Basketball fans are likely to follow up on Lebron James net worth and wealth status, seeing that he is one of the best in the field. In each season, the star continues to prove that he is the best in his position. He played for Cleveland Cavaliers in the 2017-2018 season but is currently with Lakers.
Well, if you thought that his player profile is impressive, then you need to know a bit about his off-court profile too. Apart from being one of the highest-paid players in basketball currently, he has built an impressive endorsement portfolio that ensures his earnings are always high. He has partnered with large companies such as Nike, Kia, and Coca-Cola. Read on to discover details about the rich basketball player.
Lebron James net worth
How much does Lebron James make? According to Forbes, the player has a whopping net worth of $450 million. The amount is significantly contributed to by his lucrative endorsement deals. While he may have gathered $270 million from salaries, most of his wealth is from endorsement deals. Even if his career comes to an end, he is financially secure.
Lebron James contract
Lebron James net worth 2019 is only complete if we scrutinize his contract. He may have aimed at becoming a free agent by the summer of 2018, but it turns out that he did not decline his player option. Lebron went on to complete a second year out of his three-year, $99.8 million deal.
His earnings were registered as $33.3 million for the season and would be $35.6 million in 2018-19 if he chose to opt-out. Regardless of the choice he made, Lebron was not expected to make less than 35 million dollars in the new season. He became the third player int he league to earn over 30 million dollars. It was confirmed officially that the Lebron James Lakers deal was sealed when he signed a 154 million dollar contract with the team.
According to Basketball References, he earned over a quarter billion dollars in salaries for the past 15 seasons. He moved to the Lakers, and his earnings shot upwards, surpassing the $1 billion mark.
Lebron James salary earnings as of now are $208 million in league play. It was announced back in July 2018 that he would be moving from Cavaliers to Lakers on a four-year deal, with an estimated worth of $154 million.
Lebron James endorsements
As mentioned earlier, a major contributor to Lebron net worth is his endorsement deals. Before you figure out how much is Lebron James worth, you need to look at his deals. One of the most notable ones is the lifeline deal with Nike. Allegedly, the deal could be worth more than a billion dollars. His first deal with the brand was back in 2003, where he got $93 million for over seven years. The new Lebron James Nike deal is likely to set him up for life. It reveals his excellent business acumen too.
Apart from Nike, he is also worked with Coca-cola, appearing in some of their commercials, most recently being on Sprite advertisements. He has worked with the company throughout his career.
Lately, another addition to his endorsement portfolio is Intel. Other companies include Beats by Dre and Kia. In addition to these, James has partnered with McDonald's, Microsoft, Verizon, State Farm, and Samsung. All these deals come with lucrative financial packages.
Further revealing his business side, he has gone to the grassroots to promote Blaze Pizza, a restaurant chain in which he owns about 10 percent stake. His entrepreneurial spirit is impressive.
Celebrity Net Worth also confirms that Lebron James worth is at least 480 million dollars. Thanks to his entrepreneurial skills, he has been able to make the signification amount flawlessly.
Other significant business gains
Apple purchased Beats by Dre for $3 billion in 2014, a deal that saw Lebron getting over $30 million.
In 2011, LeBron bought a minority stake in Liverpool FC in a joint venture with Fenway Sports Group. He now has a 2 percent ownership in this big club. Slowly, we can see that Lebron's business instinct is quite on track as his investments turn to gold.
He also invested almost $1 million in Blaze Pizza, an amount that has since increased in value to between $35 and 40 million. The basketball player has also not been left out in matters of entertainment. He co-founded a production company, SpringHill Entertainment, which has a video platform known as UNINTERRUPTED.
The star is also involved in philanthropic activities in his hometown. He is particularly known to be very generous with donations through the LeBron James Family Foundation, where students get education scholarships. He has also been said to donate $2 million to his alma mater, St. Vincent-St. Mary High School. He is also known to donate and contribute to courses he considers worthy. Giving back to the community is a course that he is dedicated to.
Lebron James cars
Having made so much money, it is only reasonable that he would lead a luxurious lifestyle. Nothing proves this better than the cars he owns. The basketball player moves around in some of the sleekest vehicles. Check out his collection below;
- 2018 Maybach S650
The car costs ultra-luxury sedan is $240,500, but it is believed that he may have coughed up some more cash to get it pimped and customized to his personal preferences.
- 1975 Chevy Impala Convertible
Odd as it may seem, it appears as though the star has a thing for Detroit steel. It may not be expensive as one would expect. It is a classic vehicle, nonetheless.
- 2010 Chevy Camaro SS
The market value is about $31,000, which is quite affordable for someone like Lebron.
- Dodge Challenger SRT
According to Edmunds, the car's current price is about $58,995.
- 2015 K900 luxury sedan
This luxury vehicle goes for a price of $60,000, according to Kia.
Lebron James net worth indicates that he is one of the highest-paid basketball players in the world. His salaries, coupled with business aggressiveness, have seen him pocked grand rewards in the form of endorsement deals. He has also made some smart investments from which he is reaping massively.