LEBRON JAMES - The RICH Life - Net Worth 2017 FORBES - YouTube

LeBron James has a salary of over 33 million dollars, making him the second-highest paid

player in the NBA.

But even Steph Curry's jaw's gotta drop makes from the massive endorsement deals he's pickmaking

from the likes of Samsung, Coca Cola and Nike.

And when it comes to sponsors, King James gets the Krusty the Clown treatment

If Lebron received a dump truck full of money, it probably would have driven up to his 35

thousand square foot compound in Akron, but that's not the only mansion the dude's lived

in.

Lebron's picked up a home in Miami's fashionable Coconut Grove neighbourhood, and another in

Brentwood, LA: an area so rich that the unofficial mayor was once this man...

LeBron has a fleet of luxury vehicles, which includes a Ferrari F430 Spider, a Lamborghini

Aventador, and a Porsche 911 Turbo S. Scroll through his Instagram, and you'll find he's

also got a taste for fine wine, and spends hundreds of dollars per bottle.

But LeBron doesn't spend all his money on himself.

He gave his high school sweetheart one killer engagement ring, valued at over 300,000 dollars.

And his annual donations to charities range in the millions.

LeBron James had an estimated net worth of 275 million dollars in 2016, according to

Forbes.

He's expected to bank a healthy 86 Million dollars in 2017 alone, and it may surprise

you to learn that most of that is not coming from his NBA salary.

Endorsements make up a huge chunk of his income, but he also earns money from investments,

businesses, film and television appearances, and as a Hollywood producer.

The guy has expensive tastes, and he's definitely splurged now and then.

But all in all, he's pretty good with money, at least according to Wall Street's most famous

investor.

Warren Buffett once said of King James,

"He’s savvy.

He’s smart about financial matters.

It’s amazing to me the maturity he exhibits."

I'm going to walk you through Lebron's financial come up, where he gets his money, and how

he spends it.

Here for you, on the Rich Life.

I'm Michael McCrudden, and I have a question for you!

What sport, other than Basketball did LeBron excel at during high school?

The answer will be at the end of this video.

Also, let me give a big shout out to seat geek for sponsoring this video.

Now let's roll that intro!

LeBron James was plucked straight out of high school and onto the Cleveland Cavaliers as

the first pick overall in the 2003 NBA draft.

He was named NBA Rookie of the Year, and quickly rose to superstardom.

He was an NBA All Star in 2005, and every year since.

He's a three-time NBA Champion, and a four-time NBA MVP.

He's widely seen as the face of the NBA, and has garnered no shortage of comparisons to

Michael Jordan.

But who's truly the Greatest Of ALL TIME?

We may never know.

But we do know a thing or two about how he translated his basketball skills into a massive

fortune.

When it comes to his contracts, LeBron has a tendency to ink short term deals.

In 2006, he and the Cavs signed a three year 60 million dollar contract extension, which

allowed him the option of seeking a new contract for the 2010 season.

This ultimately allowed him, Dwayne Wade and Chris Bosh, to all sign with the Heat together.

After returning to Cleveland, he began re-signed after each season in order to take advantage

of the NBA's rising salary cap.

In 2016, he signed on to another three year deal, which made him the highest-paid player

in the league at the time, taking home 100 million dollars over the term of the contract.

He made 31 million in the 2016-2017 season, and 33 million in 2017-2018.

So, I guess that means he'll make the remaining 36 million in the 2018-2019 season.

But despite his massive salary, Lebron makes even more money from endorsements.

He was making 42 million dollars a year in endorsements in 2014.

In 2016, it was more like 50 million.

He's earned scratch from companies like Spalding, Dunkin Donuts, Coca Cola, Upper Deck, Samsung,

Audemars Piguet, State Farm, McDonald's and Nike.

Nike originally signed him when he was first coming out of high school, after beating out

rivals Reebok and Adidas in a bidding war.

He banked 90 million dollars from that first deal, but that's chump change compared to

what they pay him now.

His business manager, Maverick Carter, revealed in an interview with GQ style that LeBron's

new lifetime deal with Nike is worth more than a Billion Dollars.

On top of that, he makes a ton of money from investments.

He was smart enough to connect with Dr. Dre back in the early days of Beats Electronics.

He traded a small stake in the company in exchange for promoting them.

Then when the company sold to Apple in 2014, LeBron profited more than 30 million dollars.

LeBron is an original investor in Blaze Pizza and owns 11 franchises in Miami and Chicago.

The chain was named the second-fastest growing restaurant chain in America.

He also owns a digital video company, Uninterrupted, which raised more than 15.8 million dollars

from Warner brothers, and co-owns the production company Spring Hill Entertainment.

Add to that earnings from appearances on shows like Saturday Night Live, Mike and Molly,

The Simpsons and Entourage.

LeBron made his big screen debut in the 2015 film, Trainwreck.

You gotta image that paid well, and he'll also take home a big chunk of change for Space

Jam 2.

Not just as an actor, but also as an executive producer.

He's also earned that credit on More Than A Game, The LeBrons, Survivor's Remorse, Becoming,

Cleveland Hustles, The Wall, and an upcoming Muhammad Ali Documentary.

Point being, Lebron's got money coming in left, right and centre.

Even when you factor in agents and management fees, taxes, business expenses and the rest,

he's still left with more money than I could wrap my head around.

