How Africa News
LeBron James has established himself as an achiever both on and off the court during his 17-year NBA career. He has four NBA titles and has appeared in 18 NBA All-Star games. He was also the first NBA player to become a billionaire.
Off the floor, his success has been mostly credited to his investments in businesses, endorsement deals, and his salary from the Los Angeles Lakers. For example, his NBA contracts have earned him more than $390 million. He also has endorsement partnerships with AT&T, Pepsi, and Calm.
However, James also has equity in several businesses, making him one of the prolific athlete investors today. Here are six (6) businesses owned by the NBA great you should know:
Uninterrupted
Uninterrupted is another company owned by James. He and his business partner Maverick Carter co-founded the athlete platform. It rose to prominence as a media company a few years ago. Draymond Green, Rob Gronkowski, Ronda Rousey, and Tom Brady were among the sportsmen who appeared on the platform.
The Shop, which features James and other sportsmen and their talks in a barbershop, was one of the platform’s most popular shows.
Ladder
Ladder is a corporation that specializes in health and wellness. Ladder was co-founded by James, Arnold Schwarzenegger, Lindsey Vonn, and Cindy Crawford.
The company provides a variety of products, including fitness and workouts, monthly subscriptions, and personalized product programs.
Fenway Sports Group: $90 million
James owns an interest in Fenway Sports Group. He and his partner Maverick Carter paid $6.5 million for a 2% share in Liverpool FC through Fenway Sports Group.
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 around one percent of FSG.
In November of last year, the NBA legend reportedly made an amazing profit from his minority ownership in Liverpool FC, amid reports that the FSG was considering selling the club. His stake in the six-time European winners was now worth roughly $44 million, according to Mirror at the time. Aside from Liverpool, He is a fan of the Boston Red Sox.
Blaze Pizza
Another firm in which James has an interest is Blaze Pizza. He allegedly owns a 10% share in the pizza firm. According to Forbes, the corporation has over 300 sites in North America. According to Forbes, his stake in the company is worth $30 million.
Tonal
James is also an investor in smart gym company Tonal. Although the financial terms of the partnership are unknown, Tonal founder Aly Orady said in a statement that, “To have LeBron James, one of the greatest athletes in the world, invest in Tonal is a pinnacle moment for us.”
SpringHill Entertainment
In addition, the four-time NBA champion is the founder of TV and film production company SpringHill Entertainment. The firm has produced Survivor’s Remorse and The Wall, as well as films such as The Shop, Hustle, and Space Jam: A New Legacy.
