Lebron James Net Worth [2021]

Lebron James Net Worth [2021]

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Lebron James Net Worth: $500M

lebron james net worth

Who Is Lebron James

Lebron James is an American basketball player who has a net worth of $500M.

He is arguably one of the greatest basketball players to have ever lived.

Lebron earns around $40M every year from the NBA and an estimated $55M in endorsements.

This brings his total yearly income to roughly $95M.

The Early Years

James was born on December 30, 1984, in Akron, Ohio, to Gloria Marie James, who was 16 at the time of his birth. 

His father, Anthony McClelland, has an extensive criminal record and was not involved in his life.

When James was growing up, life was often a struggle for the family, as they moved from apartment to apartment in the seedier neighborhoods of Akron while Gloria struggled to find steady work.

Realizing that her son would be better off in a more stable family environment, Gloria allowed him to move in with the family of Frank Walker, a local youth football coach who introduced James to basketball when he was nine years old.

James began playing organized basketball in the fifth grade.

He later played Amateur Athletic Union (AAU) basketball for the Northeast Ohio Shooting Stars. The team enjoyed success on a local and national level, led by James and his friends Sian Cotton, Dru Joyce III, and Willie McGee.

The group dubbed themselves the “Fab Four” and promised each other that they would attend high school together.

In a move that stirred local controversy, they chose to attend St. Vincent–St. Mary High School, a private Catholic school with predominantly white students.

Career

Lebron James is widely considered one of the greatest NBA players in history, James is frequently compared to Michael Jordan in debates over the greatest basketball player of all time. 

Playing for the Cleveland Cavaliers, Miami Heat, and Los Angeles Lakers, James is the only player in NBA history to have won NBA championships with three franchises as Finals MVP.

He has competed in ten NBA Finals, including eight consecutive with the Heat and Cavaliers from 2011 through 2018. His accomplishments include four NBA championships, four NBA Most Valuable Player (MVP) Awards, four Finals MVP Awards, and two Olympic gold medals.

During his 17-year career, James holds the record for all-time playoffs points, is third in all-time points, and eighth in career assists.

James has been selected to the All-NBA First Team a record 13 times, made the All-Defensive First Team five times, and has been named an All-Star 17 times, including three All-Star MVP selections.

James played basketball for St. Vincent–St. Mary High School in his hometown of Akron, Ohio, where he was heavily touted by the national media as a future NBA superstar.

A prep-to-pro, he was selected by Cleveland with the first overall pick of the 2003 NBA draft. Named the 2003–04 NBA Rookie of the Year, he soon established himself as one of the league’s premier players, winning the NBA MVP Award in 2009 and 2010.

After failing to win a championship with Cleveland, James left in 2010 to sign as a free agent with Miami. This move was announced in an ESPN special titled The Decision, and is one of the most controversial free agent decisions in sports history.

James won his first two NBA championships while playing for the Heat in 2012 and 2013; in both of these years, he also earned league MVP and Finals MVP.

After his fourth season with the Heat in 2014, James opted out of his contract to re-sign with the Cavaliers.

In 2016, he led the Cavaliers to victory over the Golden State Warriors in the NBA Finals by coming back from a 3–1 deficit, delivering the franchise’s first championship and ending Cleveland’s 52-year professional sports title drought.

In 2018, James opted out of his contract with the Cavaliers to sign with the Lakers, where he won the 2020 championship and was awarded his fourth Finals MVP.

Off the court, James has accumulated additional wealth and fame from numerous endorsement contracts.

He has been featured in books, documentaries (including winning a Sports Emmy Award for a documentary as an executive producer), and television commercials, and has hosted the ESPY Awards (including winning 19 ESPY Awards in his own right) and Saturday Night Live.

In 2015, he appeared in the film Trainwreck. James is also a part-owner of Liverpool F.C. since 2011, with the club winning the 2018–2019 UEFA Champions League and 2019–2020 Premier League.

Having become more involved in philanthropic and activist pursuits later in his career, James’s charitable organization, the LeBron James Family Foundation, helped open a school, housing complex, and community center and retail plaza in his hometown of Akron.

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.

At the current time, LeBron has earned slightly over $600 million in salaries during his career (before taxes and expenses). LeBron signed a two-year $85 million contract extension with the Lakers.

By the end of the contract in 2023, LeBron will have earned $428 million in NBA salaries.

Endorsements

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.

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.

After four seasons with The Heat, LeBron returned to Cleveland ahead of the 2014-2015 season. During his years in Cleveland, LeBron purposely chose 1-year contracts to maximize his earnings potential each subsequent season as the NBA salary cap rose.

In 2016, fresh off winning the NBA championship, LeBron signed a three-year $100 million deal with the Cavs. In the first year he made $23 million.

In the second year he made $30.963 million, which also made him the highest-paid player in the league for the first time in his career. In the third year of the deal he made a league-leading $33.285 million.

Ahead of the 2018-2019 season, LeBron moved from the Cavs to the Lakers with a four-year $153 million deal that pays an average annual salary of $38 million.

In November 2020 LeBron and the Lakers announced a two-year $85 million contract extension that will keep him with the team through 2023. That works out to $42.5 million per year in base NBA salary.

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.

Top 5 Lebron James Quotes

You have to be able to accept failure to get better. – Lebron James

lebron james quotes

Don’t be afraid of failure. This is the way to succeed. – Lebron James

lebron james quotes

But sports carried me away from being in a gang, or being associated with drugs. Sports was my way out. – Lebron James

lebron james quotes

Dream as if you’ll live forever. Live as if you’ll die today. – Lebron James

lebron james quotes

I’m going to use all my tools, my God-given ability, and make the best life I can with it. – Lebron James

lebron james quotes

Summary

Lebron James is an American basketball player and his net worth stands at $500M.

He is arguably one of the great basketball players to have ever played the game.

He earns roughly $95M a year from playing basketball and other endorsements.

As of 2021, Lebron James’ net worth is $500M.

What do you think about Lebron James’ net worth? Leave a comment below.

Disclaimer: This information is correct to the best of our knowledge. If you think any information is incorrect about Lebron James’ net worth, let us know and we will update it. Info has been collated from Wikipedia & Celebrity Net Worth.

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