- Report: Lakers expected to be in the mix for Blake Griffin
- LeBron James offers ecstatic reaction to David Fizdale leaving Lakers for front office position on Jazz
- Chris Broussard questions John Wall’s decision to sign with the Clippers: ‘I think he would’ve been better off going to the Lakers’
- Report: Lakers coaching staff and front office want to see it work with Russell Westbrook in Los Angeles
- Report: Lakers guard Russell Westbrook will exercise his option for the 2022-23 season
- Report: High-ranking people believe Kyrie Irving joining the Lakers could still be on the table
- Malik Monk says he’s open to taking less money to stay with Lakers
- Report: Kyrie Irving could be willing to sign with Lakers for $6 million mid-level exception
- Report: Lakers are only team eyeing Kyrie Irving via sign-and-trade, but Nets aren’t believed to have interest in available deals
- Report: Sources ‘very’ close to the situation ‘strongly’ believe Kyrie Irving is trying to make his way to the Lakers
Report: LeBron James, Drake and Naomi Osaka invest in a new technology firm that could be worth more than $50B in a few years
- Updated: November 14, 2021
Los Angeles Lakers superstar LeBron James looks like he is continuing to build his business portfolio.
The four-time NBA champion is reportedly among those who have invested in a sports technology company that is projected to be valued at more than $50 billion in a few years.
“Los Angeles Lakers and NBA legend LeBron James has invested in a new technology firm that could be worth £42 billion in six years alongside FSG partners, US rapper Drake and tennis star Naomi Osaka,” wrote Damon Carr of Sports Illustrated.
“LeBron James and his business partners Maverick Carter and Paul Watcher, who all hold stakes in Fenway Sports Group, have joined other noticeable names in putting their belief in the new technology firm.”
Earlier this year, it was reported that James became a partner of Fenway Sports Group, which also made him part owner of the Boston Red Sox.
James and his partners have now invested in StatusPro. It is a sports technology company that uses player data and extended reality to develop a suite of training and gaming products.
Several months ago, James reportedly became the first active NBA player to amass at least $1 billion in career earnings. With this latest investment, James is apparently set to expand his wealth further.
After coming from humble beginnings, James is possibly elated that he has been able to build such a fortune. But clearly, he still has his sights set on winning at least one more championship.
The Lakers are currently struggling in the 2021-22 season. But that could change soon as James is progressing nicely in his recovery from his injury, according to Lakers head coach Frank Vogel.
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