X

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

Tyler Conway@@jtylerconwayFeatured Columnist IVOctober 16, 2021

Los Angeles Lakers forward LeBron James shoots against the Sacramento Kings during the first quarter of an NBA preseason basketball game in Sacramento, Calif., Thursday, Oct. 14, 2021. (AP Photo/Randall Benton)
AP Photo/Randall Benton

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.

🚨 SPORTS NEWS ➡️ YOUR INBOX

The latest in the sports world, emailed daily.