The Secrets That Helped LeBron James Become a Billionaire (And Have Nothing to Do With Playing Basketball) The Los Angeles Lakers star and NBA legend recently hit his billionaire milestone -- making him the first player to join the club while still being active on the courts.

By Madeline Garfinkle • Oct 10, 2022 Originally published Jun 3, 2022

LeBron James has a habit of breaking records, and not just on the court. After a particularly profitable year (following an exceptionally successful career thus far), James raked in upwards of $1.2 billion in pretax earnings, giving him a net worth of $1 billion, 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.

How did LeBron James make his money?

This is a subscriber-only article. Join Entrepreneur+ today for access

Learn More Log In

Most Popular

See all

Devices

Get This 4-in-1 USB-C Charger for Apple Devices for $19.99

Get this useful, lightweight charger for a great price (regularly $29).

By Entrepreneur Store

Business Solutions

Get MS Office for Mac and Rosetta Stone for $199.99 (reg. $518)

Boost your skills and take advantage of these lifetime deals on sale for a limited time.

By Entrepreneur Store

Business News

'Please Fix This': Elon Musk Frantically Emails Employees During Livestream Glitch

Musk attempted to livestream his visit to the U.S.-Mexico border.

By Emily Rella

Leadership

A Guide to Effective Crisis Leadership — Key Steps to Lead Your Team Through Turbulent Times

The essential strategies and skills required to be a successful crisis leader and guide your organization through difficult times.

By Stephen Nalley

Personal Finance

5 Entrepreneurial Mindset Principles That Empower Financial Literacy

Adopting the right mindset is key to financial literacy. Follow these five guiding principles to enhance your understanding of wealth creation and growth.

By Ben Sever