According to Forbes, the 37-year-old Los Angeles Lakers star has officially joined the three-comma club after earning another $121.2 million in the previous year. He is the first active NBA player to achieve the billion-dollar mark.

LeBron James net worth 2022 Forbes

Who is LeBron James?

LeBron James is an American basketball player who currently plays for the Los Angeles Lakers of the National Basketball Association (NBA). He is widely regarded as one of the greatest players of all time, and is sometimes compared to Michael Jordan in disputes over who is the greatest basketball player of all time.

Four NBA championships, four NBA MVP awards, four NBA Finals MVP awards, three All-Star MVP awards, and two Olympic gold medals have all been won by James. James has the most points in the playoffs, the second most points in his career, and the eighth most assists in his career. He has been named to the NBA All-Star team 18 times, the All-NBA Team 18 times, and the NBA All-Defensive First Team five times. He’s appeared in ten NBA Finals, the third-most of all time, including eight in a row from 2011 to 2018. [4] James was named to the NBA 75th Anniversary Team in 2021.

James was born in Akron, Ohio, on December 30, 1984, to Gloria Marie James, who was 16 at the time.

Anthony McClelland, his father, has a long criminal history and was not involved in his life. Life for the family was sometimes a challenge when James was growing up, as they moved from apartment to apartment in Akron’s seedier districts while Gloria struggled to find consistent job.

Gloria permitted her son to go in with the family of Frank Walker, a local youth football coach who introduced James to basketball when he was nine years old, after realizing that he would be better off in a more stable family situation.

In the fifth grade, James started playing organized basketball.

He then played basketball for the Northeast Ohio Shooting Stars of the Amateur Athletic Union (AAU).

James, together with his buddies Sian Cotton, Dru Joyce III, and Willie McGee, led the team to local and national success.

The foursome coined the term “Fab Four” and pledged to attend high school together.

They chose to attend St. Vincent–St. Mary High School, a private Catholic school with a predominantly white student body, which sparked local outrage.

LeBron James net worth 2022 Forbes

According to Forbes, LeBron James net worth is $1 billion. James became the first active NBA player to enter the billionaires list, despite missing the playoffs for the fourth time in 19 seasons. (Thanks to a well-timed investment in the Charlotte Hornets basketball franchise, Michael Jordan, the only other basketball billionaire, didn’t break ten figures until 2014, more than a decade after he retired.)

LeBron James net worth 2022 Forbes

“It’s my biggest milestone,” James told GQ in a prophetic 2014 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.”

“It’s my biggest milestone, 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.”

James has done exactly that, maximizing his profits to the tune of more than $1.2 billion before taxes. As the NBA’s highest-paid active player, he has collected more than $385 million in compensation from the Cleveland Cavaliers, Miami Heat, and Los Angeles Lakers. He has earned over of $900 million in endorsements and other business activities off the court.

James lived with a variety of family members, friends, neighbors, and his peewee football coach before becoming the most hyped high school basketball prospect of all time. He was born to a struggling 16-year-old single mother in Akron, Ohio, and moved a dozen times in three years. At the age of 18, he signed his first contract with Nike, notably turning down offers from Reebok and Adidas in favor of what he perceived as a stronger long-term partner. That’s a great idea. He signed a lifetime deal with Nike in late 2015, after more than a decade of success, that pays him tens of millions of dollars per year. He was the world’s second-highest-earning athlete last year, due to Nike and sponsorships with AT&T, PepsiCo, and Walmart.

The underlying secret to James’ billion-dollar fortune is that he’s been more than a salesman. James has long designed transactions to provide him equity in the brands with whom he partners, rather than a quick payment. In 2015, James turned off a lucrative endorsement deal with McDonald’s worth an estimated $15 million over four years in order to invest in the fast-growing Blaze Pizza company, in which he is a shareholder. He’s also invested in companies like Tonal, a smart gym, and Lyft, a ride-hailing giant.

Then there’s SpringHill, James and his business partner Maverick Carter’s TV and film production company. Outside investors such as Boston Red Sox owner Fenway Sports Group and Epic Games invested $725 million in the initiative last October, which helped produce the $163 million (global box office revenue) Space Jam: A New Legacy and the HBO documentary What’s My Name: Muhammad Ali. Of course, James is the company’s largest shareholder.

SpringHill Entertainment, named after the Akron, Ohio, apartment complex where James and his mother finally found stability, merged three businesses: James’ Robot Company marketing agency, athlete platform Uninterrupted, and SpringHill Entertainment, which was founded in 2007 as a production vehicle for the award-winning documentary More Than A Game about James’ high school years.

