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Is LeBron James Backing a Youth League to Rival Nike?

LeBron James is backing a $6 million-a-team youth league set up to rival Nike, Billionaires.Africa reported. He is worth an estimated $1.42 billion.

Yes. LeBron James is backing a $6 million-a-team youth league set up to rival Nike, Billionaires.Africa reported. The Los Angeles Lakers forward is worth an estimated $1.42 billion, according to Forbes' real-time billionaires data.

What did Billionaires.Africa report about LeBron James?

Billionaires.Africa reported that James is backing a $6 million-a-team youth league and described the venture as a rival to Nike. The outlet referred to James as a billionaire in its coverage of the league.

How much is LeBron James worth now?

LeBron James is worth about $1.42 billion, according to Forbes' real-time billionaires data, which ranks him No. 2,722 among the world's billionaires. His net worth is unchanged today.

What is LeBron James' fortune built on?

Forbes lists basketball as the source of James' wealth and places him in the sports industry. He is based in the United States and plays forward for the Los Angeles Lakers. The youth league reported by Billionaires.Africa adds a business interest beyond his playing career, and the outlet framed it as a challenge to Nike in youth sports.

James' fortune can be followed alongside other profiles on the billionaires page.

Where does this information come from?

This story is based on the 3 sources below.

Figures come from live data at the time of publishing; profiles update every 15 minutes. Methodology

What else is happening with billionaires?

The latest: Warren Buffett Tops Larry Ellison at $168.6 Billion.