LeBron James is a billionaire. He is also notoriously cheap.
Cork Gaines
- LeBron James is a billionaire and soon to be the highest-paid NBA player of all time.
- James' most recent contract with the Lakers will pay him $50 million in 2024-25.
LeBron James is a four-time champion, four-time MVP, 19-time All-Star, and soon to be the highest-paid NBA player of all time.
James' most recent contract is a two-year, $97 million contract with the Lakers that will pay him $50 million in 2024-25, and he makes more than that off the court. While he has expensive tastes when it comes to cars and houses, he is also famously cheap and tight with his money.
Here are a few examples.
LeBron is one of the wealthiest athletes ever.
LeBron has made $432 million during his 20-year NBA career. He also signed a two-year, $97 million extension with the Lakers that will give him $141 million over the next three years. The extension will make James the highest-earning player of all time, with $532 million.
In addition to his NBA salary, LeBron also makes roughly $90 million a year in endorsements off the court.
Thanks in large part to his lifetime deal with Nike, LeBron is now a billionaire, according to Forbes.
Forbes estimates that he has earned "upwards of $900 million in income from endorsements and other business ventures."
Source: Forbes
But he is also open about how cheap he can be at times.
Despite his expensive tastes when it comes to cars and houses, Dwyane Wade once called James "the cheapest guy in the NBA."
LeBron responded by saying that was "so, so, so, so falsely true."
Warren Buffett was kinder, saying of LeBron, "He's savvy. He's smart about financial matters."
"It's amazing to me the maturity he exhibits," the famed investor said of LeBron.
Source: Sporting News
One example is his phone. James won't use his phone if it is not on wifi.
"No, I'm not doing that," LeBron once said. "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 was once spotted riding a bicycle to a game in Miami.
LeBron also said he would not pay for a blue checkmark on Twitter.
James referenced his frugality when declining to pay to keep his blue checkmark on the new Elon Musk-helmed Twitter.
"Welp guess my blue ✔️ will be gone soon cause if you know me I ain't paying the 5," James wrote on Twitter.
Despite his money savvy, LeBron does have expensive tastes in some areas and also gives a lot of money to charitable endeavors. Check those out here.
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