LeBron James is known as an American professional basketball player and entrepreneur LeBron James Net Worth is $600 million in sports celebrities. He earned around $50 million in salary from the NBA and roughly $56 million from other endorsements. Amazingly, this brings his total annual income to roughly up to $100 million. Between June 2016 and 2017, LeBron earned nearly $87 million. Between June 2017 and June 2018, LeBron earned $86 million. Fortunately, from June 2018 and June 2019, he made another roughly $87 million.
However, during his career, his earning doubled by leaps and bounds. According to a recent survey during his first ten seasons in the NBA, LeBron James earned over $127 million in salary alone. During that same period, LeBron earned an estimated $326 million from endorsements. In total, it is $453 million from his first decade as a professional. As of this writing, LeBron has earned slightly over $600 million in salaries during his career exclusive of taxes and expenses. Moreover, LeBron signed a two-year $90 million contract extension with the Lakers. It can be forecasted that by the time contract ends up in 2023, LeBron will have earned $428 million in NBA salaries.
Endorsement Deals are a cup of tea for every eminent personality. LeBron also has signed up endorsement deals with dozens of companies, including McDonald’s, Microsoft, State Farm, Beats by Dre, Coca-Cola, Dunkin-Donuts, Baskin Robbins, Samsung, Nike, and many more. In addition to endorsing Beats by Dre, LeBron also owned 1% of the company. He also gained royalty payments totaling $1 million during his years as a spokesman for the arena. When the company sold to Apple for $3 billion, luckily, LeBron’s cut was $30 million. LeBron signed his first Nike support deal at the age of 18. The deal paid $95 million over seven years, $13 million per year. Though, he was also offered $120 million to sign with Reebok.
Presently, LeBron earns $25 million per year from Nike in salary and royalty payments for his signature shoe line. In December 2015, LeBron signed a lifetime endorsement deal with Nike that ultimately could be worth more than $1 billion. It is the first duration deal Nike had ever offered and reportedly the largest deal in its history.
In his youth days, LeBron skipped college and went straight to the pros as the first pick of 2003, the NBA draft by his hometown team, the Cleveland Cavaliers. Initially, his first contract paid $19 million over four years. He signed a three-year $60 million extension with the Cavs before the 2007-2008 seasons that jacked up his annual salary from $5.8 million to $13 million, $14.4 million, and finally $15.8 million for the 2009-2010 seasons. Heading into the 2011 season, LeBron infamously announced his intention to leave Cleveland for Miami with a televised special called “The Decision.” While he would be derided for the seemingly arrogant television special for years, “The Decision” raised roughly $6 million for charity. Since LeBron moved to Miami, he took a lower-than-market rate of $110 million over six years. He did this because he surely forecasted that he could win an NBA Championship in Miami and Chris Bosh and Dwyane Wade. In his first season with The Heat, he earned $1.2 million LESS than what he was making in Miami. After four seasons with The Heat, LeBron returned to Cleveland ahead of the 2014-2015 seasons. During his years in Cleveland, LeBron purposely chose one year contract to maximize his earnings potential each subsequent season as the NBA salary cap rose. Whereas, in 2016, fresh off winning the NBA championship, LeBron signed a three-year $100 million deal with the Cavs. In the first year, he made $23 million. In the second year, he made $30.963 million, making him the highest-paid player in the league for the first time in his career. In the third year of the deal, he made a league-leading $33.285 million. Previously in the 2018-2019 season, LeBron moved from the Cavs to the Lakers with a four-year $153 million deal that pays an average annual salary of $38 million. Recently, in November 2020, LeBron and the Lakers announced a two-year $85 million contract extension that will keep him with the team through 2023. That works out to $42.5 million per year in base NBA salary.
Will all the fortune on his side be predicted that within the next decade, but more on that in a moment. Before this he becomes a net worth billionaire, LeBron first must join the billion-dollar athlete club. The club currently has six members that include Michael Schumacher ($1 billion), Floyd Mayweather ($1.1 billion), Jack Nicklaus ($1.15 billion), Arnold Palmer ($1.35 billion), Tiger Woods ($1.65 billion), and Michael Jordan ($1.9 billion).
