Originally written November 03, 2012 on Pass The Pill:

From Pass the Pill:

According to Forbes, Warren Buffett is worth a whopping $46 billionand is the 20th-most powerful person in the United States. There are very few people who can make the salary of a star athlete look small, and he is clearly one of them.

On top of being the best basketball player in the world, LeBron James has a solid amount of off-the-court activities that raise his value. With so many professional athletes going broke shortly after they retire, or even during their playing days, it’s refreshing to see an athlete who is so good at off-the-court activities.

James has deals with Coca-Cola, State Farm, Samsung, Nike, Dunkin’ Donuts, and Baskin Robbins. And as if that all isn’t enough, he also holds a minority ownership in Liverpool Football Club.

And somewhere in between all this, he finds time to play some basketball.

Many people are impressed by LeBron James on the court, but you can now add Warren Buffett to those who are impressed with the NBA champion’s financial savvy. 

Via the Miami Herald:

“You have to get to know him,” Buffett said. “LeBron’s not initially really talkative. He’s savvy. He’s smart about financial matters. It’s amazing to me the maturity he exhibits. I know that if I had been famous at that age, I would have had trouble keeping my feet on the ground.”

Not many of us can say that we have endorsements from Warren Buffett, as well as moguls like Jay-Z. Pretty impressive.

The crazy thing about all of this is that LeBron James has never stepped in a college classroom. Remember, he came into the NBA straight out of high school. His NBA salary obviously gives him a lot of investment leverage, but for someone with only a high school diploma to earn compliments regarding financial decisions from Warren Buffett is definitely an amazing thing

PLAYERS: LeBron James
TEAMS: Miami Heat
5 Comments:
  • His advisors have to take a considerable amount of credit.

    Nothing to take away from his basic smarts which he has plenty.
    He also is friends with John Henry of the Boston Red Sox another owner of the Liverpool club.
  • I am sure LeBee spends countless hours researching investments and business propositions ...taking advantage of that Ohio high school education.
  • Lebron is the smart one, he recognized that at the end of the day investors have to do their own research in order to accept recommendations or cancel trades made by advisors. That is the mistake with 401ks, folk were happy about the tax advantage but 90% were unaware of the need to monitor and make the necessary changes. Funds were placed in investments with high expense ratios, and front loads of 5% or more,consequently, after 20 years most are nowhere near their goal. Folk are so busy working and taking care of responsibilities that time was not alloted to learning about the fate of their money.
  • How savvy do you have to be to sign something that will earn you millions more on top what you've already made?

    Nike? Liverpool FC? Coca-Cola? We're not talking Enron or the Edsel, here. Give me a break, and quit acting like this ego-maniac is some kind of financial genius because he can ink his name to something someone else put in front of him.
  • Can you possibly be so jealous, that you become mean spirited. They forgot to talk about his significant real estate investments. If he were going broke, your sorry ass would be on here talking about how dumb he was. Now is is truly getting wealthy, you are on here calling him dumb....you are a fool.
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