LeBron James net worth: How the king of the NBA makes and spends his millions

LeBron James net worth: How the king of the NBA makes and spends his millions
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  • LeBron James is a four-time champion, four-time MVP, 18-time All-Star, and soon to be the highest-paid NBA player of all-time.

  • James signed a two-year, $97 million contract with the Lakers that will pay him $50 million in 2024-25.

  • Thanks to his NBA salary and lucrative endorsement deals with the likes of Nike and Beats by Dre, James lives a lavish lifestyle off the court.

  • Visit Insider's homepage for more stories.

On the court, LeBron James has earned four NBA MVP awards, four NBA championships, and 18 All-Star nods in his illustrious 19-year career.

That stacked resumé has paid off big time — after agreeing to a two-year, $97 million contract extension with the Lakers, he is set to become the highest-paid player of all-time.

He is equally relentless of the court, signing a lifetime endorsement deal with Nike worth more than $1 billion — a move that was so big it is more like the merger of two corporations.

As a result of his success on and off the court, James has amassed amazing cars and houses and still has time for his surprisingly ordinary family. King James is also well on his way toward his goal of becoming a billion-dollar athlete.

Check out how he spends his money below:

Tony Manfred and Emmett Knowlton contributed to this report.

LeBron James is one of the most accomplished players in NBA history.

Getty/John McCoy

He's also one of the wealthiest.

lebron james.JPG
Kim Klement-USA TODAY Sports

LeBron has made $387.3 million during his 19-year NBA career.

lebron james
David Zalubowski/AP Images

Source: Spotrac

James signed a two-year, $97 million extension with the Lakers, meaning he'll earn $141 million over the next three years.

LeBron James smiles while running down the court in 2022.
LeBron James.Luis M. Alvarez/AP Images

The extension will make James the highest-earning player of all-time, with $532 million.

LeBron James looks up during a game in 2021.
Mark J. Terrill/AP Images

Source: ESPN

But in addition to his NBA salary, LeBron also made roughly $90 million in endorsements off the court.

lebron kia
YouTube/Kia Motors America

Source: Sportico

He led all athletes with $126.9 million in on- and off-court earnings in 2021.

LeBron James poses at a move premiere.
Chris Pizzello/AP Images

Source: Sportico

His endorsements include Walmart, Intel, Kia, and more.

Getty/Streeter Lecka

He has a longtime sponsorship with Beats by Dre, and even gifted headphones from the brand to players on his favorite college football team.

lebron beats
AP Photo/Charles Krupa

Read more: LeBron James gave the entire Ohio State football team new $350 Beats headphones, and it's not an NCAA violation thanks to a loophole

He also has a monster deal with Nike.

LeBron James Nike
Steve Dykes/AP

Read more: "LeBron James just signed the biggest endorsement deal in Nike history"

The company signed him to a seven-year, $93 million deal right out of high school.

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And in December 2015, Nike signed him to a lifetime deal that will go far beyond the standard shoe endorsement and is expected to be worth $1 billion.

lebron james
Visual China Group via Getty Images/Visual China Group via Getty Images

He's active on Instagram. It's estimated that he makes about $428,000 per sponsored Instagram post.

LeBron James smiles while sitting in a chair and looking at his phone.
Nathaniel S. Butler/NBAE via Getty Images

Source: The Hustle

James used to have an endorsement deal with McDonald's, but he gave up $15 million in choosing not to renew it in 2017.

Screen Shot 2020 09 29 at 2.45.22 PM
Brandon McNulty/McDonald's/YouTube

Source: Forbes

Instead, he became a spokesman for Blaze Pizza, a company where he was a founding investor.

Lebron James Blaze Pizza
Screenshot via Blaze Pizza/YouTube

Read more: LeBron James has turned his back on McDonald's to bet on a Chipotle-style pizza chain

He made a similar move in 2021 when he left longtime sponsor Coca-Cola — or Sprite — for a deal with rival PepsiCo and its Mountain Dew brand.

Aaron Davidson/Getty Images for Sprite

Read more: LeBron James jumps ship from Coca-Cola to PepsiCo and will be the face of a new Mountain Dew drink

James is an investor in Lobos 1707 tequila.

LeBron James Lobos 1707 Tequila
A bottle of LeBron James' Lobos 1707 TequilaLobos 1707

Economists have estimated he was worth as much as $500 million to the city of Cleveland.

LeBron James
LeBron has ditched his signature chalk toss.AP/Bill Kostroun

Source: Time

So when he left the Cavaliers to join the Los Angeles Lakers in the summer of 2018, it was a huge blow.

lebron james cleveland banner
AP Photo/Mark Duncan

He's also quite the businessman himself.

LeBron James
Getty/Doug Pensinger

He owns a piece of Liverpool FC, the esteemed English Premier League club.

LeBron James at Liverpool FC
AP Images

Source: Sporting News


LeBron bought a 2% stake in the team for about $6.5 million.

