LGI Homes Inc
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Consumer Discretionary : Household Durables | Small Cap Blend
Company profile

LGI Homes, Inc is a homebuilder and developer. The Company is engaged in the design, construction, and sale of new homes in markets in Texas, Arizona, Florida, Georgia, New Mexico, Colorado, North Carolina, South Carolina, Washington, Tennessee, Minnesota, Oklahoma, Alabama, California, Oregon, Nevada, West Virginia, Virginia and Pennsylvania. It operates through segments such as the Central division, the Southeast division, the Northwest division, the West division and the Florida divisions. The Company's product offerings include entry-level homes, including both detached and attached homes, and move-up homes, which are sold under its LGI Homes brand, and its luxury series homes, which are sold under its Terrata Homes brand. The Company provides information regarding floor plans and pricing and conduct tours of its homes based on the customer’s needs and budget.

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1.51 (1.00%)
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Today's volume of 103,371 shares is on pace to be much lighter than LGIH's 10-day average volume of 233,485 shares.


LeBron James is a billionaire -- the first U.S. team sport athlete to do it while still playing

10:15 am ET July 26, 2021 (MarketWatch)

By Weston Blasi

LeBron James's off-court earnings are actually higher than his earnings from the NBA

LeBron James is officially a billionaire.

According to Sportico (https://www.sportico.com/personalities/athletes/2021/lebron-james-career-earnings-nba-billion-1234634822/), Los Angeles Lakers star LeBron James has now earned over $1 billion dollars between his on-court and off-court endeavors.

James has earned $346 million from his NBA contracts (https://www.spotrac.com/nba/los-angeles-lakers/lebron-james-2257/cash-earnings/) and $700 million from various off-court deals like sponsorships, his media companies and investments.

James is the first U.S. athlete in the four major sports to accumulate a billion dollars while still active in his or her sport -- Michael Jordan is the only other known billionaire basketball player, but he crossed the billion-dollar threshold years after his playing days were over.

Golfer Tiger Woods, boxer Floyd Mayweather, and international soccer players Cristiano Ronaldo and Lionel Messi have all earned at least $1 billion during their playing careers, according to CBS (https://www.cbssports.com/nba/news/lebron-james-will-surpass-1-billion-in-career-earnings-in-2021-per-report/).

See also: How the Tokyo Olympics ranks among the most expensive Games of all time (https://www.marketwatch.com/story/how-the-tokyo-olympics-ranks-among-the-most-expensive-games-of-all-time-11627050433?mod=weston-blasi)

Multi-million dollar sponsorships and endorsements over the years from companies like Coca-Cola (KO), McDonald's (MCD) and the Hyundai -owned Kia all contributed to James's fortune, but it was some savvy business moves that really boosted his portfolio.

In 2003, when LeBron James chose Nike over Rebook, he gave up $28 million (https://www.marketwatch.com/story/when-lebron-james-chose-nike-in-2003-he-gave-up-28-million-it-could-end-up-making-him-1-billion-2019-08-29). James clearly made the right decision because shortly after that Rebook folded its basketball program. Years later Nike (NKE) and James inked a lifetime contract for the basketball star that could exceed $1 billion (https://www.gq.com/story/lebron-james-nike-deal-bilion-maverick-carter) (while the exact terms are not fully known).

Investments in English soccer club Liverpool F.C., the Apple (AAPL)-owned Beats by Dre and fast food chain Blaze Pizza all have made James millions more off the court.

James's media companies Spring Hill and Uninterrupted have produced television shows for NBC and Starz, created a own podcast network and partnered with Warner Bros. Studios on James's latest movie, Space Jam (https://www.marketwatch.com/story/lebron-james-dunks-on-black-widow-as-space-jam-sequel-tops-box-office-01626641626): A New Legacy, a sequel to the movie Michael Jordan film from 1996.

See also: Medical chief says 83% of U.S. athletes at the Tokyo Olympics have been vaccinated (https://www.marketwatch.com/story/medical-chief-says-83-of-u-s-athletes-at-the-tokyo-olympics-have-been-vaccinated-11627057074?mod=weston-blasi)

Who could be the next billion-dollar NBA star?

Kevin Durant appears the most likely. Durant has made $264 million playing basketball and has a roughly $300 million endorsement deal with Nike.

In combination with his venture capital investment firm Thirty-Five Ventures, Durant has made impressive early investments in companies such as Coinbase (https://www.marketwatch.com/story/nba-star-kevin-durant-invested-in-coinbase-in-2017-so-his-investment-is-now-worth-53x-more-11618510510)(COIN), Acorns, the Uber (UBER)-owned Postmates

-Weston Blasi; 415-439-6400; AskNewswires@dowjones.com


(END) Dow Jones Newswires

July 26, 2021 10:15 ET (14:15 GMT)

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