Gloria James is the mother of LeBron James, one of the greatest basketball players of all time. While LeBron’s net worth is well known, many people wonder about the wealth of his mother, who played a significant role in his life and career. In this article, we’ll take a closer look at Gloria James’ net worth and how she accumulated her wealth.
Early Life and Career
Gloria James was born on February 4, 1968, in Akron, Ohio. She gave birth to LeBron James at the age of 16 and raised him as a single mother. Gloria struggled financially in her early years, but she eventually found work as a clerk at the Akron Metropolitan Housing Authority.
Gloria worked hard to provide for her son, and her sacrifices paid off when LeBron started to show promise as a basketball player. She supported him throughout his youth basketball career, attending his games and driving him to practices. Her unwavering dedication to her son’s success helped him become the player he is today.
Real Estate Investments
While Gloria James is not known for any significant business ventures, she has made smart investments in real estate over the years. She owns several properties in Ohio, including a three-story, 5,000 square-foot home in Akron that she purchased in 2013 for $300,000. She also owns a condo in Miami, where LeBron played for the Miami Heat from 2010 to 2014.
It’s unclear exactly how much Gloria’s real estate investments are worth, but it’s safe to say that they have contributed significantly to her overall net worth.
Divorce Settlement
Gloria James’ divorce from LeBron’s father, Anthony McClelland, was a contentious and public affair. The couple separated shortly after LeBron’s birth, and their divorce was finalized in 1991. As part of the settlement, Gloria received custody of LeBron and a $50,000 settlement.
While $50,000 may not seem like a significant amount, it was a considerable sum for Gloria at the time. She used the money to buy a house in Akron and provide for her son’s needs.
Gloria James’ Net Worth
Gloria James’ net worth is estimated to be around $6 million. While this is a fraction of her son’s net worth, it’s still a significant amount, especially considering her humble beginnings.
Most of Gloria’s wealth comes from her real estate investments and her son’s success. LeBron has frequently spoken about his mother’s role in his life and career, and he has made sure to take care of her financially. He bought her a $500,000 home in Miami in 2010 and reportedly gives her a monthly allowance.
Final Thoughts
Gloria James may not be a household name like her son, but she has played a crucial role in his success. Her unwavering support and sacrifices helped LeBron become one of the greatest basketball players of all time. While her net worth may not be as impressive as her son’s, it’s a testament to her hard work and dedication.
