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Thread: LeBron James Nets Big Pay Day Thanks to Apple's Beats Buy

  1. #1
    MMi Staff Writer Michael Essany's Avatar
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    Default LeBron James Nets Big Pay Day Thanks to Apple's Beats Buy

    King James is a little bit richer today thanks to Apple.

    Okay, he's a lot richer thanks to Apple. And that's nothing to shake a stick at, especially since LeBron James is a spokesperson for Samsung.

    The Miami Heat superstar, according to ESPN writers Marc Stein and Brian Windhorst, scored a reported $30 million pay day following Apple's acquisition of Beats Electronics:

    While James was leading the Heat to a victory over the Indiana Pacers in the Eastern Conference finals, sources say the 29-year-old was finalizing what is believed to be the biggest equity cash payout for a professional athlete in history as part of Apple’s recent $3 billion purchase of Beats Electronics. Sources briefed on the situation say James realized a profit of more than $30 million in cash and stock in the Beats sale after he had struck a deal to get a small stake in the company at its inception in 2008 in exchange for promoting its high-end headphones.
    For those who love LeBron, this news comes as a major boost to the athlete's business savvy and credibility as a businessman. For his haters, it's another reason to hate. Either way, LeBron James is dribbling all the way to the bank once again.

    Source: Washington Post

  2. #2
    Just another reason NOT to buy anything he endorses.

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