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LeBron James is on his way to becoming a billionaire.

Forbes reported James would make a NBA record $111.2 million this season from both his on-court and offcourt earnings. This will push him closer towards the $1 billion mark. net worthmark. Michael Jordan is the only player who has ever reached this mark.

James is also only the 10th athlete to top $100 million in a single year, joining Lionel Messi, Cristiano Ronaldo, Neymar, Dak Prescott, Tiger Woods, Floyd Mayweather Jr., Manny Pacquiao, Roger Federer and Conor McGregor.

His $111.2million year-over-year earnings surpass his previous record ($96.5 million) for a NBA player. 

James still makes the most of his money on the basketball court with his endorsement deal with Nike, which pays out $32 million annually. James has also continued to expand his multimedia portfolio through the SpringHill Company. It now has a valuation at $725 million, after James and Maverick Carter sold their minority stake.

The 36-year-old also appeared in Space Jam 2, which made $161.8million worldwide at the box-office.

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James was an active player and was the first person to earn more than $1 billion in a career in any of the four major American sports leagues.

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