Billionaire LeBron James Set to Earn Millions More as Liverpool Owners Provide Major Update

LeBron James is considered to be one of the smartest players to ever grace a basketball court. The 4x champion has displayed his intelligence on various occasions throughout his legendary career. Similarly to his feats on the court, The King has showcased his wits off the court with multiple investments. Keeping in mind the net worth of the 4x NBA champion, it’s no doubt he has made the right moves in his business career. Adding to the above, LeBron James‘ latest increase in his equity with a multi-national sports conglomerate involving Liverpool FC has caught the attention of the NBA world. 

Fans believe this is an attempt by the Lakers star to increase his net worth in the coming years. After becoming the first active billionaire in the NBA last year, James is set to raise the bar once again.

LeBron James reaffirms his commitment to Fenway Sports Group

Before being termed as a ‘billionaire’ by Forbes, James, along with his business partner Maverick Carter, had received around a 1% stake in Fenway Sports Group. The sports group owns teams across various sports. With Mike Gordon as the president of the multi-national conglomerate, they own the MLB’s Boston Red Sox, the Premier League’s Liverpool F.C., and the National Hockey League’s Pittsburgh Penguins. 

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The net worth of teams under the ownership of Fenway Sports Group has made a huge appreciation. The net worth of the Boston Red Sox has increased five-fold in a span of ten years. Considering the big numbers, it seems like the deal will benefit the 4x MVP in the near future. 

Being the highest-paid active basketball player in the world, it’s no wonder the Lakers star has made the right decisions in his investments. The 38-year-old has signed a lifetime deal, increasing his equity and deepening the relationship with Liverpool FC. 

A look into other investments made by The King

The most famous endorsement of the NBA scoring leader is his partnership with Nike. The two have been releasing dashing and eye-catching pairs of sneakers over the years for his fans. Moreover, his investment in ‘Blaze Pizza’ is considered to be one of his best investments of late.

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James has made millions with the pizza chain and was also featured in a hilarious commercial that went viral on YouTube. In his latest signing with FSG, the basketball world believes his net worth is set to increase. What are your thoughts on James’ investments? Share in the comments below.