How Lakers legend “Kobe Bryant” amassed a $1 BILLION fortune before fatal helicopter crash

How Lakers legend “Kobe Bryant” amassed a $1 BILLION fortune before fatal helicopter crash

KOBE Bryant turned the millions he made during his years with the Los Angeles Lakers into over a billion dollars after retiring from the sport.

  • Facebook
  • Twitter
  • Google+
  • LinkedIn

He did this through endorsement deals, branching out with a variety of media projects and above all else by founding a venture capital firm that currently has assets of over $2 billion.

15
Kobe Bryant (above) was a founding partner in the venture capital firm Bryant Stebel which went from managing to $100 million in assets to $2 billion in just four years. Bryant Stibel
@kobebryant

15
In the four years prior to his death, Kobe (above with daughter Gianna) almost doubled the money he had made during his time in the NBACredit: AP:Associated Press

Kobe’s billion-dollar fortune will likely go to his wife Vanessa and their three surviving daughters after he lost his life in a helicopter crash in January,

That crash also claimed the life of his daughter Gianna and seven others, and is still under investigation by the National Transportation and Safety Board.

Chartering helicopters was one of the few expensive habits Kobe had during his lifetime, as was his collection of cars.

Kobe owned a custom Lamborghini Murcielago that was fitted with an automatic transmission for wife Vanessa ($400,000), a Bentley Continental ($200,000) and an Azure Mulliner ($350,000), a Ferrari F430($200,000) and a 458 Italia ($329,000), a Lamborghini Aventador ($445,000), 1963 Chevy Impala that was a gift from Vanessa, and, as a retirement gift from his friend Snoop Dogg, a purple-and-yellow (and priceless) Pontiac Parisienne Convertible.

He also owned a few family-friendly cars as well over the years, including a Cadillac Escalade, Range Rover and a Jeep Wrangler.

15
Kobe would ultimately make about $675 million from his contract with the Lakers and endorsementsCredit: Getty Images – Getty

15
The $4 million diamond ring Kobe purchased for Vanessa in 2003Credit: Getty Images – Getty

15
The custom 1967 Pontiac Parisienne Convertible Kobe got from Snoop Dogg when he retiredCredit: Twitter

One thing he did not own in bulk however was real estate.

He lived with his wife Vanessa and their children in a home he had purchased in 2008 from his agent for $9.45 million, selling off two other properties in the same Newport Beach neighborhood over the past decade at a profit.

The only other real estate he owned at the time of his death was the office space for his businesses, which he bought for $5.8 million in 2015.

He chose instead to invest and save his money, which is why two years after Forbes valued his net worth at $800 million, Kobe passed away as one of just seven athletes to be worth a billion dollars.

The other six men in that rarefied club are Michael Jordan ($1.85 billion), Tiger Woods ($1.7 billion), Arnold Palmer ($1.3 billion), Jack Nickalus ($1.2 billion) Floyd Mayweather ($1.1 billion) and Michael Schumacer ($1 billion).

Kobe was the youngest draft pick to ever play in the NBA at the start of the 1996 season, which began just two months after the high school phenom turned 18.

Over the course of the next 20 years, he would just over $325 million in salary alone, negotiating a seven-season, $136 million contract in 2004 that was followed by even more lucrative extensions.

The $22 million home that Kobe was living in with his family at the time of his deathCredit: Google Earth

15
One of two homes within a mile of that property which Bryant owned and sold for a profitCredit: Google Earth

15
Bryant had purchased one of the properties for his mother-in-law to live in but later sold it for a multimillion-dollar profitCredit: Google Earth

15
The office space for his businesses, which he bought for $5.8 million in 2015Credit: Google Earth

He led the team to five championships during this time, and at his peak earned $30 million for the 2013-14 season.

Only Kevin Durant has earned more than Kobe, though should Lebron James play one more season he too would pass the Black Mamba.

Kobe saved his most impressive move for his post-NBA years however, when he founded the venture capital firm Bryant Stibel.

In just four years, that firm has come to manage over $2 billion in assets after backing a number of impressive companies.

Kobe launched the company with just $100 million and then watched as the money came pouring in thanks to investments in burgeoning startups including Alibaba, Dell, The Honest Company and Epic Games.

It was Epic that proved to be the most lucrative, delivering a Fortnite fortune for the firm when they were offered the chance to invest in one of the final rounds of financing before the company went public.

This was no vanity project either for Kobe, who matched his co-workers MBAs with all he learned in the NBA.

During his time with the Lakers, Kobe was making just as much off the course during this time, due to his endorsement deals with a hoist of blue-chip American brands.

