How Lebron ACTUALLY became the NBA's 1st billionaire?
Spoiler it was not through dribbling.
It’s through EQUITY in normal biz's not fancy endorsements...
A 🧵...
Spoiler it was not through dribbling.
It’s through EQUITY in normal biz's not fancy endorsements...
A 🧵...
James does do endorsements...
- aka Give me money and I talk about your product
- he’s bigger on ownership w/ equity
So if you want to do a deal with Lebron - you gotta give him skin in the game.
My favorite way to do deals.
Wanna know wha he owns?
- aka Give me money and I talk about your product
- he’s bigger on ownership w/ equity
So if you want to do a deal with Lebron - you gotta give him skin in the game.
My favorite way to do deals.
Wanna know wha he owns?
#1 Doubles down on wha the knows.
SPORTS.
- Part owner of the Boston Red Sox AND Liverpool Football club
SPORTS.
- Part owner of the Boston Red Sox AND Liverpool Football club
#2 Hollywood baby
- Part ownerr Springhill entertainment aka he makes movies like Space Jam 2
- Part ownerr Springhill entertainment aka he makes movies like Space Jam 2
#3 Media Using that Big Ole Following of His
- Uninterrupted - his media company he started
- He started when Laura Ingraham told him to shut up and dribble
- Instead he spoke up, dunked on her, and made cash $$
- Uninterrupted - his media company he started
- He started when Laura Ingraham told him to shut up and dribble
- Instead he spoke up, dunked on her, and made cash $$
#4 Things he likes...
FOOD.
- Blaze pizza - a pizza chain where sometimes he’s even behind the counter and now has stores all over
FOOD.
- Blaze pizza - a pizza chain where sometimes he’s even behind the counter and now has stores all over
#5 Satellite to his main thing businesses
SPORTS NUTRITION
- Ladder - sports nutrition and supplement company
- has his trainer run it
- and even partners with Arnold the terminator Schwarzenegger
SPORTS NUTRITION
- Ladder - sports nutrition and supplement company
- has his trainer run it
- and even partners with Arnold the terminator Schwarzenegger
#6 Leverage His Circle
Beats by Dre
- he promoted their headphones 4 equity
-when they sold to Apple for $3 billion, James got a big fat $30 million check
For that reason according to ESPN he had:
"the biggest equity cash payout for a professional athlete in history"
Beats by Dre
- he promoted their headphones 4 equity
-when they sold to Apple for $3 billion, James got a big fat $30 million check
For that reason according to ESPN he had:
"the biggest equity cash payout for a professional athlete in history"
TLDR
Don’t shut up and dribble, speak up and get equity.
Don’t shut up and dribble, speak up and get equity.
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