{"id":2728,"date":"2022-06-03T18:19:34","date_gmt":"2022-06-03T18:19:34","guid":{"rendered":"https:\/\/ultimatesportsghana.com\/?p=2728"},"modified":"2022-06-03T18:19:35","modified_gmt":"2022-06-03T18:19:35","slug":"lebron-james-becomes-billionaire-first-active-nba-player-ever-to-hit-milestone","status":"publish","type":"post","link":"https:\/\/ultimatesportsghana.com\/index.php\/2022\/06\/03\/lebron-james-becomes-billionaire-first-active-nba-player-ever-to-hit-milestone\/","title":{"rendered":"LeBron James Becomes Billionaire, First Active NBA Player Ever To Hit Milestone"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"800\" height=\"533\" src=\"https:\/\/ultimatesportsghana.com\/wp-content\/uploads\/2022\/06\/james-0000000.webp\" alt=\"\" class=\"wp-image-2729\" srcset=\"https:\/\/ultimatesportsghana.com\/wp-content\/uploads\/2022\/06\/james-0000000.webp 800w, https:\/\/ultimatesportsghana.com\/wp-content\/uploads\/2022\/06\/james-0000000-300x200.webp 300w, https:\/\/ultimatesportsghana.com\/wp-content\/uploads\/2022\/06\/james-0000000-768x512.webp 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">The Los Angeles Lakers\u2019 LeBron James is reportedly the first NBA player to become a billionaire while still actively playing.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Forbes\u2018 Chase Peterson-Withorn reported Thursday that James\u2019 net worth surpassed the $1 billion mark after he earned $121.2 million in 2021.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"748\" src=\"https:\/\/ultimatesportsghana.com\/wp-content\/uploads\/2022\/06\/LeBron-James-1024x748.png\" alt=\"\" class=\"wp-image-2730\" srcset=\"https:\/\/ultimatesportsghana.com\/wp-content\/uploads\/2022\/06\/LeBron-James-1024x748.png 1024w, https:\/\/ultimatesportsghana.com\/wp-content\/uploads\/2022\/06\/LeBron-James-300x219.png 300w, https:\/\/ultimatesportsghana.com\/wp-content\/uploads\/2022\/06\/LeBron-James-768x561.png 768w, https:\/\/ultimatesportsghana.com\/wp-content\/uploads\/2022\/06\/LeBron-James.png 1040w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">The 37-year-old Ohio native is one of the most recognizable athletes in the world. He lived up to the hype as a generational prospect in 2003 to become one of the greatest basketball players in history, highlighted by four NBA championships and four MVP awards.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Based on Forbes\u2018 valuation, James has tallied $385 million in on-court earnings as part of a 19-year career with the Lakers, Cleveland Cavaliers and Miami Heat. He\u2019s set to make another $44.5 million next season in L.A. as part of his two-year contract.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">He\u2019s added another $900 million from off-court ventures, including endorsements contracts, per Forbes.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That revenue stream was bolstered last year by the release of Space Jam: A New Legacy, which featured the NBA\u2019s longtime gold standard in a starring role and also included his SpringHill Company as one of the movie\u2019s production groups. It\u2019s generated $162.9 million in worldwide sales.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">James is the largest stakeholder in the SpringHill Company, which itself carries a $725 million valuation, according to Forbes.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Other aspects of his estimated net worth include $90 million from the Fenway Sports Group, which includes MLB\u2019s Boston Red Sox, the NHL\u2019s Pittsburgh Penguins and the EPL\u2019s Liverpool, $80 million in real estate and $30 million from Blaze Pizza.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In 2021, James confirmed his desire to become the owner of an NBA franchise.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cI got so much to give to the game. I know what it takes to win at this level. I know talent,\u201d he told reporters. \u201cI also know how to run a business as well. And so, that is my goal. My goal is to own an NBA franchise, and it will be sooner than later.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If that comes to fruition, he\u2019d be following in the footsteps of Michael Jordan, the owner of the Charlotte Hornets, who became the first NBA player to hit $1 billion in net worth after his on-court retirement.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">James continues to play at a high level, although injuries have become a bigger factor in recent years, and he\u2019s stated his desire to finish his playing career alongside his oldest son, 2024 draft prospect Bronny James.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cMy last year will be played with my son,\u201d James told Jason Lloyd of The Athletic in February. \u201cWherever Bronny is at, that\u2019s where I\u2019ll be. I would do whatever it takes to play with my son for one year. It\u2019s not about the money at that point.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As a new member of the billionaire club, James can afford to push contract value to the back burner for one year to close out his Hall of Fame career. There\u2019s no indication he\u2019s getting close to walking away from the NBA, though.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Credit: Bleacher Report<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Los Angeles Lakers\u2019 LeBron James is reportedly the first NBA player to become a&#8230;<\/p>\n","protected":false},"author":4,"featured_media":2730,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-2728","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-live-sports"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>LeBron James Becomes Billionaire, First Active NBA Player Ever To Hit Milestone - Ultimate Sports Ghana | All your Sports News from Ghana<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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