From a $38m Beverly Hills property to fancy suits to a cryo chamber. Here is how NBA star LeBron James spends his millions – The 5th highest paid athlete still does not pay for data roaming or buys paid iPhone apps

LeBron James is worth an estimated US$500 million – so how does he spend it all? Photo: @kingjames/Instagram

LeBron James has earned it all: the 36-year-old basketball legend has won championships, MVPs, and gold medals. He has been the face of the NBA for almost a decade, establishing himself as one of the greatest basketball players in the world.

According to Forbes, James is the highest-paid NBA player. He is also near the top of the 2021 list of highest-paid athletes at No 5, earning US$85.5 million from his salary and endorsements.

Los Angeles Lakers forward LeBron James reacts after suffering an injury against the Phoenix Suns in game one in the first round of the NBA Playoffs at Phoenix Suns Arena in May 2021. Photo: USA Today Sports

In 2018, Forbes estimated his net worth at US$450 million. This year, Celebrity Net Worth estimates that James is now worth US$500 million.

As one of the most influential sportspeople in the world, how does he spend his millions?

He takes care of his body
James’ performance on the court is attributed to his physique. He knows that his body is his most valuable asset, and according to Business Insider, he spends US$1.5 million a year to maintain it, covering costs from his home gym, trainers, massages, therapist, and nutritionist.

James also undergoes treatments to prepare and recover from games. According to Business Insider, he was one of the first players to invest in a cryo chamber, which uses liquid nitrogen as a more efficient version of an ice bath.

Also read -  Take a look at the 5 most stunning rooftop bars in Asia

LeBron James’ Beverly Hills mansion. Photo: @erealty/Twitter

He bought a US$36.75 million mansion
In 2020, James bought a Mediterranean-style compound in Beverly Hills for US$36.75 million. The property has a history: it was built in 1930 and belonged to the estate of Lee Phillip Bell, a talk show host, and soap opera creator. It was previously owned by actor Charles Boyer and Howard Hughes, who leased the mansion to his lover Katharine Hepburn.

The mansion features four bedrooms, seven bathrooms, and two guest houses, as well as a tennis court and a cinema. It sits on one hectare (2.5 acres) and offers a view of the city.

LeBron James. Photo: @redmensupporters/Instagram

He invests wisely
James has been a part-owner of Liverpool FC, an English Premier League football club, since 2011. He bought a two percent stake at US$6.5 million, which is now worth £37 million (roughly US$52 million), according to a recent evaluation of the club by accountancy firm KPMG, as per BBC.

He doesn’t want to spend on data
When Dwayne Wade was asked who the cheapest guy in the NBA was, he revealed James. In an ESPN interview, James responded, “that is so, so, so, so, falsely true.”

He also admitted he doesn’t turn on data roaming and won’t purchase apps or pay for a Pandora subscription. When Pandora heard about this, the app offered him a premium account, and James accepted, replying, “if you insist.”

He bought Thom Browne suits for his teammates
James may be careful with what he spends on himself, but in 2018 he wanted his team at the time, the Cleveland Cavaliers, to make a fashionable entrance for their Game 3 match against the Indiana Pacers. So he bought his teammates matching Thom Browne suits. And they were no ordinary suits: according to The Hollywood Reporter, they were “custom, made-to-measure Super 120 twill suits with white Oxford shirts, four-bar cashmere cardigans, leather brogue boots, and Mr. Thom bags”. Sports Illustrated estimates that each suit costs a little less than US$5,000.

Also read -  She started as a humble chemistry teacher and is now the worlds richest self made female billionaire - Its real life Breaking Bad, without the crime

Note: This story was originally published on SCMP and has been republished on this website.

Tags from the story
Written By
First published in 1903, the South China Morning Post is Hong Kong’s premier English language newspaper, providing news 24/7, in-depth and quick scan reads, informative infographics, critical analysis, community discussions plus access to the most comprehensive news archive in Hong Kong. Over the decades it has built an enviable reputation for authoritative, influential and independent reporting on Hong Kong, China and the rest of Asia.