New York (CNN Business) LeBron James is a billionaire, marking the first time an active NBA player has achieved that milestone, according to one calculation. Forbes said that the Los Angeles Lakers star has "maximized his business," generating more than $1.2 billion in pretax earnings. The four-time NBA champion also has investments in fitness startup Tonal, ridesharing company Lyft and eatery upstart Blaze Pizza. Another lucrative investment for James is TV and movie studio SpringHill Entertainment, which Forbes values at around $300 million. James has long dreamed of being a billionaire.

Source: CNN June 04, 2022 00:17 UTC