LeBron James missed the playoffs for the fourth time in 19 seasons but that didn’t stop him from getting a check. James has officially become the first active NBA player to earn a net worth of $1 billion, with most of his earnings coming from endorsements and business ventures.
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The four-time NBA champion is the third overall player to become a billionaire, but Micheal Jordan and Kobe Bryant earned their three commas after retirement. James takes the top prize as the only active NBA player to make a billion at the age of 37.
His earnings are more than $1.2 billion pre-tax. His salary includes $385 million from playing for the Cleveland Cavaliers, Miami Heat, and Los Angeles Lakers as the highest-earning player in the league. He earned most of his money off the court, accumulating $900 million in endorsements and business ventures.
Some of James’ endorsements include a lifetime agreement with Nike, bringing in tens of millions annually. He also invested in several businesses, including a production company (The SpringHill Company), a sports league ( Fenway Sports Group), and real estate.
Forbes made the historic announcement on Twitter: “LeBron James Is Officially A Billionaire.”
LeBron James Hitting Billionaire Status Is A Slam Dunk
It was hinted back in 2021 that LeBron would be crowned a billionaire. Though the milestone was expected, it’s still a major accomplishment for LeBron James.
