Rich Paul Net Worth Update
Rich Paul is a well-known sports agent in the United States, and he now has a net worth of $120 million.
When Paul began working with LeBron James, he quickly rose to prominence in the field of professional sports.
After the 2003 NBA Draft, James reportedly paid Rich Paul $50,000 per year to be his personal assistant.
Paul is best known for being an agent for LeBron James and the founder of Klutch Sports, a sports management company that is very profitable and growing quickly.
Paul is currently in charge of more than 20 NBA players. He is one of the most powerful agents in the league and has made deals worth about $1 billion.
Rich Paul was born on December 16, 1981, in Cleveland, Ohio. He lived in a small apartment with one bedroom above his father's confectionery store.
Later, James Lebron hired Paul as his personal assistant and paid him at least $50,000 a year. He also brought Paul into his inner circle of trusted advisors.
Paul makes most of his money through commissions from his sports agency, "Klutch Sports Group," and from his job as a sports agent.
He can get up to 4% of a player's salary. Aside from that, he gets 10–20% of the money his players get from endorsements.