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Here’s How Much Money LeBron James Made From Liverpool Ownership

Cleveland<a href=httpshowafricacom> <a>Cavaliers LeBron<a href=httpshowafricacom> <a>James smiles at a reporters question early Thursday June 9 2016 after the Cavaliers defeated the Golden State Warriors 120 90 in Game 3 of basketballs NBA Finals in Cleveland AP PhotoTony Dejak ORG XMIT OHPS153

 

LeBron James and his business partner Maverick Carter paid $6.5 million for a 2% stake in Liverpool FC in April 2011. When Fenway Sports Group (FSG) purchased the club, he acquired the shares.

The Los Angeles Lakers’ acquisition proved to be a wise business decision, resulting in millions of dollars. The NBA legend recently exchanged his stock for a stake in FSG, along with business partners Carter and Paul Wachter. According to Liverpool.com, James now owns approximately 1% of FSG.

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In November of this year, the NBA legend reportedly made an exceptional profit from his minority stake in Liverpool FC, amid reports that the FSG is considering selling the club. His stake in the six-time European champions is now worth around $44 million, according to the Mirror. Aside from Liverpool, James is a fan of the Boston Red Sox. SpringHill Entertainment is the TV and film production company founded by the four-time NBA champion. He also has stakes in smart gym maker Tonal and ride-hailing giant Lyft.

James, who has been with the Los Angeles Lakers since 2018, has an estimated net worth of $1 billion. It makes him the first active NBA player to reach the billion-dollar mark. Forbes, however, stated that the main reason for his billionaire status is that he has been more than just a pitchman. “James has long structured deals to give him equity in brands with which he partners, giving him a cut of the upside rather than a quick paycheck,” the platform wrote.

In 2015, James walked away from an estimated $15 million endorsement deal with McDonald’s. Instead, he bet on the fast-growing Blaze Pizza chain, in which he has a stake. James began playing basketball as a child, having been born on December 30, 1984, in Akron, Ohio. Basketball quickly became a way of life for him, and he excelled when he joined his elementary school basketball team.

He received his Nike endorsement deal when he was only 18 years old. The basketball star’s partnership with Nike, as well as deals with AT&T, PepsiCo, and Walmart, recently elevated him to the world’s second-highest-earning athlete.

 

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Written by How Africa News

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