Featured Image Credit: Getty
Topics: Lebron James, NBA, LA Lakers
Luke Davies
NBA icon LeBron James revealed that he issued his financial advisor a warning with regards to his personal finances.
James, 40, is widely considered to be one of the greatest basketball players to have graced the NBA alongside Michael Jordan, Kobe Bryant and Steph Curry.
The 40-year-old who hails from Akron, Ohio, is one of the most well-known sports stars on the planet, and as a result of his talents and popularity, he now boasts vast wealth with his most recent LA Lakers contract reportedly earning him an average salary in excess of $50million per year.
Aside from his on-court exploits, the Lakers man also earns an eye-watering amount from endorsing various brands, including Nike, Pepsi and Beats by Dre, just to name a few.
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In 2015, during his time with the Cleveland Cavaliers, LeBron signed a lifetime deal with Nike, said to be worth over $1billion – although the exact terms are not public.
But one thing is for sure: LeBron is not short of cash, as according to Forbes, his real-time net worth is $1.3B.
However, LeBron and his family, by his own admission, were not blessed with huge sums of cash during his childhood.
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The now-40-year-old was raised by a 16-year-old single mother in the projects of Ohio, which has given him a scarcity mindset when it comes to finances, with LeBron admitting that he didn’t have much growing up during an episode of the 'Everybody’s Crazy' podcast, hosted by his wife, Savannah.
“It’s hard for me sometimes to take risks [with investments],” LeBron said before adding that he’d be “devastated” if he had to “start over” financially.
“I have a lot of more risky friends, and friends that are less risky,” he added.
“But for me, like, when I'm talking to my business partners and s*** like that, financial advisers, you know, accountants, all that type of s***.
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“My financial adviser, the first thing I told him when he wanted to manage my money was if you steal my money, bro, or if I'm broke, bro, I’m letting you know, bro, it ain’t going to be good for you."
LeBron, who will compete in his 23rd NBA season this term, will miss the start of the 2025/26 campaign due to sciatica. He is due to be re-evaluated in three to four weeks’ time, according to NBA.com.