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The heiress of $10 billion Perdue Farms and the $12 billion Sheraton Hotels empire wore hand-me-downs, still rides the subway, and flies economy

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Nike

Here’s How Much LeBron James’s Nike Deal May Be Worth

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Sports Illustrated
Sports Illustrated
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Sports Illustrated
Sports Illustrated
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May 18, 2016, 10:18 AM ET
2015 NBA Finals - Game Six
LeBron James dunking during Game Six of the 2015 NBA Finals in Cleveland. No matter how good James is at mowing his lawn, classic free-trade theory says he should pay someone else to do it. (Photo by Nathaniel S. Butler/NBAE via Getty Images)Photograph by Nathaniel S. Butler — NBAE/Getty Images
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LeBron James’s shoe deal with Nike may be worth more than $1 billion, his agent Maverick Carter hinted to GQ in a recent interview.

GQ pressed Carter to disclose the value of the deal, but Carter never specified an exact dollar amount. However when the interviewer asked whether Kanye West’s comment that the deal was worth $1 billion was accurate, Carter just smiled and pointed upward.

“It’s a fantastic deal,” Carter told GQ. “Nike feels great about the deal. That’s the most important thing. As great as I feel, as great as LeBron feels—Nike feels fantastic about it. It’s the largest deal in the history of the company. Their hope is he makes even more. And our hope is that, too, obviously.”

James signed the lifetime contact with Nike in December. The deal was reported as the largest single athlete guarantee in the sports apparel company’s history and was negotiated by Paul Wachter, who helped sell Beats by Dre to Apple for $3 billion.

James has been a Nike athlete since the global sportswear giant offered him a seven-year contract worth approximately $90 million with incentives before the 2003 NBA draft lottery.
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