Things did not go well for LeBron James and his Lakers on the court this season, as the team finished with a 33-49 record and missed out on the playoffs. Off the court, it was a different story for King James, as according to Forbes Magazine, he raked in a cool $121.1 million in 2021.
That massive annual income has now pushed LeBron’s net worth over the $1-billion-mark, making him the only active NBA player in the 10 digit club. Michael Jordan has also reached this milestone in his career, but unlike LeBron, it occurred well after he retired from the NBA.
Although James has made huge money with his basketball contracts, a large portion of his wealth actually comes from his endorsements and other business ventures.
He has a lifetime contract with Nike which pays him a boatload of cash. LeBron also co-founded Springhill Company, which is an Entertainment Development and Production Company said to be worth hundreds of millions. Throw in his stake with Fenway Sports Group as well as Blaze Pizza, just to name a few, and it’s no surprise that James joined the Billionaires Club.
Fans and haters were quick to respond to the news on Twitter.