@chairman_bang@NBA__Courtside Nah, he’s just saying the defending champs with a stacked roster is more talented than his team that happens to be missing their best player. This one isn’t hard to comprehend 🤷🏿♂️
@paydayfantasy OKC is loaded so any top tier star would thrive. Luka would mess with the chemistry because that team moves the ball and plays great team defense. They are so stacked they'd overcome his weaknesses. I also believe SGA would make the Lakers better because he doesn't need the ball
LeBron James says he isn't a billionaire. Forbes has him at $1.4 billion. He's right.
He went on Complex this week, held up a $405,040 Richard Mille, and said the watch was free. He said his bank account holds a couple thousand. He said his kids have all the money now.
Every line is accurate.
The Lakers paid him $48.7 million this season. His off-court income runs around $80 million annually from Nike, PepsiCo, Beats, and a dozen other brands. None of that sits in a checking account at age 41. It moves into investment vehicles the same week it clears.
The Richard Mille is the RM 65-01 LeBron edition, limited to 150 pieces globally. He didn't buy it. He co-designed it. Richard Mille gave him 001/150 because every paparazzi photo of his wrist sells the next 20 to oil magnates and tech founders. The watch is technically free in the same way the MacBook Tim Cook holds at a keynote is technically free. The brand pays the principal to wear the product.
The 2011 Fenway Sports Group deal is the textbook version of the trade. LeBron got Liverpool FC equity for marketing services, zero cash out of pocket. Liverpool was valued around $300 million at the time. The club sits above $5 billion today. He converted that stake into a broader FSG position in 2021, which now also includes the Red Sox and Pittsburgh Penguins. FSG itself runs north of $12 billion. He paid nothing for any of it.
SpringHill is the bigger one. RedBird Capital led a 2021 round at a $725 million valuation, with Nike and FSG also putting capital in. LeBron remained the largest single shareholder. The company just merged with Fulwell 73, which extends the slate without diluting his control. None of that equity is liquid. It compounds inside a holding structure that does not show up on a bank statement.
Now the kids. "They got all the money now. They take care of dad." Read that as an estate plan said out loud. Move appreciating assets into trusts in your heirs' names while the assets are still small. Pay gift tax on the original valuation. The S&P doubles, the trust doubles, the IRS already saw its slice. The Walton family ran this on Walmart in the 1980s. The Mars family ran it on candy.
The Complex headline is "LeBron reveals he's not a billionaire."
$1.4 billion is the entity. Couple thousand is the man.
@Rageoverrun@paydayfantasy Jordan has played when he was the underdog.... And lost. That's the point. It's a team sport, and until his team got better, he didn't carry them past teams that were better than his. Not a knock on MJ at all. When he finally got Pippen, Grant and Phil, he handled his business.
Did you take an L on the Virgil Abloh Archive x Air Jordan 1? 🤔
We’ve linked with The Better Generation to give a few of you the chance to win a pair at retail price! 👀🔥
TWO STEPS TO ENTER:
- Follow @TBGeneration
- Quote tweet with your US size
Winners announced 5/4 🗓️
@nicekicks@speakeasytlkshw OR make a pair of shoes that is fit for hooping but has lifestyle sneaker vibes. That's why J's are still loved. Tech is a much bigger deal now, but design isn't appealing. People don't want American player shoes because ot the player alone. It's the style 1st.
GIVEAWAY: We're giving away a FREE pair of the Virgil Abloh Archives x Air Jordan 1 High Alaska ❄️❄️❄️
To Enter:
1️⃣ Retweet & Like
2️⃣ Comment your size
3️⃣ Must be following @SoleRetriever
@karidaniels If you see the possibility of scoring 80 points in a game.... A ONCE IN A LIFETIME opportunity, you're going for it. Free throws or not, that ain't easy. Congrats to him. The legacy protection for Kobe and Jordan gets out of hand sometimes. smh
@2Cool2Blog@BootlegKev This is like saying the first pair of sneakers ever created was weak so how can anyone judge sneakers now? If you don’t understand creating something new, innovation and improvement, just say so. This was a narrow minded statement. Especially for someone in the culture to say.