Ranked at No. 16 on the 2008 Forbes Top 100 Celebrity List, NBA All-Star LeBron James is certainly part of the new money club. In 2007, he signed a three-year, $60 million contract extension, adding to his estimated $150 million deals in endorsements. He’s even hung out with billionaire Warren Buffett who gives him stock advice. In a bold and controversial move, the 24-year-old fired his agent and hired two of his most trusted childhood friends to help him run his business.
Multimillion Dollar Lesson: Find someone who knows it all and pick their brain. “Multimillionaires like LeBron are the first in their generation to earn sums of money this vast,” says Hawkins. “They hunger for guidance or mentorship so that they can reach their full potential in business.”