LeBron James’ Less Than $1M Investment in Blaze Pizza Now Worth Between $35M & $40M
It was reported earlier in July that a LeBron-backed pizza chain opened its 200th franchise and became the fastest-growing chain in U.S. history—going from two to 200 restaurants in just four years.
It only gets better.
The Cleveland Cavaliers superstar owns roughly 10 percent of Blaze Pizza, and after putting less than $1 million into the pizza chain in 2012, his stake in the restaurant is now worth between $35 million and $40 million, according to ESPN’s Darren Rovell.
Maverick Carter, James’ business partner, went on to explain how he and James’ are trying to expand James’ financial portfolio.
“LeBron and I have always been about finding companies that we truly believe in and putting real money into them,” Carter said, per Rovell. “We’re not talking putting in $15,000 or $20,000. It’s real money plus the expertise, understanding and knowledge that we bring as well as bringing LeBron’s name and likeness to the product.”