LeBron James is an American professional basketball player and is compared with the legend Michael Jordan. The player has already played with Cleveland Cavaliers, Miami Heat and is a current member of Los Angeles Lakers. He has played around 10 NBA finals for which he has received various awards. The player is also an entrepreneur and LeBron James Net Worth 2021 is $ 500 million. He gets $40 million as a salary from his game and $55 million from his endorsement, each year. His annual income goes to around $100 million.
LeBron James Career Earnings and Contracts:
In the first 10 years of the player’s career, he earned $452 million. Out of which $126 million was his NBA salary and $326 million from the endorsement. The player has extended his contract by two years of $85 million and when it expires in 2023, he is to earn $428 million as his NBA salary.
James started playing for NBA in 2003 with his hometown team Cleveland Cavaliers. The first contract was signed for $18.8 million for four years which paid him $5.8 million annually. Later he took an extension for 3 years which paid him $60 million and his salary rose to $13 million. When he left his hometown team, he was making $15.million annually. He joined Miami by taking the low rate of $110 million for six years. In 2018, he moved to Lakers with a contract of $153 million for four years and an average annual salary of $38 million. The player has extended his contract with the Lakers till 2023.
LeBron James Endorsement
The player has done endorsement of many brands. These brands are Nike, Microsoft, McDonald’s, Beats by Dre, Coca-Cola, Dunking Donuts, Samsung, etc. In his deal with Beats by Dre, the player owns 1% of the company and earned a royalty of $1 million when he was the spokesperson of the brand. Later, when the company was sold to Apple, he earned $30 million. He signed his first endorsement deal with Nike at 18 years of age. This deal offered him $90 million for seven years. The player has a signature shoe line with Nike for which he earns $20 million as salary and royalty payments. In 2015, he signed a lifetime endorsement deal with the brand which would be worth more than $1 billion.
LeBron James Business and Property
The player contents many luxurious properties; they are his $9 million worth of family mansion in Coconut Grove, $21 million mansions in Brentwood, LA. He has one more mansion in the same neighborhood worth $23 million. In Ohio, he owns the most expensive house worth $9.5 million in Cleveland. This property was brought when he was 18 and just started NBA in 2003.
The player along with his business partner Maverick Carter owns a production house named SpringHill Entertainment. He has 21 franchises of one of the fastest-growing restaurant chains, Blaze Pizza. Which has an evaluation worth $40 million. The player also has a 2% stake in Liverpool F.C. James stake is worth $40 million.
Until we come back with more updates, you can check our other articles. For More News Stay tuned with Herald Journalism.