“I’m always in my head about stashing and keeping my money sacred,” this statement by LeBron James’ speaks volumes about his financial wisdom. It’s not hidden that he did not grow up with money. The hooper experienced extreme adversity and misery, despite the very best efforts of his single mother. They moved 12 times over 2 years before Gloria decided to send 9-year-old Bron, to live with a youth football coach, Frank Walker’s family, for a year until she found a stable place to live.

LeBron James, who once famously said, “Akron, Ohio, is my home. I will always be here,” has invested quite a bit in real estate over the years, after becoming part of the NBA. It has been more than two decades since he began hopping, and the star athlete made his mark in major cities, assembling an impressive real estate portfolio that consists of homes in Miami and LA.

LeBron James’ multiple million investments in luxury homes, including his deal with Lee Phillip Bell!

After the Cavs drafted him as the No. 1 overall pick in the 2003 NBA Draft, LeBron James started building his real estate. He paid $2.1 million for a Bath Township property, Northwest of Akron. He was only 18 at the time when he spent millions on this 30,000-square-foot property. Presently, the home features a recording studio, movie theater, aquarium, a barbershop, two-lane bowling alley, a sports bar as well as six bedrooms, eight full and six half bathrooms. He still retains ownership, and it’s now worth around $9.2 million.

When LeBron James signed on with the Miami Heat as a free agent, he found a new home, paying $9 million, for a custom-built 3-story mansion in Coconut Grove, Florida. This contemporary-style home featured amazing sea views, a guest house, an 8-seat home theater, a wine cellar, a spa, and a gym. It has six bedrooms, eight bathrooms and floor-to-ceiling windows. The former Mimi Heat player listed the 178-square-foot mansion for $17 million in 2014 and it sold for $13.4 million the next year.

The All-Star hooper returned to the Cavs in 2014. He clinched a 9,440-square-foot colonial mansion in 2015 for $21 million. The Brentwood place had six bedrooms, eight bathrooms, a wood-framed office, and a gym. In the backyard, there was an infinity-edge swimming pool and a basketball court next to a three-car garage. It had a double-height foyer, a wood-paneled office, and a Calacatta marble kitchen. He listed the home for $20.5 million in 2021 and sold it for a mild loss at $19.6 million that September.

In 2017, when he was still in Cleveland, just ahead of his decision to join the Lakers, he purchased a $23.5 millions spec mansion in California. This property boasts eight bedrooms, nine and half bathrooms, a wine cellar, cigar room, theater. The top-of-the-line gym is directly linked to a spa with a steam room, shower, and sauna. The 39-year-old athlete calls that his place of residence to this day.

The Laker then made headlines in 2020, when he purchased a 13,000-square-foot Beverly Hills mansion for $36.8 million. James bought it from soap opera legend Lee Phillip Bell. The Mediterranean-style compound flaunts four bedrooms, eight bathrooms, a tennis court, a pool, multiple fireplaces, and a theater. Last year, however, he decided to demolish the entire mansion to build his dream home. There’s a good chance that Bron wanted something with a more modern feel rather than a vintage look. There haven’t been much updates since the demolition of the old structure, but we are hoping that the new structure will be more than beautiful.

LeBron James Family Foundation bought a former nightclub and event space, Tangier, in Akron, Ohio, in December ’20, to create a community space for families of his ‘I Promise School’ and the greater community. It is known as House Three Thirty now. In March 2023, it opened and features restaurants, meeting spaces, a performance venue, a financial advice center, and even a LeBron James museum.

How much is the NBA’s billionaire King James worth?

LeBron James credits his uncles for teaching him to set up a savings account at an early age. He said, “They’d give me a dollar, and they’d be like, ‘Listen, nephew, go spend 35 cents of it and keep the other 65.’ Or, if they gave me two dollars, they’d be like, ‘Go ahead and spend a dollar of it, but stash the other dollar.”

James made millions from endorsement deals, real estate holdings, and Fenway Sports Group that owns the Boston Red Sox. According to Spotrac, he’s earned more than $479 million in 20-odd years playing for the Cavs, Miami Heat, and Lakers.

Forbes estimates King James has more than $500 million in cash and other investments, along with an $80 million real estate portfolio. He also holds a $40 million stake in Blaze Pizza. Deals with PepsiCo. and Walmart has made him millions of dollars.

Maverick Carter, James’ longtime business partner, told GQ that Bron’s deal with Nike is worth more than $1 billion. During the 2003 NBA draft, he was one of the most talked about prospects, as a result, sneaker companies like Reebok, Adidas, and Nike wanted to sign him. Ultimately, Lebron James picked Nike for $90 million over seven years, even though Reebok had offered $118 million. He explained that he felt he had more of a future with Nike than with Reebok, then going on to sign a lifetime deal with the brand.

Some of the most lavish investments of LeBron James’ include Beats by Dre, Blaze Pizza, SpringHill Company, and Fenway Sports. According to Forbes, NBA All-Star was the first active player to become a billionaire. 10 years ago, James told GQ he aspired to become a billionaire. The Akron Hammer said, “If it happens. It’s my biggest milestone. Obviously. I want to maximize my business. And if I happen to get it, if I happen to be a billion-dollar athlete, ho. Hip hip hooray! Oh, my God, I’m gonna be excited.”

LeBron James has a net worth of $1.2 billion as of September 2024. The NBA’s first billionaire was the legendary Michael Jordan, who became one in 2014, 10 years after retiring. What do you think of King James’ real estate portfolio and his financial wisdom?

Let us know in the comments below.

Before you go, remember to check out this crossover between BG12 and Georgia Bulldogs star Silas Demary Jr.