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Lebron James Earned $30 Million From Dr. Dre's Beats by Dre Sale

(AllHipHop News) 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.

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”.

Last year, James and Dr. Dre appeared on the cover of the February 2013 issue of ESPN The Magazine. During the interview, James explains why Dr. Dre’s “Still D.R.E.” is one of his favorite songs from the legendary producer/rapper:

It’s not just the music but what he’s actually saying. People are always trying to throw rocks or say you’re not the best. I love that song, man. I listen to it at least weekly.

Check out behind the scenes of the ESPN The Mag photoshoot with Lebron James and Dr. Dre:

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  • King Me

    $30M / $30B = 1%…. not 10%…

    • Terrance

      #DOUBLEJUMP

    • lol… what u expect from these niggaz man….

      • RightOn

        * what do you expect. And stop it with the N word.

      • Sean Taylor

        Why?

        I thought speaking or in this case typing ignorant and leaving out words to sound ever more ignorant was the cool thing to do and it’s soooooooo Hip-Hop…right??

      • HATER PROOF

        wrong….

    • Guest

      I think they meant to say 1%…otherwise he would have profited $300 mil. Huge difference

  • Johnnie Rawker

    Lebron loves that song cause Hov wrote it

  • whatupdoe

    Nice little chunk of change for Bron.

  • IceBergSlim

    Nice! Nice! Nice! Love to see brothas getting paid

  • dee

    so thats why they keep saying he got a nice check from apple so he can take a pay cut to get melo on the team. Get that cash

    • I_AM_Houston

      I cant stand this build a team mess. This is making it pointless to watch all but like 6 teams in the league.

      • Lord Saltsworth McGinty III

        Hasn’t it been like that for at least the last 20 years?

      • Yup!

  • Jared

    Again with the jhs school math errors smh. James did not receive 10% of 3B. That would be $300M

    • SBRon

      I know!! Complete IDIOTS…

    • RightOn

      I wish they would take the time to proof read and fact check before rush to publish. I cringe every time I read on this website.

    • W.E.B. Du Bois

      re-read “jared” it says 1 percent – you lose in yur effort to appear smart

      • Jared

        Actually you’re late and it was edited. You “lost” in “your” effort to appear as a smart ass. Spell check before you call someone out too.

      • W.E.B. Du Bois

        spell ck? – there’s Nothing in this World your Dumbass can correct me on – and its just your Failed attempt at try’n distract from yo Stupidity, and this site edits nothing you weezily failed Lier

      • Jared

        Ok you whatever your dumb non-informed ass wins. You happy bruh? LMAAOOO

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  • meanygreene

    yup, and Jordan just became a billionaire. I thought that check he wrote his ex would hurt him

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