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    Home»News & Views»Sports»LeBron James Is Now a Billionaire
    Sports

    LeBron James Is Now a Billionaire

    By TheHub.news StaffJune 3, 202202 Mins Read
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    Back in 2014, LeBron James told GQ about his dream of becoming a billionaire.

    “It’s my biggest milestone,” said James in that interview. “Obviously, I want to maximize my business. And if I happen to get it, if I happen to be a billion dollar athlete, ho. Hip hip hooray! Oh my God, I’m gonna be excited!”

    Well, today he must be jumping for joy because Forbes has officially named King James a billionaire.

    He also made history in the process, as James becomes the first active NBA player to make the list.

    The 37-year-old superstar, who earned $121.2 million last year, now has a net worth of $1 billion according to Forbes. He’s now the second NBA player to make the list, the first being Michael Jordan.

    According to Forbes, James’ businesses have earned him $1.2 billion in pretax earnings.

    Between his salaries from the Cavaliers, Heat and Lakers ($385 million total) and his endorsements and business ventures ($900 million), James is now in the Forbes history books.

    While James gets paid, it’s his astute ability to acquire equity positions through his investments in companies like Blaze Pizza, Tonal and Lyft.

    In 2020, after securing a $100 million investment, James and business partner Maverick Carter rolled his Robot Company marketing agency, Uninterrupted and SpringHill Entertainment into one company, SpringHill.

    Continue reading over at First and Pen.

    This content has been brought to you by First and Pen in partnership with TheHub.News. First and Pen “amplifies local sports stories from voices of color to the national conscience…”

    Follow @FirstandPen on Twitter.

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