LeBron James' Spectacular Property Portfolio And Business Empire Matches His Stunning NBA Points Record

Scoring slam dunks in real estate is hardly as easy as doing the same thing on the basketball court, especially when you're LeBron James. However, the 40-year-old LA Lakers star, who recently became the first NBA player to score 50,000 combined points in the NBA season and playoffs, has done a pretty good job of building the type of property portfolio and business empire that matches his glittering career.

In a stunning 22-year career in the NBA, the legendary athlete has amassed a staggering net worth of $1.2 billion and has accrued a portfolio of luxury homes, according to Realtor.com, that befits his success on the court. 

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Akron, Ohio

Celebrities often buy and sell real estate like used cars, so it's rare to find someone of James' stature who still holds on to the first home he ever purchased. James spent $2.1 million on the property as a teen in his hometown of Akron, Ohio. He razed the existing home and built a mansion estimated today to be worth around $10 million.

Coconut Grove, Miami

After leaving the Cleveland Cavaliers, James signed with the Miami Heat. During his four seasons with the Heat, James lived in an opulent 16,000-square-foot home in Coconut Grove, which he purchased for $9 million. Upon leaving the Heat to return to the Cleveland Cavaliers, James sold his South Florida home in 2015 for $13.4 million.

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Brentwood And Beverly Hills, California

James purchased a six-bedroom mansion for $21 million in Los Angeles' upscale Brentwood neighborhood in 2015, a year before delivering the long-awaited championship to the Cavaliers in 2016. He then purchased another home in Brentwood for $23 million, a modern, brand-new spec home with eight bedrooms and marble floors.

After signing with the Lakers in the summer of 2018, James purchased a spectacular trophy home in Beverly Hills for $36.75 million. The home once belonged to Hollywood icons Howard Hughes and Katherine Hepburn. It is still James' primary residence. 

Salary and Endorsements

In 2021, James sold the first of his Brentwood homes, purchased in 2015, at a slight loss, finally receiving $19.6 million. Not that a loss of just over a million dollars would hurt James' bottom line too much. He is the first active NBA player to become a billionaire. James' wealth stems primarily from his salary — racking up more than $500 million in pretax salary from stints with the Cavaliers, the Heat, and the Lakers. He has earned over $900 million in pretax income in business ventures and endorsements, according to Forbes, from a broad reach of major brands, including PepsiCo, Nike, Samsung, Intel, Taco Bell, and Draft Kings, often taking an equity stake rather than a simple flat fee endorsement. 

His investment in Beats By Dre headphones is interesting. James was an early investor and reportedly earned $30 million when Apple bought the company. 

See Also: This Jeff Bezos-backed startup will allow you to become a landlord in just 10 minutes, with minimum investments as low as $100.

Nike Lifetime Deal

LeBron's 2015 "lifetime" deal with Nike is another pillar to his off-court wealth. Nike is purported to pay the NBA legend $32 million annually. 

Fenway Sports, SpringHill And Fulwell 73

James and longtime business partner Maverick Carter bought into Fenway Sports Group, giving them a stakes in the parent company of the Boston Red Sox, Liverpool Football Club, and Roush Fenway Racing. 

James and Carter are also partners in SpringHill, which Carter told Bloomberg in 2020 he saw "as a media company with an unapologetic agenda: a maker and distributor of all kinds of content that will give a voice to creators and consumers who've been pandered to, ignored, or underserved."

In early 2020, SprillHill raised $100 million in outside investment from Guggenheim Partners. Additional money came from the University of California's UC Investments, private-equity firm SC Holdings, and Sister, the content company created by Elisabeth Murdoch — the daughter of Rupert Murdoch.

In February, Variety reported that SpringHill Co. and  Fulwell 73, the production company behind the Hulu reality hit "The Kardashians," had joined forces under the Fulwell Entertainment umbrella

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