LeBron James: Powerful, Entrepreneur, Billionaire

LeBron James: Powerful, Entrepreneur, Billionaire

Athlete is the second in NBA history to reach 10 figures in equity and the first still on the court

LeBron James, the basketball superstar, became a billionaire. The estimate is from the American magazine Forbes, which shows that the athlete is the second to reach the mark in the history of the NBA and the first to obtain it while still on the courts. Michael Jordan’s achievement of the first billion came more than 10 years after his retirement.

Although he is the highest-paid active athlete in the NBA, less than 35% of King James’ fortune, as he himself has adopted, comes from salary. The bulk comes from their out-of-game contracts and equity stakes in assorted businesses. In addition to the sporting world, his name is associated with industry-wide brands as diverse as AT&T and Walmart.

Far from the old profile of the spendthrift athlete who barely knows how to manage his own money, LeBron is known for doing good business, leaving marketing and sponsorship contracts aside with renowned brands to close with that competitor that gives him equity stakes – he takes the risk , but with the upside potential that wouldn’t have gotten a check.

It also invests in real estate, and one of its most closely watched ventures is the media and entertainment group SpringHill. The athlete created a foundation dedicated to projects for children in his hometown – Akron, Ohio.

Forbes recalls that, in an interview in 2014 (interestingly the same year Jordan became a billionaire) with GQ, the player currently at the Los Angeles Lakers said that he aimed for his billion, as he seeks to maximize his business and this would be a result of that. “And if that happens… Hip hip hooray!”

It was in that same interview that he said he wanted to be a comedy actor, loves to sing, dance and hates coffee. At this peak, he doesn’t even need caffeine. In Forbes’ accounts, that’s $1.2 billion in equity. It’s more or less like that Brazilian pop song says: powerful, entrepreneur, billionaire.

Source: Value Pipeline

Related post

“Package Kat”, Samsung and Google: Americanas’ billionaire debt goes far past the banks

“Package Kat”, Samsung and Google: Americanas’ billionaire debt goes…

Kit Kat chocolate has become a symbol of Lojas Americanas The huge list of Americanas’ creditors was filed in court. This…
Who’s the billionaire who grew up on a dairy farm and is now the richest govt within the USA

Who’s the billionaire who grew up on a dairy…

Diane Hendricks, co-founder of ABC Supply, is worth $13 billion In 2022, Diane Hendricks was elected the richest executive in the…
Ursula von der Leyen: probably the most highly effective lady on this planet

Ursula von der Leyen: probably the most highly effective…

Ursula von der Leyen ranked first on the list of the 100 most powerful women in the world by Forbes, being…

Leave a Reply

Your email address will not be published. Required fields are marked *