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The Special One
LeBron James is the first active NBA Player to reach billionaire status
Did you know that LeBron James is the first active NBA player to reach billionaire status and the second NBA player to reach billionaire status, joining retired basketball star Michael Jordan.
Magic just joined them both recently.
The man is still hungry for more rings, he wants to play with his sons before he retires. I mean, what's not to salute about this man? No matter how you look at it, there's no hating on what he's currently doing.
THE GOAT PERIOD.
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NBA Superstar
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NBA Legend and Hall of Famer
Re: LeBron James is the first active NBA Player to reach billionaire status
op is legit a ****ing ******
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NBA Superstar
Re: LeBron James is the first active NBA Player to reach billionaire status
Originally Posted by warriorfan
op is legit a ****ing ******
This. /Thread.
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Re: LeBron James is the first active NBA Player to reach billionaire status
Inflation. Billionaire is the new millionaire. He may be the first, but pretty soon players will be getting billion dollar contracts.
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Pass The Salt
Re: LeBron James is the first active NBA Player to reach billionaire status
Originally Posted by Full Court
Inflation. Billionaire is the new millionaire. He may be the first, but pretty soon players will be getting billion dollar contracts.
I don't think you realize how significantly massive the difference is between a multi-millionaire and a billionaire. Inflation will never be crazy to the point where billionaires and millionaires are seen as equivalent in terms of financial power.
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Titles are overrated
Re: LeBron James is the first active NBA Player to reach billionaire status
The next one may well be Russell Westbrook. Sounds weird but look into it. It’s gonna be him or KD.
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Re: LeBron James is the first active NBA Player to reach billionaire status
Originally Posted by SaltyMeatballs
I don't think you realize how significantly massive the difference is between a multi-millionaire and a billionaire. Inflation will never be crazy to the point where billionaires and millionaires are seen as equivalent in terms of financial power.
Of course they're not equivalent in present terms. However, a millionaire today isn't even really rich. That used to be the standard for the wealthy. Do you even understand what inflation is?
Apparently not, based on the ignorance of your post.
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Pass The Salt
Re: LeBron James is the first active NBA Player to reach billionaire status
Originally Posted by Full Court
Of course they're not equivalent in present terms. However, a millionaire today isn't even really rich. That used to be the standard for the wealthy. Do you even understand what inflation is?
Apparently not, based on the ignorance of your post.
You should be asking yourself that since you just said billionaire is the new millionaire. What an idiotic statement from someone who is completely out of touch with reality
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Pass The Salt
Re: LeBron James is the first active NBA Player to reach billionaire status
Originally Posted by Full Court
That's how inflation works. A million dollars today is worth much less than a million dollars was in the past.
You should educate yourself before you post so you don't make such a fool out of yourself.
Well no shit, sherlock No one is denying that a million dollars is worth less than it was in the past, but you said being a billionaire is now the new millionaire, which is insanely off. Maybe if you were talking about millionaires from the late 1800s or early 1900s.
If you're a millionaire today, you're still wealthy. Let's go back a few decades. A million in 1990 would be worth about 2.3 million today based off this inflation calculator. So your statement about billionaires being the new millionaires is still really, really, really, really off. I would say having minimum of 3-5 million today is like someone having 1 million in 90s and 80s.
Maybe you should brush up on inflation a little bit.
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truth serum
Re: LeBron James is the first active NBA Player to reach billionaire status
Originally Posted by SaltyMeatballs
Well no shit, sherlock No one is denying that a million dollars is worth less than it was in the past, but you said being a billionaire is now the new millionaire, which is insanely off. Maybe if you were talking about millionaires from the late 1800s or early 1900s.
If you're a millionaire today, you're still wealthy. Let's go back a few decades. A million in 1990 would be worth about 2.3 million today based off this inflation calculator. So your statement about billionaires being the new millionaires is still really, really, really, really off. I would say having minimum of 3-5 million today is like someone having 1 million in 90s and 80s.
Maybe you should brush up on inflation a little bit.
He don't math too well I'm afraid.
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Re: LeBron James is the first active NBA Player to reach billionaire status
Originally Posted by SaltyMeatballs
Well no shit, sherlock No one is denying that a million dollars is worth less than it was in the past, but you said being a billionaire is now the new millionaire, which is insanely off. Maybe if you were talking about millionaires from the late 1800s or early 1900s.
If you're a millionaire today, you're still wealthy. Let's go back a few decades. A million in 1990 would be worth about 2.3 million today based off this inflation calculator. So your statement about billionaires being the new millionaires is still really, really, really, really off. I would say having minimum of 3-5 million today is like someone having 1 million in 90s and 80s.
Maybe you should brush up on inflation a little bit.
Lol at this guy. It takes nothing at all to throw him into a bitch fit. A million dollars may mean you're semi-wealthy in somewhere like podunk Arkansas, but not in any cities.
Try this on for size. In 1918, there were 67 millionaires in the US and 0 billionaires. Today there are 22 million millionaires in the US, and over 700 billionaires.
Also, $1 million in 1918 had the buying power of over $17 BILLION today.
You are stupid. Recognize it and move on.
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The Renaissance man
Re: LeBron James is the first active NBA Player to reach billionaire status
Originally Posted by Kblaze8855
The next one may well be Russell Westbrook. Sounds weird but look into it. It’s gonna be him or KD.
Westbrook is never getting another big deal though.
KD might still get another 3-year max deal to end his career.
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NBA Legend and Hall of Famer
Re: LeBron James is the first active NBA Player to reach billionaire status
Originally Posted by bladefd
Westbrook is never getting another big deal though.
KD might still get another 3-year max deal to end his career.
you'd think but I never thought he'd be starting again either. Kyrie got another big deal despite being cancer. Front offices show again and again how stupid they can be
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