LeBron James at Liverpool FC
Liverpool FC

Read more: LeBron James' $6.5 million investment in Liverpool FC is already paying off big time

His share has grown to be worth about $32 million.

LeBron James at Liverpool FC
AP Images

He doubled down in 2021, buying into Fenway Sports Group to become a part-owner of the Boston Red Sox.

lebron red sox.JPG
REUTERS/Adam Hunger

Read more: LeBron James is now a part-owner of the Boston Red Sox, adding to his already impressive investment portfolio

Though he was previously an outspoken fan of the Red Sox's bitter rivals — the New York Yankees.

lebron yankees
AP Photo/Amy Sancetta

Warren Buffett said of LeBron, "He's savvy. He's smart about financial matters. It's amazing to me the maturity he exhibits."

lebron james.JPG
Kim Klement/USA TODAY Sports/Reuters

Source: Sporting News

In 2015, LeBron's media venture, Uninterrupted, got $16 million from Warner Bros.

LeBron James Amy Schumer
Duane Prokop/Getty

Source: Bloomberg

James started a production company called SpringHill. He sold a "significant" stake in a deal where it was valued at $725 million.

LeBron James wears sunglasses and looks to his right.
Christian Petersen/Getty Images

Source: Deadline

SpringHill produced "Space Jam: A New Legacy," which he also starred in.

space jam a new legacy warner bros
Warner Bros.

Read more: LeBron James reveals the latest details of the much-anticipated 'Space Jam 2'

LeBron got into a bizarre feud with Nick Saban over the rights to air a show that involves people talking about current events in a barbershop.

LeBron James

Read more: LeBron James and Nick Saban are engaged in a bizarre feud over barbershop conversations and neither is backing down

He and Arnold Schwarzenegger are part of a group that invested in Georgetown Company and Bill Ackman's office building in Hell's Kitchen.

787 Eleventh Avenue
Google Maps

Read more: LeBron James and Arnold Schwarzenegger own part of Bill Ackman's office building

Despite persistent rumors that LeBron owns a stake in Klutch Sports Agency with his longtime friend, Rich Paul, the NBA says that is not the case.

Rich Paul and LeBron James
Erika Goldring/Getty Images for Remy Martin

Source: NBC Sports

He also helped design a $51,000 watch.

Lebron James
Youtube Screen Grab

Source: Forbes

All that savvy has allowed him to buy some sweet toys. He and Dwyane Wade have matching Porsches. It's unclear who has which color.

wade lebron cars

Bron also owns a Porsche 918 Spyder, which he was spotted driving on the highway with the top down.


He also owns a Rolls-Royce Phantom with TVs in the seats.

2018 05 25_12 23 10
Instagram/LeBron James

Source: Instagram

And he bought his mom a Porsche for her birthday.

2018 05 25_12 27 43
Instagram/LeBron James

Source: Instagram

And a Ferrari Testarossa for his wife.

LeBron James

Source: Instagram

But he insists that he drives a Kia, even to work. But to be fair, his custom K900 luxury sedan is not your typical Kia.

LeBron James Kia

Even the wheels have his personal logo.

LeBron James car

But he does own a Ferrari.

LeBron Ferrari
The World Cars/YouTube

Source: CheatSheet

James also promoted the Hummer EV, the first electric Hummer.

LeBron James test-drivers the new Hummer EV.
via GMC/YouTube

LeBron also has a much bigger vehicle with customized headrests and a big-screen TV on which he likes to watch Tom & Jerry.

LeBron James car

When he joined the Miami Heat, he bought a $9 million home in Coconut Grove. He sold it for a $4 million profit.

lebron house

Read more: LeBron James just sold his Miami mansion for $4 million profit

He also owns a 30,000-square-foot compound in his hometown of Akron, Ohio. In the past, he's hosted Thanksgiving there for his entire team.

2018 05 25_12 37 37
Instagram/LeBron James

Source: Instagram

And in 2017 he purchased a $23 million mansion in Los Angeles that has 10 bedrooms and an onyx bar.

LeBron James House

Read more: LeBron James' teammates call him 'the cheapest guy in the NBA' — but he just bought a $23 million mansion in Los Angeles

Despite all the spending, Dwyane Wade once called James "the cheapest guy in the NBA." LeBron said that was "so, so, so, so falsely true."

lebron wade

James won't even use his phone if it is not on wifi: "No, I'm not doing that. I'm not turning on data roaming, I'm not buying no apps, I still got Pandora with commercials."

LeBron James and Savannah Brinson
Christian Petersen/Getty Images

Read more: LeBron James says he doesn't turn on data roaming or pay for apps or music services because he's 'the cheapest guy in the NBA'

When Pandora heard that, they offered LeBron a free premium account.

LeBron James
Doug Pensinger/Getty Images

But LeBron isn't cheap when it comes to keeping himself in proper basketball shape, as he reportedly spends more than $1.5 million per year just to take care of his body.

