Los Angeles Lakers star LeBron James is on track to become a billionaire by the end of this year. Although, it comes as no surprise after seeing the success that his career has had over the years.
The thirty-six-year-old's career began after he was selected to play for his hometown team, the Cleveland Cavaliers. From there, LeBron's reputation as a professional basketball player only grew.
His sporting accomplishments include 4 NBA championships, 4 NBA MVP awards, 4 NBA Finals MVP awards, and 2 Olympic gold medals. Last year, he also won Time, Athlete of the Year. LeBron, who is a dad of three, is now widely considered one of the best NBA players in history.
His ever-growing success and fame now mean that LeBron is set to become a billionaire by the end of 2021, Forbes reports.
For 7 years now, LeBron has been NBA's top-earning player including off-court income.
He is expected to earn $95.4 million, including an estimated $64 million from endorsements, memorabilia, and media, an amount many of us could only dream of. As a result of his expected earnings, LeBron will have a record high income for an NBA player and the highest ever in any American sports team.
LeBron will, however, lose out on an estimated $8 million as he and every other NBA player will have twenty percent of their earnings placed in an escrow account to help balance the 50-50 split in leaguewide revenue, Forbes reports.
With this years earning making LeBron's a billionaire, it means he will join fellow active athletes in the sporting world like Tiger Woods, Floyd Mayweather, Lionel Messi, and Cristiano Ronaldo. But, he will miss out on the chance to join the club of rare athletes who have earned $100 million or more in a single year like Woods and Mayweather.
Reaching the status of billionaire will mark a major milestone for the basketball star.