CELEBRITIES / AUG. 15, 2015
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How Lebron James Spends His Salary

One of the top earners in American basketball, Lebron James takes home around 33 million dollars each year, as according to the Business Insider. Apart from his salary as a professional player, he also receives revenue from the sales of Nike’s Lebron shoes. His net worth, according to recent estimates is around $300 million.

See Also: 4 Lessons to Learn From Lebron James’ Return to Cleveland Cavaliers

Ever wondered how Lebron James spends his salary? Here are 9 interesting ways to prove that his is one of the wealthiest professional players in the world.

1. Cars

LeBron has a thing for fast wheels. He owns a Porsche, identical to the one that belongs to Dwyane Wade. He also has a Rolls Royce Phantom, with television sets on the back of the seats. He collects cars as other people collect stamps: has a Chevy Camaro SS, and a Jeep Wrangler Unlimited, worth around 25 million dollars. The Mercedes Benz S63 has a custom sign, L23 at the back. He loves his Hummer H2, as it is spacious enough for a man of the height of LeBron. He got this toy from his mother for his 18th birthday, and has a BOSE sound system. For days out, he can use his orange Jeep Wrangler. What is really interesting is that he still rides his bike to the stadium to make it to the matches.

2. Houses

Lebron James House
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After joining the Heat, he bought a mansion in Miami for $9 million, spreading over 16,000 square feet. It has a movie theatre, a wine cellar, and its own boat dock. According to Cleveland News, he has signed the contract to sell his house in 2015, for $15 million. That means that the basketball superstar and his wife make a $6 million profit on the property market in only five years. The Coconut Grove property has a kitchen large enough for a tennis court, a bathroom with a glass wall overlooking the view of the harbour, housing two 60-foot yachts, a massive laundry room, and an infinity pool. He has his own wine cellar, of course. He owns a smaller house in Akron, Ohio, as well, costing him $9.2 million. He has a total of 19 rooms, six bedrooms, his own bowling alley, aquarium, and recording studio. In addition, he is just in the process of building a new garage, as housing all those cars, of course, can be a challenge. He is also planning to place a limestone sculpture of himself on the outside of the house.

3. $300,000 Engagement Ring

He bought a sparkly Tiffany style diamond engagement ring for high school sweetheart and the love of his life, Savannah Brinson for $300.000. He proposed Savannah back in 2012, in a Miami night club. They got married the next year, in San Diego. The couple has three children together, and LeBron has helped Savannah set up her own juice bar. James supported his wife all the way, but it is not known how much money he spent to help Savannah open the modern health spot in Miami.

4. Vacations on the Bahamas

The Bahamas is one of the favourite vacation spots of LeBron James, wife Savannah, and their three children. He loves going out with Dwyane Wade on the $29 million yacht, owned by Jay Schottenstein. It has five luxury cabins and a hot tub on board. He also visited Hawaii, posting images and videos on Instagram, swimming under the stunning waterfall, calling the experience the funniest thing he has ever done.

5. Clothes and Watches

He loves his designer clothes, and his favourite style is expressed by Ralph Lauren and Tom Ford’s custom made suits. He is also a great fan of Michael Bastian, and has a two-story walk-in wardrobe to store all his outfits. He has a great collection of watches, as well, consisting of Legacy, Royal Oak, and Grand Prix. As he has confessed in a recent interview, he has more than one style: from elegant confidence to sporty Nike outfits, and mob-boss style edgy clothing items.

6. Partying

According to The Sportsdrop, he likes treating his friends on parties. Back in 2011, he took his friends out to a night club, costing the group a total of $171.000. It must have been a good night. In 2013, the Miami Heat team celebrated its championship win with $75.000 per bottle of champagne and plenty of pizza. After winning the Eastern Conference Finals this year, the whole Cleveland Cavaliers team had a massive hot tub party, drinking champagne together, joking about the winning matches, and singing..

7. Charity Donations

Lebron James donating
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Apart from living like a king, LeBron also cares about good causes. When he joined the Miami team, he decided to donate $2.5 million to the Boys and Girls Clubs of America, a charity that helps young people realize and make the most out of their true potential. The charity also helps children in crisis and danger. The LeBron James Family Foundation is supported by several charities and organizations, and LeBron regularly sends out messages to members and donors about the work of the foundation and the progress of different programs. Apart from the above mentioned charities, the basketball star also supports After-School All Stars, the Children’s Defense Club, Gabrielle’s Angel Foundation, and ONEXONE.

8. Liverpool Football Club Shares

LeBron is also a minority shareholder of Liverpool FC. The buy-in, however, was more like an investment, as the basketball player also owns a sports promotion company called LRMR Branding & Marketing, and he is looking to get some further leverage for his own brands through the world’s famous football club. Ranking in the Top 100 celebrities in the world by earnings, buying the shares in the popular, well-promoted, and valuable football club will only make LeBron even richer, according to the Forbes Magazine.

9. Other Investments

LeBron is not only a talented basketball player with a great track record on the court, but also a clever businessman. He does spend when he celebrates, but that is the life of famous people. He gives for charity, and makes bold investment moves. A couple of years back, he saw an opportunity in investing to Beats Electronics, which was later sold to Apple for a significant amount, making James cash in a nice profit. He is looking at further ways of getting involved in soccer, and has been reported to have a conversation with David Beckham to expand Major League Soccer to Miami. He said in a recent interview:

The first time I stepped on an NBA court I became a businessman. This is a great opportunity for me."

See Also: How Cristiano Ronaldo Spends His Salary

LeBron James might look like just another celebrity; however, he knows where he puts his money. He treats his wife and kids with the kind of luxury he can afford, and many people hate him for it. However, with a net worth of over $300 million, and an annual salary of $65 million (out of which $44 million comes from endorsements), it is fair to say that he can live comfortably, own a dozen luxury cars, and yacht around the Bahamas.

What would you do if you had Lebron’s salary? Would you spend it on investments, clothes or houses? Let us know in the comments section below.

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