It seems that LeBron James can do absolutely no wrong no matter what he does. Whether it’s winning All-Star votes, NBA titles or Olympic gold medals, LeBron James is just winning at life in general. The latest proof of this is that a new report states LeBron is set to make a whopping $30 million in extra cash off of the Beats Audio sale to Apple that is going through finalization.
James’ off-court business is booming, thanks to a string of investments paying off massively and the prospect of new opportunities in endorsements and entertainment projects promising to expand his wealth significantly in coming years.
In a recent example, while James was leading the Heat to a victory over the Indiana Pacers in the Eastern Conference finals, sources say the 29-year-old was finalizing what is believed to be the biggest equity cash payout for a professional athlete in history as part of Apple’s recent $3 billion purchase of Beats Electronics. Sources briefed on the situation say James realized a profit of more than $30 million in cash and stock in the Beats sale after he had struck a deal to get a small stake in the company at its inception in 2008 in exchange for promoting its high-end headphones.
James can seemingly do no wrong and it’s something he’s been doing his whole career. Recently, LeBron noted that he is thinking about his legacy beyond basketball and his life after the game, something that this seems to emphasize. Not only is LeBron a superstar on the court but off it he’s a savvy businessman who is clearly going to do well after basketball thanks to his smarts outside of the game.