Winning: Lebron James Made $30 Million in Beats By Dre Acquisition

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The more hate you throw Lebron’s way, the more he just keeps on winning…. We are talking about Apple buying Beats by Dre , Lebron James has made $30 million for occasionally wearing  the headphones.  James received a small stake in Beats by Dre Electronics back in 2008 for doing nothing more than agreeing to wear said product on his head.. Now look at him!

According to the Bleacher Report:

James’ off-court business is booming, thanks to a string of investments paying off massively and the prospect of new opportunities in endorsements and entertainment projects promising to expand his wealth significantly in coming years.

In a recent example, 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.

 

I see why Bron got so many haters. Keep doing you LeBron, keep doing you while walking all the way to the bank.

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