LeBron James

LeBron James has reached a goal he set for himself years ago, becoming the first active NBA player to have a net worth of $1 billion, according to Forbes.

Off the court, James starred in "Space Jam: A New Legacy" and, according to Forbes, sold a minority stake in his production company, SpringHill, at a $725 million valuation. • More than $500 million from cash and investments. "And if I happen to get it, if I happen to be a billion-dollar athlete, ho.

According to Forbes, LeBron James' net worth has officially reached $1 billion. The lion's share of his wealth comes from his business ventures and ...

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LeBron James has achieved billionaire status thanks to investments in areas such as food, entertainment and sports franchises.

And if I happen to get it, if I happen to be a billion-dollar athlete, ho. He also has won two Olympic gold medals. LeBron James has added another title to his collection: billionaire.

Forbes said that the Los Angeles Lakers star has "maximized his business," generating more than $1.2 billion in pretax earnings. His NBA salary from three ...

And if I happen to get it, if I happen to be a billion-dollar athlete, ho. said that the Los Angeles Lakers star has "maximized his business," generating more than $1.2 billion in pretax earnings. The four-time NBA champion also has investments in fitness startup Tonal, ridesharing company Lyft and eatery upstart Blaze Pizza.

LeBron James is in the billionaires' club, according to Forbes, which pegs the Lakers star's net worth at $1 billion.

But the one thing we all wanted to do: We wanted to work. Said that I was making a huge mistake by bringing in my friends to run the business side of what we wanted to do,” James said of the founding of SpringHill. “And we used that as motivation. We were all learning on the fly.

The 37-year-old Los Angeles Lakers star is the first active NBA player to become a billionaire, according to Forbes, which ranks the wealth of athletes, ...

"And if I happen to get it, if I happen to be a billion-dollar athlete, ho. While basketball great Michael Jordan is also a billionaire, he didn't achieve that standing until years after he retired from the game, Forbes noted. "I want to maximize my business," he said at the time. James reportedly paid less than $1 million for a 10% stake in the pizza chain in 2012, which has grown to more than 300 locations in North America, according to Forbes. His cut of the ownership is worth about $30 million, the magazine estimates. Last year, he sold a stake in the business to investors including Nike and Epic Games, giving the business a $725 million valuation, according to Forbes. James remains the largest single shareholder, although his current stake in the company is believed to be less than 50%, the publication added. James parlayed his $385 million in earnings from the Cleveland Cavaliers, Miami Heat and Los Angeles Lakers as well as $900 million in income from endorsements and other business ventures into a portfolio of investments and holdings, according to Forbes.

The Los Angeles Lakers star and former Miami Heat legend has officially become the first NBA athlete to hit billionaire status while still playing in the league ...

And if I happen to get it, if I happen to be a billion-dollar athlete, ho. James is only one of two basketball players to ever hit a net worth of ten digits — with Michael Jordan being the first, a status he reached nearly a decade after retiring his jersey. And yet, as demonstrated by other billionaires, the status rarely comes from one stream of revenue. LeBron James has a habit of breaking records, and not just on the court. James' billionaire status didn't happen overnight, and some could argue that his first step towards skyrocketing success was with his very first brand deal, which he signed in 2003 with Nike at age 18. Aside from being the NBA's highest paid player, James has accrued more than $900 million from endorsements and various business ventures.