LeBron James Eyes Olympic Gold While Building A $100 Million Real Estate Empire

As LeBron James leads Team USA in the 2024 Paris Olympics, his ambitions seem to extend beyond the basketball court. The 39-year-old NBA star has quietly built a real estate portfolio worth at least $100 million, spanning from Ohio to Los Angeles.

James, competing in his fourth Olympics, was the first U.S. men's basketball player to carry the American flag alongside tennis player Coco Gauff at the opening ceremonies. His previous Olympic appearances in 2008 and 2012 resulted in gold medals, something he hopes to replicate in Paris.

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According to a report issued by Realtor.com, the legendary player began building his real estate portfolio in 2003 when he invested $2.1 million in his hometown of Akron, Ohio. The mansion is a 30,000-square-foot property complete with a bowling alley and recording studio. In 2006, James expanded his Akron holdings, purchasing an adjoining property for $425,000.

James’ real estate ventures have closely mirrored his NBA career moves. His move to the Miami Heat in 2010 saw him acquire a $9 million waterfront mansion in Coconut Grove. After four seasons and two championships, James sold the property for $13.4 million in 2015, marking a profit of more than $4 million.

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The basketball icon’s westward expansion began in 2015 with a $21 million purchase in Los Angeles’ Brentwood neighborhood. The acquisition raised eyebrows among Cleveland fans, according to the Realtor report, though James went on to deliver an NBA championship to the Cavaliers the following year.

In 2017, amid speculation about joining the Lakers, James bought a second Brentwood property for $23 million. His most notable acquisition came in 2020 – a $36.75 million Beverly Hills estate previously owned by a soap opera creator.

Not all of James’ real estate moves have been wins. In 2021, he sold one of his Brentwood homes for $19.6 million, slightly less than its purchase price.

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However, his real estate portfolio is just part of his financial empire. In 2022, Forbes reported that James became the first active NBA player to join the billionaire club, including over $431 million in NBA salary and an estimated $900 million from endorsements and business ventures. 

Benzinga previously reported that James’ investments span various industries. He holds a $40 million stake in Blaze Pizza, owns part of the Fenway Sports Group (parent company of the Boston Red Sox and Liverpool FC), and has founded Springhill Entertainment and Uninterrupted. His portfolio also includes investments in the health and wellness company Ladder.

As James takes to the Olympic court, he and teammate Kevin Durant are already making waves. In their opening game against Serbia, the duo combined for 44 points in a dominant 110-84 victory, setting the tone for what they hope will be America’s fifth consecutive gold medal in men’s basketball.

With his son Bronny now joining him on the Lakers roster – marking the NBA’s first active father-son duo – James continues to build his legacy both on and off the court. 

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