Lebron James Made $30 Million in Apple’s Beats by Dre Deal

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Updated: June 11, 2014
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Lebron James is a man who knows how to make a dollar or two. As the four time NBA MVP chases his third NBA championship, one thing he will never have to chase again in life is a dollar– even if he blows every penny he’s made on the court.

Sources indicate that Lebron’s payout in the Apple/Beats by Dre is massive. This is what happens when you leverage your celebrity to make real business moves:

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.

Life is good when you’re the king. It’s also pretty good when you got an extra $30 million to play with.

Now to see how to get Lebron to promote MDHQ….

Written by D. Wash

Founder, MockDraftHQ.com (2006). Denver Broncos, Charlotte Bobcats fan. Fan of football, technology, and battle rap. Shannon Sharpe is the greatest. Everything else is debatable.

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