How Is The Net Worth of LeBron James $850 Million?

August 31, 2021

Have you ever wondered what the net worth of LeBron James is? Well, the Los Angeles Lakers SF is arguably the greatest professional basketball player ever. But he has also become a business mogul outside of basketball. In fact, he co-founded the digital sports programming network Uninterrupted, started a production company called SpringHill Entertainment, and invested in Blaze Pizza, among his many business ventures and endorsements.

Now, he’s well on his way to surpassing even Michael Jordan’s net worth. As of 2021, the net worth of LeBron James is $850 million. He has a lifetime deal with Nike worth a whopping $1 billion. Every year, LeBron James earns around $40 million in salary from the NBA and roughly $55 million from endorsements. This alone totals his salary at around $100 million. In this post, we’ll show you how “King James” built his fortune.

LeBron James Net Worth: Career Earnings

The Cleveland Cavaliers drafted LeBron James with the 1st overall pick in the 2003 NBA Draft. A homegrown hero hailing from Akron, the fanbase expected tremendous things out of him. And he did not disappoint. LeBron burst onto the scene in his rookie year, averaging over 20 points per game, 5 rebounds per game, and 5 assists per game at just eighteen years old. From there, he exploded into one of the most dynamic players the NBA has ever seen.

In his first decade of NBA Basketball, LeBron James earned over $125 million in salary alone. During that same period, he also earned $326 million from endorsements. Altogether, he earned over $450 million from his first decade as a professional. 

As of this writing, LeBron James is a member of the Los Angeles Lakers. He will earn a projected $95.4 million this season (2021). Around $31.4 million of that will come from his on-court earnings as a member of the Lakers. The remaining $64 million will come from his many endorsements. By the time LeBron’s contract with the Lakers is up in 2023, he will have earned $428 million in NBA salaries.

Endorsement Deals and Sponsors

via Blaze Pizza

LeBron James’s longtime friend and business partner is Maverick Carter. Together, the two have made a multitude of savvy business moves. “LeBron and I have always been about finding companies that we truly believe in and putting real money into them,” Carter said to ESPN’s Darren Rovell. “We’re not talking putting in $15,000 or $20,000. It’s real money plus the expertise, understanding and knowledge that we bring as well as bringing LeBron’s name and likeness to the product.”

Over the course of his decorated career, LeBron James has accumulated several endorsements and sponsors that have skyrocketed his net worth. Below is a list of LeBron’s most notable partnerships that have allowed him to become one of the richest basketball players of all time.

  • Nike – One of, if not the most notable endorsement deal of LeBron James’ career. His partnership with Nike is easily one of his most lucrative. At just eighteen years old in 2003, LeBron James had Nike, Adidas, and Reebok fighting over his presence. Well, Nike came out on top, closing on an $87 million contract. Since then, as previously mentioned, LeBron has signed a whopping $1 billion “lifetime deal” with the athletic brand.
  • Beats Electronics – The wildly popular headphone brand and electronic company founded by Dr. Dre. LeBron famously owned a 1% stock in the company, which turned into $30 million when Apple, Inc. purchased it in 2015. You can likely catch LeBron during pregame warmups in his Beats headphones.

Food/Beverage

  • Coca-Cola – LeBron James signed with The Coca-Cola Company in 2003, around the same time he signed with Nike. He often promotes Powerade and Sprite, which are two of Coca-Cola’s most famous beverages.
  • Dunkin’ Donuts / Baskin-Robbins – LeBron signed with the popular coffee/ice-cream chain in 2012. He primarily promotes the brand in Asia.
  • State Farm Insurance – State Farm is popular for its partnerships with standout professional athletes. LeBron signed a sponsorship deal with the company in 2008, joining superstars such as Chris Paul, Patrick Mahomes, and Aaron Rodgers.

Contracts

LeBron James’ most recent contract came by way of the Los Angeles Lakers, his current team. According to Spotrac, he signed a 4 year, $153,312,846 contract with the Lakers. The deal includes $153,312,846 guaranteed with an annual average salary of $38,328,212. In 2020-1, James earned a base salary of $39,219,566, while carrying a cap hit of $39,219,566 and a dead cap value of $39,219,566. Below is a list of LeBron’s previous contracts before joining the Lakers:

SEASONTEAMSALARY
2019/20Los Angeles Lakers$37,436,858
2018/19Los Angeles Lakers$35,654,150
2017/18Cleveland Cavaliers$33,285,709
2016/17Cleveland Cavaliers$30,963,450
2015/16Cleveland Cavaliers$22,970,500
2014/15Cleveland Cavaliers$20,644,400
2013/14Miami Heat$19,067,500
2012/13Miami Heat$17,545,000
2011/12Miami Heat$16,022,500
2010/11Miami Heat$14,500,000
2009/10Cleveland Cavaliers$15,779,912
2008/09Cleveland Cavaliers$14,410,581
2007/08Cleveland Cavaliers$13,041,250
2006/07Cleveland Cavaliers$5,828,090
2005/06Cleveland Cavaliers$4,621,800
2004/05Cleveland Cavaliers$4,320,360
2003/04Cleveland Cavaliers$4,018,920
via Sportskeeda

LeBron James’ Acting/Producing Career

LeBron James is arguably the most iconic NBA basketball player of all time. His fans famously anointed him as “The Chosen One” at just sixteen years old. He was even on the cover of Sports Illustrated at the time. It’s no secret he would be the NBA superstar to follow in Michael Jordan’s footsteps as the face of the Space Jam sequel, “Space Jam: A New Legacy.”

