Lebron James Net Worth (Updated 2024)
What is Lebron James’ Net Worth?
| Net Worth | $1.2 billion |
| Age | 38 |
| Height | 6’9 |
| Born | December 30, 1984 |
| Nationality | American |
| Source of Wealth | Basketball |
Introduction
Lebron James is an American billionaire basketball player and businessman.
He is best known for playing 19 seasons in the National Basketball Association where he has won 4 NBA championship and holds the record of all-time leading NBA playoff scorer.
As of July 2022, Lebron James is estimated to be worth around $1.2 billion.
Early Life
Lebron James was born on December 30th, 1984 in Akron, Ohio. He played football and basketball growing up as a kid but was noticed for his basketball potential due to his height as an early teenager.
He attended St. Vincent-St Marys high school and was drafted as the #1 pick of the 2003 NBA Draft straight out of high school.
Career
Lebron James spent 19 years playing in the NBA and is widely considered one of the greatest basketball players of all-time.
Throughout his career, Lebron James has earned more than $385 million in pre-tax income playing for the Cleveland Cavaliers, Miami Heat, and Los Angeles Lakers.
After earning a whopping $121 million in 2021, Lebron James officially joined the billionaires list in 2022, making him one of the richest athletes in the world.
So where exactly did Lebron James earn the bulk of his income? The NBA legend has earned more than $900 million in endorsement deals and savvy business ventures since wearing an NBA uniform.
Investment Portfolio
| Company | Valuation |
|---|---|
| SpringHill Co. | $300 million |
| Fenway Sports Group (minority stake) | $90 million |
| Real Estate Properties | $80 million |
| Blaze Pizza | $50 million |
| Lyft | N/A |
| Tonal | N/A |
50% of Lebron James’ net worth comes his diverse investment portfolio including major stakes in real estate properties and business ventures.
His production company, SpringHill, is estimated to be worth $300 million and produced the 2021 hit movie Space Jam. James himself starred in the movie helping Space Jam 2 gross $163 million at the box office.
He is also a part owner of Fenway Sports Group, which owns the Boston Red Sex, Fenway Park, Liverpool FC and other businesses.
James owns 19 franchises of Blaze Pizza, the fastest growing restaurant chain in America, worth around $50 million. He invested $1 million in the company back in 2012, which means he earned a ridiculous 50x on his initial investment.
He also invested in ride sharing company Lyft, and fitness startup Tonal.
Quotes by Lebron James
Warren Buffet told me once and he said always follow your gut. When you have that gut feeling, you have to go with don’t go back on it
You can’t be afraid to fail. It’s the only way you succeed. You’re not gonna succeed all the time and I know that.
Life Lessons from Lebron James
1. Be Consistent
Lebron James doesn’t have the best record in the NBA finals (in fact he has a losing record) but he is known for his consistency and dedication to the game of basketball. He has played 19 NBA seasons and still produces at a high level despite his advanced age.
Lebron follows a strict diet and workout regime to keep his body in fantastic shape so he can perform at a high level.
Choosing good habits and remaining consistent is one of the biggest factors to success in life. Lebron is still one of the most consistent athletes on the planet when it comes to preparation, routine, and execution despite his less than stellar NBA finals record.
2. Invest Your Money Wisely
Unlike most NBA stars, Lebron James made a commitment to invest his money in lucrative companies and business deals to grow his wealth during his career. He earned nearly 3x as much income from his endorsement deals and business ventures than from his NBA salary.
Striking deals with Nike and Lyft are two examples of how Lebron decided to invest in himself instead of just being happy with an NBA paycheck.
3. Surround Yourself with Powerful People
Lebron James didn’t always know a lot about investing but he made a habit of reaching out to other powerful investors in search of answers. He is a longtime friend of Warren Buffett and asked for investment advice from the Oracle of Omaha when he was first starting out in his career.
He also partnered with Fenway Sports Group and publicly traded ride sharing company Lyft to bolster his investment portfolio. When Lebron James joined the Los Angeles Lakers, he gained access to an abundance of Silicoin Valley investors and wealthy business tycoons in Southern California.
Surrounding yourself with powerful people is one of the quickest ways to fast track your investment success and Lebron is a great example of how the power of association really works wonders.
Summary
Lebron James has a net worth of $1.2 billion, making him one of the richest athletes in the world.
He is a ripe old age of 37 yet still produces at a high level in the NBA. Lebron will make a smooth transition to the business world once he retires and I wouldn’t be surprised if he bought an NBA team like Michael Jordan did once he hangs up his sneakers.
