LeBron James Net Worth
LeBron James Net Worth: $130,000,000
Related Net Worths: Kobe Bryant, Michael Jordan, Dwyane Wade, Kevin Durant, Drake
Sources: Cleveland Cavaliers, Miami Heat, Nike, McDonald’s, Samsung, Coca-Cola, State Farm, Audemars Piguet, Dunkin’ Donuts
LeBron Raymone James, a.k.a. “King James,” is an NBA small forward and power forward. With a net worth of $130 million, he is one of basketball’s richest and most decorated players.
In addition to his two NBA Championships in 2012 and 2013, he has also won four NBA Most Valuable Player Awards, two NBA Finals MVP Awards, two Olympic gold medals, an NBA scoring title, and the NBA Rookie of the Year Award.
In 2012-13, James’ salary reached a career-topping $17.8 million. Add to that the $42 million he made from his multiple endorsement deals in 2012 and 2013, and James brought home just under $60 million last season. In 2013, Forbes magazine ranked him at number four on their list of World’s Highest-Paid Athletes.
James has had an extremely successful (if not controversial) NBA career, and is also known as the NBA’s “biggest endorsement star.” Here’s a closer look at what makes James the King.
James made his NBA debut in 2003 with the Cleveland Cavaliers, who drafted him as their first pick. He went on to win the Rookie of the Year award that season, averaging 20.9 points, 5.9 assists, and 5.5 rebounds per game.
The next season, at only 20 years old, James became the youngest player in league history to record a triple-double. His superstar status was then confirmed when he was selected for the 2005 All-Star Game.
His career with the Cavaliers would last until 2010. This tenure included a number of awards and accomplishments, which James topped off in 2009 and 2010 by winning two consecutive MVP awards.
Move to Miami Heat with Wade and Bosh
James became a free agent in 2010, and shocked fans and critics when he announced his decision to join the Miami Heat after his free agency. It later became clear, however, that this was not a spur-of-the-moment decision, but had been planned far in advance by James, along with his two close friends and fellow 2003 draft class members Dwayne Wade and Chris Bosh.
After signing with the Heat, James revealed to the press that joining Wade and Bosh has been a longtime dream of his, and that the three had been planning on teaming up for months.
But while James may have achieved a personal dream with this move, signing with the Heat actually cost him in terms of earnings. While his contract would have allowed him to demand maximum salary under the collective bargaining agreement, he actually took a pay cut for the 2010-11 season in order to allow Miami to afford the high price of signing Bosh and Wade as well.
James was widely criticized for his move to Miami by critics, fans, and players alike. Many people came out against him publicly, including former NBA stars Michael Jordan and Magic Johnson.
On top of that, LeBron’s haters list grew to include people like Cavaliers owner Dan Gilbert, who published an aggressive open letter to James denouncing his actions, as well as legions of angry fans, who recorded videos of themselves burning James’ jersey.
James later expressed some remorse over his decision, but said that he was still happy with the way it turned out.
Back-to-back Championships and Finals MVP Awards
After a somewhat disappointing 2010-11 season for the Heat, James came back with a vengeance, leading his team to two consecutive NBA Championships in 2012 and 2013. His efforts also earned him back-to-back Finals MVP awards.
On top of earning a healthy salary, James also brings home millions in endorsement deals each year. His endorsements include deals with Nike, McDonald’s, Samsung, Coca-Cola, State Farm, Audemars Piguet, and Dunkin’ Donuts. His first endorsement deal with Nike, which he signed right after finishing high school, pocketed him $90 million.
In 2013, James earned his first video game cover when he appeared on the cover of NBA 2K14. On top of being 2K14’s star player, James was also asked to curate the game’s soundtrack, which includes songs by Big K.R.I.T., Drake, Jay-Z, Kanye West, and Kendrick Lamar.
Article by Andre Williams. Connect with him on Google+