LeBron James net worth, salary and his sources of wealth in 2020 analysed.
|Net Worth:||$480 Million|
|Basic Salary:||$37.44 million per year|
|Date of Birth:||December 30, 1984|
|Age:||35 years old|
|Source of Wealth:||Professional Basketball Player, TV Producer, Voice Actor, Screenwriter|
LeBron James is an American basketball player who plays in the National Basketball Association for the Los Angeles Lakers. Touted as one the best in the sport, he is seen as an eminent candidate for the title of Greatest of All Time in basketball. His stellar performance over the course of his 17 years career has drawn comparison to NBA great, Michael Jordan. His amiable basketball antics, which centres largely on his incredible build, speed and accurate jumps have seen him feature in 8 successive NBA Finals, a record number. But James has been able to see things through to glory on three of those 8 occasions.
Aside from his record appearance in the NBA Finals, James holds a number of significant records in the league. He currently ranks as the player with the most points in the NBA playoffs. An exceptional sportsman, LeBron James has set the bar high for what an incredible basketball career is like. With more years ahead of him in the NBA, we can only imagine the record, LeBron James can achieve in the NBA.
With an emphasis on LeBron James net worth in 2020, we briefly summarise the wealth his career has created for him. Other major highlights in this article include his early life, career summary, career highlights, salary, endorsements and sponsorships, luxury lifestyle, houses, vehicular assets and of course, our takeaways from LeBron James net worth and rise to fame.
Born to Anthony McClelland and Gloria Marie James, LeBron James had a really difficult childhood. His father was greatly involved in crime and didn’t care to be involved in the life of his son. His mother, who was a teenager when he was born, precisely age 16, was left with the task of raising LeBron. Living with limited financial resources, LeBron and his mother had to frequently relocate to various apartments in Akron, Ohio. Aside from this, his mother found it difficult to find stable employment.
At the age of 9, LeBron James was introduced to basketball by Frank Walker, who was a football coach in Akron. His mother on seeing, LeBron will fare better in a stable family permitted LeBron to move in with Frank Walker and his family. James played basketball at Amateur Athletic Union (AAU), where he forged a formidable squad will three if his friends, which earned them the nickname Fab Four.
He attended a high school dominated by whites, but LeBron right from his freshman days had begun to impress. Throughout his time at St. Vincent-St. Mary High School, he earned several awards such as his sophomore year Ohio Mr Basketball, his junior year, Gatorade National Player of the Year. He also led his school to divisional success on three occasions. LeBron also played high school football. LeBron who didn’t play in his senior year in high school has been speculated by NFL coaches, players and critics, that he could have played in the league.
Career Summary & Contracts
LeBron entered the 2003 NBA Draft and was chosen as the draft first overall pick by the Cleveland Cavaliers. LeBron then signed a $12.9 million three years deal with the franchise. Right from his debut season, LeBron had begun to show that he’ll be a force to reckon in the league. He earned the first-ever Rookie of the year award by a Cleveland Cavaliers player. It was until his 2006 season, that LeBron achieved a new level of fame in the NBA. In his second NBA All-star appearance, LeBron earned the All-star game MVP award and emerged second in the league MVP voting.
After his amazing 2006 season, James signed a four-year deal with the Cavaliers worth $60.3 million. After his 2007 Eastern Conference championship win, LeBron had his eyes set on the NBA Championship. Though he didn’t achieve his goal in the 2008, 2009 and 2010 seasons, LeBron claimed the MVP awards in the 2009, 2010 season for his impressive performance.
After about 6 seasons with no championship win with the Cavaliers, LeBron sort to move to the Miami Heats, a decision which sparked criticism for the star. LeBron thus became one of the most disliked athletes in the US. He penned a six-year deal worth $110 million. In his first season with the Heats, he came close to winning his first NBA Championship, but the Dallas Mavericks proved to be a tough side. Ahead of the 2012 season, LeBron trained with Hakeem Olajuwon and this proved to be greatly beneficial for him as he went on to win two successive NBA Championship in the 2012 and 2013 seasons. LeBron was also named the Finals MVP.
His 2012 and 2013 seasons vaulted him to a new level in his career as he recorded enormous success which includes winning the championship, NBA Finals MVP and NBA MVP award. He attempted to claim a Fourth NBA title, but San Antonio Spurs triumphed. After his 2014 season, LeBron James signed with the Cleveland Cavaliers for a two years deal worth $42.2 million. At Cleveland, James forged an attacking trio with Kevin Love and Kyrie Irving. After a failed attempt to end the Cavaliers NBA Championship drought in the 2015 season, LeBron eventually succeeded in the 2016 season. He was named the finals MVP.
After an injury-riddled 2017 season and an ill-fated 2018 season, LeBron bowed out of the Cavaliers squad, this time with no criticism. Throughout his second stint with the Cavaliers, LeBron appeared in the NBA Finals. In 2018, LeBron James penned a $153.5 million four-year deal with the Los Angeles Lakers. The 2019 season marked the first time in the second decade of the 21st century that he didn’t play in the NBA Finals. LeBron began his 2020 campaign on an impressive note claiming significant several victories.
