What Is Lebron James Net Worth In 2020?
- LeBron James Net Worth
- LeBron James Net Worth In 2020
- LeBron James Career Earnings
- Endorsement Deals
- Nike Deal
- LeBron James is still shining brightly for the Los Angeles Lakers
- Will LeBron James Be A Billionaire?
- Basketball Career
- LeBron James Early Life
- Personal Life and Real Estate
- SpringHill Entertainment
- What is LeBron James’ total net worth?
- The desire to own...
- 3 Keys to Success from LeBron James
- 1. Learn from Others
- 2. Be A Great Leader
- 3. Learn from Past Mistakes
LeBron James Net Worth
|Net Worth:||$480 Million|
|Salary:||$100 Million Per Year|
|Date of Birth:||1984-12-30|
|Height:||6 ft 8 in (2.05 m)|
|Profession:||Basketball player, Athlete, Television producer, Screenwriter, Voice Actor|
|Nationality:||United States of America|
LeBron James Net Worth In 2020
LeBron James is an American professional basketball player and entrepreneur who has a net worth of $480 million. Every year, LeBron James earns around $40 million in salary from the NBA and roughly $55 million from endorsements. That brings his total annual income to roughly $100 million. Between June 2016 and 2017, LeBron earned $86 million. Between June 2017 and June 2018, LeBron earned $85.5 million. Between June 2018 and June 2019 he earned another roughly $85 million.
LeBron James Career Earnings
During his first 10 seasons in the NBA, LeBron James earned just over $126 million in salary alone. During that same time period LeBron earned an estimated $326 million from endorsements. That’s $452 million from his first decade as a professional. As of this writing, LeBron has earned slightly over $600 million during his career (before taxes and expenses).
Since entering the league nearly two decades ago, LeBron James has built an empire and an estimated net worth of $480 million. He didn’t just do it through NBA contracts either, although those have been nothing to thumb your nose at. As we’ll get into, the superstar has various sources of income outside of the sport, some of them extremely rare and the first of their kind.
LeBron made waves in the summer of 2018 when it was announced that he would be joining the Lakers for a four-year, $154 million deal. That’s $38.5 million every year that he’ll be earning until the 2021/2022 season. When he has been paid all of the money on the contract, he’ll be the player with the highest court earnings in history. His Laker contract was a huge step up from his first playing contract, which was, of course, with the Cleveland Cavaliers and still earned the star a whopping $18.8 million over four years. In total, just from his NBA salary, since 2003, LeBron has made around $300 million.
As we mentioned, there’s far more to James’ worth than salary money. In 2016, Forbes estimated his earnings at $71 million in 2017, $86 million, in 2018 at $85.3 million and in 2019 at $89 million. Each year, endorsements have paid Bron more than his salary has, and when you see the list of names he’s been linked with over his career, it’s no wonder why.
LeBron has endorsement deals with dozens of companies including McDonalds, 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 totaling $1 million during his years a spokesman. When the company sold to Apple for $3 billion, LeBron’s cut was $30 million.
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 actually 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 James is still shining brightly for the Los Angeles Lakers
In the early 2000s, LeBron James’ St. Vincent-St. Mary’s basketball games started airing on ESPN. While that was an impressive starting point, his star only continued to rise.
LeBron, of course, entered into the 2003 NBA draft and landed with the Cleveland Cavaliers. He spent the first seven seasons of his career in Ohio, going from a teenager to a dominant pro, before infamously hitting free agency and joining the Miami Heat.
After winning two elusive NBA titles in Florida, James returned to Cleveland to take care of unfinished business. He brought the Cavs to the promised land in 2016 before leaving town again; this time, there were no burning jerseys, and King James joined the Los Angeles Lakers.
While LeBron is no longer a spring chicken, he’s still going strong in Hollywood. His raw scoring output has slightly decreased, but the forward is still an elite player; James was averaging 25.7 and a career-high 10.6 assists per outing before the season was suspended in March. He and Anthony Davis have joined forces to help return the Lakers to their former glory.
Will LeBron James Be A Billionaire?
Within the next decade, but more on that in a moment. Before he becomes a net worth billionaire, LeBron first must join the billion dollar athlete club. That club currently has six members: Michael Schumacher ($1 billion), Floyd Mayweather ($1.1 billion) Jack Nicklaus ($1.15 billion), Arnold Palmer ($1.35 billion), Tiger Woods ($1.65 billion) and Michael Jordan ($1.9 billion).
When you combine his new salary and upcoming endorsements, LeBron’s career earnings will easily top $100 million every year over his four years in LA. Perhaps closer to $110 or $120 million. Even at at the $100 million level, by year four of his contract LeBron James will pass the $1 billion career earnings mark.
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. By our estimate, if LeBron follows in the footsteps of legends like Michael Jordan, Magic Johnson and Kobe Bryant, his net worth will surpass $1 billion in 2035 when he 51 years old.
Lebron James didn’t pick up his “King James” moniker for nothing. Indeed, his already star-studded career has featured a great deal of athletic prowess that has led his to be an immediate star on any team he joins. This athletic prowess has also made him a keystone in several award-winning squads, making him a valuable commodity in the NBA at large.