15
Kobe above with 50 Cent and Meryl Streep) is one of just a handful of athletes to cross the $1 billion markCredit: Instagram

15
Kobes fortune will likely all go to his wife Vanessa above at his memorial)Credit: Reuters

15
Kobe was one of the nine people who lost their life during a January helicopter crash in CalabasasCredit: Reuters

Sony, McDonald’s, Coca-Cola, Mercedes-Benz and Nintendo were just a few of the companies that teamed up with Kobe, but it was his deal Nike that made him a global phenomenon.

It comes as as surprise however that Kobe made far less in his deal with Nike than other top athletes who had contracts with the athletic apparel juggernaut.

His annual contract with the company earned him $8 million, which ranked him behind tennis stars Roger Federer ($10 million) and Rafael Nadal ($10 million), golfers Tiger Woods ($10 million) and Rory McIlroy ($25 million), as well as fellow NBA stars Durant ($8.5 million) and LeBron James ($12.5 million).

Maria Sharapova also took home more than Kobe ($8.75 million) while Serena Williams, arguably the greatest player of all time, matched Kobe with her deal ($8 million).

Serena was able to negotiate a higher rate with each contract extension after her initial deal had run its course, something that Kobe seldom did over the course of his career.

It is not known for certain why this was the case, but it could have had something to do with the fallout her suffered after he was accused of raping a Colorado woman.

The criminal case against him was ultimately dropped and Kobe made a very public apology with his wife Vanessa by his side.

He settled a civil suit with the woman, and Vanessa received an 8-karat, purple diamond ring worth $4 million.

Nike, who had signed Kobe just days before Kobe was accused of sexual assault, stood by him, but one brand quickly jumped ship,.

McDonald’s terminated their contract with Kobe after just three years, having brought him onboard to help launch the campaign for their now infamous slogan: “I’m loving it.”

15
Kobe had a contract with Nike ad above) worth $8 million a year, which was far less than other athletes including Maria Sharapova and Rory McElroyCredit: Instagram

15
Kobe turned a $6 million investment in BodyArmor (above with investors) into $200 million in stockCredit: Instagram

15
Kobe and Joel Stiebel ,his partner in the venture capital fund that made him a billionaireCredit: Getty Images

This turned out to be for the best in the end however, steering Kobe towards deals where he could hold an equity stake in a company rather than just take home a paycheck.

It was with this in mind that he became one of the largest backers of BodyArmor in 2014, and a member of the company’s Board of Directors.

His investment in the brand paid off big in the end, with his $6 million investment in BodyArmor resulting in a $200 million windfall for the third-largest shareholder when Coca Cola bought a minority stake in the company.

The basketball star purchased his 10 percent stake in BodyArmor through his newly formed company at the time, Kobe Inc.

He was not doubt looking to the future, especially since he was off the court and on the bench for the first 10 months of that year as he healed from a lateral tibial plateau fracture in his left knee.

“There is finality to my career and now is time to put those plans into motion,” Kobe told Forbes at the time.

He then explained how his career had helped prepare him for this next step, despite the fact that he skipped college ton enter the draft.

“I learned not to have ownership in something that you are not going to be able to oversee and manage,” explained Kobe.

“You need to delegate, but ultimately it must be your vision that is driving things.”

The $200 million from his investment in BodyArmor, combined with the $325 million he made as a Laker and the $350 million he took pocketed from endorsement deals, put his fortune at $860 million by 2018.

________________________________________________________________________

The late Kobe Bryant’s estate to receive at least an estimated $560 million, following the sale of sports drink company Bodyarmor to Coca Cola

Los Angeles Lakers great Kobe Bryant was a major reason why the company BodyAmor has been successful
  • Facebook
  • Twitter
  • Google+
  • LinkedIn
Los Angeles Lakers great Kobe Bryant was a major reason why the company BodyAmor has been successful

In the year 2014, Los Angeles Lakers superstar and Hall of Fame shooting guard Kobe Bryant invested $6 million in a sports drink company by the name of Bodyarmor. Today, it was announced that Coca-Cola has come to an agreement to acquire full ownership of the company for $5.6 billion. What’s most fascinating about the entire deal between Bodyarmor and Coca-Cola is the fact that Bryant’s initial $6 million investment will now be worth over $400 million after the sale. The profit will of course be received by Kobe’s estate.

