AAPL: LeBron James Scores $30M in Apple, Beats Deal

The basketball star was already very wealthy

   

AAPL: LeBron James Scores $30M in Apple, Beats Deal

Apple’s (AAPL) recent acquisition of Beats Electronics will make one NBA superstar a lot richer.

5416612049 b6cb2435b2 b 300x199 AAPL: LeBron James Scores $30M in Apple, Beats Deal
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Miami Heat player LeBron James will reportedly received about $30 million from the AAPL-Beats merger due to a small equity stake he received under a promotional deal with Beats back in 2008, TechCrunch notes.

LeBron James was one of the first big name athletes to promote Beats Electronics pricey line of headphones.

AAPL is paying a reported $3 billion to acquire the headphone-maker and streaming music service operator. The deal will bring Beats co-founders Jimmy Iovine and Dr Dre to the iPhone-maker.

Of course, LeBron James was already a very well paid basketball star prior to the AAPL-Beats windfall. According to Forbes, LeBron James had earned $72.3 million as of June 2014, putting him at No. 3 on the Forbes list of The World’s Highest Paid Athletes.

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Article printed from InvestorPlace Media, http://investorplace.com/2014/06/aapl-lebron-james-scores-30m-apple-beats-deal/.

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