What is LeBron James's Net Worth?
|Name: LeBron James|
Born: December 30th, 1984
Company: Cleveland Cavaliers
Position: NBA Player
LeBron James currently has a net worth of an estimated:
LeBron James is one of the most recognizable athletes in the world.
"King James", who currently plays for the Cleveland Cavaliers, was formerly one of the most polarizing personalities in the NBA (National Basketball Association).
Lebron left Cleveland in 2010, drawing the ire of fans from around the sports world, not just in Cleveland.
However, there was "Redemption" for Lebron James when he announced his return to Cleveland on July 11th, 2014. Lebron, citing a need to return to his roots, revealed via a Sports Illustrated article that he would be leaving the Miami Heat to return to the Cleveland Cavaliers.
Lebron James already rakes in an estimated $50 million/year in sponsorship dollars, but his reunion with the Cavaliers will likely propel his earnings even higher into the stratosphere.
When considering Lebron's net worth, let's start with his salary.
Here is his salary history since entering the NBA:
2003-04 - $4,018,920
2004-05 - $4,320,360
2005-06 - $4,621,800
2006-07 - $5,828,090
2007-08 - $13,041,250
2008-09 - $14,410,581
2009-10 - $15,779,912
2010-11 - $14,500,000
2011-12 - $16,022,500
2012-13 - $17,545,000
2013-14 - $19,067,500
Lebron opted out of his contract with the Miami Heat and inked a two year, $42.2 million deal with the Cleveland Cavaliers in July of 2014. James could have signed a four year deal with the Cavaliers but he elected to keep it to two years so that he could take advantage of an expected increase in the league's salary cap.
Lebron's deal with the Cavaliers will be the first "max" deal that he will have signed since debuting in the league in 2003.
LeBron James also makes roughly $50 million per year in endorsements - not a surprise, given that he is one of the biggest names in the game. Nike, Coke and McDonald's are just some of the blue chip sponsors that LeBron James has, with Nike reportedly paying "King James" $15 million per year. Not a bad deal when you consider that LeBron sells over $100 million worth of sneakers for Nike each and every year. In addition, LeBron also regularly has the best-selling jersey in the league.
What was LeBron's impact on the Miami Heat and their business when he played for their team? In a word - massive.
According to Forbes, the Miami Heat had a value of $364 million prior to signing LeBron to his much-publicized deal. In their most recent analysis of NBA teams, Forbes assigned a value of $625 million to the Heat, for an increase of well over $250 million in just a couple of years. The Miami Heat's revenues reportedly increased over 25% during James' time with the club.
Now that James has re-signed with the Cavaliers, the club has become an instant contender and will see its value skyrocket literally overnight. Increased ticket sales, increased jersey sales and vastly more valuable local TV deal rights will increase the value of the Cavs by hundreds of millions of dollars overnight.
Despite making over $20 million/year, Lebron James is undervalued in terms of the value that he brings to the franchises that he plays for. There is a reason why every single owner in the league wants Lebron on their team. There is a general consensus that LeBron is worth at least $50 million per year to the team that he plays for.
Photo: Keith Allison
Also Known As:
LeBron James is worth 1,940 times more than the median US household
If LeBron James sold everything that they owned, they could fund the United States' deficit spending for 0 days.
Note: Net Worth changes calculated at 4 pm EST daily
The net worth pages are strictly for entertainment purposes only. The information on these pages is based on speculation and shouldn't be construed as being accurate in any way.
By: Dave Manuel