LeBron James is one of the richest athletes of the world, and it looks like the Lakers star could be deepening his pockets with $750 million more.
While LeBron’s contract may not pop right off the page in terms of how much he earns per year compared to other athlete’s, but with all the extra revenue he generates through sponsorships, deals, and even entertainment platforms (like movies with his ‘Space Jam: A New Legacy’ set to arrive soon), he’s easily one of the richest in the world.
Throughout his career, LeBron has racked up an incredulous $346.2 million just from his basketball contracts. When you factor in everything off the court, he brings in an additional $65 million per year bringing his net worth up to somewhere around $500 million.
James also runs SpringHill Company with his friend Maverick Carter, and if things bounce their way they could be looking at a $750 million deal.
LeBron James is now a part-owner of the Boston Red Sox, per @MikeSilvermanBB.
He and Maverick Carter joined Fenway Sports Group as the first and only Black partners in history. pic.twitter.com/zZYdCITz4a
— Yahoo Sports (@YahooSports) March 16, 2021
LeBron James Could Make $750 Million With Maverick Carter
No concrete talks have materialized yet, but there are speculations that James and Carter could be set to get much much richer soon.
LeBron and Maverick are having talks about potentially selling part of their Spring Hill Company. There are a number of potential investors on the table, and the discussions so far have indicated that the valuation could be as high as $750 million.
Spring Hill isn’t looking to sell the company completely, but any small profit they can make is incredible going from raising $100 million to potentially selling for $750 million is an incredible increase. Nike is one of the prominent investors looking to strike a deal.
James and Carter worked together in 2020 to merge their three business, SpringHill Entertainment, their digital-Uninterrupted, and Robot Co. into one unit: SpringHill Co. They raised $100 million to get there, and now they could be making much more money.
LeBron James has no shortage of wealth, and he could probably do with a $100 million less here or there, but these kind of deals show that he’s much more than just a basketball player.
He’s managed to insert himself into leadership positions at thriving businesses and has put some quality content out there. HBO’s ‘The Shop’ is one of the best sports productions to watch, featuring athletes share their experiences raw and unfiltered.
LeBron’s play will guarantee him large contracts in the NBA for as long as he keeps playing, but having his businesses rake in these enormous profits is looking out for the future as well when he retires.