LeBron James’ move to join a professional pickleball team this week is unlikely to put a heavy burden on his pocketbook.
Los Angeles Laker StarAccording to Forbes estimates, his net worth was estimated at $1.2 billion earlier this year due to real estate holdings, ownership in sports teams, and numerous sponsorship and endorsement deals. That milestone is one that James has been working on for almost a decade. In a 2014 interview with GQ, he said that he was working to maximize his business ventures and that he would one day be excited to hit the billion dollar mark.
Forbes estimates that James’ endorsements and business ventures have generated approximately $900 million in income. Then there is basketball. Forbes reports that James, who will begin his 20th season in the NBA next month, has played for three teams and earned $385 million in total salary. Recently, he signed a two-year contract with the Lakers worth $97.1 million, which made him the highest-paid NBA player in history, according to Bloomberg.
Forbes estimates that 37-year-old James is the second-highest-paid athlete in the world after Paris Saint-Germain football player Lionel Messi.
The unnamed Major League Pickleball team is not James’ first dive into game ownership. he bought a stakein 2011 and this is also a , Forbes said that these investments amounted to about $90 million of his net worth.
James saidOne day, that will increase his wealth too. However, James cannot do so until he retires from the league.
According to Sportico, James has a long list of company endorsements including AT&T, Crypto.com, GMC, Pepsi, Rimowa and Walmart. In 2015 heWith Nike, with whom James signed a $90 million contract just before graduating high school.
James also once served as a spokesperson for Blaze Pizza and even starred in commercials promoting the pizzeria. Forbes said he now has a 10% ownership stake in the company, adding $30 million to his net worth.
Among his other properties, James owns a TV and movie production company called Springhill, which he started in 2020 with business partner Maverick Carter. The company helped produce the cartoon hoops film Space Jam 2, in which James was the lead actor. Springhill also produces a show for HBO Max called “The Shop: Uninterrupted” which James occasionally hosts. Nike, Epic Games and other companies invested in SpringHill last October, helping boost the production company’s valuation to an estimated $725 million.
Forbes also estimates that James has three homes worth about $80 million – a mansion in his hometown of Akron, Ohio, another property in Beverly Hills, California, and a third home in Los Angeles.