Before we dive into LeBron’s role and his earnings from his new movie, let’s take a look at his acting career in general. You might not know that LeBron has a surprising 54 producing credits, many of which came from projects through his own SpringHill Entertainment Company.

In fact, his first producing credit came from his animated web series, “The LeBrons,” made in 2011. He followed this up by famously producing NBA 2K14, a game for which he was the cover athlete that year.

Below are some of LeBron’s most famous produced projects. Unless you’re a serious LeBron James fan, you likely won’t be familiar with many outside of these five.

  • Shut Up and Dribble
  • More Than An Athlete
  • HBO’s The Shop
  • Space Jam: A New Legacy
  • Ballers

Acting & Space Jam: A New Legacy

This brings us to a growing area of LeBron James’ professional life: his acting career. As you could probably imagine, he has a terrific acting presence, and treats his roles with the same time and effort he would an NBA basketball game.

His film debut came as a supporting role in the movie Trainwreck, featuring Amy Schumer. LeBron was reportedly hesitant about diving into a career outside of professional basketball at the time, believe it or not.

Source: Sporting News

LeBron is perhaps most famous recently for his role as himself in Space Jam: A New Legacy. Similar to the film’s predecessor, the plot involves James teaming up with Bugs Bunny and the rest of the Looney Tunes to save the rest of humanity.

Although the movie clearly struck an emotional nerve with those who grew up and watched the original Space Jam, critics deemed the movie a “successful disappointment.” According to Forbes, Space Jam: A New Legacy topped the domestic box office in its first weekend with $31.65 million in 3,965 theaters. This is so-so when benchmarked against the typical box-office hit. However, plenty of uncontrollable factors (COVID-19, the rise of streaming services) can be attributed to its subpar performance thus far.

Outside of Space Jam: A New Legacy and Trainwreck, below are some of LeBron’s most notable acting credits:

  • Teen Titans Go!
  • SpongeBob Squarepants
  • Entourage
  • The Simpsons
  • The LeBrons
  • Smallfoot
  • Survivor’s Remorse

LeBron James Net Worth 2021

As of 2021, the net worth of LeBron James is $850 million, but he has publicly expressed his desire to eventually become a billionaire many times. “It’s my biggest milestone,” he said. “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, that time is coming sooner than later. In July 2021, LeBron James became the first active player in NBA history to top $1 billion in career earnings before retiring from NBA basketball. As mentioned, the majority of his earnings come from his dealings outside of his NBA salary, with LeBron having earned $700 million in ventures like licensing, endorsements, merchandising, and more. Although, his NBA earnings are nothing to scoff at either. He’s made an estimated $387.384 million from his NBA career alone.

Outside of his lucrative business ventures, you couldn’t expect LeBron James to not live luxuriously with his massive net worth. For example, in 2021, LeBron listed a mansion in Brentwood, Los Angeles for a whopping $20.5 million.

He then went on to buy an entire compound in Beverly Hills for nearly $38 million. Aside from his two lavish LA homes, you know the NBA star had to own a home in his hometown of Akron, Ohio as well. The mansion is 30,000 square feet on seven acres, featuring a barbershop, theater, bowling alley, and even an aquarium. We see you, LeBron. We see you.

LeBron James Net Worth in Rupees

A frequently asked question is what is the net worth of LeBron James in rupees, so we’ve got you covered. As of this writing, the net worth of LeBron James is $850 million USD. That equals 62,248,899,150.00 Indian Rupees.

Is LeBron James a Billionaire Now?

LeBron James has earned more than $1 billion over his illustrious career, with nearly $400 million in salary and more than $600 million in off-the-court earnings, but according to Forbes, that doesn’t make him a billionaire. After accounting for taxes, spending, and investment returns, Forbes estimates James’ net worth to be about $850 million.

So despite some sources reporting that LeBron James is now a billionaire, he is not. Additionally, according to Investopedia, the definition of a billionaire is as follows:

  • A billionaire is someone who has assets or a net worth of at least one billion currency units in their native currency.
  • Billionaires have a variety of assets, including cash and cash equivalents, real estate, and business and personal property.
  • Forbes has been ranking the world’s billionaires every year since 1987.

Yes, LeBron has earned $1 billion as of 2021, but he is not yet a billionaire. However, as we mentioned, that will likely be sooner than later with his torrid pace.

Key Takeaways

  • “I’m going to use all my tools, my God-given ability, and make the best life I can with it.” – LeBron understood that he had incredible gifts from a young age. They were unlike any other we’ve seen in the sport, ever. Rather than taking these gifts for granted, he took them and rand with them. The minor details and the nitty gritty work are what LeBron prides himself on. Without it, his talent would never have been realized to the extent it has.
  • “Don’t be afraid of failure. This is the way to succeed.” – LeBron has long referenced the importance of failure to his ultimate success. It has been a staple of his career, believe it or not. He failed for years before finally winning his first NBA Championship title with the Miami Heat in 2012. Without failure, there is no course-correction. Perhaps no one has demonstrated this reality better than LeBron himself.
  • “I think the reason why I am who I am today is because I went through those tough times when I was younger.” LeBron has been a superstar basically since coming out of the womb. But his childhood wasn’t the easiest. Growing up without a father figure is one of the defining aspects of his adolescent life. The fact that he’s accomplished all he has in spite of a one-parent household is a testament to his dedication to hard work.

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