LeBron James is more than just a basketball player. He's a billionaire entrepreneur who has built a diverse business portfolio that includes media, sports, and food investments. Remember, you're more than just your name, and your job, you're in charge of your families legacy and are more than capable of building it even if you're name isn't LeBron James! Here are five major investments that have contributed to his wealth and how they can inspire your own financial success.
1. Cash and Investments: The Foundation of Wealth
Forbes notes that cash and investments make up the biggest portion of James' wealth, with more than $500 million. This means that he has a solid financial foundation that allows him to take risks and make big investments. To achieve financial success, it's essential to have a strong financial foundation that includes saving, budgeting, and investing.
2. The SpringHill Company: Investing in Your Passions
James' media company, The SpringHill Company, has made $300 million in investments and backed films such as Space Jam: A New Legacy. By investing in his passions, James has been able to build a successful media empire that aligns with his values and interests. To achieve financial success, it's important to invest in things that you're passionate about and that have the potential to generate long-term returns.
3. Fenway Sports Group: Diversification is Key
In 2021, James invested in Fenway Sports Group and became a part owner of the Boston Red Sox. His investment is estimated to be worth $90 million. By diversifying his portfolio, James has been able to spread his risk and generate multiple streams of income. To achieve financial success, it's important to diversify your investments across different asset classes, industries, and geographies.
4. Blaze Pizza: Investing in Growth
In 2011, James invested in Blaze Pizza, a growing pizza chain. He helped Blaze open a pair of restaurants in Miami and Chicago, and it is estimated that James owns around 20 Blaze Pizza franchises. By investing in a growing business, James has been able to capitalize on the potential for high returns. To achieve financial success, it's important to invest in businesses that have the potential for growth and expansion.
5. Ladder: Investing in Health and Wellness
James is an investor in Ladder, a supplement company that aims to provide high-quality supplements to athletes and fitness enthusiasts. By investing in health and wellness, James has been able to align his investments with his personal values and interests. To achieve financial success, it's important to invest in things that are important to you and that have the potential to generate long-term returns.
Investing like LeBron James may seem out of reach, but with the right guidance, anyone can achieve financial success. Yes you! At Legacy Movement Connection, our experienced investment coaches in Sacramento are bringing Wall Street to Main Street by providing personalized investment advice and education to the masses. With our help, you can build a diverse but practical investment portfolio that aligns with your values and interests, and that has the potential to generate long-term returns. Start your journey to financial success today.