenue comes from off-court initiatives, though, which total 900 million.
LeBron’s first contract was signed with Nike when he was just 18 years old. Today, that deal still pays him millions a year, thanks to a lifetime deal between the two. Endorsement deals have partnered with Walmart, AT&T, Pepsi, and more to keep Bron’s bank account in good standing.
Another secret of his off-court success is that he took equity on approval as he did with Blaze Pizza, Loboss 1017, Tonal and Lift. He also has personal investments such as his production company Springhill, Fenway Sports Group, Beechbody, and his share of his huge $ 80 million real estate portfolio with BeatsByDre sales to Apple.
It is safe to say that the king is playing chess, not a checker, and the best part is that he is giving back as much as he takes.