LeBron James

Read more: LeBron James takes immaculate care of his body, and the NBA world is in awe of it

One of the ways he splurges on his own body is by using a controversial cryotherapy chamber, which exposes the body to temperatures of -150 to -290 degrees Fahrenheit, to relieve pain and enhance muscle recovery. He was one of the first NBA players to use one.

cryotherapy vegas
An image from an Entertainment Tonight report on cryotherapy.Youtube/Entertainment Tonight

Read more: A 24-year-old woman was recently found dead in one of the freezing chambers that celebrities like Demi Moore swear by

He also employs a former Navy SEAL who serves as his biomechanist, a recovery coach, personal chefs, and masseuses. And he apparently works out with Mark Wahlberg.

LeBron James

Source: Instagram

LeBron has a full gym, an ice tub, and a hot tub.

LeBron James

Former teammate Mike Miller: "Where a lot of people don't do it, he puts a lot of money behind taking care of his body. A lot of people think it's a big expense, but that big expense has allowed him to make a lot more money for a long period of time."

LeBron James and Mike Miller
Tony Dejak/AP

Source: Bleacher Report

LeBron also uses one of the most exclusive tattoo artists in the country, Bang Bang Tattoos in New York City, which charges a minimum of $500 per hour. Keith "Bang Bang" McCurdy's other customers include Rihanna, Justin Bieber, and Katy Perry.

Lebron Tattoo
Bang Bang

Source: Bang Bang, NPR

His lavish purchases aren't just for himself. He bought his wife Savannah Brinson an engagement ring reportedly worth $300,000.

2018 05 25_12 39 14
Instagram/LeBron James

Source: Hollywood Life; Instagram

He also helped arrange to get former Knicks head coach David Fizdale into a Samsung commercial as a wedding gift. Fizdale even got paid, calling it "a nice little check for an assistant coach."

LeBron James and David Fizdale

Read more: New Knicks coach David Fizdale told a story that shows how much LeBron James cares about his teammates and coaches

LeBron and Savannah are high-school sweethearts, and they have three kids together.

LeBron James

Source: Instagram

Their wedding was a three-day party in San Diego.

LeBron James
Instagram/LeBron James

Source: Instagram

They went to Italy for their honeymoon.

2018 05 25_12 43 15
Instagram/LeBron James

Source: Instagram

And later traveled to Greece.

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instagram/LeBron James

Source: Instagram

Savannah opened a juice bar in Miami when James was still with the Heat.

lebron juice spot

LeBron Jr., better known as Bronny, is turning into quite the ballplayer himself.

LeBron James puts his arm around his son Bronny while Bronny holds a trophy in 2019.
LeBron James wants to play with Bronny.Jay LaPrete/AP Images

If LeBron Sr. decides to play for a few more years, there is a chance the two could someday play in the NBA together. LeBron has said that it's his goal to play with his son.

lebron james and bronny
Kevork Djansezian/Getty Images

LeBron has become a bit of a fashion icon.

LeBron James
Tony Dejak/AP

Well, most of the time. The other times he wears Christmas pajamas that are too small.

LeBron James

Source: Instagram

The only time we really see him let loose is when he wins something...

lebron james championship parade outfit

... like when he wore this awesome fang shirt at a nightclub after the Heat won the title in 2012...

lebron fang shirt

... or when he ate pizza onstage with Drake after winning it all one year later.

lebron james drake club liv

Even superstars need to relax from time to time.

LeBron James

Source: Instagram

And like many in the NBA, LeBron has become a big fan of the vino.

2018 05 25_14 20 10

Source: Instagram

He's also been known to take costume parties seriously. He once made a cameo as Prince and did a decent "Purple Rain" lip sync.

Lebron James dressed as Prince
screengrab via Instagram

Read more: Here's video of LeBron James dressed as Prince for a Halloween party

But in general he keeps himself out of the gossip pages. He even rode his bike to a game when he played in Miami.

LeBron James

Source: Twitter

But LeBron has employed his wealth and business savvy for causes bigger than just himself and his loved ones.

LeBron James
Kevin Jairaj-USA TODAY Sports

In 2018, James opened the I Promise School, a fully-funded public elementary school in his hometown of Akron, Ohio, that primarily serves at-risk children.

i promise
AP Photo/Phil Long

And he's poured his efforts into "More Than a Vote," a campaign that encourages voting in the United States.

lebron james vote
Mike Ehrmann/Getty Images

Source: More Than a Vote

The organization even has merchandise, which James rocked before a 2020 playoff game.

Screen Shot 2020 09 29 at 4.43.04 PM

Source: Instagram

Now check out the house Michael Jordan is struggling to sell:

Michael Jordan house
Concierge Auctions; Stephan Savoia/AP

Here is Michael Jordan's 56,000-square foot house in Chicago and why it is still on the market after 6 years

Read the original article on Insider