LeBron James is one of the world’s richest athletes. Ezra Shaw/Getty Images LeBron James is a four-time champion, four-time MVP, 18-time All-Star, and soon to be the highest-paid NBA player of all-time. James signed a two-year, $97 million contract with the Lakers that will pay him $50 million in 2024-25.
Thanks to his NBA salary and lucrative endorsement deals with the likes of Nike and Beats by Dre, James lives a lavish lifestyle off the court. Visit Insider’s homepage for more stories. On the court, LeBron James has earned four NBA MVP awards, four NBA championships, and 18 All-Star nods in his illustrious 19-year career.
That stacked resumé has paid off big time — after agreeing to a two-year, $97 million contract extension with the Lakers, he is set to become the highest-paid player of all-time. He is equally relentless of the court, signing a lifetime endorsement deal with Nike worth more than $1 billion — a move that was so big it is more like the merger of two corporations. As a result of his success on and off the court, James has amassed amazing cars and houses and still has time for his surprisingly ordinary family.
King James is also well on his way toward his goal of becoming a billion-dollar athlete. Check out how he spends his money below:Tony Manfred and Emmett Knowlton contributed to this report. LeBron James is one of the most accomplished players in NBA history.
Getty/John McCoyHe’s also one of the wealthiest. Kim Klement-USA TODAY SportsLeBron has made $387. 3 million during his 19-year NBA career.
David Zalubowski/AP ImagesSource: SpotracJames signed a two-year, $97 million extension with the Lakers, meaning he’ll earn $141 million over the next three years. LeBron James. Luis M.
Alvarez/AP ImagesThe extension will make James the highest-earning player of all-time, with $532 million. Mark J. Terrill/AP ImagesSource: ESPNBut in addition to his NBA salary, LeBron also made roughly $90 million in endorsements off the court.
YouTube/Kia Motors AmericaSource: SporticoHe led all athletes with $126. 9 million in on- and off-court earnings in 2021. Chris Pizzello/AP ImagesSource: SporticoHis endorsements include Walmart, Intel, Kia, and more.
Getty/Streeter LeckaHe has a longtime sponsorship with Beats by Dre, and even gifted headphones from the brand to players on his favorite college football team. AP Photo/Charles KrupaRead more: LeBron James gave the entire Ohio State football team new $350 Beats headphones, and it’s not an NCAA violation thanks to a loopholeHe also has a monster deal with Nike. Steve Dykes/APRead more: “LeBron James just signed the biggest endorsement deal in Nike history”The company signed him to a seven-year, $93 million deal right out of high school.
REUTERS/Ron Kuntz RKAnd in December 2015, Nike signed him to a lifetime deal that will go far beyond the standard shoe endorsement and is expected to be worth $1 billion. Visual China Group via Getty Images/Visual China Group via Getty ImagesHe’s active on Instagram. It’s estimated that he makes about $428,000 per sponsored Instagram post.
Nathaniel S. Butler/NBAE via Getty ImagesSource: The HustleJames used to have an endorsement deal with McDonald’s, but he gave up $15 million in choosing not to renew it in 2017. Brandon McNulty/McDonald’s/YouTubeSource: ForbesInstead, he became a spokesman for Blaze Pizza, a company where he was a founding investor.
Screenshot via Blaze Pizza/YouTubeRead more: LeBron James has turned his back on McDonald’s to bet on a Chipotle-style pizza chainHe made a similar move in 2021 when he left longtime sponsor Coca-Cola — or Sprite — for a deal with rival PepsiCo and its Mountain Dew brand. Aaron Davidson/Getty Images for SpriteRead more: LeBron James jumps ship from Coca-Cola to PepsiCo and will be the face of a new Mountain Dew drinkJames is an investor in Lobos 1707 tequila. A bottle of LeBron James’ Lobos 1707 TequilaLobos 1707Economists have estimated he was worth as much as $500 million to the city of Cleveland.
LeBron has ditched his signature chalk toss. AP/Bill KostrounSource: TimeSo when he left the Cavaliers to join the Los Angeles Lakers in the summer of 2018, it was a huge blow. AP Photo/Mark DuncanHe’s also quite the businessman himself.
Getty/Doug PensingerHe owns a piece of Liverpool FC, the esteemed English Premier League club. AP ImagesSource: Sporting News LeBron bought a 2% stake in the team for about $6. 5 million.
