Forbes: LeBron James' Net Worth Close to $1B; to Break NBA Earnings Record This Year

LeBron James is nearing billionaire status.

Forbes reported James is set to rake in an NBA-record $111.2 million this season between his on-court and off-court earnings, pushing him closer to reaching the $1 billion net worth mark. Michael Jordan is the only basketball player to previously reach that number.

James is also only the 10th athlete to top $100 million in a single year, joining Lionel Messi, Cristiano Ronaldo, Neymar, Dak Prescott, Tiger Woods, Floyd Mayweather Jr., Manny Pacquiao, Roger Federer and Conor McGregor.

His $111.2 million year-over-year earnings tops his own previous record for an NBA player ($96.5 million), which was set in the fiscal year ending this May. 

James continues to make most of his money off the basketball court, with his endorsement deal with Nike paying out $32 million per year alone. He's also continued to expand his multimedia portfolio with the SpringHill Company, which now has a valuation of $725 million after James and his business partner Maverick Carter sold a minority stake in the company.

The 36-year-old also starred in the successful reboot of Space Jam, which has made $161.8 million worldwide at the box office.

James previously became the first person to top $1 billion in career earnings in any of the four major United States sports leagues while still an active player.