3 times billionaire LeBron James proved he’s notoriously cheap: the basketball legend rode a bike to a game in Miami and refused to pay for the blue checkmark on the new Elon Musk-helmed Twitter
James’ most recent contract is a two-year, US$97 million one with the Lakers that will pay him US$50 million in 2024-25 – and he makes more than that off the court. While he has expensive taste when it comes to cars and houses, he is also famously cheap and tight with his money.
LeBron James is one of the wealthiest athletes ever
James has made US$432 million during his 20-year NBA career. He also signed a two-year, US$97 million extension with the Lakers that will give him US$141 million over the next three years. The extension will make James the highest-earning player of all time, with US$532 million.
Thanks in large part to his lifetime deal with Nike, James is now a billionaire, according to Forbes. The media company estimates that he has earned “upwards of US$900 million in income from endorsements and other business ventures”.
… But he is also open about how cheap he can be at times
Warren Buffett was kinder, saying of James, “He’s savvy. He’s smart about financial matters.” The famed investor added, “It’s amazing to me the maturity he exhibits.”
Here are 3 times that “King James” showed his true thrifty colours.
1. He won’t use his phone if it is not on Wi-fi
“No, I’m not doing that,” James once said. “I’m not turning on data roaming, I’m not buying no apps, I still got Pandora with commercials.” When the music streaming service heard that, it offered James a free premium account.
2. He was once spotted riding a bicycle to a game in Miami
3. LeBron also said he would not pay for a blue checkmark on Twitter
Despite his money savvy, James does have expensive tastes in some areas and also gives a lot of money to charitable endeavours.
- LeBron James recently signed a two-year, US$97 million contract with the Los Angeles Lakers, making him the highest-paid NBA player of all time – and he makes more than that off-court
- His lifetime deal with Nike helped secure his billionaire status, but he’s been called ‘the cheapest guy in the NBA’ by Miami Heat guard Dwyane Wade, although Warren Buffett had kinder things to say