Published 19:10 IST, August 5th 2020

LeBron James is a 'penny-pincher' despite whopping $480 million net worth

Los Angeles Lakers star LeBron James is a 'penny-pincher' despite boasting of a $480 million net worth, as revealed by former Miami Heat teammate Dwyane Wade.

Reported by: Sreehari Menon
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Los Angeles Lakers star LeBron James has established himself as one of NBA's all-time greats since bursting onto scene with Cleveland Cavaliers in 2004. Over years, James has won a steady string of accolades and his rise to stardom has also meant that man from Akron has accumulated plenty of financial rewards for his consistent performances on court. While LeBron James is one of biggest sports stars in world, 35-year-old is well aware of his humble beginnings and is seemingly a 'penny-pincher' despite raking in millions. 

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LeBron James net worth: Lakers star has a couple of 'cheap habits' according to teammates

Despite being one of richest NBA players, LeBron James is a penny-pincher according to former Miami Heat teammate Dwyane Wade. Wade and James were teammates at Miami and helped franchise to consecutive titles in 2012 and 2013. In an old Live With Kelly and Ryan segment with wife Gabrielle Union, Dwyane Wade said that LeBron James was cheapest basketball star couple had travelled with on vacation.

Wade mentioned that LeBron does all of his texting and emailing within reach of Wifi and is t prepared to pay extra data and roaming charges. In LeBron James interview with ESPN, Lakers star himself confirmed Wade's statement by claiming that y were 'falsely true'. Lakers star said that he does t use his phone without Wifi and does t turn on data roaming. In LeBron James interview, former Heat star said that he is t into buying any apps and has still got Pandora with commercials.

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LeBron James net worth: LeBron James salary

According to Celebrity Net Worth, LeBron James net worth figure can be estimated to be around a whopping $480 million. A significant part of his net worth comes from LeBron James salary, which he bags from Los Angeles Lakers. former Heat star had signed a four-year $153 million contract with Lakers and according to Spotrac, LeBron James salary is estimated to be around $38 million. With James being one of biggest sporting names across globe, Lakers star boasts of a variety of endorsement deals which,h according to reports, constitute 65% of his income.

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Among many LeBron James endorsements is his deal with Nike, which produces LeBron’s signature sneakers. 35-year-old signed a lifetime deal with company in 2015, bagging over $1 billion according to reports. Nike contract earns him $20 million per year which is also considered in LeBron James net worth. James also has endorsement deals with McDonald's, Microsoft, State Farm, Beats by Dre, Coca-Cola, Dunkin-Donuts, Baskin Robbins, Samsung, while he also owns stakes in Beats by Dre and Liverpool FC. 

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Disclaimer: above LeBron James net worth information is sourced from various websites and media reports. This website does t guarantee 100% accuracy of figures.

(Im Courtesy: LeBron James Instagram)

19:10 IST, August 5th 2020