Le Bron James is today known as a professional American Basketball player and entrepreneur by a lot of sports enthusiasts. He reached this point but he had a lot of ups and downs in his life. Le Bron skipped his college and played his first game in the 2003 NBA draft which was by his hometown team, none other than Cleveland Cavaliers. In today’s time, James has a net worth of $ 500 million.
Early Life
Le Bron James has his hometown in Akron, Ohio, and was born on December 30, 1984. Le Bron developed a zeal for the sport while he was just an infant and since then, has been playing it with full zest. He first gave it a real shot in his elementary school and rose up immediately. He was the youngest kid to ever join the USA Today All ISA first team.
He did this while he was just a sophomore at St. Vincent- St. Mary High School. He was given the name of the Gatorade National Player Of the year while he was in his junior year and was also called as “King James”. He soon showed his appearance on the covers of the SLAM magazine and Sports Illustrated.
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LeBron has set many records with being the youngest player to score a total of 40 points in a single game, being the youngest player to be voted Rookie of the year, winning bronze and gold medals while playing for the United States Olympic Basketball team in 2004 and 2008 respectively. He also won the 2012 and 2013 NBA Championship.
Personal Life
James has three children and is married to Savannah Brinson. He owns a $9 million mansion in Coconut Grove in Miami and a mansion worth $21 million in LA’s Brentwood Neighborhood. Another one for $23 million which he bought recently in November 2017. He is the owner of one of the most expensive homes in Cleveland and his custom home is worth $9.5 million.
Career
He started with a huge $126 million during his first 10 years playing in the NBA and yet another $326 million from brand endorsements. His Lakers contract extension summed up his NBA salaries to $428 million.
His endorsement deals are with companies like Microsoft, McDonalds, State Farm, Beats by Dre, Coca- Cola, Dunkin Donuts, Baskin Robbins, Samsung, Nike, and so on. He received a payment of $1 million during his year as a spokesman and a cut of $30 million when Apple bought the company for $3 billion.
He also signed an endorsement with Nike which was worth $1 billion and was for a lifetime. This was done in December 2015 and was the first lifetime deal of Nike.
LeBron James Net Worth
Le Bron has a net worth of $500 million and in this, he earns an annual salary of $40 million from the NBA. $55 million comes from brand endorsements. He earned $86 million, $85.5 million, and $85 million from June 2016 to June 2019 every year respectively.
Contracts
Le Bron’s first contract paid him an amount of $18.8 million which was paid to him over a period of 4 years. Then he signed an extension with the Cavs with which he received a payment of $60 million over a period of three years. The television special- The Decision got James a payment of $6 million which he gave for charity.
After four long seasons with the Heat, Le Bron returned to Cleveland. He maximized his earning potential each season by choosing a 1-year contract as the NBA salary cap in Cleveland.
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He then later signed a deal with the Cavs which extended for a term of three years and paid him an amount of $ 100 million in 2016. This was made when he won the NBA championship. In the first year he made a total of $23 million and in the second, he made a total of $30.963 million.
In the first time of his career, this made him the highest paid player in the league. He made another $33.285 million in the third year. He signed another four year deal later in 2018-19 which amounted to $153 million. This deal was made with the Lakers and his annual salary was $38 million. Another two year extension with the Lakers was announced by him later. This was a $ 85 million contract and paid him $42.5 million as an annual salary.
Conclusion
“You can’t be afraid to fail. It’s the only way you succeed – you’re not gonna succeed all the time, and I know that.” – LeBron James. LeBron James is an idol for a lot of sportspersons today.
