With LeBron James taking in an estimated $86 million in 2017 alone, his total wealth is estimated at $1.2 billion, according to Forbes. But even with all that money, he is still short of money per game, at least for the foreseeable future.
LeBron James is an American professional basketball player and entrepreneur with a fortune of $480 million.
Celebrity Net Worth stated that LeBron James earned just over $126 million in salary during his four-year career with the Cleveland Cavaliers, but earned more than $1.5 billion a year overall.
The Unexpected Increase
LeBron James increased his net worth to $1.2 billion after signing for free with the Los Angeles Lakers this summer. According to Knew Money, the new deal for the Lakers brings him closer to becoming a millionaire sportsman.
LeBron James has signed a five-year, $100 million contract with a new team in the United States, a franchise he signed in the first year of his 2014 NBA contract.
According to the Forbes report, he earned between $36 million and $53 million in 2019 with endorsements on and off the basketball court.
As a result of his success on the court, James has amassed amazing cars and houses, but still has time for his surprisingly normal family. He has done a lot for the local community and given back a lot of his wealth through charities like the James Foundation and the LeBron James Family Foundation.
LeBron James’s Inevitable Success
King James is also one of the most successful athletes in the history of the sport and the first in a long line of athletes to become a billion dollar athlete.
ESPN’s Brian Windhorst, who has followed James since his high school days, outlines in his recently released biography LeBron James: The life and times of King James. LeBron ranks sixth on the all-time list and, along with Kobe Bryant and Kevin Garnett, is the only player in NBA history to earn at least $1.5 billion.
Market Watch reported that James, 34, has used his influence to become one of the richest sportsmen in the world, making him a timely investment.
Last year, when James earned $1.5 billion in salary, bonuses and other compensation, he was the eighth highest-paid athlete in the world. Look at the ten highest-paid athletes of all time, all of whom earned a cool $89 million in their final year of a decade.
Michael Jordan is still the highest-paid basketball player of all time, with an annual salary of $1.5 billion and a total compensation package of more than $2 billion.
Basketball for James after Turning Pro
However, since turning pro, he has surpassed the $1 billion mark in career earnings. After answering the question of how LeBron James makes his money, the next question is whether he’s a billionaire or not.
The Los Angeles Lakers basketball player is on the verge of becoming one after repeatedly speaking about his desire to become a billionaire.
When he signed a four-year, $100 million contract with the Los Angeles Lakers, he earned more than $1 billion in his first two years as a professional basketball player.