NBA superstar LeBron James recently became a billionaire thanks to his success on the hardwood and his marketability. Also, one more thing could be considered one of the important reasons behind his fortune. He does not spend much. Despite being a billionaire, James doesn’t spend his money mindlessly. Yes, he has some expensive supercars, owns mindboggling mansions, an expensive wardrobe, among other indulgences. Also, he spends a huge amount of money on his body and health. However, he does not spend on things that are not necessary to him.
James reportedly signed a two-year $97.1 million contract extension with the Los Angeles Lakers recently. Even before he stepped into the league, the forward signed one of the biggest contracts with Nike as a teenager. He is one of the highest-paid players from endorsements. With all this and his smart investments over the years, he became the first active basketball player to become a billionaire.
LeBron James does not spend unnecessarily
ADVERTISEMENT
Article continues below this ad
LeBron James is not just a smart investor, he is smart at spending money as well. James has a knack for not spending money on things that might not give him a return. For instance, the four-time MVP once revealed he does not have Spotify Premium, an option that would have cost him only $10 per month. Moreover, he disclosed that he does not pay for any apps he uses.
Furthermore, he doesn’t always pay for his dinner. Former Lakers teammate Kyle Kuzma once hilariously revealed James made the rookie pay for his dinner. The 18-time all-star does not hide his tendency to not spend to his teammates. It looks like almost every teammate of his knows about it.
ADVERTISEMENT
Article continues below this ad
Miami Heat legend Dwyane Wade experienced it firsthand when James played for the Heat. Wade talked about it in 2016 when he made an appearance on Kelly Ripa?s show.
Dwyane Wade’s take on James’ spending
During the show, the host asked who Dwyane Wade thinks is the cheapest guy in the NBA. Without any hesitation whatsoever, The Flash named James the cheapest player in the league. Wade stated, ?Oh, LeBron. He?s a good tipper, but he won?t use his cellphone without WiFi signals. This is no joke. He sends me a text before he leaves for the boat, because there won?t be no WiFi signal out there.?
ADVERTISEMENT
Article continues below this ad
WATCH THIS STORY – Shaquille O?Neal Could Buy LeBron James? Former Team Using $600 Million Net Worth
When James was asked about Wade’s comments, he was not embarrassed about it. He explained how he doesn’t pay for apps, data roaming, etc. The spending discipline of a billionaire like James is unbelievable, especially considering the number of NBA stars who have lost everything by overspending.