How rich is LeBron James? Here's a breakdown of his wealth.
CBSN
LeBron James' move this week to buy into a professional pickleball team is unlikely to weigh heavily on his pocketbook.
The Los Angeles Laker star became a billionaire earlier this year due to his mix of real estate holdings, ownership in sports teams, and many sponsorship and endorsement deals, according to a Forbes estimate that pegged his net worth at $1.2 billion. That milestone is one James has been working toward for almost a decade. In a 2014 interview with GQ, he said he was working to maximize his business ventures and that he would be excited to one day hit the billion-dollar mark.
James' endorsements and business ventures have generated about $900 million in income, Forbes estimates. Then there's basketball. James, who will start his 20th season in the NBA next month, has played for three teams and earned $385 million in total salary on the court, Forbes reported. More recently, he signed a two-year contract with the Lakers worth $97.1 million in a deal that made him the highest-earning NBA player in history, according to Bloomberg.
President Biden on Monday signed into law a defense bill that authorizes significant pay raises for junior enlisted service members, aims to counter China's growing power and boosts overall military spending to $895 billion despite his objections to language stripping coverage of transgender medical treatments for children in military families.
It's Christmas Eve, and Santa Claus is suiting up for his annual voyage from the North Pole to households around the world. In keeping with decades of tradition, the North American Aerospace Command, or NORAD, will once again track Santa's journey to deliver gifts to children before Christmas 2024, using an official map that's updated consistently to show where he is right now.
An anti-money laundering law called the Corporate Transparency Act, or CTA, appears to have been given new life after an appeals court on Monday determined its rules can be enforced as the case proceeds. The law requires small business owners to register with the Financial Crimes Enforcement Network, or FinCEN, by Jan. 1, or potentially pay fines of up to $10,000.