The Time NBA All-Time Leading Scorer LeBron James Pocketed $30M When Apple Bought Beats Electronics

Ultimately, James reportedly pocketed $30 million in cash and stock when Apple purchased Beats Electronics for $3 billion in 2014.

The Washington Post reported, “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.”

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