LeBron James became the first active player in NBA history to become an official

LeBron James has thrown another milestone in his colorful career, becoming the first active NBA player in history to officially become a billionaire.

According to Forbes, James made a total of 166.5 million last year, which put his estimated net worth above the magical ten-digit mark.

James Michael joined Jordan as the only other basketball player to become a billionaire, although Jordan did not reach the mark until 2014, a decade after his retirement.

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In his 19-year career with the Cleveland Cavaliers, the Miami Heat and the Los Angeles Lakers, James has earned more than 30 530 million, becoming a business mogul in the second half of his career, earning more than 24 1.24 billion from endorsements. Other business ventures.

The biggest motivation behind James moving from Cleveland to Los Angeles in 2018 is his closeness to Hollywood, and since then he has already got his hands on several huge projects.

James and his business partner Maverick Carter founded Springhill Entertainment in 2007 and merged it with his athlete platform Uninterrupted and another company to form the Springhill Company in 2020.

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James sold a “significant minority stake” to a handful of investors last October, and while he is still the company’s largest shareholder, his share is not expected to exceed 50 percent and is valued at $ 414 million, according to Forbes.

In addition to his career in Hollywood, James Fenway has been steadily involved in team ownership through his relationship with Sports Group.

James entered into a partnership with Fenway in 2011 and took a minority stake in Liverpool, an English Premier League team, before exchanging that stake for ownership with FSG.

Fenway owns the Boston Red Sox in Major League Baseball and added the Pittsburgh Penguins of the National Hockey League to his portfolio last year.

James has long talked about owning his own NBA team, as Jordan does with the Charlotte Hornets, and his relationship with the FSG is sure he will speed up the process after he finally retires. The stake in Fenway is valued at $ 90 million USD ($ 124 million AUD), according to Forbes.

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