LeBron James is one of the most celebrated players in basketball. He made his professional debut in 2003 playing for the Cleveland Cavaliers. Since then, LeBron has gone on to set many records and win multiple awards for club and country. Today, he is the only player in NBA history to record at least 34,000 points, 9,000 rebounds, and 9,000 assists. In addition to setting many records, he has amassed a lot of wealth. So, what is LeBron James net worth in 2020?
"In the next 15 or 20 years, I hope I'll be the richest man in the world. That's one of my goals. I want to be a billionaire." It is a quote with which many of LeBron's fans are familiar. He said these words in an interview with the Associated Press in December 2005 as a 20-year-old.
While he is not the richest man in the world today, he has made a lot of money that has enabled him to help the poor and build a school for the vulnerable. But is LeBron James a billionaire? To answer this question, it is important to look into LeBron James net worth and how he has accumulated his wealth over the years.
How much is LeBron worth right now?
According to Celebrity Net Worth, LeBron James has a net worth of $480 million. His fame and fortune all come from his play on the basketball court. Although LeBron James is not a billionaire, he has made a lot of money off the basketball court through endorsements and smart investments.
LeBron James yearly earnings
To get a clear picture of how LeBron James net worth has grown over the years, it is important to look at his yearly earnings. His professional career has seen him sign major contracts with some of the biggest teams in the NBA. Here is a breakdown of LeBron James salary for the various teams he has played for since 2003.
In 2003, LeBron James was still a high school basketball phenomenon. He then became the number one overall pick in the NBA Draft and signed his first pro contract with the Cleveland Cavaliers. The superstar agreed to a 3-year deal worth $12.96 million. In his first season with the team, he received an annual salary of $4,018,290.
In his second season with the Cleveland Cavaliers, he received a salary of $4,320,360. He made to the list of the All-NBA Team, a first in his career. It is worth noting that in this season, the expectations were very high for LeBron and he was included in his first All-Star selection. However, the Cavaliers didn't perform as many had hoped.
His salary increased slightly in the 2005-2006 season. The 6 foot 9 inches player received a total of $4,621,800 in cash earnings. The earnings reflected LeBron James' performance on the court as he was the team's leading scorer. He was also selected for the All-NBA first team.
LeBron James extended his contract with the Cleveland Cavaliers in 2006. It was a three-year deal worth $60 million. That meant he would play for the Cavs through the 2009-2010 season. In the 2006-2007 season, he received a salary of $5,828,090.
His salary increased significantly in the 2007-2008 season. That came as a result of extending his contract with the Cavs. He received $13,041,250 that year. LeBron also achieved several milestones and won awards such as the MVP of the NBA All-Star Game.
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In the 2008-2009 NBA season, LeBron James' salary increased by over $1 million to $14,410,581. He was named the NBA Most Valuable Player and he became the youngest player to ever reach 11,000 career points. In addition, he became the first Cavs player to reach 11,000 points.
In his final year with the Cavs, LeBron received a salary of $15,779,912. The season saw him win his second MVP award. LeBron also became the all-time scoring leader for the team with 15,251 points.
After his contract with the Cleveland Cavaliers in 2010, he became a free agent. In June 2010, he signed for the Miami Heat on a 6-year deal worth $110.1 million. During the 2010-2011 season, he received a salary of $14,500,000, which was a decrease from the $15,779,912 he had received the previous year.
This year saw LeBron selected for the NBA All-Star game. On a personal level, he became the youngest player to ever reach 18,000 points. Despite his achievements, salary reduced during this season. The Miami Heat paid him $12,896,159.
After two seasons of reduced wages, LeBron James' annual salary increased to $17,545,000. He also ranked first in the All-NBA Team. This season will be remembered as LeBron James' best season ever as his team won 66 games and managed a 27-game winning streak.
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In his final season with the Miami Heat, James received $19,067,500 in annual wages. After playing for four seasons with the basketball team, he had earned a total of $64,008,659 in cash. This season will always be remembered for LeBron's franchise-high and career-high points in a game that came against the Charlotte Bobcats.
In January of the 2014-2015 NBA season, the NBA MVP returned to play for the Cavs for the second time in his career. He agreed to sign a two-year contract worth $42.2 million. His annual wages for that year amounted to $20,644,400.
In the 2015-2016 season, his cumulative salary was $22,970,500. However, the year was marked with several off-court controversies where LeBron was accused of playing a role in the firing of the Cavaliers' head coach at the time. Despite the negativity that surrounded him, he still helped his team to 57 wins.
The 2016-2017 season was not the best for the NBA star. He experienced a lot of injuries that forced him to miss several games. Nevertheless, he received $30,963,450 in salary. James even described the season as the 'strangest' in his career in the NBA.
His final season with the Cavs saw him receive $33,285,709 in annual wages. And after playing a total of 11 seasons for the Cleveland Cavaliers, James took home $169,884,342 in salary from the basketball team.
