LeBron James is an American professional basketball player and entrepreneur who has a net worth of $500 million. After setting the high school basketball world on fire, LeBron skipped college and was drafted as the #1 pick by his hometown team, the Cleveland Cavaliers, in the 2003 NBA draft.
Annual Income
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.
Career Earning
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.
Endorsement Deal
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
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.
Contract
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.
Will LeBron James Be A Billionaire?
Within the next decade, but more on that in a moment. Before he becomes a net worth billionaire, LeBron first must join the billion-dollar athlete club. That club currently has six members:
LeBron James Net Worth:$500 MillionLeBron James' Salary$100 Million Per Year