Forbes estimated that Earvin Johnson has a net worth of $1.2 billion. Johnson owns several sports teams, businesses, and investments spread across his business portfolio.
James’ deals with Taco Bell, Nike, and his position as the largest shareholder in the Springhill Company, the television and movie production company, helped make James the first active player to be listed on the Forbes Billionaire list.
The league also opens the door for Black cycling enthusiasts and participants, diversifying what historically has a majority-white presence.
Kanye West went on an antisemitic tear some months back that ultimately cost him his deal with adidas. He partnered with the German company on his Yeezy brand which helped make him a Forbes-vetted billionaire. Adidas had to write down over a billion dollars worth of debt once Yeezys became unsellable, something that downgraded West’s financial standing as well. But now, adidas and West have the chance to make some of those losses up, as
Boston brass likely saw how much he improved during the 2022-23 season, where he averaged career highs with 26.6 points and 6.9 rebounds per game.