Over the course of his entire NBA career, it has been reported that Kobe Bryant went on to make an estimated $323 million as a player in the NBA. Bryant spent 20-years playing in the NBA, all of them with the historic Los Angeles Lakers. He was also a major figure off the court, with a number of sponsorships including notable companies such as Nike and Sprite. What’s even more impressive about the recent deal between Bodyarmor and Coca-Cola is the return on investment that Bryant will receive. In one transaction, the Bryant estate is expected to return in more money than Kobe received over the course of his entire career on the NBA floor. Including indorsements, Forbes had reported that Bryant had gone on to make around $680 million during his time in the NBA.

Kobe Bryant's investment will return $400 million
  • Facebook
  • Twitter
  • Google+
  • LinkedIn
Kobe Bryant’s investment will return $400 million

Back in 2013, Kobe Bryant went on to invest his faith in the potential of the Bodyarmor company. After Coca-Cola bought a 15% stake in the company in 2018, they had become the second-largest shareholder. Bryant was right behind them, as he was the third-largest shareholder, just two years after its founding. In 2014 Bryant had announced his involvement with the company Bodyarmor. Forbes even went on to quote Kobe Bryant:

“The model has always been for entertainers to get sweat equity, but I wanted to progress beyond that.”

  • Facebook
  • Twitter
  • Google+
  • LinkedIn

With the latest deal, it’s been reported that Bodyarm has surpassed Coke’s Powerade to become the second-largest player in the sports drink category. Coca-Cola also announced that the sports drink brand’s retail sales are expected to be up 50% this year.

Coca-Cola is buying full control of BodyArmor for $5.6 billion in a deal that values the sports drink brand at about $8 billion, according to people familiar with the matter on.wsj.com/3pORdVg
7:00 AM · Oct 31, 2021

The Bodyarmor company has seen a number of notable professional athletes invest in the brand alongside Kobe Bryant. These individuals have included James Harden, Mike Trout, Rob Gronkowski, and Skylar Diggins-Smith. BodyArmor co-founder Mike Repole had some kind words when talking about the faith that Kobe Bryant specifically had invested in the company, stating that this day wouldn’t have been possible if it wasn’t for the Lakers superstar.

“If it wasn’t for Kobe Bryant’s vision and belief, BodyArmor would not have been able to achieve the success we had,” Repole, who also developed Fuze Beverage and Smartwater, said in a statement.

This January will make it two years since the shocking death of Kobe Bryant, his daughter Gianna, and nine others who were killed in a hellicopter crash. The world continues to mourn that cloudy day, but the recent news has continued to shine some light that Bryant was always looking out to create the best possible future for his family.

  • Facebook
  • Twitter
  • Google+
  • LinkedIn

With Bodyarmor’s Sale to Coca-Cola, Kobe Bryant’s Estate Will See Estimated $560M

  • Facebook
  • Twitter
  • Google+
  • LinkedIn

Bryant first became a shareholder in sports drink maker Bodyarmor in 2013.

Split of Kobe Bryant and Bodyarmor sports drink
  • Facebook
  • Twitter
  • Google+
  • LinkedIn

Coca-Cola acquired Bodyarmor for $5.6 billion. Kobe Bryant was an early investor in the company.

Coca-Cola announced Monday it had bought full control of sports-drink startup Bodyarmor for $5.6 billion, CNBC reports, netting the estate of late basketball legend Kobe Bryant an estimated $400 million on the sale.

The NBA star, who died in a tragic helicopter crash in January 2020, invested in Bodyarmor in 2014 for a 10% stake in the company and joined its board of directors. At the time, Bryant was the company’s third-largest shareholder.

“I put my skin in the game,” Bryant told Forbes in 2014, after his hefty investment.

In a tribute to Bryant, Coke announced its purchase at exactly 8:24 a.m. to commemorate the two jersey numbers the Los Angeles Lakers star wore during his NBA tenure.

Coke originally bought a 15% stake in Bodyarmor in 2018 and became its second-largest shareholder. Monday’s move to purchase the remaining 85% marks Coke’s largest acquisition in the company’s history.

BodyArmor was co-founded in 2011 by Mike Repole, who just four years earlier had sold his previous company, Glacéau, for $4.1 billion — also to Coke. Glacéau is the maker of SmartWater and VitaminWater.

The deal has been in the works since at least February, based on a pre-acquisition filing with the Federal Trade Commission, CNBC reports.

