LeBron James got his first endorsement check from Nike in 2003—here's what he did with the millions. (via CNBCMakeIt)
Basketball star LeBron James is one of the highest paid athletes today with. The majority of his wealth, $53 million, comes from endorsements, including the shoe and apparel giant Nike.
James, who celebrated his 35th birthday on Monday, received his first paycheck from Nike in 2003, the year he was drafted No. 1 overall by the Cleveland Cavaliers. He was 18 at the time. The endorsement check was FedExed to his former PR manager Chris Dennis' home. "After I hand delivered it to him, LeBron took that multimillion-dollar Nike check, deposited it and came out with maybe $2,000 in cash,"While he banked more than 99% of that first check, "he did take his closest friend to an amusement park," Dennis recalled.
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