LeBron James Scores $30 Million in Beats - Apple Deal


Dr.Dre wasn’t the only one who cashed out from his big multi-billion dollar deal with Apple.

LeBron James got himself a hefty piece of the pie also.

According to Business Insider, LeBron earned over $30 million in cash and stock after the Dr Dre’s deal with Apple was finalized.

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.

To put it into perspective — just for wearing headphones, LeBron is looking at $11 million more than what he makes per year for playing basketball.

Must be nice.

[via Washington Post]

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