The Secrets That Helped LeBror James Become a Billionaire And Still Have Nothing are nothing new. LeBron James is the most successful NBA player in history, with numerous endorsement deals and investments. Read on to learn about his business ventures, investments, and ‘free pass’ to go wherever he wants. The secrets of LeBron James’ money and success are worth exploring.
LeBron James’ investments
The most recent Forbes article revealed that the NBA star has more than a billion dollars in assets. His investments are not just sports-related but also include real estate, apparel, and restaurant businesses. His investment in Blaze Pizza was valued at $30 million, and he also owns a 10 percent stake in the fast-food chain. Moreover, he owns an estimated $80 million worth of properties, including a 13,000 square-foot Beverly Hills mansion.
Another investment that LeBron made was in an endorsement deal with Beats by Dre. The NBA player received a small stake in the headphone company when it first launched. When Apple bought the company, LeBron pocketed $30 million in stocks and cash. In 2011, James bought a minority stake in Fenway Sports Group, the company that owns the Boston Red Sox and Liverpool soccer team. This endorsement deal has allegedly earned him more than $55 million annually.
His business ventures
While LeBron has benefited from his NBA success, he has also made investments in other businesses to generate more money. His investment in the Spring Hill Company is valued at over $300 million, accounting for most of his estimated net worth. He also owns a stake in the Fenway Sports Group, which is worth just shy of $100 million. LeBron has also invested in various startup companies, including Blaze Pizza and Tonal smart gyms.
The basketball star has leveraged his talents to make millions of dollars. Over the past nineteen years, he has earned more than USD 1.2 billion in pretax earnings. This amount includes $383 million in salary from three different teams, along with another $900 million from endorsements and business ventures. He also has equity in several companies, including a pizza chain and smart fitness equipment maker Tonal.
His close circle of friends
LeBron James’ closest circle of friends is composed of the same group of people who have helped him achieve fame and fortune. One such friend is Maverick Carter, a high school basketball star who would go on to become LeBron’s top business adviser. Another is the legendary Akron basketball player Randy Mims, who is now a top executive for the Los Angeles Lakers. Carter met Paul when they were both in high school and described him as “highly intelligent, ambitious, and intense.”
LeBron and Mav Carter were close in high school and have remained close since. They have a stake in Liverpool F.C., and the pair have signed an endorsement deal with Beats. Together, they founded the UNINTERRUPTED media company and the SpringHill Entertainment production company. LeBron and Paul were also friends when they met at an airport in Ohio. Rich Paul and Maverick Carter were once childhood friends, and soon after, Paul and LeBron met at the same airport. Rich Paul, who is now the CEO of Klutch Sports, also manages LeBron, Ben Simmons, Anthony Davis, Trae Young, and Draymond Green.
His ‘free pass’ to go wherever he wants
In the weeks and months leading up to the NBA free agency period, a meeting was held between the Lakers legend and LeBron James at his Los Angeles home. Although the meeting took place during the period when the Lakers sat pat in terms of roster changes, it was clear that James was aiming for a more meaningful fit in Los Angeles. LeBron James’ advisors had written a press release that had no specific time frame.
LeBron James has the ability to force a trade out of Los Angeles, and he can even do it with Anthony Davis, who was recently signed by the Lakers. However, if James is left alone for too long, the Lakers could become middling playoff teams, and his ‘free pass’ to go wherever he wants could prove problematic for the Lakers.