If somebody tells you they follow basketball and do NOT know LeBron James, you’re talking to a shameless liar. After all, LeBron is one of the most recognizable names in the sports world, let alone basketball. At 38 years old, James is still a statistical monster, but in case you didn’t know, he just entered the billionaires club through his career earnings and business ventures. How many businesses does LeBron James own? What are his other investments?
Read on, and you’d be surprised. Or not, especially since it’s LeBron James.
What Makes LeBron so Popular?
Talking about LeBron James’ businesses and him being a billionaire sounds like he already hung up his sneakers. He is 38 years old and still one of the best players in the NBA. He is not good enough to commandeer a carry job for a whole season anymore, but 28.5 points, 8.1 rebounds, and 6.6 assists on 50.6% shooting are still primetime numbers.
Do you see where this is all going? What makes LeBron so popular is that he’s a 6-foot-8, 250-pound freak of nature with the mind of a chess player. He is in year 20, plays virtually all positions, and can still dominate games statistically.
A clear indication of how great and unique LeBron James is as a player is how he gracefully handles the hype. As an 18-year-old high schooler from Akron, he was dubbed “The Chosen One” even before playing in an actual NBA game. He, not only withstood the hype but surpassed it as no one had ever seen.
Look at his resume. His on-court accomplishments include four MVPs, four championships, four Finals MVPs, 18 All-Star selections, and 18 All-NBA teams. He will inevitably become the all-time leading scorer in the league, surpassing Kareem Abdul-Jabbar and probably a couple more records along the way. When you think the scouting report on him is that ‘he’s not a scorer, but a passer,’ that’s a terrifying thought. Do you know what’s even scarier? It’s the fact that he’s not done yet.
Apart from his exploits on the basketball court, LeBron is also dominating off it. The LeBron James Family Foundation initiated the I PROMISE School, a public school in Akron dedicated to kids who are falling behind in their education. To this day, he is still giving out generous donations to charitable organizations such as the Children’s Defense Fund and OneXOne.
Needless to say, a combination of successes on and off the court, has massively contributed to the popularity of the one and only LeBron James.
How Did LeBron James Start His Businesses?
LeBron James is already a brand in basketball and sports, but he has some other business ventures. That means he relies on something other than being a brand ambassador and endorser. James has built businesses from the ground up and thrived. It’s a safe bet to say he has a team of capable advisers, but there is no question about who makes the final decision.
Of course, not every LBJ business follows the same path. Some were openly funded by various investors to get off the ground, while others he stepped in on immediately and subsequently became a majority owner. Many of these, though, are built by him and his business partner Maverick Carter.
One of his and Carter’s brainchildren is SpringHill Entertainment. SpringHill creates and produces entertainment in collaboration with the world’s largest companies and platforms. Their films and shows are available on Netflix, HBO, Disney+, Apple+, CBS, NBC, ABC, and ESPN.
Another is the Fenway Sports Group, a sports-holding conglomerate involved with the Boston Red Sox, Pittsburgh Penguins, and Liverpool FC.
What Kind of Business Does LeBron James Own?
As any shrewd businessman should, the kind or type of business should allow you to spread your wings. Or, in this case, your business portfolio. That’s why it’s not surprising that James owns and is involved in a lot of business ventures from across spaces and industries. Here are some of them:
- SpringHill Entertainment. An entertainment company now valued at $725 million and still growing, SpringHill has produced some of the most popular shows and movies on your favorite streaming platforms. Among the films and shows they’re involved in are Hustle (Adam Sandler) and Top Boy (Ashley Walters).
- Blaze Pizza. Does Lebron James own Blaze Pizza? Well, he is because he is one of the original investors of the pizza company founded in 2012 by Elise and Rick Wetzel. It was said that LeBron left $15 million from McDonald’s to start his business path with Blaze Pizza. Needless to say, he believes in the product and what they are doing!
