Lebron James becomes first active NBA Player to achieve Billionaire Status

LeBron James is officially a billionaire, marking the first time an active NBA player has achieved that milestone. __________ Notably, Michael Jordan is the only other basketball billionaire on Forbes' list. He didn't achieve that until 2014, more than a decade after he retired.According to Forbes magazine, during his career. __________ Forbes said that the Los Angeles Lakers star has "maximized his business," generating more than $1.2 billion in pretax earnings. His NBA salary from three different teams during the past 19 years has amounted to $383 million, and James has "raked in upwards of $900 million in income from endorsements and other business ventures," the magazine said. In addition to lucrative endorsement deals with Nike (NKE), AT&T (T), PepsiCo (PEP) and Walmart (WMT), Forbes said that James structured his deals to include equi...