Liverpool FCRead more: LeBron James’ $6. 5 million investment in Liverpool FC is already paying off big timeHis share has grown to be worth about $32 million. AP ImagesHe doubled down in 2021, buying into Fenway Sports Group to become a part-owner of the Boston Red Sox.
REUTERS/Adam HungerRead more: LeBron James is now a part-owner of the Boston Red Sox, adding to his already impressive investment portfolioThough he was previously an outspoken fan of the Red Sox’s bitter rivals — the New York Yankees. AP Photo/Amy SancettaWarren Buffett said of LeBron, “He’s savvy. He’s smart about financial matters.
It’s amazing to me the maturity he exhibits. “Kim Klement/USA TODAY Sports/ReutersSource: Sporting NewsIn 2015, LeBron’s media venture, Uninterrupted, got $16 million from Warner Bros. Duane Prokop/GettySource: BloombergJames started a production company called SpringHill.
He sold a “significant” stake in a deal where it was valued at $725 million. Christian Petersen/Getty ImagesSource: DeadlineSpringHill produced “Space Jam: A New Legacy,” which he also starred in. Warner Bros.
Read more: LeBron James reveals the latest details of the much-anticipated ‘Space Jam 2’LeBron got into a bizarre feud with Nick Saban over the rights to air a show that involves people talking about current events in a barbershop. UninterruptedRead more: LeBron James and Nick Saban are engaged in a bizarre feud over barbershop conversations and neither is backing downHe and Arnold Schwarzenegger are part of a group that invested in Georgetown Company and Bill Ackman’s office building in Hell’s Kitchen. Google MapsRead more: LeBron James and Arnold Schwarzenegger own part of Bill Ackman’s office buildingDespite persistent rumors that LeBron owns a stake in Klutch Sports Agency with his longtime friend, Rich Paul, the NBA says that is not the case.
Erika Goldring/Getty Images for Remy MartinSource: NBC SportsHe also helped design a $51,000 watch. Youtube Screen GrabSource: ForbesAll that savvy has allowed him to buy some sweet toys. He and Dwyane Wade have matching Porsches.
It’s unclear who has which color. @dwyanewadeBron also owns a Porsche 918 Spyder, which he was spotted driving on the highway with the top down. A post shared by Alex (@e30alex99) He also owns a Rolls-Royce Phantom with TVs in the seats.
Instagram/LeBron JamesSource: InstagramAnd he bought his mom a Porsche for her birthday. Instagram/LeBron JamesSource: InstagramAnd a Ferrari Testarossa for his wife. InstagramSource: InstagramBut he insists that he drives a Kia, even to work.
But to be fair, his custom K900 luxury sedan is not your typical Kia. YouTube/Cleveland. comEven the wheels have his personal logo.
YouTube/Cleveland. comBut he does own a Ferrari. The World Cars/YouTubeSource: CheatSheetJames also promoted the Hummer EV, the first electric Hummer.
via GMC/YouTubeLeBron also has a much bigger vehicle with customized headrests and a big-screen TV on which he likes to watch Tom & Jerry. InstagramWhen he joined the Miami Heat, he bought a $9 million home in Coconut Grove. He sold it for a $4 million profit.
ObeoRead more: LeBron James just sold his Miami mansion for $4 million profitHe also owns a 30,000-square-foot compound in his hometown of Akron, Ohio. In the past, he’s hosted Thanksgiving there for his entire team. Instagram/LeBron JamesSource: InstagramAnd in 2017 he purchased a $23 million mansion in Los Angeles that has 10 bedrooms and an onyx bar.
TruliaRead more: LeBron James’ teammates call him ‘the cheapest guy in the NBA’ — but he just bought a $23 million mansion in Los AngelesDespite all the spending, Dwyane Wade once called James “the cheapest guy in the NBA. ” LeBron said that was “so, so, so, so falsely true. “ESPN/YouTubeJames won’t even use his phone if it is not on wifi: “No, I’m not doing that.
I’m not turning on data roaming, I’m not buying no apps, I still got Pandora with commercials. “Christian Petersen/Getty ImagesRead more: LeBron James says he doesn’t turn on data roaming or pay for apps or music services because he’s ‘the cheapest guy in the NBA’When Pandora heard that, they offered LeBron a free premium account. Doug Pensinger/Getty ImagesBut LeBron isn’t cheap when it comes to keeping himself in proper basketball shape, as he reportedly spends more than $1.
