Los Angeles Lakers forward, LeBron James is not only one of the greatest players in NBA history but is turning out to be a shrewd businessman too.
With $37 million in annual wages, the 35-year-old can relax and enjoy the good life, but he is deftly investing these earnings to produce a highly-diversified income portfolio.
In 2011 while with the Miami Heat, James invested $6.5 million for a 2-percent stake in English Premier League side Liverpool.
As of 2019, the valuation of the club stood at $2.13 billion, meaning that James’s investment has grown to about $44 million, or by 670 percent.
The investment value is expected to further increase as the Anfield side have only just won the Premier League title, the nineteenth in their 128-year history.
Liverpool is majority-owned by Fenway Sports Group, an American sports company that also owns Major League Baseball team, Boston Red Sox.
Liverpool is arguably the most successful football club in England. In addition to their 19 league titles, domestically the club has seven FA Cups, a record eight League Cups and 15 FA Community Shields. In international competitions, the club has won six European Cups, more than any other English club, three UEFA Cups, four UEFA Super Cups (also English records) and one FIFA Club World Cup.