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Last night, LeBron James has become the NBA's all-time leading scorer, passing Kareem Abdul-Jabbar's 39-year-old record. Los Angeles Lakers star James, 38, hit 38 points in a 133-130 defeat by Oklahoma City Thunder to surpass Abdul-Jabbar's mark of 38,387.
We will know is greatness on the court, but he is also great, outside the court with is money and investments.
LeBron James, the NBA superstar, has been known to be an astute businessman and investor. He has made wise investments in a variety of companies and industries, including tech, entertainment, and sports. Some of his investment principles include:
Diversification: LeBron invests in a wide range of companies, spreading his risk and increasing his chances of success. Long-term thinking: He is not afraid to take a long-term approach, recognizing that investments may take time to pay off but can result in significant returns over time.
Research and due diligence: LeBron does his homework before making any investment decisions, carefully researching the companies and industries he is considering. Alignment with personal values: He invests in companies and causes that align with his values, such as social and environmental responsibility.
Collaboration with experienced partners: LeBron has teamed up with experienced investors and business partners to help guide his investment decisions and maximize his returns.
Forbes value James net worth at $1 billion, largely due to a spate of lucrative endorsement deals that often lead to him taking equity stakes in companies. James was the world’s second-highest paid athlete in Forbes 2022 rankings, making $41.2 million on the court and $80 million off of it (including for his role in Space Jam: A New Legacy and endorsements with Nike, PepsiCo and Walmart), behind only Paris Saint-Germain’s Lionel Messi. James became the first active NBA player to reach billionaire status last year.
These principles have helped LeBron build a successful investment portfolio and become a savvy businessperson and investor.
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Please note that the article should not be considered as investment advice or marketing, and it does not take into account the personal data and requirements of any individual. It is not a substitute for the reader's own judgment, and it should not be considered as advice or recommendation for buying or selling any securities or financial products.
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The Score performance whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained.
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