LeBron James or Michael Jordan? Who is the best basketball player in NBA history always sparks heated debates. It is undisputed that both have made an incredible amount of money from their skills. James also with his investments – as a new example shows.
Around 60 percent of NBA players are financially broke within five years of retiring from basketball. There are many reasons for this: bad investments, bad financial decisions, reckless spending, hiring the wrong agents/financial advisors, unwise and irresponsible decisions in handling their money and much more.
This is unfortunate; but there are also many NBA players who have made wise financial decisions and invested wisely to keep their money growing — not shrinking.
One of them is LeBron James, who recently became the first active athlete to become a billionaire.
James not only has a billion dollar lifetime deal with Nike and owns a portion of Beats by Dre headphones.
In 2011, the four-time champion invested $6.5 million for a 2 percent stake in English Premier League club Liverpool FC. That investment has more than quadrupled in value and is now valued at $35 million.
But LeBron’s best investment might be Blaze Pizza. In 2012, LeBron bought a 10 percent stake for $1 million.
This investment has grown incredibly over the following years as the company has grown into a nationwide chain. Blaze Pizza generated over $400 million in sales in 2019.
The following graphic shows the exact growth of his investment:
This article was written by Kano Klas
The national team trips were actually intended as a refreshment cure for the Bayern stars. But many have returned with even more frustration. Now it finally needs a change of mood.
Mick Schumacher’s Formula 1 future remains open. An agreement on a new contract with his Haas racing team beyond the end of the season is still not in sight. Team boss Günther Steiner keeps quiet about this.
There are crucial weeks ahead for FC Bayern – and also for their coach Julian Nagelsmann. However, the criticized coach has no thoughts of resigning after the weak September in the Bundesliga. Rather, conversations with old acquaintances strengthened him.
Also exciting:
Amazon Prime Day 2022 – the sequel: Prime subscribers can shop for exclusive bargains again as early as October. With the second Prime Day this year, Amazon heralds the pre-Christmas shopping season.
Originally posted by OpenCourt Basketball, LeBron James Makes $400M From Pizza From One Million.