- Fenway Sports Group. LeBron is one of the owners of FSG, although it is estimated to be at just 1%. Even so, he could maneuver for more equity in the future, and that 1%, valued at $90 million, is no spare change.
- Uninterrupted. Most of LeBron’s business partnerships are through Uninterrupted, James’ own media company with the famous tagline “More than Just an Athlete.” The company’s valuation has not been publicly released, but it is estimated to be nearly $1 million.
- Ladder. A fledgling sports nutrition company, Ladder is the product of a collaboration between LeBron and trainer Mike Mancias. In this endeavor, James is also partners with the legend Arnold Schwarzenegger.
What are LeBron James’ Investments?
In case you didn’t know, the definitions of businesses and investments are somewhat different. In a business, one is more directly involved, while an investment is more of a passive role. Apart from LeBron James’ businesses, here are some of his investments:
- Mansion homes worth over $80 million
- Equity at Tonal, the at-home strength training machine
- Shares in Beachbody, Beats by Dre, and Lyft
11 Interesting Facts About Lebron James
As an athlete in the social media era, LeBron James’ life is an open book. However, if you’re a casual fan looking for lesser-known facts about “The King,” you might find them here in this shortlist.
1. LeBron James is actually a lefty, at least, when he isn’t playing basketball. He eats and writes with his left hand. A possible explanation, according to LeBron, for why he plays basketball right-handed is that his idol growing up, Penny Hardaway, shoots right-handed.
2. At 16 years old, LeBron actually petitioned the NBA to let him join the league early. Of course, the NBA denied his request.
3. As a sophomore in high school, James was named an All-State football team as a wide receiver.
4. LeBron James has a 3.5 GPA in high school. That amounts to a B+ average. That would have opened the doors for him to go and apply to colleges such as Duke and other universities.
5. He is the only player with over 30,000 points, 10,000 rebounds, and 10,000 assists. In the next few months, he will hit 40,000 points if everything goes to plan.
6. James is very meticulous about his body for a good reason. He is said to spend around $1.5 million a year on his body alone.
7. He is the first black man to be on the cover of Vogue and only the third male to hold the distinction. The first two were Richard Gere and George Clooney.
8. The NBA’s current one-and-done rule prohibits high school players from entering the league straight out of high school, as LeBron did in 2003. However, if that rule had been in place in his day, he admitted he would’ve chosen to go to Ohio State at Columbus.
9. LeBron is only one of two players who have won an NBA MVP, Finals MVP, and an Olympic gold medal in the same year. He did it in 2012. The other one he shares the record with? Michael Jordan. MJ did the same in 1992.
10. Have you ever wondered why LeBron James wears No. 6? It’s because his first son was born on October 6, and his second son was born in June.
11. The reason why Bron created the media company Uninterrupted was because of Fox News’s Laura Ingraham. The news anchor famously shot down LeBron and told him to “Shut up and dribble” for talking about politics. Uninterrupted is all about letting athletes talk about anything without being canceled. The company’s tagline says it all: More Than Just an Athlete.
Wrapping Things Up: How Many Businesses Does LeBron James Own?
As accomplished as LeBron James is on the hardcourt, he does an even better job off of it.
As James made the three-comma club earlier in 2022, his career earnings and LeBron endorsements were only a part of the equation. LeBron made nearly $400 million in salary earnings, and the deals with Nike were massive for his net worth. However, the point is he managed to maximize his money on shrewd business moves and investments.
So, how many businesses does LeBron James own, as well as his investments? There could be dozens in the works right now, but the most famous ones are his involvement with SpringHill Entertainment, Blaze Pizza, Fenway Sports Group, Ladder, and Uninterrupted. SpringHill, for example, is already valued at $725 million! On top of that, it is said that he also has equity shares at Tonal, Beats, and Lyft.
It looks like the King has already made quite an empire for himself.
We hope you enjoyed this post! If you did, be sure to check out our other basketball FAQ articles here.