At the age of 33, LeBron James signed a 4-year deal with the Los Angeles Lakers worth $154 million. Although he missed a career-high of 17 consecutive games due to groin injury, his salary was $35,654,150.
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Despite the COVID-19 pandemic, James had a guaranteed salary of $37,436,858 based on his initial agreement with the Los Angeles Lakers. For the first time in his career, he ended the 2019-2020 season as the league leader in assists.
Since he had signed a 4-year deal with the LA Lakers, the structure of the agreement is that he will receive $39,219,565 and $41,002,273 for the 2020-2021 and 2021-2022 seasons respectively. But as of 2020, he has taken home a total of $73,091,008 from the Lakers.
For the 17 seasons LeBron James has played in the NBA, he has received estimated total earnings of $306,984,009 from three teams.
LeBron James endorsements and investments
LeBron James has a long list of endorsements and investments. Many brands sponsor him because of his vast marketability and popularity. Although he makes a lot of money in the form of salaries as an NBA player, it does not match the amount he makes from endorsements.
As of October 2020, for example, Forbes estimates that his salaries and winnings accumulated to $28.2 million. However, he made $60 million from endorsements alone, which is slightly double the amount he receives from the NBA. In December 2016, Forbes listed him in America's Richest Entrepreneurs Under 40 with a net worth of $275 million.
James is an ambassador to many brands and has appeared in many commercials promoting different types of products, including shoes and food. LeBron James endorsement deals list and investments include:
LeBron James has signed several deals with Nike ever since he became a professional basketball player. His first one was on 22 May 2003 worth $90 million over seven years. He then resigned with the same company in 2010 in a deal worth $30 million a year.
In 2015, he signed a lifetime deal with Nike. Although nobody knows the value of the agreement, some have hinted it is worth $1 billion. So, how much does LeBron make a year from Nike? Per Forbes, he receives $32 million annually from the apparel and shoe company.
In 2008, the NBA MVP took a small stake in Beats Electronics while it was in its inception. He used to promote the company by wearing its headphones. In 2014, he took home more than $30 million in cash and stock after Apple bought the company for $3 billion.
James invested $1 million in Blaze Pizza back in 2012 and got a 10% stake in the company. In 2017, his investment was worth $25 million. The corporation has more than 300 stores in America and it is still growing.
In 2002, James received a $1 million signing bonus from Upper Deck. He agreed to a 5-year deal worth $1 million per year. The deal saw LeBron release some of his signed merchandise exclusively on the platform.
In October 2013, LeBron agreed to an undisclosed multi-million dollar deal with KIA Motors. He started by promoting the KIA K900. Later on, he released a video through his digital platform, Uninterrupted, where he announced the 2019 LeBron James Stinger GT.
Other endorsements include:
When calculating LeBron James endorsements worth, ESPN estimates he has received more than $765 million from business interests. That includes investing sizeable portions of his earnings in Liverpool FC, SpringHill Entertainment, and Uninterrupted.
LeBron James cars
LeBron James has an impressive collection of some of the most expensive cars in the world. While some have come from endorsement deals, he has bought the majority of these cars. Some of the vehicles in his collection include:
- 1975 Chevy Impala: $31,620 (2020 Price)
- 2010 Chevy Camaro SS: $25,000 (2019 Camaro)
- 2015 Kia K900: $60,000
- 2018 Maybach S650: $198,700
- Bentley Continental GT: $218,400 (2018 model)
- Dodge Challenger SRT: $77,945 (2019 SRT)
- Ferrari 458 Spider: $245,000 (2015)
- Ferrari 599: $310,543
- Ferrari F430 Spider: $217,310 (2009)
- Lamborghini Aventador Roadster: $670,000 (LeBron’s Custom), $460,247 (2019 Model)
- Mercedes-Benz Maybach 57 S: $376,300 (2012)
- Porsche 911 Turbo S: $190,700 (2019)
In 2009, LeBron received a birthday gift from Shaquille O'Neal. It was a Rolls-Royce Phantom, whose price as of 2020 is estimated to be around $450,000.
LeBron James houses
The NBA MVP has three houses. While playing for the Miami Heat, he lived around Coconut Grove, South Florida. After his contract expired, he moved to play with the Cavs and sold the house for $13.4 million in 2015.
In 2020, he bought a Mediterranean-style compound in the Beverly Hills Post Office area worth $36.75 million. He also has a pair of homes in Brentwood. One of the houses is 15,846 square feet worth $23 million purchased in 2017. The other is a 9,440 square feet mansion worth $21 million bought in 2015.
As of 2020, Lebron James net worth is $480 million. The NBA MVP has accumulated his wealth from years of earning a salary as a professional basketball player, businessman, investor, and ambassador to leading brands. Since the beginning of his career, he has taken home more than $300 million in wages and over $700 million in endorsement deals and other business interests.
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