LeBron James is a professional basketball player. He is also an entrepreneur. LeBron James is one of the richest basketball players in the history of the NBA and earns around $100 million annually. Let’s get to know more about the popular basketball player.
Career Earnings and Net Worth
LeBron James has a net worth of $500 million. His first 10 seasons in the NBA, helped him earn over $126 million. During the same period, LeBron had an estimated $326 million earning from his endorsement deals. LeBron has gained almost $600 million in salaries. LeBron signed a two-year $85 million contract with the team Lakers.
LeBron James was born on December 30, 1984, in Akron, Ohio. When LeBron was an infant his mother gifted him with a mini basketball which he played with for hours. LeBron’s life started to play basketball during his elementary school. He was the youngest person to join the USA Today All USA first team. In his junior year he was awarded the name of Gatorade National Player of the Year. LeBron was super talented and everyone around him knew that he was destined to be an NBA superstar.
LeBron has signed endorsement deals with multi companies. The companies include:
- State Farm
- Beats by Dre
- Baskin Robbins
LeBron has an endorsement deal with Nike and he signed it at the age of 18. The deal helped him earn $90 million in over seven years. He was offered $115 million with Reebok which is rejected because he signed with Nike. LeBron earns $20 million every year from his endorsement deal with Nike. LeBron has signed a lifetime endorsement deal with Nike which is worth $1 billion.
LeBron skipped college as he was signed as the first pick of 2003 by the NBA draft. He signed a deal with his hometown team, the Cleveland Cavaliers. He signed the first contract with $18.8 million which was for 4 years. He extended with a $60 million contract with Cavs. In the 2011 season, LeBron showed his intention to leave Cleveland for Miami. When LeBron moved to Miami, he signed a deal of over $110 million for six years. In his first season with The Heat LeBron earned $1.2 million. He played for 4 four seasons with The Heat and returned to Cleveland. LeBron chose a 1-year contract. In 2016, he signed a three-year deal for $100 million with the Cavs. He earned $30.963 million, and with that, he became the highest-paid player in the league.
James got married to his high school sweetheart Savannah Brinson. He has three kids. They used to live in Miami and own a $9 million mansion in Biscayne Bay in Coconut Grove. LeBron purchased a 9,350 square-foot mansion in LA’s Brentwood neighborhood. He bought the mansion for about $21 million. The home in the neighborhood was very expensive. In November 2017 LeBron bought $23 million for a new mansion in Brentwood.