LeBron James' Less Than $1M Investment in Blaze Pizza Reportedly Reaches $25M

Joseph Zucker@@JosephZuckerFeatured ColumnistJuly 25, 2017

OAKLAND, CA - JUNE 12:  LeBron James #23 of the Cleveland Cavaliers talks to the media after the game against the Golden State Warriors in Game Five of the 2017 NBA Finals on June 12, 2017 at ORACLE Arena in Oakland, California. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, user is consenting to the terms and conditions of Getty Images License Agreement. Mandatory Copyright Notice: Copyright 2017 NBAE (Photo by Jack Arent/NBAE via Getty Images)
Jack Arent/Getty Images

In addition to being one of the greatest players ever to step on a basketball court, Cleveland Cavaliers star LeBron James has proved to be a shrewd businessman away from the game.

ESPN.com's Darren Rovell reported Monday that James stands to gain at least $25 million for his roughly 10 percent stake in nationwide chain Blaze Pizza. James collaborated with others to invest less than $1 million in the company in 2012.

According to Rovell, Blaze Pizza recently sold a percentage of the company to a private equity firm, valuing the company at $250 million.

James' financial stake could also climb to $35 million or $40 million when he receives endorsement payments that are part of his deal with Blaze Pizza.

In April 2016, Blaze Pizza was named the fastest-growing restaurant chain in the United States.

Maverick Carter, James' business partner, explained that he and the four-time NBA MVP are constantly looking for ways to expand James' financial portfolio.

"LeBron and I have always been about finding companies that we truly believe in and putting real money into them," Carter said, per Rovell. "We're not talking putting in $15,000 or $20,000. It's real money plus the expertise, understanding and knowledge that we bring as well as bringing LeBron's name and likeness to the product."

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James famously made $30 million from the $3 billion sale of Beats Electronics to Apple.

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