LeBron James owns 19 BlazePizza franchises nationwide, and his $ 1 million investment can now be worth more than $ 50 million.
Some people can touch something and turn it golden. LeBron James turns the ground into millions. The legendary NBA player set for the league’s 20th NBA season isn’t just at the top of his game on the court.
Outside the courtroom, he made himself just as big. King, who chased idol Michael Jordan outside of basketball, became a billionaire this year and became the fifth athlete in the world.
All of his previous investments, along with the Spring Hill Company’s largest and most valuable stake, have helped him reach that number. One of them, the pizza company where he returned NBA revenue to 2012, made him about 50 times that total.
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Blaze has not only served his favorite pizza, LeBron James, but also offered millions of dollars on a platter.
In July 2017, ESPN.com’s Darren Rovell reported that the then Cavaliers star had won at least $ 25 million in a 10% stake in the national chain Blaze Pizza. James said he had just under a million people when Blaze just entered the market in 2012. Currently, he owns at least 19 restaurants nationwide. Forbes In 2017, we called Blaze Pizza “the fastest growing restaurant chain in the United States.”
Blaze Pizza, backed by LeBron, will be the fastest growing restaurant chain in the United States. @ Forbes https://t.co/OC9ifocecP pic.twitter.com/OfDQUCqMDp
— Bleacher Report (@BleacherReport) July 11, 2017
According to Rovell, Blaze Pizza at the time sold part of the company to a private equity company, which was worth $ 250 million. It was estimated that James’ financial interests could rise to $ 35 million or $ 40 million when he received the payment of the endorsement that was part of his transaction.
By 2020, his stake in the company had increased to $ 40 million. Article by Mashed potatoes.. Without a recent record of a company’s valuation, a profit of $ 15 million over the three years from 2017 to 2020 could mean growth of at least $ 10 million over the last two years.
That is nothing but insane. Making $ 50 million for less than $ 1 million in just 10 years is as good as it gets. Alongside all his other investments, approvals, and businesses, this huge return made the Lakers a superstar – the first active athlete to make it into the billionaire category.