5 million per year just to take care of his body. InstagramRead more: LeBron James takes immaculate care of his body, and the NBA world is in awe of itOne of the ways he splurges on his own body is by using a controversial cryotherapy chamber, which exposes the body to temperatures of -150 to -290 degrees Fahrenheit, to relieve pain and enhance muscle recovery. He was one of the first NBA players to use one.
An image from an Entertainment Tonight report on cryotherapy. Youtube/Entertainment TonightRead more: A 24-year-old woman was recently found dead in one of the freezing chambers that celebrities like Demi Moore swear byHe also employs a former Navy SEAL who serves as his biomechanist, a recovery coach, personal chefs, and masseuses. And he apparently works out with Mark Wahlberg.
InstagramSource: InstagramLeBron has a full gym, an ice tub, and a hot tub. InstagramFormer teammate Mike Miller: “Where a lot of people don’t do it, he puts a lot of money behind taking care of his body. A lot of people think it’s a big expense, but that big expense has allowed him to make a lot more money for a long period of time.
“Tony Dejak/APSource: Bleacher ReportLeBron also uses one of the most exclusive tattoo artists in the country, Bang Bang Tattoos in New York City, which charges a minimum of $500 per hour. Keith “Bang Bang” McCurdy’s other customers include Rihanna, Justin Bieber, and Katy Perry. Bang BangSource: Bang Bang, NPRHis lavish purchases aren’t just for himself.
He bought his wife Savannah Brinson an engagement ring reportedly worth $300,000. Instagram/LeBron JamesSource: Hollywood Life; InstagramHe also helped arrange to get former Knicks head coach David Fizdale into a Samsung commercial as a wedding gift. Fizdale even got paid, calling it “a nice little check for an assistant coach.
“SamsungUSARead more: New Knicks coach David Fizdale told a story that shows how much LeBron James cares about his teammates and coachesLeBron and Savannah are high-school sweethearts, and they have three kids together. InstagramSource: InstagramTheir wedding was a three-day party in San Diego. Instagram/LeBron JamesSource: InstagramThey went to Italy for their honeymoon.
Instagram/LeBron JamesSource: InstagramAnd later traveled to Greece. instagram/LeBron JamesSource: InstagramSavannah opened a juice bar in Miami when James was still with the Heat. @kingjamesLeBron Jr.
, better known as Bronny, is turning into quite the ballplayer himself. LeBron James wants to play with Bronny. Jay LaPrete/AP ImagesIf LeBron Sr.
decides to play for a few more years, there is a chance the two could someday play in the NBA together. LeBron has said that it’s his goal to play with his son. Kevork Djansezian/Getty ImagesLeBron has become a bit of a fashion icon.
Tony Dejak/APWell, most of the time. The other times he wears Christmas pajamas that are too small. InstagramSource: InstagramThe only time we really see him let loose is when he wins something.
. . Instagram.
. . like when he wore this awesome fang shirt at a nightclub after the Heat won the title in 2012.
. . YouTube.
. . or when he ate pizza onstage with Drake after winning it all one year later.
YouTubeEven superstars need to relax from time to time. InstagramSource: InstagramAnd like many in the NBA, LeBron has become a big fan of the vino. InstagramSource: InstagramHe’s also been known to take costume parties seriously.
He once made a cameo as Prince and did a decent “Purple Rain” lip sync. screengrab via InstagramRead more: Here’s video of LeBron James dressed as Prince for a Halloween partyBut in general he keeps himself out of the gossip pages. He even rode his bike to a game when he played in Miami.
Twitter/jackNruthSource: TwitterBut LeBron has employed his wealth and business savvy for causes bigger than just himself and his loved ones. Kevin Jairaj-USA TODAY SportsIn 2018, James opened the I Promise School, a fully-funded public elementary school in his hometown of Akron, Ohio, that primarily serves at-risk children. AP Photo/Phil LongAnd he’s poured his efforts into “More Than a Vote,” a campaign that encourages voting in the United States.
Mike Ehrmann/Getty ImagesSource: More Than a VoteThe organization even has merchandise, which James rocked before a 2020 playoff game. KingJames/InstagramSource: InstagramNow check out the house Michael Jordan is struggling to sell:Concierge Auctions; Stephan Savoia/APHere is Michael Jordan’s 56,000-square foot house in Chicago and why it is still on the market after 6 yearsRead the original article on Insider.
From: insider
URL: https://www.insider.com/how-lebron-spends-his-money-2016-6
