LeBron James Spent $36 Million of His Net Worth On Beverley Hills Mansion Previously Owned by Hollywood Actors
USA Today via Reuters
Oct 27, 2021; Oklahoma City, Oklahoma, USA; Los Angeles Lakers forward LeBron James (6) watches the game from the bench during the second quarter against the Oklahoma City Thunder at Paycom Center. Mandatory Credit: Alonzo Adams-USA TODAY Sports
LeBron James is one of the richest athletes in the world. The Akron-born basketball icon has earned himself a fortune while playing in the NBA, with his endorsements and investments already forming a huge part of his income. Having said that, James chooses to spend his money in various ways, which include million-dollar mansions in Los Angeles.
James, who reportedly earns $85.5 million in a year, is spending his money on mansions, investments, and even equipment to take care of his body. He has spent almost 20 years in the NBA and is currently fifth on Forbes’ The World’s Highest-Paid Athletes list.
Let’s take a look at James‘ Beverly Hills mansion, which cost the Los Angeles Lakers star more than $30 million.
ADVERTISEMENT
Article continues below this ad
Where did LeBron James spend $36 million of his net worth?
According to Forbes, LeBron James is worth $850 million.
However, $36.75 million of his net worth was spent on his lavish Los Angeles mansion, located in the stunning Beverly Hills area. The four-time NBA champion bought the house last year, the property consisting of a rich history and various nations. It is a Mediterranean-style home, constructed in 1930.
Trending
Countdown Starts for Charles Barkley and TNT Crew as Ernie Johnson Makes Heartfelt Confession Before Parting
May 16, 2024 06:00 AM EDT
Shaquille O’Neal and Charles Barkley’s Absence From “Inside the NBA” Is Due to TNT’s Uncertain Future, as Per Reports
May 15, 2024 07:32 AM EDT
Mother of 5, Dwyane Wade’s Wife Gabrielle Admits Changing Herself Due to 3 Things
May 13, 2024 12:30 PM EDT
Lakers News: Anthony Davis & LeBron Stand Powerless As 28YO Star Controls LA’s Future In Summer
May 16, 2024 07:32 AM EDT
Exclusive: Real Motive Behind Shaquille O’Neal’s Attack on Nikola Jokić Revealed by Insider
May 15, 2024 12:54 PM EDT
Get instantly notified of the hottest NBA stories via Google! Click on Follow Us and Tap the Blue Star.
Follow Us
LeBron James has purchased a Beverly Hills mansion that was last listed at $39 million, per @darrenrovell
The 13,000 sq-foot property includes a lighted tennis court, a screening room and seven fireplaces.
This is the third LA County mansion that LeBron has bought. pic.twitter.com/lP8EyttX0p
— Top Ball Coverage (@TopBallCoverage) July 4, 2020
While the 17-time All-Star purchased it for over $36 million, the 13,000-square-foot house was previously listed for $39 million.
It was owned by talk show host Lee Phillip Bell, who passed away in 2020, known for his soap operas like The Bold and the Beautiful. Additionally, the four-bedroom mansion was also owned by Charles Boyer and Howard Hughes. Interestingly, Hughes had leased the home to Katharine Hepburn, who he was dating at the time.
James’ mansion is also equipped with seven bathrooms and two guest houses. Of course, the mansion also consists of a cinema and a tennis court, complete with a perfect view of LA.
USA Today via Reuters
Nov 28, 2021; Los Angeles, California, USA; Los Angeles Lakers forward LeBron James (6) shoots the ball against the Detroit Pistons in the second half at Staples Center. The Lakers defeated the Pistons 110-106. Mandatory Credit: Kirby Lee-USA TODAY Sports
Other properties owned by the NBA icon
When James was with the Miami Heat, he lived in a house worth $9 million, which overlooked the Biscayne Bay. In 2015, he purchased a lavish Brentwood mansion in LA, which cost him $21 million. He ended up selling the house in September, for around $19.6 million. Two years later, in 2017, James spent around $23 million for a new home – also located in Brentwood.
The four-time finals MVP has been living in his second Brentwood mansion for some time, the property covering 15,836 square feet in area. It also includes eight bedrooms, a walk-in closet, a cigar room, a wine cellar, and an onyx-lined wet bar. James’ house often features in his social media posts, his daughter Zhuri making a frequent appearance.
LeBron James has listed his Brentwood home for $20.5M, expecting to take a slight loss from the $21M he paid in 2015.
The 9,500sq-ft home includes a gym, theatre & pool overlooking the Holmby Hills.
James still owns 2 other homes in Brentwood & Beverly Hills at a combined $60M. pic.twitter.com/DjfjjOsait
— Joe Pompliano (@JoePompliano) March 3, 2021
How else does LeBron James spend his money?
Apart from his massive real estate purchases, James spends around $1.5 million on his body every year. This not only covers his gym, but also includes his trainers, therapist, and nutritionist – all of whom work hard to make sure James is in perfect health.
ADVERTISEMENT
Article continues below this ad
James has also invested his money in various places, making up a large portion of his income.
USA Today via Reuters
Nov 8, 2021; Los Angeles, California, USA; Los Angeles Lakers forward LeBron James watches game action against the Charlotte Hornets during the first half at Staples Center. Mandatory Credit: Gary A. Vasquez-USA TODAY Sports
In 2018, James came together with Cindy Crawford, Arnold Schwarzenegger, and Lindsey Vonn to create Ladder, a sports nutrition company. He and his partners also own 19 Blaze Pizza franchises in Chicago and South Florida. He also launched SpringHill Entertainment (production) and Uninterrupted (media).
ADVERTISEMENT
Article continues below this ad
That being said, James can end up spending more on another lavish property later in his career, maybe even after his retirement.
What do you think of James’ lavish mansion? Will the 36-year-old buy a new property anytime soon?
Written by:
