What is LeBron James’ net worth?
| net worth: | $1.2 billion |
|---|---|
| age: | thirty-nine |
| date of birth: | December 30, 1984 |
| gender: | male |
| high: | 2.05 m (6 ft 9 in) |
| country of origin: | USA |
| Source of wealth: | Professional NBA Player |
| Last updated: | August 8, 2024 |
LeBron James is an American professional NBA player who plays for the Los Angeles Lakers and has an estimated net worth of $1.2 billion.
During his career, LeBron has won several NBA championships and multiple MVP awards, earning himself the nickname “King James.” He has also written books, starred in movies and television shows, owned restaurants and clubs, and created a foundation that has donated millions of dollars to help children across the United States get better educations.
His work ethic is legendary. LeBron once told NBA fans that he didn’t want to be remembered as just a great basketball player; he wanted to be recognized as a person who impacted the world. James is considered one of the best players in basketball history, second only to the great Michael Jordan. By all accounts, LeBron will be remembered as one of the greatest athletes and people of all time.
Career Overview
In 2003, the Cleveland Cavaliers selected James as the No. 1 pick. At the time, he was the youngest No. 1 pick in NBA draft history and one of only two players to be selected out of high school.
His first season was incredible. He set the NBA record for most points scored in his first game and was named Rookie of the Year.
Over the next few seasons, LeBron shot to stardom, making his first All-Star Game appearance and winning multiple Most Valuable Player awards.
In June 2010, LeBron announced that he would leave Cleveland and sign a six-year, $110 million contract with the Miami Heat. ESPN covered the decision in a one-hour special, The Decision.
In his first season in Miami, James helped the Heat reach the NBA Finals, where they lost to the Dallas Mavericks in six games. The following year, he won his first NBA championship as the Heat defeated the Oklahoma City Thunder in five games.
James won his fourth NBA Most Valuable Player Award in 2013. In 2013, the Heat defeated the San Antonio Spurs in seven games and James won his second consecutive championship.
He played for the Miami Heat for four seasons, but in 2014, LeBron James decided to return to the Cleveland Cavaliers. Led by LeBron James as the team’s leading scorer, the Cavaliers won the NBA championship in 2016 and 2017.
It wasn’t until 2018 that LeBron left the Cavaliers and joined the Los Angeles Lakers as a free agent, signing a four-year, $154 million contract. James has won too many awards to list, but you can see some of his highlights below.
Income and salary
| Year | team | salary |
|---|---|---|
| 2005/06 | Cleveland Cavaliers | $4,621,800 |
| 2006/07 | Cleveland Cavaliers | $5,828,089 |
| 2007/08 | Cleveland Cavaliers | $13,041,250 |
| 2008/09 | Cleveland Cavaliers | $14,410,581 |
| 2009/10 | Cleveland Cavaliers | $15,779,912 |
| 2010/11 | Miami Heat | $14,500,000 |
| 2011/12 | Miami Heat | $17,545,000 |
| 2012/13 | Miami Heat | $19,067,500 |
| 2013/14 | Miami Heat | $19,067,500 |
| 2014/15 | Cleveland Cavaliers | $20,644,400 |
| 2015/16 | Cleveland Cavaliers | $22,970,500 |
| 2016/17 | Cleveland Cavaliers | $30,963,450 |
| 2018/19 | Los Angeles Lakers | $35,654,150 |
| 2019/20 | Los Angeles Lakers | $37,436,858 |
| 2020/21 | Los Angeles Lakers | $39,219,565 |
| 2021/22 | Los Angeles Lakers | $41,180,544 |
| 2022/23 | Los Angeles Lakers | $44,474,988 |
| 2023/24 | Los Angeles Lakers | $47,607,350 |
| Total career income: | $444,013,437 | |
NBA Salaries
When LeBron James first signed with the Cleveland Cavaliers in 2003, he was offered a four-year, $18.8 million rookie contract. If inflation is taken into account, the contract would be worth $32.1 million. James made $4 million in his first season in the NBA, with his salary gradually increasing to $5.8 million in the final year of his contract.
In 2007, LeBron signed a four-year, $60.4 million contract extension with the Cavaliers. Between 2007 and 2010, his average annual salary was $15 million.
In 2010, LeBron signed his first nine-figure contract, a six-year, $109.8 million sign-and-trade between the Cavaliers and the Miami Heat. However, only $64 million of the contract value was guaranteed, which is what LeBron earned from the contract.
