Lebron James Net Worth $480 Million Dollars
Lebron James Annual Salary $100 million dollars
LeBron James Net Worth: LeBron James is a professional basketball player and entrepreneur who has a net worth of $480 million.
Every year, LeBron James earns around $40 million in salary from the NBA and roughly $55 million from endorsements. That brings his total annual income to roughly $100 million. Between June 2016 and 2017, LeBron earned $86 million. Between June 2017 and June 2018, LeBron earned $85.5 million. Between June 2018 and June 2019 he earned another roughly $85 million.
Lebron James Net Worth
Career Earnings: During his first 10 seasons in the NBA, LeBron James earned just over $126 million in salary alone. During that same time period LeBron earned an estimated $326 million from endorsements. That’s $452 million from his first decade as a professional. As of this writing, LeBron has earned slightly over $600 million during his career (before taxes and expenses).
Endorsement Deals: LeBron has endorsement deals with dozens of companies including McDonalds, Microsoft, State Farm, Beats by Dre, Coca-Cola, Dunkin-Donuts, Baskin Robbins, Samsung, Nike and more. In addition to endorsing Beats by Dre, LeBron also owned 1% of the company. He earned royalty payments totaling $1 million during his years a spokesman. When the company sold to Apple for $3 billion, LeBron’s cut was $30 million.
Nike Deal: LeBron signed his first Nike endorsement deal at the age of 18. The deal paid $90 million over seven years, $12.8 million per year. He actually was offered $115 million to sign with Reebok. Today LeBron earns $20 million per year from Nike in the form of salary and royalty payments for his signature shoe line.
In December 2015, LeBron signed a lifetime endorsement deal with Nike that ultimately could be worth more than $1 billion. It is the very first lifetime deal Nike had ever offered and reportedly the largest deal in the company’s history.
Contracts: As most people know, LeBron skipped college and went straight to the pros as the first pick of the 2003 the NBA draft by his hometown team, the Cleveland Cavaliers. His first contract paid $18.8 million over 4 years. He signed a three year $60 million extension with the Cavs before the 2007-2008 season that upped his annual salary from $5.8 million to $13 million, $14.4 million and finally $15.8 million for the 2009-2010 season. Heading into the 2011 season, LeBron infamously announced his intention to leave Cleveland for Miami with a televised special called “The Decision”. While he would be derided for the seemingly arrogant television special for years, “The Decision” raised roughly $6 million for charity. When LeBron moved to Miami, he took a lower-than-market rate of $110 million over six years. He did this because he (rightly) predicted he could win an NBA Championship in Miami along with Chris Bosh and Dwyane Wade. In his first season with The Heat he actually earned $1.2 million LESS than what he was making in Miami.
Lebron James Biography
LeBron James was born on December 30, 1984 in Akron, Ohio. When LeBron was just an infant his mother gave him a miniature hoop and basketball which he played with for hours. Soon, basketball became LeBron’s life and when he was old enough to play for his elementary school he excelled immediately on the court.
LeBron attended St Vincent-St Mary high school where, as a sophomore, he became the youngest person ever to join the USA Today All USA first team. In his junior year he was named the Gatorade National Player of the Year. It was also around this time that he became known as “King James”. James began to appear on the cover of “SLAM” magazine and Sports Illustrated even though he was still in high school. It was clear to everyone that LeBron was destined to be an NBA superstar.
LeBron James Net Worth
Lebron James is currently one of the richest and most influential NBA Player, With an estimated net worth of $480 million dollars