Dr. Dre’s “Beats by Dre” company was recently bought by Apple for $3 billion and Dre wasn’t the only one who made some major cash, as reports claim NBA superstar Lebron James has made some mega money himself after the Apple purchase.
According to reports, Lebron James received $30 million in stocks and cash once Apple bought Beats by Dre.
“Lebron James has public aspirations to become the first billionaire active athlete and Dr. Dre has helped him on that quest. According to a recent report, Lebron James acquired $30 million in stock and cash after the Beats by Dre sale by Apple.” (AllHipHop)
James was given a share of the company back in 2008 for promoting the headphones at the Olympics in Beijing.
“While James’ share in the Beats by Dre company is undisclosed, he has reportedly raked in 1% of the $3 billion sale of the headphone and music streaming company. Iovine and Dre gave James prototypes of the Beats headphones back in 2008, prior to the 2008 Olympics in Beijing. Lebron James was given a share in Beats by Dre in exchange for promoting the headset. The deal is being dubbed “the biggest equity cash payout for a professional athlete in history”.” (AllHipHop)