After acquiring $100 million from investors including James’ investment advisor Paul Wachter and Elisabeth Murdoch, the daughter of News Corp tycoon Rupert Murdoch, James and Carter bundled everything into The SpringHill Company in 2020. James sold a “substantial minority ownership” in the company to a group of investors in October for $725 million, including RedBird Capital Partners, Fenway Sports Group, Nike, and Epic Games. Although James is the company’s largest single shareholder, his holdings are considered to be less than 50%.

SpringHill is currently working on a biopic about James’ early days as well as a remake of the 1990 comedy House Party, which will premiere on HBO Max in July. SpringHill also helped produce 2021’s Space Jam: A New Legacy, which stars James, and a recent Netflix docuseries about tennis star Naomi Osaka.

Here’s a breakdown of LeBron James’ estimated $1 billion net worth.

THE SPRING HILL COMPANY: $300 MILLION

SpringHill Entertainment, named after the Akron, Ohio, apartment complex where James and his mother finally found stability, merged three businesses: James’ Robot Company marketing agency, athlete platform Uninterrupted, and SpringHill Entertainment, which was founded in 2007 as a production vehicle for the award-winning documentary More Than A Game about James’ high school years.

After acquiring $100 million from investors including James’ investment advisor Paul Wachter and Elisabeth Murdoch, the daughter of News Corp tycoon Rupert Murdoch, James and Carter bundled everything into The SpringHill Company in 2020. James sold a “substantial minority ownership” in the company to a group of investors in October for $725 million, including RedBird Capital Partners, Fenway Sports Group, Nike, and Epic Games. Although James is the company’s largest single shareholder, his holdings are considered to be less than 50%.

SpringHill is currently working on a biopic about James’ early days as well as a remake of the 1990 comedy House Party, which will premiere on HBO Max in July. SpringHill also helped produce 2021’s Space Jam: A New Legacy, which stars James, and a recent Netflix docuseries about tennis star Naomi Osaka.

FENWAY SPORTS GROUP: $90 MILLION

James has expressed his desire to purchase an NBA franchise in the past. He’s almost there. The NBA star already owns professional baseball, soccer, and hockey teams.

When James’ sports marketing company partnered with Fenway Sports Group in 2011, he acquired a minority investment in Liverpool F.C., an English Premier League soccer team. Last year, he and Maverick Carter swapped their Liverpool shares for a stake in FSG.

James is thought to possess about 1% of the company, which includes the Boston Red Sox, Fenway Park, and Liverpool Football Club, as well as half of Roush Fenway Racing and 80% of the New England Sports Network. FSG agreed to pay $900 million in late 2021 to add the NHL’s Pittsburgh Penguins to its portfolio.

$80 MILLION IN REAL ESTATE


For years, James has lived the life of a billionaire. He is the owner of at least three homes for a total of $80 million. In his hometown of Akron, Ohio, he erected a $10 million residence. In 2017, he paid $23 million for an eight-bedroom mansion in Los Angeles’ posh Brentwood area. A 13,000-square-foot Beverly Hills house was his most recent expenditure. James paid $36.75 million for the 1930s hilltop property, which he has already demolished in order to build his own palace.

$30 MILLION FOR BLAZE PIZZA


For years, James has put his heart and everything into Blaze Pizza, even working behind the counter and taking to the streets to hand out pies to promote the business. It’s easy to understand his passion. In 2012, he reportedly paid less than $1 million for a 10% stake in the made-to-order, assembly-line-style pizza chain, which has since expanded to over 300 company-owned and franchised locations across the United States and Canada. According to Forbes, James’ share in the company is worth over $30 million, plus a minor cut of 18 Blaze franchise restaurants run by restaurateur Larry Levy in Florida and Illinois.

CASH AND OTHER INVESTMENTS: MORE THAN $500 MILLION

It’s expensive to live like LeBron, but Forbes says James has more than a half-billion dollars in net assets beyond what’s shown above, even after accounting for managers, agents, lawyers, and a superstar’s spending habits. This includes money from big deals like the $3 billion sale of Beats by Dre to Apple in 2014 (of which James was a spokesperson and owned a small stake) and shares of publicly traded fitness company Beachbody, which bought Ladder, the sports nutrition company James cofounded with Arnold Schwarzenegger, for $28 million in stock in 2020.

Comments are closed.