NBA fans must certainly be aware that LeBron James became a billionaire a while ago. However, it also turns out that the King is considered to be one of the cheapest NBA players according to his former teammate and close friend.
We all know who Dwyane Wade is. He and LeBron James led the Miami Heat to win back-to-back titles in 2012 and 2013. It wouldn’t be unfair to claim that D Wade probably knows LeBron better than all his other teammates. With that being said, we should wonder why Wade decided to call LeBron out for being cheap. Moreover, we should also know how James responded to this accusation and more context.
LeBron James seems to only spend on investments and endorsements
Fans of the King must certainly be aware of his business portfolio and success in the financial world. Over the past 2 decades, LeBron has created a business empire by investing in and endorsing various other brands and organizations. That is how he was able to cross a net worth of over $1 Billion while still playing in the league. This is a feat that none have been able to accomplish so far.
LeBron James is a billionaire for several reasons. He has significant holdings and stakes in a multitude of ventures such as Blaze Pizza, Liverpool FC, and the Boston Red Sox. He also owns a part of a movie production company with his friend Maverick Carer called Springhill entertainment. All of this added to his various endorsements and promotions, along with the money he made from playing in the NBA is how the King crossed a Billion dollars.
Nonetheless, Dwyane Wade didn’t hesitate in claiming that LeBron James is the cheapest player he had ever met during an interview. Here is LeBron’s hilarious reaction to the accusation.
“That is so so so falsely..,.true. I’m not turning on data roaming, I’m not buying no apps. I still got Pandora with commercials. Im not paying for it! I’m not paying.”
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There is certainly a difference between having the ability to earn money and spending it. While the 4x NBA champion has shown he can definitely bring in big money, he still struggles to spend it. That also explains how he was able to amass this much wealth in a relatively short amount of time.
