Regarded as the greatest NBA player in history, LeBron James is the four-time NBA champion and four-time NBA Finals MVP. As of 2020, he has an estimated net worth of $500 million. Reportedly, he earns around $40 million as a salary from the NBA and roughly $55 million from endorsements alone.
Born on December 30, 1984, LeBron was signed by Los Angeles Lakers in 2018. Superstar guard/forward is a four-time recipient of the NBA MVP award. Keep reading further to know more about how much the superstar player earns and how he does it.
| Name | LeBron James |
| Birthday | December 30, 1984 |
| Age | 35 years |
| Gender | Male |
| Height | 2.06 m |
| Weight | 113 kg |
| Nationality | American |
| Profession | Basketball player |
| Parents | Gloria Marie James & Anthony McClelland |
| Net Worth | $500 million |
| Salary | $100 million per year |
| Married/Single | Married |
| Wife | Savannah Brinson |
| Children | LeBron James Jr, Bryce Maximus & Zhuri |
| Education | St. Vincent -St Mary High School |
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LeBron James net worth and salary 2020
As reported by the celebrity net worth, LeBron has a staggering net worth of $500 million with an annual salary of $100 million. As an NBA player, he receives $40 million as a salary.
In 2018, he signed a four-year contract with the Los Angeles Lakers worth $154 million. Although it may sound like a lot that’s just only a portion of his total income.
In addition to that, LeBron has signed lucrative endorsement deals with companies including McDonald’s, Microsoft, Coca-Cola, Dunkin-Donuts, Samsung, Nike, and many more. The superstar player who has almost a billion followers all over his social media channels would naturally attract brands.
An endorsement deal with Nike sneakers
Outside the basketball arena, the superstar NBA player makes a fortune from his endorsement contract with Nike to produce LeBron’s signature sneakers. As claimed by Forbes, the company pays him a whopping $32 million annually.
Since NBA players have a pivotal influence on fashion and pop culture, they naturally become brands first preferred choice. No wonder, they get paid heftily for striking endorsement deals. On top of that, when a player is as huge as LeBron, companies don’t waste time on a bargain.
At just 18, LeBron signed his first endorsement deal with Nike. As crazy as it sounds, their association has gone on to last forever. Towards the end of 2015, LeBron even signed a lifetime deal with Nike worth over a billion dollars. It means that LeBron would have to promote their brand even after his retirement.
LeBron James earnings as an entrepreneur
LeBron is without a doubt the highest-paid NBA player of all time. However, there’s a number of income sources contributing to his $500 million net worth. He is known to sign shorter-term deals to maximize his earning potential. Apart from his NBA career and endorsement deals, LeBron also has ventured out as an entrepreneur.
When Blaze Pizza was just in its infancy stage, LeBron invested heavily in them. As of now, they have become the second-fastest-growing pizza chain in the whole United States. He holds the largest portion of its shares and 17 of its franchises.
In 2014, he made a staggering profit of $30 million when Apple agreed to buy beats music. He is also the co-founder of the production company called SpringHill Entertainment which produces movies, documentaries, and television shows.
LeBron James Family Life
LeBron is married to his high-school sweetheart, Savannah Brinson. Apart from being known as the superstar’s wife, she also happens to be an Instagram star. Together, they have three children; LeBron Jr, Bryce Maximus, and Zhuri.
Despite dating for a lengthy period of time, LeBron only proposed to Savannah on December 31, 2011. The duo tied the knot on September 14, 2013, in San Diego California.
Even after all these years, the couple appears to be happily married and very much in love.
LeBron James Luxury houses and possessions
LeBron may have led a rough childhood but that didn’t stop him from becoming the global NBA star he is today. Basically, he lives a life king size today. He deserves every bit of it as the superstar has worked for it.
Reportedly, LeBron owns several luxury homes including the $36.8 million Beverley Hills Mansion. In November 2015, he bought a 9,350 square-foot mansion in LA’s Brentwood neighborhood worth $21 million. Again in November 2017, he purchased yet another $23 million mansions in Brentwood.
Is LeBron James a billionaire?
The answer to that question is, Not yet. Although his career earnings are well over a billion-dollar, that does not mean that he has that kind of money right now. He will become a billionaire over his entire career.
Basically, his endorsement contract with Nike alone would bring the NBA superstar a billion-dollar income in his lifetime. Now add that with his on-going NBA salary, endorsement deals with other high-end companies, his earnings as an entrepreneur, and also his emerging career as an actor.