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06-12-2014, 11:30 AM #1
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.
Source: Washington Post
06-12-2014, 05:07 PM #2
Just another reason NOT to buy anything he endorses.