Some time ago, LeBron James stated his desire to become a billionaire. He has the potential to do just that, but it won't come without prudent business decisions.

When James decides to completely give everything about basketball up, he will have long hit that mark. Truth be told in today's world, it's hard to imagine a superstar athlete of LeBron James' stature not making that kind of money. The sum given out in contracts these days are by far the most we've ever seen in history.

That begs the question: who is the highest paid athlete that has ever played in sports?

According to Forbes, that title belongs to none other than Michael Jordan.

Having a high volume of retro shoes that still sell at a premium price, he currently makes more endorsement money than any NBA player playing today. Forbes estimated salaries, bonuses, prize money, endorsements, bookings and more.

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