Newsletter
Fadeaway World
  • Fadeaway World
  • NBA News & Analysis
  • NBA Trade Rumors
  • NBA News & Media
  • Exclusive Interviews
  • NBA 2K
Reading: Billionaire Warren Buffett Once Gave LeBron James Advice On How To Build His Wealth: “You Can’t Go Wrong With That”
Fadeaway WorldFadeaway World
Search
  • Fadeaway World
  • NBA News & Analysis
  • NBA Trade Rumors
  • NBA News & Media
  • Exclusive Interviews
  • NBA 2K
Follow US
Home > NBA News & Analysis > Billionaire Warren Buffett Once Gave LeBron James Advice On How To Build His Wealth: “You Can’t Go Wrong With That”

Billionaire Warren Buffett Once Gave LeBron James Advice On How To Build His Wealth: “You Can’t Go Wrong With That”

Warren Buffett gave LeBron James advice about how to manage his finances and LeBron eventually became a millionaire.

Divij Kulkarni
May 7, 2023
3 Min Read
Share

Credit: Fadeaway World

LeBron James has made a case for himself to be considered the GOAT on the basketball court. But even off it, he has reached the success that others can only dream of.  

Despite not having much money growing up, LeBron James made his money multiply once he made it to the top. He is now a billionaire, and it’s worth looking into the advice fellow billionaire Warren Buffett gave him back in the day. 

“’Through the rest of his career and beyond, in terms of earning power, [he should] just make monthly investments in the low-cost index fund,’ Buffett told CNBC in response to a video question posed by James. ‘Somebody in his position ought to have a significant cash reserve.’

“Buffett said James should keep it simple when investing. ‘Athletes generally tend to get promoted by people with restaurants and real estate. Everybody’s got an idea for him and, usually, the simplest is the best.’

“Buffett also said James should invest primarily in American companies. “Owning the United States at a decent average price bought over time, you really can’t go wrong with that.'”

LeBron James has seemingly followed a lot of this advice, his portfolio as a businessperson is incredibly diverse. He has also been involved with a lot of American companies and has been able to grow his wealth to an incredible level thanks to the same. 


LeBron James Has Tripled His Net Worth Since Warren Buffett Gave Him This Advice In 2015

LeBron James has a business mind, and he is extremely cautious with his money as well. One could say that he was always destined to do well once he got a base of money to build upon. However, there are never any guarantees when it comes to business, and one wouldn’t discount that advice like this from one of history’s richest people wouldn’t help. 

In 2015, when Warren Buffett gave him this advice, LeBron James was worth an estimated $320 million. As of 2022, Forbes reported that he had officially become a billionaire. This means that he grew his assets to triple the number they were when he got this message from Buffett. 

That is a massive deal for LeBron, who has made it evident that his ambition is to buy and own an NBA franchise. That could be a possibility soon, and no one would bank against James tripling his wealth once more in another decade.

We sincerely appreciate and respect you as a reader of our site. It would help us a lot if you follow us on Google News because of the latest update.

Thanks for following us. We really appreciate your support.

Follow on Google News

Thank you for being a valued reader of Fadeaway World. If you liked this article, please consider following us on Google News. We appreciate your support.

TAGGED:LeBron JamesLos Angeles Lakers Archive
Share This Article
Facebook Email Copy Link Print
ByDivij Kulkarni
Follow:
Divij Kulkarni is an NBA columnist for Fadeaway World. He has covered the NBA and the English Premier League, with 4 years of experience in creating sports content. Finding exciting and intriguing content about all things NBA is both his job and his passion. Divij loves the Dallas Mavericks and can be regularly observed getting emotional during games. Outside of basketball, he enjoys reading fantasy and sci-fi novels, consuming copious amounts of movies and TV, and spending time with his dog, Olivia. Expertise: NBA, Historical Sports ResearchFavorite Team: Dallas MavericksFeatured On HoopsHype, Sports Illustrated, Secret Base, MSNPrevious Work: Tribuna
Previous Article UFC Legend Daniel Cormier Takes A Shot At Russell Westbrook While Explaining How Gilbert Burns Can Win A Fight
Next Article Former Bad Boy Piston Vinnie Johnson Turned $6 Million In NBA Salary Into An Incredible $420 Million Net Worth
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Newsletter

Stay up to date with our newsletter on the latest news, trends, ranking lists, and evergreen articles

Newsletter
Facebook X-twitter Instagram

You Might Also Like

Los Angeles Lakers News & Analysis

JJ Redick Reveals 4 Lakers Players Will Miss Game Against Suns; 2 Players Will Be On Minute Restrictions

October 3, 2025
NBA News & Analysis

Caitlin Clark Breaks Silence After Napheesa Collier’s Eye-Opening Statements On WNBA Commissioner Cathy Engelbert

October 3, 2025
Houston Rockets News & Analysis

Kevin Durant Discredits ESPN’s Top 100 NBA Players List; Says It Gave Rockets Teammate A Chip On His Shoulder

October 3, 2025
Anthony Davis
Dallas Mavericks News & Analysis

Kendrick Perkins Rips Anthony Davis For Showing Up Out Of Shape

October 3, 2025

NBA - Fadeaway World

  • Atlanta Hawks
  • Boston Celtics
  • Brooklyn Nets
  • Charlotte Hornets
  • Chicago Bulls
  • Cleveland Cavaliers
  • Dallas Mavericks
  • Denver Nuggets
  • Detroit Pistons
  • Golden State Warriors
  • Houston Rockets
  • Indiana Pacers
  • Los Angeles Clippers
  • Los Angeles Lakers
  • Memphis Grizzlies
  • Miami Heat
  • Milwaukee Bucks
  • Minnesota Timberwolves
  • New Orleans Pelicans
  • New York Knicks
  • Oklahoma City Thunder
  • Orlando Magic
  • Philadelphia 76ers
  • Phoenix Suns
  • Portland Trail Blazers
  • Sacramento Kings
  • San Antonio Spurs
  • Toronto Raptors
  • Utah Jazz
  • Washington Wizards

Pages

  • NBA Trade Rumors
  • NBA Media
  • Exclusive NBA Interviews
  • NBA 2K News & Updates

© 2025 Fadeaway World @ All Rights Reserved

  • About Fadeaway World
  • Fadeaway World Authors
  • Editorial Team
  • Ethics Policy
  • Corrections Policy
  • Editorial Guidelines
  • Fact-Checking Policy
  • Contact Us
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?