LeBron James Takes a Massive Leap Toward Overtaking Michael Jordan as the Richest Athlete Alive With a Lucrative Investment
LeBron James has enough money in his bank account to last him multiple lifetimes, but he’s always on the lookout for new business opportunities to help grow his net worth. Just recently, James joined tennis superstar Naomi Osaka and world-famous rapper Drake as an investor in StatusPRO, a sports technology and gaming company on the rise in an industry that’s projected to be worth — wait for it — $57 billion by 2027.
Could this be LeBron’s first step in surpassing Michael Jordan as the richest athlete in the world?
LeBron James has amassed an $850 million net worth thanks to his business savvy
We know James is an elite player on the court, but he’s also an elite businessman off the court.
Over the course of his 18-year NBA career, LeBron has earned more than $387 million in salary but more than $600 million in off-the-court earnings. Most of those earnings come from James’ SpringHill Company, which he formed with longtime friend Maverick Carter in 2020. Forbes values his stake in the company at $300 million today.
James also started a health and wellness company with Arnold Schwarzenegger, Cindy Crawford, and Lindsey Vonn called Ladder, and he owns 19 Blaze Pizza franchises across the country. In the realm of sports, the Lakers superstar has ownership stakes in Liverpool FC and the Boston Red Sox.
And all that still doesn’t include LeBron’s various endorsements with Nike, Walmart, PepsiCo, and others.
As of 2021, James has built up a net worth of $850 million, according to Forbes, and his business savvy is the biggest reason why.
LeBron joins Naomi Osaka and Drake as an investor in StatusPRO
James has an impressive business portfolio at this point in his career, but he’s not finished adding to it. The 36-year-old just recently joined a superteam of investors including Osaka and Drake in StatusPRO, a sports technology company that “combines player data and XR (augmented reality and virtual reality) to create a suite of training and fan engagement products for enterprise and consumers.”
And it’s easy to see why.
According to a press release from StatusPRO, the XR industry is projected to be worth more than $57 billion by 2027. $57 billion!
With James, Osaka, and Drake now on board as investors, there’s no doubt StatusPRO will be a huge player in that expected boom.
Coming for Michael Jordan’s $1.6 billion net worth
Michael Jordan is arguably the greatest basketball player of all time, but what cannot be disputed is his place atop the list of the richest athletes on earth. According to Forbes, Jordan’s net worth currently sits at a staggering $1.6 billion.
James has been inching closer and closer to Jordan over the last few years, and he’s now $650 million behind the Chicago Bulls legend. That might seem like a lot, but James’ net worth is only going to skyrocket from here thanks to his brilliant business savvy.
LeBron may never catch MJ as the NBA GOAT, but he has a good chance to eventually dethrone him as the richest athlete alive.