LeBron James has displayed an astute business sense and mature patience in his contract negotiations by opting for shorter term deals in order to maximize his long-term earnings potential. His disciplined approach has secured him the top earner’s position in the NBA with an annual income of over $30 million, according to Sports Illustrated. LeBron has also done well in applying the art of diversification which has fetched him over $40 million per year in lucrative endorsements with companies such as Coca-Cola, Dunkin Brands, McDonald’s, Nike, State Farm, and Samsung. In addition, LeBron has been complemented by none other than the Oracle of Omaha himself, Warren Buffet, as being something of a savvy investor. The small forward for the Cleveland Cavaliers became one of the original investors in the Blaze Pizza chain in 2012 which had an 83% rise in sales last year. LeBron has also been credited with having bought a position in Beats Electronics before it was acquired by Apple which had reportedly netted him over $30 million. Investors can take a cue from some of these smart moves LeBron has made off the courts in his financial pursuits.
Anthony Montenegro has been featured in: Forbes, The Huffington Post, CNBC, U.S. News and World Report, MSN Money, Entrepreneur, The Simple Dollar, Go Banking Rates and Yahoo Finance!