Last Updated on: 21st November 2023, 08:20 pm
Since taking the NBA by storm in 2003, Los Angeles Lakers superstar LeBron James has created a powerful industrial empire, through endorsements, sponsorships, lucrative agreements, investments and equity deals. In the intervening years, his net worth has soared to unprecedented heights and he stands among the most highly compensated athletes on earth. This post will examine how much money James has accumulated as of 2023 following him becoming the all-time top scorer, overtaking Kareem Abdul-Jabbar’s historic record.
LeBron James Net Worth – Lets find out…
The estimated total assets of LeBron James in 2023 is said to be around $1 billion. By then, the NBA giant is expected to have accumulated a significant fortune.
In 2022, LeBron James made history as the first active NBA player to reach a net worth of $1 billion, according to Forbes. His achievement had been a goal of his since 2014 when he told GQ magazine.
This is my largest accomplishment yet. I am intent on making the most of my business and if it succeeds enough to make me a billionaire – what a grand celebration that will be! I can barely contain my enthusiasm.
This news came after he was placed at the No. 2 spot on Forbes’ list of highest-paid athletes in 2022, following Lionel Messi’s $130 million. Majority of his earnings for the year were from his contract with the Lakers amounting to a total of $41.2 million and additional $80 million generated from other money-making ventures.
LeBron’s deal with Nike is rumored to be in the billions and he has other partnerships with brands such as PepsiCo, AT&T, Walmart and Crypto.com (which holds the rights to the building formally known as Staples Center). He even took part in a Super Bowl commercial for Crypto.com. Additionally, James is affiliated with Blaze Pizza and invested in companies including Beats by Dre, Tonal, Lyft and StatusPRO.
James is an entrepreneur. In 2018, he collaborated with Arnold Schwarzenegger to create Ladder, a health and wellness company, which Beachbody purchased two years later. His other professional pursuits include SpringHill Entertainment (film production) and Uninterrupted (media), the studio behind the talk show The Shop that began on HBO and now streams on YouTube. All three of these enterprises were unified into The SpringHill Company in 2020.
Not only is LeBron James a billionaire, he’s a fitness freak maintaining an all year round athletic body that puts many of his peers the same age to shame. How does he do this? Lebron James maintains a strict workout and diet regime that consists of a 6 day workout plan and strict diet to keep his body fat low and calories high when needed.
In 2021, the highly anticipated sequel to 1996’s Space Jam, starring Michael Jordan, was finally released by SpringHill. LeBron James took the lead in this movie and it went on to make nearly $163 million globally. Three months later, he sold a minority stake in SpringHill worth $750 million; however, he still holds the majority of shares in the company. In 2023, they produced a remake of House Party with a storyline that revolved around a gathering at LeBron’s mansion.
James first got into sports ownership in 2011 when he acquired a minority interest in Liverpool F.C., a Premier League team, as part of the Fenway Sports Group, which also controls the Boston Red Sox, Fenway Park, and the Pittsburgh Penguins. Ten years later, LeBron switched his interest for some ownership in FSG.
In 2023, LeBron James’ net worth is set to skyrocket due to his impressive portfolio. This number is sure to increase significantly in the coming years.
James has had a long and successful career with three different teams. He earned $169,884,342 from the Cleveland Cavaliers over 11 seasons. He then signed a four-year contract with Miami Heat worth $64,008,659 before joining the Los Angeles Lakers in 2018. There, he completed four seasons earning $153,491,118. In 2022, he signed a two-season extension worth $97,133,373 on top of his 2022-23 salary of $44,474,988. This brings his total earnings to nearly $530 million after the 2024-25 season.
At the age of 38, James continues to perform to a high standard for one of the most celebrated teams in the NBA. Although the Lakers failed to qualify for the 2021-22 playoffs and are enduring difficulties in 2022-23, its prestige as a team persists. Being part of Hollywood also offers LeBron plenty of opportunities to extend his empire and he holds ambitions of becoming a majority owner of at least one professional sports organization. His wealth is ever increasing, so it wouldn’t come as shock if his goal is achieved. He will undoubtedly stay in Klutch Sports once he retires from playing.
In addition to all of his other accomplishments, LeBron is a proud owner of numerous valuable properties, as well as having a great deal of money in cash and investments. Forbes has compiled an extensive analysis of his net worth that can be viewed here.
Obviously, we should make mention of the LeBron James Family Foundation and their accomplishments, such as the I Promise School.
Given your appreciation and familiarity with the Lakers legend, did you find it surprising to learn of LeBron James’ riches in 2023 when he becomes the all-time highest-scoring player in the NBA?
