By:Nigel Taylor
Senior Writer
London,UK
Lakers star LeBron remains the game’s biggest currently active star, but his net worth is eclipsed by another NBA great.The world’s richest basketball player has a vast billion-dollar fortune that far outstrips some of the game’s biggest stars – but it’s not NBA and LA Lakers legend LeBron James.
LeBron is the game’s biggest currently active star, and is still going strong for NBA giants in his late 30s.
According to Forbes, he is now among the small group of major sports stars with a net worth of over a billion dollars, and is worth an estimated $1.2billion (around £957.5m).
But his incredible nest egg is eclipsed by another great of the game, who many hail as the greatest to ever grace the NBA.
Michael Jordan established his “GOAT” status in the 1990s during his incredible run with the Chicago Bulls, the indominable focal point of the all-star team that swept up six NBA titles.
He was named Finals MVP each time and played for the Washington Wizards in the final two years of his career.But though “MJ” made tens of millions during his 16-year playing career, he took his wealth to another level after retiring in 2003.
In 2015, he became the first billionaire athlete thanks to a series of canny investments and lucrative brand partnerships.His most notable moneymakers include Nike’s wildly popular Jordan brand, and his purchasing of the Charlotte Hornets NBA team for $175 million in 2010, which he sold 13 years later for a whopping $3 billion, as per Forbes.He’s currently estimated to have a net worth of $3.2billion (around £2.5billion).
Magic Johnson, another of the sport’s most celebrated names, also ranks among the richest with an estimated net worth of $1.6billion (more than £1.2billion), according to the outlet.
Born Earvin Johnson Jr., the Lakers star earned his nickname when breaking through as a teenager and earned around $40 million during his time as a player from the late 1970s to the early 1990s.
But like Jordan, he distinguished himself as a businessman after quitted the game, buying ownership stakes in American football, basketball and baseball teams, and joint venture partnerships in various sectors, including real estate and healthcare.
Most of his money comes from a 60% ownership stake in life insurance firm Equitrust, which has seen its assets under management skyrocket from $16 billion to $26 billion since he took over in 2015.
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