LaVar Ball is making another bold claim that his Big Baller sons will reach billionaire status before LeBron James.
LeBron James is in his 15th NBA season, and currently has a net worth of approximately $400 million. This makes him the wealthiest current NBA player.
However, LaVar Ball is adamant that his sons will reach billion-dollar valuations before James.
The elder Ball was in attendance at the Pro Basketball Combine at IMG Academy in Bradenton, FL this week, as his middle son, LiAngelo worked out for scouts (check the highlights). Hoop Journey documented a conversation including LaVar and the combine staff — LaVar detailed how he believes his sons would earn their first billion dollars.
The conversations begins:
LaVar: Do you know much LeBron is worth?
Staffer: Probably close to a billion dollars.
LaVar: No, 400 million. 15 years in the league.
LaVar continued as he mocked LeBron’s lifetime deal with Nike:
“Check this out. This is nothing. Melo’s shoes are $400. Lonzo’s shoes are $500. If they sell a million shoes within a year or two, I’m giving them all the money. So that’s $4-500 million they’re gonna make right there … Lonzo, Gelo and Melo are going to be the first ball players to be billionaires playing ball.”
LaVar doubled-down on his belief that his company would sell over a million pairs of shoes based on Big Baller Brand’s popularity in China. He reiterated that he would give his sons all the money. LaVar failed to mention other factors in the equation — namely manufacturing, overhead costs and taxes — so BBB is not getting 100% of that revenue even if the mark is reached. Just this past February, LaVar tweeted an article that seemed to infer that his Big Baller Brand water would lead the way to his billionaire status.