When you combine James’s new salary and upcoming endorsements, LeBron’s career earnings will easily cross over $100 million every year over his four years in LA. Much closer to $110 or $120 million. Even at the $100 million levels, LeBron James will pass the $1 billion career earnings mark by year four of his contract. Assuming LeBron signs at least one more three-year NBA contract before retiring, by 2024, his total NBA salary earnings will be roughly $350 million. LeBron will likely retire in approximately 2025 with around $1.1 billion in career total revenues when it’s all totaled up. By our estimate, if LeBron follows in the footsteps of legends like Michael Jordan, Magic Johnson, and Kobe Bryant, his net worth will surpass $1 billion without any hassle in 2035 when he will be 51 years old.
Shedding some light on the early life biography of LeBron James was born on December 30, 1984, in Akron, Ohio. When LeBron was just an infant, his mother gave him a miniature hoop and basketball, which he played with for hours. Soon, basketball became LeBron’s life, and when he was old enough to play for his elementary school, he excelled immediately on the court. LeBron attended St Vincent-St Mary high school where, as a sophomore, he became the youngest person ever to join the USA Today All USA first team. In his junior year, he was named the Gatorade National Player of the Year. It was also around this time that he became known as “King James.” James began to appear on the cover of “SLAM” magazine and Sports Illustrated even though he was still in high school. It was clear to everyone that LeBron was destined to be an NBA superstar.
Furthermore, LeBron James was chosen by the Cleveland Cavaliers as the first overall pick of the 2004 NBA draft. During his first season, he was the youngest player to ever score 50 points in a single game and the youngest player ever to be voted Rookie of the Year. In addition, by playing for the Cavaliers, he has also played for the United States Olympic basketball team and won bronze and gold medals in the 2004 and 2008 Olympics, respectively. In 2012 and 2013, LeBron and The Miami Heat won the NBA championship. He was also voted MVP of both series.
In this article, we will also discuss James’s personal life and real estate assets. James has three children with his high school sweetheart Savannah Brinson. When they lived in Miami, the James family owned a $9 million mansion overlooking Biscayne Bay in Coconut Grove. In November 2015, LeBron bought a 9,350 square-foot estate in LA’s Brentwood neighborhood for $21 million. At the time, it was the highest price paid for a home in the community. In November 2017, LeBron plunked down $23 million for another mansion in Brentwood.
Back in Ohio, LeBron owns one of the most expensive homes in the Cleveland area near Bath Township. The home, which LeBron had custom-built, is valued at $9.5 million by Ohio tax authorities. It has 20 total rooms in 30,000 square feet of living space. He repurchased the property in 2003 when he was 18 fresh after joining the NBA.
King James can officially be crowned King of Los Angeles. At least, that’s how he should feel after losing a considerable amount of money to secure a piece of Hollywood history. According to the accurate deal reports, James has recently finalized a contract to buy a mansion in Beverly Hills from the estate of “The Bold and the Beautiful” and “The Young & the Restless” co-creator Lee Phillip Bell. The 13,000 square foot property includes seven fireplaces, a pool house, and a tennis court. According to variety, legendary actress Katherine Hepburn also used to call the mansion in the prime of her career. While the property was listed for $ 39 million, James got a decent discount. The NBA superstar reportedly paid $ 36.8 million for the iconic property. The Lakers star has $ 37.4 million this season and will earn $ 39 million next year. It pays to be King James.
LeBron and his business partner Maverick Carter are the co-founders of the production company SpringHill Entertainment. The company has produced movies, documentaries, and television shows. In 2012 LeBron decided to invest in a pizza startup called Blaze Pizza. At the time, he was under contract with McDonald’s. In 2017, LeBron turned down a $15 million extension offer from McDonald’s to go all-in with Blaze Pizza. As of this writing, he owns at least 21 Blaze pizza franchises, and the company is one of the fastest-growing restaurant chains of all time. LeBron’s equity stake at the company’s latest valuation is worth $40 million. While it is LeBron’s ultimate goal to own an NBA team, in the meantime, he will have to make do with owning a soccer team. In 2011, LeBron struck a deal to acquire a 3% stake in Liverpool F.C. from the club’s majority owners, the Fenway Sports Group owners of the Red Sox. Since the deal was struck, Liverpool won the UEFA Champions League tournament and has grown to be worth $2 billion. Incredibly, LeBron’s stake is worth at least $40 million.