LeBron James won't be playing in the NBA finals this year, but he has still captured a new title: billionaire.

The 37-year-old Los Angeles Lakers star has officially joined the three-comma club, according to Forbes, after earning another US$121.2 million over the past year.

He is the first-ever active NBA player to reach billionaire status.

The only other NBA star to become a billionaire is Michael Jordan, who didn't attain the status until 2014, more than a decade after he retired as a player.

[Source: Stuff.co]