James’ contract included an early termination option, which he exercised after the fourth year. This allowed him to earn $64 million over four years. This period of James’ career is known as “The Decision,” and many criticized him for leaving the Cavaliers for Miami.
LeBron opted out of his contract two years early and signed a two-year, $42.2 million contract with the Cavaliers. He played one season, earned $20.6 million, and then declined the contract option. James re-signed with the Cavaliers for a slightly higher salary, earning $23 million in 2015.
In 2016, LeBron signed his second nine-figure contract, worth $100 million over three years. James made $31 million for Cleveland in 2016 and $33.3 million in 2017. He only earned $64.2 million of the contract value before declining the third-year option.
In 2018, LeBron signed his third nine-figure contract, the highest value contract of his career, when he moved to the Los Angeles Lakers. James signed a four-year, fully guaranteed contract worth $153.3 million with the Lakers, increasing his average annual salary to $38.3 million.
The final year of the agreement was canceled to allow James to negotiate a new two-year, $85.6 million extension.
In 2023, he signed a two-year, $99 million veteran extension, which almost became his fourth nine-figure contract. Finally, in 2024, LeBron officially signed his fourth contract, which was worth more than $100 million. His current contract is a two-year, $101 million agreement, and he is expected to make $48.7 million this year when he enters his 40s.
This figure will be the highest annual salary of his career; if he does not decide to retire, his salary will reach approximately $52.6 million by 2025.
LeBron is the only player in NBA history to sign four nine-figure contracts.
During his NBA career, LeBron James has earned a total salary of $479.5 million, with an additional $101 million guaranteed.
Endorsement
LeBron’s impressive endorsement portfolio includes Coca-Cola, Nike, Beats By Dre, Intel, Kia Motors and Blaze Pizza. His most recent endorsement deal is with Verizon’s mobile TV service.
The Lakers star reportedly signed a three-year contract with the company, which will pay him around $30 million to promote the service on social media platforms such as Snapchat and Twitter.
LeBron also has business investments, including Liverpool Football Club (a small stake), Blaze Pizza (which his partial ownership helped turn into a $1 billion brand), and Uninterrupted, the digital media company he founded.
LeBron also owns production companies SpringHill Entertainment and The Robot Company, through which he has produced films like Space Jam 2, starring him and Bugs Bunny; television shows like Survivor’s Remorse; documentaries like I Promise; Sprite soda commercials; YouTube content, and more.
In addition to his off-court income from endorsements, business ventures, investments and production companies, James is also known for his philanthropic work. In 2017, he pledged to provide scholarships to graduates of the I Promise School in Akron, Ohio, through the LeBron James Family Foundation.
LeBron James Net Worth
When we first reported LeBron’s net worth in 2019, it was estimated at $440 million. Since then, his salary has increased by $172 million. His income from sponsorships and endorsements now exceeds his salary, with his earnings from sponsorships approaching $350 million since 2019. James is the only active NBA player listed as a billionaire by Forbes.
In 2024, LeBron James’ net worth has reached a staggering $1.2 billion.
More current/former Cleveland Cavaliers players:
emphasize
Here are some key highlights from LeBron James’ career:
- 3 NBA Championships (2012, 2013, 2016)
- 3-time NBA Finals MVP (2012, 2013, 2016)
- 4-time NBA Most Valuable Player (2009, 2010, 2012, 2013)
- NBA Rookie of the Year (2004)
- NBA scoring champion (2008)
- Olympic gold medalist (2008, 2012)
- NBA All-Rookie First Team (2004)
- NBA All-Star Game MVP (2006, 2008)
Summary
LeBron James is undoubtedly one of the best NBA players of all time, and the attention and awards he has received are proof of that. With a net worth of $1.2 billion, LeBron James is also one of the highest-paid athletes in the world.
Yet, his influence on the game of basketball has made him a legend to an entire generation of players and fans. LeBron is more than just “King James.” He’s a cultural icon and a national hero. He’s a celebrity even outside of basketball.
However, none of this would have been possible if LeBron hadn’t taken it upon himself to better himself and continue to improve as a player and person throughout his illustrious career.
He is a true inspiration to all aspiring athletes and proves that with hard work and dedication, you can overcome any obstacle that comes your way in life.
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Categories: Net Worth
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