LeBron James is the most famous athlete in the history of the US. He is arguably the most famous athlete in the world. To put it another way: LeBron James is the biggest name in sports. Since LeBron James was drafted first overall by the Cleveland Cavaliers in 2003, James has become the most dominant basketball player in the world. James has won four NBA titles (and one MVP award), he is a six-time NBA All-Star, he has been named the league’s Most Valuable Player twice, and he has been the subject of countless magazine cover stories, newspaper columns, television show appearances, and television commercials.
LeBron James is a professional basketball player who plays for the Miami Heat. He is a 6’8″ (202cm) tall point guard, and he is the best basketball player on earth. In recent years, he has won two championships, two MVPs, and a league MVP award. He has also made $346.2 million (€308m) playing professional basketball.LeBron James is known for his on-court success with the Los Angeles Lakers, but he has achieved nearly just as much off the court. James’ business endeavors have helped him create a wealth that’s built on much more than just his basketball income.
In fact, that off-court wealth could grow significantly in the near future. James’ SpringHill Company, an entertainment and production business he owns with longtime friend Maverick Carter, could soon be a part of a massive $750 million deal.
What makes James’ off-court success so impressive is that he has done it with his best friends.
While Rich Paul has become one of the most successful agents in sports, and Randy Mims is James’ chief of staff, Carter has been James’ business partner for years.
Together, James and Carter raised $100 million from investors in 2020 to consolidate their trio of businesses into one entity, SpringHill Co., according to Variety. The trio included their production company, SpringHill Entertainment, their digital-media firm, Uninterrupted, and their marketing agency, Robot Co.
Of the big-time projects the three companies have been a part of are Space Jam: A New Legacy, HBO’s The Shop, and NBC’s The Wall.
LeBron James attends the premiere of ‘Space Jam: A New Legacy’ on July 12, 2021. | Axelle/Bauer-Griffin/FilmMagic
Just over a year after consolidating their three businesses, James and Carter are reportedly looking to sell part of SpringHill Co.
While the discussions with possible investors are in early stages, the valuation could be as high as $750 million, according to Deadline. SpringHill is reportedly not wanting to sell its business outright but is looking at selling potential minority or majority equity stakes, per Variety.
Among the potential investors in discussions with James and SpringHill is Nike. James, of course, has a longtime partnership with Nike, as he signed with the athletic brand company at 18 years old. He later signed a lifetime deal with the brand in 2015. Nike has also collaborated with Uninterrupted on various consumer products.
No matter what company or investor James, Carter, and SpringHill strike a deal with, going from raising $100 million to selling at least part of your company for $750 million in just one year is pretty incredible. It’s only going to increase James and Carter’s already significant net worths, too.
LeBron James would already be wealthy as it is if his only income was his NBA salary with the Lakers. James earned $39.2 million in 2020-21 with LA and has made over $35 million in each of his three seasons with the Lakers, per Spotrac. Overall in his career, James has made $346.2 million on the court.
However, James makes even more off the court. In endorsements alone, James makes an estimated $65 million per year, according to Forbes. This, of course, doesn’t include the income of his companies like SpringHill. All this success financially has helped James rack up an estimated $500 million net worth.
Carter, on the other hand, has racked up an estimated $50 million net worth.
Although James clearly has some of his focus on his off-court endeavors, he isn’t done making money on the court. He is set to make over $40 million in each of the next two seasons with the Lakers.
James’ stellar production when healthy this past season could also lead to him making even more cash in the NBA for several more years. In 45 games with the Lake Show in 2020-21, James averaged 25.0 points, 7.7 rebounds, and 7.8 assists per game.
James is known as one of the best basketball players of all time. But given his success inside and outside the NBA, he could also go down as one of the most successful financially.
Stats courtesy of Basketball Reference; Net worth numbers courtesy of Celebrity Net Worth
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