and for good reason. He is easily the best player of his generation and his deal with has set him up for multi-generational wealth. Of all the players in the league, he is easily the highest earner when you combine all of his various endorsement deals and assets. However, just because you have a lot of money, doesn’t necessarily mean you are spending a lot of it.

During an Instagram live between Lakers players Alex Caruso and Jared Dudley, the former spoke on LeBron’s frugal lifestyle and how he is actually quite “cheap” with his money. Caruso ultimately admitted that it makes sense for LeBron to be so tight with his money because ultimately, that’s how you keep your wealth in check.

“He is cheap, bro,” Caruso said. “That’s one thing people don’t realize. Rich people, bro…they want to keep their money.” Dudley had a good laugh at LeBron’s expense over Caruso’s comments although it isn’t the first time LeBron has been called out for being cheap. Dwyane Wade made similar comments a few years ago and, of course, LeBron denied it all.

Moving forward, LeBron should just keep doing what he’s been doing because it’s clearly working for him.