LeBron James should officially become a billionaire this year

Los Angeles Lakers star LeBron James should become a billionaire before the end of the year.

While he still stars for the Los Angeles Lakers, LeBron James actually makes more money away from the hardwood than he does on the basketball floor.

With a strong business portfolio that includes ownership in Fenway Sports Group, SpringHill Entertainment and Blaze Pizza, James is on pace to officially become a billionaire at some point this year. This is a massive financial milestone for James, who may one day want to pursue ownership of an NBA team. His association with Fenway Sports Group is a fantastic start in that.

The No. 1 overall pick from the 2003 NBA Draft is about to add a third comma to his bank account.

LeBron James will officially become a billionaire at some point this calendar year

In a business that produces so many overnight millionaires and unfortunately, so many financial horror stories, James has stayed the course to amass unfathomable wealth well before his 40th birthday. Playing in 10 NBA Finals, winning four of them and being the best basketball player since Michael Jordan will do a ton to grow one’s bank account. You also must invest your money wisely.

James would not be the first primary owner of an NBA team, if he does ever decide to go that route. Jordan purchased his home state’s Charlotte Hornets several years ago. While they have not had the on-court success of his Chicago Bulls, Charlotte does have a budding star in 2020-21 NBA Rookie of the Year LaMelo Ball. Becoming a billionaire signifies James is pushing for ownership.

Once all that Space Jam money kicks in, expect James’ financial portfolio to hit well over 10 figures.