LeBron James’ luxury life: how the king of NBA makes and spends his US$1.2 billion net worth – on mansions, cars, a cryotherapy chamber …
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 résumé has paid off big time – after agreeing to a two-year, US$97 million contract extension with the Lakers, he is set to become the highest-paid player of all time.
He is equally relentless off the court, signing a lifetime endorsement deal with Nike worth more than US$1 billion – a move that was so big it is more like the merger of two corporations.
LeBron James is set to become the highest-paid NBA player ever. Photo: @kingjames/Instagram
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 also met his goal of becoming a billion-dollar athlete, currently worth US$1.2 billion, according to CNBC.
He will be the highest-paid NBA player of all time
The Los Angeles Lakers’ LeBron James does an interview during a media day at the UCLA Health Training Center in El Segundo, California, in September 2021. Photo: Los Angeles Times/TNS
LeBron James is one of the most accomplished players in NBA history. He’s also one of the wealthiest. He has made US$387.3 million during his 19-year NBA career.
Los Angeles Lakers forward LeBron James. Photo: AP Photo
He signed a two-year, US$97 million extension with the Lakers in 2024-25, meaning he’ll earn US$141 million over the next three years, making him the highest-earning player of all-time, with US$532 million.
He has secured lucrative endorsement deals
LeBron James wearing Beats by Dre. Photo: LeBron James/Facebook
But in addition to his NBA salary, James also made roughly US$90 million in endorsements off the court. He led all athletes with US$126.9 million in on- and off-court earnings in 2021. His endorsements include Walmart, Intel, Kia and he has a long-time sponsorship with Beats by Dre.
LeBron James Photo: @lebron/Instagram
He also has a monster deal with Nike. The company signed him to a seven-year, US$93 million deal right out of high school. 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 US$1 billion.
James used to have an endorsement deal with McDonald’s, but he gave up US$15 million in choosing not to renew it in 2017. Instead, he became a spokesman for Blaze Pizza, a company where he was a founding investor.
The basketball star is also very active on Instagram. It’s estimated that he makes about US$428,000 per sponsored Instagram post.
He’s also quite the businessman himself
LeBron owns a piece of Liverpool FC, the esteemed English Premier League club. He bought a 2 per cent stake in the team for about US$6.5 million, and his share has grown to be worth about US$32 million.
LeBron James is a part-owner for the Boston Red Sox. Photo: @BostonStrong_34/Twitter
He doubled down in 2021, buying into Fenway Sports Group to become a part-owner of the Boston Red Sox. Though he was previously an outspoken fan of the Red Sox’s bitter rivals – the New York Yankees.
LeBron James with Bugs Bunny in Space Jam: A New Legacy. Photo: Warner Bros. Pictures/TNS
In 2015, LeBron’s media venture, Uninterrupted, got US$16 million from Warner Bros. He also started a production company called Springhill and sold a “significant” stake in a deal where it was valued at US$725 million. Springhill produced Space Jam: A New Legacy, which he also starred in.
He spends his fortune on luxury cars and houses
LeBron James’ Mercedes-Benz Maybach 57S. Photo: @kingjames/Instagram
Bron owns a Porsche 918 Spyder, a Ferrari, a Mercedes-Benz Maybach 57S, a Lamborghini Aventador Roadster and a Rolls-Royce Phantom with TVs in the seats. He also bought his mum a Porsche for her 𝐛𝐢𝐫𝐭𝐡day, and a Ferrari Testarossa for his wife.
LeBron James has said that he regularly drives a custom Kia K900 luxury sedan. Photo: Kia Sorento
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 – even the wheels have his personal logo.
LeBron James’ mansion. Photo: @erealty/Twitter
When he joined the Miami Heat, he bought a US$9 million home in Coconut Grove. He sold it for a US$4 million profit, and in 2017 he bought a US$23 million mansion in Los Angeles that has 10 bedrooms and an onyx bar. He also owns a 30,000 sq ft compound in his hometown of Akron, Ohio.
The cheapest guy in the NBA?
LeBron James, then No 23 of the Cleveland Cavaliers, arrives for game one of the 2018 NBA Finals at Oracle Arena in May 2018, in Oakland, California. Photo: Getty Images
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 James and Dwyane Wade. Twitter @CBSSportsNBA
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.” When Pandora heard that, they offered LeBron a free premium account.
He spends money on taking care of his body
LeBron James invests a lot of money in fitness, of course. Photo: @kingjames/Instagram
But James isn’t cheap when it comes to keeping himself in proper basketball shape, as he reportedly spends more than US$1.5 million per year just to take care of his body.
LeBron James in his controversial cryotherapy chamber. Photo: @HubieTalksHoops/Twitter
One of the ways he splurges on his own body is by using a controversial cryotherapy chamber to relieve pain and enhance muscle recovery. 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.
Then NBA Cleveland Cavaliers player LeBron James, centre right, shows his tattoo as he meets with his fans during a media event in Taipei, Taiwan, in July 2014. Photo: AP Photo
James also uses one of the most exclusive tattoo artists in the country, Bang Bang Tattoos in New York City, which charges a minimum of US$500 per hour.
He splurges on his wife and his assistant coach too
LeBron James and his wife, Savannah. Photo: Instagram
His lavish purchases aren’t just for himself though. He bought his wife Savannah Brinson an engagement ring reportedly worth US$300,000. Their wedding was a three-day party in San Diego. They went to Italy for their honeymoon and later travelled to Greece.
