NBA star Lebron James has chalked another milestone as he turns billionaire.
According to Forbes, Lebron James currently has a net worth of $1 billion.
According to Forbes, the Los Angeles Lakers player has “maximised his business,” with pretax earnings of more than $1.2 billion.
James’ NBA salary has totalled $383 million over the last 19 years with three different clubs, while he has “raked in upwards of $900 million in cash through sponsorships and other commercial ventures,” according to the magazine.
Along with lucrative endorsement deals with Nike (NKE), AT&T (T), PepsiCo (PEP), and Walmart (WMT), Forbes reported that James arranged his deals to incorporate equity in those businesses, allowing him a “share of the upside rather than a quick payment.”
The four-time NBA champion has also invested in Tonal, a fitness business, Lyft, and Blaze Pizza, a fast-growing restaurant.
SpringHill Entertainment, a TV and film studio valued at about $300 million by Forbes, is another lucrative venture for James. The studio assisted in the production of “Space Jam: A New Legacy,” a film in which he appeared and which grossed $163 million worldwide.
James has always wished to be a billionaire. In a 2014 interview, he said:
“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.”