On Thursday, Forbes reported that the 37-year-old became the first-ever active NBA player to reach billionaire status after the four-time NBA champion raked in $121.2 million last year
.The three-time Olympic gold medalist signed a 2-year, $85.7 million deal with the Los Angeles Lakers, which he just completed, NPR reported.Forbes reported that he has also earned an additional $900 million in endorsement deals.
The first NBA player to become a billionaire was Chicago Bulls legend Michael Jordan, who obtained the status in 2014, the media outlets reported.
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