Uncategorized

LeBron James’ secret to making money was taught by his uncle since he was 3 years old

With the little money he earns, billionaire LeBron James always puts some aside, thanks to a money lesson from his uncles.

LeBron James is officially a billionaire, according to Forbes. This makes James the first NBA player to reach the milestone, and the second NBA player to achieve billionaire status, joining retired basketball star Michael Jordan.

James, a forward for the Los Angeles Lakers, is the highest-paid NBA player, earning $121 million last year both on and off the court. He is second on Forbes’ list of the 10 highest-paid athletes of 2022, behind soccer star Lionel Messi.

Overall, James earned $387 million from the Cleveland Cavaliers, Miami Heat and Los Angeles Lakers, while also earning another $900 million from other sponsorship deals, such as a lifetime deal with Nike, the Blaze pizza franchise and ownership of a video production company, all bringing his pretax income to more than $1.2 billion.

A natural basketball player, James was accepted into St. Vincent–St. Mary High School in 1999, where he scored over 2,500 points during his four years on the team.

In the 2003 NBA Draft, James was selected No. 1 overall by the Cleveland Cavaliers. His NBA debut was described as “one of the most impressive games in league history,” as he recorded 25 points, 6 rebounds, and 9 assists. James went on to become a four-time NBA MVP, winning four championships and three Olympic medals.

The athlete organization, the Lebron James Family Foundation, also founded the I PROMISE School, a public school in Akron, Ohio, in 2018. The school is committed to helping at-risk “underserved” students succeed academically.

James, an Ohio native, had a difficult 𝘤𝘩𝘪𝘭𝘥hood, as his young mother struggled to make ends meet. With the little money he earned, James always put some aside, thanks to a money lesson from his uncles.

“My uncles always taught me how to have a savings account,” James shared in a podcast on his web platform, UNINTERRUPTED. “They would give me a dollar and say, ‘Listen, nephew, spend 35 cents of it and keep the other 65 cents.’ Or, if they gave me two dollars, they would say, ‘Go, go out and have fun with the dollar, but save the other dollar.’”

And that lesson follows James to this day, even though he is a billionaire.

In 2021, James expressed his hope to one day own an NBA franchise, after becoming a part owner of the Boston Red Sox baseball team.

“I have a lot to offer to the game. I know what it takes to win at this level. I know how to recognize talent. I know how to run a business. And so that’s my goal. My goal is to own an NBA franchise, and it’s going to happen as quickly as possible,” James told interviewers.

James has a lot he wants to do with his life, and he has no plans to “slow down.” He is eligible for a two-year, $97 million contract extension with the Lakers, and he hopes to play alongside his son, LeBron “Bronny” James Jr., in the near future.

Related Posts

𝙂𝙃𝙊𝙎𝙏 𝙍𝙄𝘿𝙀𝙍

El avance comienza con una atmósfera oscura y llena de humo, mostrando una carretera desierta iluminada por farolas parpadeantes. Un inquietante riff de guitarra marca el tono mientras…

𝙈𝙤𝙧𝙩𝙖𝙡 𝙆𝙤𝙢𝙗𝙖𝙩 𝟮

La esperadísima secuela del reinicio de Mortal Kombat de 2021 ya está oficialmente en marcha, y se ha confirmado que Karl Urban se unirá al reparto como el…

With drama on and off the course, 2024 showed why Rory McIlroy is still the most interesting man in golf

Rory McIlroy provided golf’s most compelling story in men’s professional golf this year. This is not only because of his multiple successes on the course but also his…

Who’s Really to Blame for Rory McIlroy’s ‘Dying Sport’ Fears as Golf Chief Makes Damning Claim

The biggest concern for someone passionate about something? Losing its essence in the new generation. Well, pro golfer Rory McIlroy has raised the same crisis regarding golf. At…

Elon Musk asks if the IRS should be ‘deleted’ after agency begs for $20 billion – here’s how X users responded

Billionaire Elon Musk asked social media users Wednesday if the Internal Revenue Service should be “deleted” — a day after a top Biden-Harris administration official urged Congress to give the…

Mark Zuckerberg dines with Trump at Mar-a-Lago after pushing for meeting to discuss new administration: ‘Grateful for the invitation’

Meta CEO Mark Zuckerberg dined with Donald Trump at Mar-a-Lago — after reportedly requesting the meeting with the president-elect to discuss “the incoming administration” Wednesday. “It’s an important…

Leave a Reply

Your email address will not be published. Required fields are marked *