Skip to content

None other than Warren Buffett praises LeBron’s business savvy

Nov 2, 2012, 7:08 PM EDT

LeBron James AP

LeBron James has never made a secret of his desire to be a billionaire, which when he was younger came off like some of his other boasts — the ramblings of person who has never really had to deal with the real world.

But things seem to be changing. On the court we have seen a maturity come over him that propelled him to his first ring and had him playing up near the level of the guy you can’t compare anyone to.

Off the court, the guy you can’t compare anyone to is Berkshire Hathaway Chairman Warren Buffett. He’s the investment guru and the second richest man in the United States.

And he thinks LeBron is brilliant at business, too, he told 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.”

Forbes estimates that salary and endorsements brought LeBron $53 million in income last year, the fourth highest among athletes. And it would have been more if not for the lockout.

And that number is going up because companies want him as an endorser again (he just signed with Samsung). It’s a swing in his image from just a couple years ago. Again from the Herald.

“He’s arguably the most marketable athlete currently in the U.S. because he brings the most long-term value,” said Robert Tuchman, president of Goviva, a sports and entertainment company. “I don’t think there’s anyone you can compare him to right now … he’s perceived as a really good guy and a winner.”

I don’t really know (or really care) if LeBron gets to his $1 billion goal. But if you’re hanging with Warren Buffett and he thinks your savvy, you’re doing something right.

Latest Posts
  1. Arron Afflalo expected to play for Blazers in Game 3 vs. Grizzlies

    Apr 24, 2015, 9:30 PM EDT

    New Orleans Pelicans v Portland Trail Blazers Getty Images

    Portland, down 0-2 to Memphis, needs all the help it can get.

  2. NBA, 20 teams launch apps for Apple Watch

    Apr 24, 2015, 8:30 PM EDT

    celtics-cavs

    NBA continues its technological push.

  3. PBT Extra: Great playoff series to come in later rounds

    Apr 24, 2015, 6:00 PM EDT

    Chicago Bulls v Cleveland Cavaliers Chicago Bulls v Cleveland Cavaliers

    Looking past the first round to some of the more exciting later matchups to come.

  4. Lakers to send Byron Scott to NBA Draft lottery

    Apr 24, 2015, 4:30 PM EDT

    Portland Trail Blazers v Los Angeles Lakers Getty Images

    He’s got to coach whoever they draft anyway, why not?

  5. Report: Thunder considering Ettore Messina for coach

    Apr 24, 2015, 2:33 PM EDT

    San Antonio Spurs v Los Angeles Clippers - Game Two Getty Images

    Spurs assistant coach achieved incredible success in Europe

  6. Gregg Popovich’s main adjustment: Hope his guys just shoot better

    Apr 24, 2015, 1:07 PM EDT

    San Antonio Spurs v Los Angeles Clippers - Game Two Getty Images

    Despite the chess match going on, guys still have to just hit their looks.

  7. Why can’t the Pelicans foul in a timely manner?

    Apr 24, 2015, 11:15 AM EDT

    Monty Williams Monty Williams

    And I’m not just talking about allowing Stephen Curry’s game-tying 3-pointer

  8. Probable top-10 pick Mario Hezonja declares for NBA draft

    Apr 24, 2015, 10:33 AM EDT

    Galatasaray Liv Hospital Istanbul v FC Barcelona - Turkish Airlines Euroleague Top 16 Getty Images

    Is his scoring, size and athleticism worth the trouble? It won’t take long for an NBA team to say yes

  9. Derrick Rose scorches Bucks for 34 points (video)

    Apr 24, 2015, 9:50 AM EDT

    Chicago Bulls v Milwaukee Bucks-Game Three Getty Images

    Bulls point guard looks good – very good

Featured video

Injuries not why Scott Brooks lost his job
Top 10 NBA Player Searches
  1. C. Parsons (4346)
  2. D. Lee (3850)
  3. K. Durant (3767)
  4. D. Rose (3629)
  5. T. Splitter (3539)
  1. A. Afflalo (3509)
  2. D. Harris (3503)
  3. R. Rondo (3485)
  4. P. George (3447)
  5. L. James (3420)