James’ skill commodification has translated into hefty playing contracts time and again, resulting in a multi-hundred million dollar earnings total over the course of his 16-year career thus far ($387.2 million). By examining each of these contracts over his career, you can begin to better appreciate how Lebron James’ net worth has grew out of his core occupation.
Cleveland Cavaliers (Round 1) – 2003-2010
Lebron James is a native of Akron, Ohio, and was a star throughout his high school career. As such, it only made sense that his first step into the NBA would be through his hometown Cleveland Cavaliers, who selected him first overall in the 2003 league draft. At that time, James signed the first of his many lucrative playing contracts for $12.96 million – the most for any rookie at the time.
James immediately became a league star, shining as a beacon of performance on what was otherwise a middling team. Cleveland was unwilling to give up their star player after his rookie contract expired. Accordingly, they inked him for 3-year extension in 2006 worth an even more remarkable $60 million. At this point, James’ value within the league was already becoming clear, setting the stage for his soon-to blossom net worth.
Unfortunately, James was unable to pull together a championship during this extension period. Because of his rising stock in the league, many began to wonder if James would stick around or find a new team who could pay him more and better apply his top-tier prowess. After holding the sporting world in an uneasy tension for a week, James eventually announced his intention to “take his talent to South Beach” and join the Miami Heat.
Miami Heat – 2010-2014
Lebron James’ move to the Miami Heat was part of the team’s larger attempt to create a dream squad with fellow NBA stars Dwayne Wade and Chris Bosh. James’ was the final piece in that grouping, and he courted a contract appropriate of his new keystone position in the Heat’s starting five. James’ first contract with the Heat clocked in at around $110.1 million over its 6-year period. However, it also included an early termination clause that would come into play down the road.
During the second year of this contract, James’ stock as a top-tier NBA player reached a new peak as he finally cemented his place with an NBA championship win over the Oklahoma City Thunder. Though he didn’t pick up any awards that year, it became apparent that his net worth would only grow larger with each new team he joined. This factor was redoubled again as the Heat repeated as champions the next year, with James taking home the regular season 3-point shooting percentage title.
Though he would lead the league in shooting percentage the next season, the Heat failed to make a dynasty with a third consecutive championship. Some pieces began to move around him and at that time, James began to reevaluate his net worth as a player, should he choose to remain in Miami. In the long run, he chose to opt out of his contract early and take a chance at a better athletic and financial gain back in Cleveland.
Cleveland Cavaliers (Round 2) – 2014-2018
Even for their disappointment at his first departure, the Cavaliers were glad to have Lebron James back. This appreciation showed in a fresh $42 million contract for a 2-year period (which was smaller in total value, but more valuable in terms of per-year salary). Undoubtably, his twin championship rings influenced this massive contract.
James’ return almost immediately made an impact on the previously woeful Cavaliers. In the second season of his 2-year contract, James helped to lead the Cavaliers to their first-ever NBA championship over a star-studded Golden State Warriors team. This feat also marked the city of Cleveland’s first major sports championship in 52 years, thus cementing James’ cultural net worth for the rest of his career.
James had earned a new contract with the Cavaliers, which this time weighed in at $100 million over a 3-year period – nearly double the per-year salary of his previous largest total contract in Miami. While earning $31 million in the contract’s first year, James’ net worth hit yet another peak as he became the highest paid player in the NBA for the first time in his career.
The next year, James passed the previous all-time single season salary record with a $33 million paycheck, a record previously held by legend Michael Jordan during his prime. Over the next two years, James lead his team back to the NBA Finals, though lost both times to the Golden State Warriors. This frustration may have led him to make his next major move, which itself further raised his net worth.
Los Angeles Lakers – 2018-Present
In 2018, Lebron James made the most financially lucrative move of his career so far by leaving his hometown and heading to Hollywood to join the storied Los Angeles Lakers. The Lakers were looking to build a championship with James at its core and paid him accordingly to the sound of $154 million over a 4-year period. This, again, set a new peak for James’ per season salary.
James is still on this contract today, with the implications on his overall net worth unclear beyond adding to his already impressive player contract earnings total. Given his past tendencies to leave teams that he does not expect to win a championship on, James contract-related net worth may again spike as his contract comes up for expiration in a couple years’ time.
LeBron James Early Life
LeBron James was born on December 30, 1984 in Akron, Ohio. When LeBron was just an infant his mother gave him a miniature hoop and basketball which he played with for hours. Soon, basketball became LeBron’s life and when he was old enough to play for his elementary school he excelled immediately on the court. LeBron attended St Vincent-St Mary high school where, as a sophomore, he became the youngest person ever to join the USA Today All USA first team. In his junior year he was named the Gatorade National Player of the Year. It was also around this time that he became known as “King James”. James began to appear on the cover of “SLAM” magazine and Sports Illustrated even though he was still in high school. It was clear to everyone that LeBron was destined to be an NBA superstar.
