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LeBron James: The Next Warren Buffett?
It took Buffett 50 years to hit $700 million. Yet, in his next 33 years, he’d bank an astounding $62.3 billion more wealth.
Buffett grew that wealth through a series of savvy business moves by buying great companies that found huge success in the years after he took a stake in them.
Now, imagine where Buffett might be if he had been worth hundreds of million in his twenties.
That’s exactly the position we find LeBron James. LeBron is only 29, has become an unexpected protégé to Buffett (seriously), and he’s quietly building sport’s most powerful business empire with the help of the Warren Buffett.
Buffett: LeBron James is savvy
While they’re an unlikely duo, sightings of LeBron James and Warren Buffett together are not hard to find. The two dined together (along with Bill Gates!) in Las Vegas and have been spotted golfing in Sun Valley together.
Get this, LeBron even sends his financial statements to Warren Buffett! Here’s an excerpt from an interview with LeBron in Sport Illustrated:
“I sent an e-mail about this to Warren Buffett. I'm a kid from Akron who lived in poverty for a long time, and I sometimes send financial statements to one of the richest guys ever. It's kind of scary. I'm like, 'Why is he talking to me?'”
LeBron doesn’t need to worry why Buffett would spend time advising him, because Buffett has been nothing but glowing in his praise of LeBron. In an interview with NBA TV, Buffett described LeBron as “remarkably mature,” being “plenty smart about financial matters,” and saying “I was impressed with him right from the moment I met him.”
Read the full story: www.fool.com
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