LeBron James is officially a billionaire, according to yahoo sports.
The Los Angeles Lakers star is worth an estimated $1 billion, yahoo sports said while quoting Forbes.
This makes him the first active NBA player to join the billionaire club.
The only other basketball player to be worth 10 figures is Michael Jordan, who earned that moniker 11 years after he retired when his stake in the Charlotte Hornets increased to 89.5 per cent in 2014.
While James has earned more than $385 million in pretax salary during his 19-year NBA career, per Forbes, he accrued most of his wealth off the court through some savvy business moves over the past few years.
Those investments helped him grow his net worth to the estimated $1 billion thresholds he only recently crossed.
James manifested this milestone after saying he wanted to become a billionaire in a 2014 interview with GQ.
“If it happens. It’s my biggest milestone. Obviously. I want to maximize my business. And if I happen to get it, if I happen to be a billion-dollar athlete, ho. Hip hip hooray! Oh, my God, I’m gonna be excited.”
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