LeBron James Net Worth 2020 would be the highest amongst all NBA Players. Here we look at how much does the Lakers star earn in a year.
The 4 time NBA MVP has a net worth of $450 million. The Lakers superstar is the highest-paid player in the NBA. He joined the Lakers in 2018 on a 4-year, $153 million contract.
— Klutch Sports Group (@KlutchSports) July 2, 2018
According to Forbes, James is the 5th highest-paid athlete in the world and the 9th highest-paid celebrity in 2020. He had made $89 million in 2019.
James made roughly $38 million just off his NBA contract. However, James is multi-faceted and most of his earnings in 2019 came from endorsements.
LeBron’s endorsement deals:-
LeBron has endorsement deals with dozens of companies including McDonald’s, Microsoft, State Farm, Beats by Dre, Coca-Cola, Dunkin-Donuts, Baskin Robbins, Samsung, Nike, and more.
In addition to endorsing Beats by Dre, LeBron also owned 1% of the company. He earned royalty payments totalling $1 million during his years as a spokesman. When the company sold to Apple for $3 billion, LeBron’s cut was $30 million.
What is LeBron’s deal with Nike and how much is it worth?
LeBron signed his first Nike endorsement deal at the age of 18. The deal paid $90 million over seven years, $12.8 million per year. He was offered $115 million to sign with Reebok.
Today LeBron earns $20 million per year from Nike in the form of salary and royalty payments for his signature shoe line.
In December 2015, LeBron signed a lifetime endorsement deal with Nike that ultimately could be worth more than $1 billion. It is the very first-lifetime deal Nike had ever offered and reportedly the largest deal in the company’s history.
LeBron’s Big investments:-
SpringHill Entertainment: LeBron and his business partner Maverick Carter are the co-founders of production company SpringHill Entertainment. The company has produced movies, documentaries, and television shows.
Blaze Pizza: In 2012 LeBron decided to invest in a pizza startup called Blaze Pizza. At the time he was under contract with McDonald’s. In 2017, LeBron turned down a $15 million extension offer from McDonald’s so he could go all-in with Blaze Pizza. As of this writing he owns at least 21 Blaze pizza franchises and the company is one of the fastest-growing restaurant chains of all time. LeBron’s equity stake at the company’s latest valuation is worth $40 million.
Liverpool F.C.: While it is LeBron’s ultimate goal to own an NBA team, in the meantime he’ll have to make do with owning a soccer team. In 2011, LeBron struck a deal to acquire a 2% stake in Liverpool F.C. from the club’s majority owners, the Fenway Sports Group (owners of the Red Sox). In the years since the deal was struck, Liverpool won the UEFA Champions League tournament and has grown to be worth $2 billion. LeBron’s stake is worth at least $40 million.
Also Read: Lakers star who owns 2% of the club celebrates Premier League title win
— LeBron James (@KingJames) June 25, 2020
James in 2018 launched Ladder, a health and wellness company. Along with Cindy Crawford, Arnold Schwarzenegger, and Lindsey Vonn.
Can the Lakers star become a billionaire?
When you combine the 35 years old new salary and upcoming endorsements, LeBron’s career earnings will easily top $100 million every year over his four years in LA.
Assuming LeBron signs at least one more three-year NBA contract before retiring, by 2024 his total NBA salary earnings will be roughly $350 million. When it’s all totaled up, LeBron will likely retire in roughly 2025 with around $1.1 billion in career total earnings.
And if he follows the right path his net worth will surpass $1 Billion in 2035 at the age of 51.