LeBron James was chosen by the Cleveland Cavaliers as the first overall pick of the 2003 NBA draft. During his first season, he was the youngest player to ever score 40 points in a single game, as well as the youngest player ever to be voted Rookie of the Year. In addition to playing for the Cavaliers he has also played for United States Olympic basketball team and won bronze and gold medals the 2004 and 2008 Olympics, respectively. In 2012 and 2013, LeBron and The Miami Heat won the NBA championship. He was also voted MVP of both series.
Personal Life and Real Estate
James has three children with his high school sweetheart Savannah Brinson. When they lived in Miami, the James family owned a $9 million mansion overlooking Biscayne Bay in Coconut Grove. In November 2015 LeBron bought a 9,350 square-foot mansion in LA’s Brentwood neighborhood for $21 million. At the time it was the highest price paid for a home in the neighborhood. In November 2017 LeBron plunked down $23 million for ANOTHER mansion in Brentwood.
Back in Ohio LeBron owns one of the most-expensive homes in the Cleveland area. Located in Bath Township. The home, which LeBron had custom built, is valued at $9.5 million by Ohio tax authorities. It has 20 total rooms in 30,000 square-feet of living space. He bought the property back in 2003 when he was 18 fresh after joining the NBA.
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 actually 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.
What is LeBron James’ total net worth?
James’ career earnings are well over $1 billion dollars. The Nike deal alone will earn James more than a billion over his lifetime, but he also has his NBA salary, other endorsements, and an emerging career in Hollywood.
However, $1 billion is what James will make over his entire career. That doesn’t mean that’s how much he has right now. Currently, James’ net worth is estimated to be $440 to $450 million dollars.
There are a large number of income streams contributing to that $450 net worth. In addition to his NBA salary and the Nike deal, James is also an investor. He contributed heavily to Blaze Pizza when it was just beginning.
Now it’s the second-fastest-growing pizza chain in the U.S. and James owns a large portion of shares, now worth over $35 million, and 17 of its franchises.
When Apple agreed to buy Beats Music, James made a reported $30 million from the deal. It’s clear that James has his hand in several money pots. But becoming a billionaire has always been something James dream about.
When asked by GQ in 2014 about becoming a billionaire, he said, “If it happens. It’s my biggest milestone. Obviously. I want to maximize my business. And if I happen to get it, if I happen to be a billion-dollar athlete, ho. Hip hip hooray! Oh, my God, I’m gonna be excited.”
The desire to own…
This desire for ownership has been a theme for LeBron. He was McDonald’s’ top athlete for years, but in 2017, he reportedly declined an extension, which would have netted him $15 million. He did this in favor of committing to Blaze Pizza, which he’d invested in five years prior. He bought into the company for a discounted rate due to who he was, and he was also given ownership of two franchise locations. He now owns around two dozen, Blaze Pizza has since become the fastest-growing pizza chain of all time, and his investment is worth at least $40 million.
In 2011, James acquired a stake of 2% in Liverpool Football Club, one of the biggest clubs in soccer. Instead of purchasing his stake and, in turn, risking his money, he made a deal with Fenway Sports Group that saw him added onto their client list. In return, he was given the stake worth around $6.5 million, and it is now worth over $30 million.
James is a master of knowing his worth and leveraging his status to get it. All of these ventures make it crystal clear why the only thing standing between LeBron and inevitable billionaire status is time.
3 Keys to Success from LeBron James
Now you know all about LeBron James’ net worth, and how he achieved success; here are 3 success lessons we can all learn from LeBron James:
1. Learn from Others
Dwyane Wade and Pat Riley played a big part in teaching LeBron about how to become a true champion. This was midway through his career when he left for Miami Heat. His reason for leaving Cleveland was exactly this, to learn.
When LeBron moved back to Cleveland, he had a much wider range of knowledge, which he could bring back to the team.
2. Be A Great Leader
LeBron is all about teamwork and helping his team in any way he can to break the boundaries. He’s not in it for himself, he’s in it for the team. This is majorly why the team’s he’s played in have done so well, and therefore improved his level of fame.
3. Learn from Past Mistakes
If he had to do it all over again, James said there were plenty of things he’d do differently. That just goes to show how much he’s learned from his mistakes, and how it’s helped continuously elevate his game throughout his career.
Altogether, it’s clear to see why Lebron James’ net worth is so sky high at this point in his professional and business career. Between his ever-growing value in the player contract market and his diverse portfolio of product endorsements, James’ certainly has a fruitful income set for well beyond his playing career.
James’ net worth is not showing any signs of slowing down and diminishing anytime soon, either. Should he remain healthy and performing at his peak, further NBA championships and MVP awards may serve to increase his core net worth. If he follows in Michael Jordan’s footsteps, he may also find himself even more valuable through his post-career business endeavors and ownership pursuits.
This is all to say, Lebron James’ current $450 million net worth doesn’t tell the whole tale. Should his stock continue to rise on the court and in the business world, James’ may become a real financial giant in the annals of American economics.
LeBron James is without a doubt one of the best NBA players in history, and all the attention/awards he’s received show this.
With LeBron James’ net worth at $480 million, he’s also one of the highest paid basketball players in the world.