Four-time NBA champion LeBron James is getting into the pickle ball business

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Four-time NBA champion LeBron James is getting into the pickle ball business, as his firm L-R-M-R Ventures headlines a new ownership group buying a team with Major League Pickleball (MLP).

Just a few months ago, Forbes magazine estimated that he had passed the $1 billion mark in terms of net worth. Now, James is headlining a group that is poised to purchase a pro team in another sport.