LeBron James’ Other Business Interests
If you’re wondering what LeBron James has invested in, you’re in luck. While he’s a basketball star and a multimillionaire, you might be surprised to learn that he has other business interests outside of basketball. This includes real estate, luxury cars, and even an ice cream company. Listed below are some of his other businesses:
LeBron James’ assets include luxury cars
Luxury cars are among LeBron James’ assets. He owns a Mercedes S650, which makes multiple appearances on social media and was recently the scene of a Frozen sing-along party. LeBron James’ personal car collection also includes a custom Lamborghini Aventador, which is the cream of the crop when it comes to luxury cars. These are truly fit for a King!
The 6.5-liter V12 engine in the Lamborghini Aventador can generate 510 kilowatts, and the car can reach 217 mph. James’ Lamborghini Aventador is valued at $670,000. A new model of the car is available for $460,247, so the value of his current car is far more impressive. Another luxury car that James owns is the Ferrari 599, which he bought for his 25th birthday. The car features an aluminum body and underpinnings. A Ferrari 599 can accelerate from zero to hundred km/h in just 3.5 seconds.
As a basketball player, LeBron James has amassed a substantial amount of money. Forbes estimated his net worth at $450 million. He has been a successful businessman and is now enjoying the fruits of his labor with luxury cars. He also has a fleet of luxury vehicles that includes 15 luxury cars worth over US$2.5 million. His fleet includes a Lamborghini Aventador, three Ferraris, two Maybachs, and a Porsche.
While LeBron James’ assets are extensive, there is one area that he spends a significant amount of time pursuing his passion for basketball. In 2011 he acquired a 2% stake in Liverpool FC, which will be worth around $32 million when sold. This investment will help kids from less fortunate backgrounds overcome many challenges in life. Besides this, LeBron James also owns three luxury homes in the USA, including a $36.8 million Beverly Hills mansion and a $22 million Brentwood mansion in Los Angeles.
Besides owning more than five million square feet of real estate, LeBron James has numerous investments. His stakes in Fenway Sports Group, The Spring Hill Company, and Blaze Pizza total more than $500 million, according to Forbes. James owns several other companies as well, including Blaze Pizza, Ride-Hailing company Lyft, and the smart fitness startup Tonal. As of January 2019, Forbes estimates that James’ net worth exceeds $500 million.
Before selling the property, LeBron James owned a $9 million home in Coconut Grove. In November 2015, he purchased a mansion worth $21 million in Brentwood, California. However, he unsuccessfully attempted to sell the property, so it remained on the market for nearly 12 months. In September 2021, the house was sold for $19.6 million. In November 2017, LeBron purchased another mansion for $23 million in Brentwood, and in September 2020, he purchased a $38 million home in Beverly Hills.
The NBA star has impressive personal finance habits, reportedly saving nearly $1 million per year. LeBron also listens to music on Pandora with ads. Besides music, LeBron doesn’t even use his cell phone’s data roaming. LeBron also enjoys a posh Bentley Continental GT. Those are just a few of his many investments. But it’s his personal finances that are truly impressive.
As for his personal investment portfolio, LeBron James has partnerships with Blaze Pizza, where he owns a 10% stake. Forbes estimates that the stake is worth $30 million. The NBA superstar has also invested in a number of companies, including Fenway Sports Group and the NBA’s Boston Celtics. In addition to these investments, he also owns multiple properties worth an estimated $80 million. The latest reports suggest that he has nearly eight million square feet of real estate, including a 13,000 square-foot Beverly Hills mansion.
Beats by Dre
The billionaire sports star has made millions of dollars through a number of business ventures. In 2014, James made a one-percent stake in Beats by Dre and sold it to Apple for $3 billion. In that same year, he made another $30 million through Beats by Dre’s stock sale to Apple. The superstar has earned more than US$500 million through Beats by Dre and other ventures.
As a spokesperson for the Beats by Dre sale to Apple, James has more than $500 million in net assets. Additionally, James also co-founded the Ladder sports nutrition company with Arnold Schwarzenegger. Previously, he talked about earning $1 billion with his endorsement deals. While the figures are hard to confirm, his earnings from Beats by Dre and Ladder have been reported to top $100 million a year.
It’s impossible to determine exactly how much James has made from his Beats by Dre and Apple deals. But one source estimates that Dre and Iovine received from the $3 billion sale. Nevertheless, it is unlikely to be that much since Dre and Iovine made bonuses from the sale. Regardless, James has made smart business decisions with Beats by Dre over the years and it is working out great for him. The company has been an important part of his financial success and has helped his family a great deal.
LeBron James’ net worth has risen to nearly $1 billion. He earned over $272 million in his NBA career and has also landed endorsement deals with Nike, Beats by Dre, and Sprite. He also has his own production company, SpringHill Entertainment, which produces sports content. In addition to the NBA, he has invested in the Blaze Pizza chain. He has even made investments in real estate.
Health and wellness company
LeBron James is a multi-millionaire, with a health and wellness company that he co-founded with a friend. The pair own more than $80 million in real estate, and James also owns a portion of the Liverpool Football Club. In 2018, James founded the health and wellness company “Ladder” and plans to invest $41 million in college tuition. In addition to investing in various startups, James is also the owner of 19 Blaze Pizza franchises in Chicago and a stake in the Boston Red Sox.
James’s personal wealth is based on his personal business interests. He has invested in Uninterrupted media, which was created after the former governor of California sneered at James. James also co-founded a health and wellness company called Ladder, which he hopes to use to send at-risk children to college. In addition to business, James has also landed a two-year deal with ABC Studios to develop a scripted television series.
James has a stake in several business ventures and is estimated to be worth $300 million. His SpringHill company produced the movie “Space Jam: A New Legacy” and made $163 million worldwide. James sold his majority stake in the company to the company for a reported $750 million. He also owns part of the Premier League’s Liverpool F.C. and a stake in ride-hailing company Lyft.
James has also begun a media company, Uninterrupted, with $15 million investment from Time Warner in 2015. He’s also teamed up with a variety of other celebrities, including Cindy Crawford and Arnold Schwarzenegger, and a health and wellness company called Ladder. In 2019, LeBron James earned $36 million through endorsements and other earnings from his health and wellness company. In 2020, he is estimated to make $60 million and earn $62 million.
Boston Red Sox equity stake
The Associated Press is reporting that the NBA star has taken a minority stake in the Boston Red Sox, but what exactly is LeBron James’ interest in Major League Baseball? The Boston Red Sox are the archrivals of the New York Yankees, and James saw an opportunity to cross over into another major sport. According to Forbes, the Red Sox are the 16th most valuable major sports franchise in the world. The current owners purchased the team for $700 million in 2002, and James’ investment in the team is likely to increase their payroll significantly in 2022.
Despite the lack of interest in Boston sports, many NBA fans are incredibly happy for the news that LeBron has bought a minority stake in the Red Sox. His investment is expected to increase the chances of him becoming a billionaire much faster. While the NBA star has not commented on the deal, he has tweeted his support of sports in New England. LeBron has purchased one percent of the Fenway Sports Group, the company that owns the Red Sox and the Liverpool Football Club. This means that, among other things, he will be directing his money toward restructuring the Boston Red Sox.
In addition to the NBA star’s new ownership of the Boston Red Sox, James has also become a minority shareholder of the team’s parent company, RedBird Capital. RedBird has invested in a variety of companies and industries, including the XFL and the YES Network. Additionally, the NBA superstar will become the first Black owner of the Red Sox, which makes a bit of sense given his own personal interests and the company’s past struggles.