So how does he spend it?

Well, King James has some pretty expensive tastes.

I'll tell you all about them, but assuming that you aren't LeBron James, I bet you'd

probably like to save some scratch the next time you book tickets for a Cavs game, or

really any sporting event or concert.

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What they do is search all the ticket prices available on the web to find the absolute

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Seat geek puts out 1 to 100 score to let you know if you are getting a good deal or a bad

one.

Green means good, red means bad.

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Alright, now it's time for the fun part: what Lebron spends his money on.

For starters, he's got a pretty impressive shoe collection, but with his hook ups at

Nike, you gotta figure he gets his kicks for free.

But the same can't be said for his wine collection.

And he frequently posts about the bottles he drinks on Instagram.

This right here is a Three Hundred Dollar bottle of wine, and it looks to be a favourite,

because he's drank it more than once.

This one's just a bit pricier, worth about 350 dollars.

And here's where it gets really pricey.

This 1988 vintage is priced at an average of a thousand dollars a bottle.

But his wine drinking doesn't cost nearly what he's spent on booze in his epic nights

out.

Back in 2012, he and the rest of the Heat celebrated their NBA championship by racking

up a bar tab of 200,000 dollars.

They purchased 33 bottles of Cristal, a magnum Grey Goose, and a 25,000 dollar 6 litre bottle

of Dom Perignon.

Even split between 16 players, LeBron would have had to shell out 12 thousand 5 hundred

dollars for the epic night out.

I'd say that was a once-in-a-life time event.

But with 3 NBA championships, two Olympic Gold medals, an Olympic Bronze, a FIBA World

Championship Bronze, A FiBA Americas Championship Gold, and countless other awards, Lebron's

had quite a bit to celebrate over the years.

But most of Lebron's spending habits come in the form of wise investments.

When he joined the Heat, he bought a $9 million home in Coconut Grove.

The 12,178-square-foot home at 3590 Crystal View Court has views of Biscayne Bay, a home

theater, pool, chef's kitchen, sommelier's wine cellar, rooftop sun deck and guest house.

When LeBron returned to Cleveland, he sold this mansion for 13.4 Million.

That's a healthy profit of 4.4 million dollars, more than enough to pay for a few excessive

bar tabs.

Of course, he then went on to buy an even more expensive mansion in Brentwood, Los Angeles.

This 9,350 square foot mansion, which Lebron bought for 21 million dollars, was custom

built by Ken Ungar in 2011.

The home is perfect for the 6 foot 8 giant, as it features what have been described as

abnormally high ceilings.

The grounds include a pool, a cabana, a deck, and two spacious backyard patios.

It has six bedrooms, including a master with a dual sided fireplace, a marble bathroom,

and a private terrace.

Not a bad way to live, especially when you already have an even bigger property in Bath

Township, just outside of Akron Ohio.

Lebron picked up this place back in 2003, when he was just 18 years old.

He dropped a cool 9.2 million dollars on the mansion and 35,000-square-foot compound.

The 19 room house features six bedrooms, eight bathrooms, 6 half bathrooms, a recording studio,

a two lane bowling alley, a theatre, a sports activities bar, an aquarium, and a barber

shop.

His master bedroom suite also features a two-story walk-in closet.

The dude also has a crazy car collection.

He got his first car as a gift from his mom back in high school.

And it was no junker.

Securing a loan based on his future earnings, she was able to get him a 2003 Hummer H2.

He's apparently sold the car since, but he's got plenty more whips in his garage.

He owns a Lamborghini Aventador, a Porsche 911 Turbo S, a Mercedes-Benz S63 AMG, a Ferrari

F430 Spider, a Dodge Challenger SRT, a Maybach 57S, a Jeep Wrangler, and a Chevrolet Camaro

SS.

But Lebron's lavish purchases aren't just for himself.

He proposed to his high school sweetheart, Savannah Brinson on Dec 31, 2011 with a $300,000

engagement ring.

The two were married on Sept 2013, in a closed-door ceremony at the Grand Del Mar hotel in San

Diego.

Their 200 guests were serenaded by Beyonce and Jay – Z, who sang Crazy In Love, backed

with a full band.

Together, Lebron and Savanna also have three hungry mouths to feed: LeBron James Jr, Bryce

Maximus James, and Zhuri James.

But those aren't the only kids he's looking out for.

Lebron James is an active supporter of the Boys and Girls Club of America, the Children's

Defence Fund, and ONEXONE.

He also has his own charity, the Lebron James Family Foundation.

In partnership with the university of Akron, he announced he would be providing scholarships

for as many as 2,300 children begining in 2021.

That'll set him back as much as an estimated 40 million dollars.

In 2016, he donated 2.5 million dollars to the Smithsonial National Museum of African

American History and Culture, to support an exhibit about another star athlete, Muhammad

Ali.

When it comes to living the Rich Life, Lebron James is showing us all how it's done.

He's got just about everything a guy could ask for, and was ranked by the richest as

the 16th richest athlete in the world.

I bet he thanks his lucky stars he decided to stick it out with basketball, despite the

interest college foot ball scouts were showing him, while he was playing as a wide receiver

in high school.

Alright guys, that's it for this edition for the Rich Life.

This was season 2, episode 2.

We've got a whole other season for you guys to check out, but let me know who you want

me to talk about next.