Below are some of the best LeBron James’ career highlights.
- NBA champion (2012, ’13, ’16)
- NBA Finals Most Valuable Player (2012, ’13, ’16)
- NBA Most Valuable Player (2009, ’10, ’12, ’13)
- NBA All-Star (2005–2020)
- NBA All-Star Game MVP (2006, ’08, ’18)
- National Champion (2003)
- OHSAA Champion (2000, ’01, ’03)
- Naismith Prep Player of the Year (2003)
- Gatorade National Player of the Year (2002, ’03)
- USA Today High School Player of the Year (2002, ’03)
- Ohio Mr Basketball (2001, ’02, ’03)
LeBron James Net Worth 2020
LeBron James net worth is valued at $480 million in 2020, which ranks him as one of the richest NBA players as well as richest athletes in the world. In fact, the Los Angeles Lakers star is the richest active playing basketball player with his net worth of $480 million. His fortune has seen a notable increase in less than two years. In 2018, Forbes reported the star was worth $450 million. With his increasingly expanding businesses and endorsement portfolios coupled with his exorbitant paychecks in the NBA, it’ll only be a matter of time before he crosses the $500 million mark.
Aside from his basketball and endorsements, LeBron James net worth is boosted by his other notable sources of income, which include various business endeavours. His business ventures include a minority stake in English Premier League club, Liverpool, more than a dozen franchises of Blaze Pizza and co-ownership of movie production company SpringHill Entertainment which produced The Wall, More than a Game, Becoming and the animated series The LeBrons. In 2015, LeBron who owned a minority stake in Beats by Dre made about $30 million following the company’s acquisition by the tech giant, Apple.
LeBron James Salary 2020
LeBron James ranks as one of the top-earning acts in the NBA. Throughout his 17 years career, he has earned about $300 million in salary. For the 2019/20 season, LeBron James’ salary is expected to be $37,436,858 which ranks him as the most paid forward and sixth highest-paid star in the NBA. LeBron James is also the highest-paid Lakers player as of 2020.
LeBron James Endorsements & Sponsorships
LeBron James is the NBA Player with the most endorsement deals. Fresh from high school, LeBron James was in the centre of an endorsement tussle between Adidas, Nike and Reebok. He signed with Nike for about $90 million over the course of 7 years, which translates to about $12.8 million per year. This amount was noticeably lower from what Reebok offered — $115 million. In 2015, James signed a lifetime deal with Nike which was valued at over $1 billion. As of 2020, Nike pays James as much as $20 million per year for his signature shoe lines.
LeBron James currently has endorsement and sponsorship deals with KIA Motors, Coca-Cola, RIMOWA and Beats Electronics.
LeBron James Luxury Life
LeBron James owns a $23 million mansion in Brentwood. The mansion has 8 bedrooms, 11 bathrooms, a terrace patio, an onyx bar, a spare, an exorbitant outdoor pool, a cigar room, a game room, a home theatre and an outdoor kitchen.
James also owns another Mansion in Summit County. His mansion in Ohio has 6 bedrooms, 8 bathrooms, a sports bar, a bowling alley, a recording studio. LeBron James bought the house in 2003 and developed it to his taste.
If you expect a man like LeBron James with a net worth of $480 million to have a private jet, you wouldn’t be wrong. James is a proud owner of a Gulfstream G280 Jet, which is valued at about $22 million.
LeBron James cars collection include a Lamborghini Aventador Roadster, a Bentley Continental GT, a Hummer H2, a Chevrolet Camaro SS, a Kia K900, a Porsche 911 Turbo S, a Jeep Wrangler Rubicon, a Rolls- Royce Phantom, and a Maybach 57S.
2 Takeaways from LeBron James Wealth, Success & Fame
With LeBron James net worth valued at $480 million in 2020, the interesting story surrounding his rise to fame, success and how he became wealthy, here are 2 amazing lessons to learn from the NBA star.
1. Never let your background hinder you
Despite coming from an extremely poor background, LeBron James never looked back at his poor childhood but rather used that as a motivation to succeed.
2. Hard work is key
Most NBA players display the supreme quality of hard work. Unlike most of his peers, LeBron began playing basketball at the age of 9. Despite this, LeBron made up for the time he didn’t spend playing the sport by training hard and regularly and soon he became even more successful than players who have been playing the sports right from their infant years.
In 2020, LeBron James net worth is estimated to be $480 million, which ranks him amongst the richest NBA players and also the richest athletes in the world. His annual salary of $37.44 million places him among the highest-paid NBA players right now. James’ net worth is also boosted by his business involvements as well as endorsement deals with brands such as Nike, KIA Motors, Coca-Cola, RIMOWA and Beats Electronics. The sources of LeBron James wealth are majorly from his profession as an athlete (professional basketball player) and also as a TV producer, voice actor and screenwriter.
LeBron James rise to success is a great source of inspiration for not just aspiring athletes but pretty much anyone, especially those from poor backgrounds.
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