________________________________________________________________________

  • Facebook
  • Twitter
  • Google+
  • LinkedIn

#33 Kobe Bryant

Deceased

2016 America’s Richest Entrepreneurs Under 40 NET WORTH

$350M
as of 12/12/16
  • Kobe Bryant died January 26, 2020 at age 41 in a helicopter crash, along with his 13-year-old daughter, Gianna, and 7 other passengers.
  • His net worth at the time of his death was an estimated $600 million.
  • Bryant retired from basketball in 2016 as the NBA’s third all-time leading scorer and won 5 NBA titles during his 20-year career.
  • His $680 million in earnings from playing salary and endorsements during his playing career were a record for a team athlete.
  • Bryant and entrepreneur Jeff Stibel set up a $100 million VC fund in 2016, Bryant Stibel, to invest in technology, media and data companies.
Stats
Source of WealthBasketball
Salary/Winnings$25 M
Endorsements$25 M
CitizenshipUnited States
Children4
SponsorsHublot, Nike, Panini

Net worth over time

$350M
America’s Richest Entrepreneurs Under 40
December 2016

The model has always been for entertainers to get sweat equity, but I wanted to progress beyond that.

Kobe Bryant

_________________________________________________________________

  • Facebook
  • Twitter
  • Google+
  • LinkedIn

Bryant’s estate, which Forbes reported to be worth up to $600 million at the time of his death and is now controlled by his widow Vanessa Bryant, will see a roughly $560 million payoff from the deal, the Wall Street Journal reports.

Bryant showed business prowess after his 2016 retirement from the NBA, with dealings in a variety of sectors that included “a media production company and a venture capital fund to invest in tech, media and data companies,” NBC News reported in 2020.

________________________________________________________________________

Kobe Bryant

Kobe Bryant
Bryant handling the basketball
  • Facebook
  • Twitter
  • Google+
  • LinkedIn

Bryant with the Los Angeles Lakers in 2014
Personal information
Born August 23, 1978
Philadelphia, Pennsylvania
Died January 26, 2020 (aged 41)
Calabasas, California
Nationality American
Listed height 6 ft 6 in (1.98 m)[a]
Listed weight 212 lb (96 kg)
Career information
High school Lower Merion
(Ardmore, Pennsylvania)
NBA draft 1996 / Round: 1 / Pick: 13th overall
Selected by the Charlotte Hornets
Playing career 1996–2016
Position Shooting guard
Number 8, 24
Career history
19962016 Los Angeles Lakers
Career highlights and awards
Career statistics
Points 33,643 (25.0 ppg)
Rebounds 7,047 (5.2 rpg)
Assists 6,306 (4.7 apg)
Stats 
Edit this at Wikidata
  • Facebook
  • Twitter
  • Google+
  • LinkedIn
at NBA.com
Stats at Basketball-Reference.com
Basketball Hall of Fame as player
Medals
Men’s basketball
Representing
  • Facebook
  • Twitter
  • Google+
  • LinkedIn
 
United States
Olympic Games
Gold medal – first place
  • Facebook
  • Twitter
  • Google+
  • LinkedIn
  • Facebook
  • Twitter
  • Google+
  • LinkedIn
  • Facebook
  • Twitter
  • Google+
  • LinkedIn
2008 Beijing Team
Gold medal – first place
  • Facebook
  • Twitter
  • Google+
  • LinkedIn
  • Facebook
  • Twitter
  • Google+
  • LinkedIn
  • Facebook
  • Twitter
  • Google+
  • LinkedIn
2012 London Team
FIBA Americas Championship
Gold medal – first place
  • Facebook
  • Twitter
  • Google+
  • LinkedIn
  • Facebook
  • Twitter
  • Google+
  • LinkedIn
  • Facebook
  • Twitter
  • Google+
  • LinkedIn
2007 Las Vegas Team

  • Facebook
  • Twitter
  • Google+
  • LinkedIn

Kobe Bean Bryant (/ˈkb/ KOH-bee; August 23, 1978 – January 26, 2020) was an American professional basketball player. A shooting guard, he spent his entire 20-year career with the Los Angeles Lakers in the National Basketball Association (NBA). Widely regarded as one of the greatest basketball players of all time, Bryant won five NBA championships, was an 18-time All-Star, a 15-time member of the All-NBA Team, a 12-time member of the All-Defensive Team, the 2008 NBA Most Valuable Player (MVP), and a two-time NBA Finals MVP. Bryant also led the NBA in scoring twice, and ranks fourth in league all-time regular season and postseason scoring. He was posthumously voted into the Naismith Memorial Basketball Hall of Fame in 2020.

Born in Philadelphia and partly raised in Italy, Bryant was recognized as the top American high-school basketball player while at Lower Merion. The son of former NBA player Joe Bryant, he declared for the 1996 NBA draft and was selected by the Charlotte Hornets with the 13th overall pick; he was then traded to the Lakers. As a rookie, Bryant earned a reputation as a high-flyer by winning the 1997 Slam Dunk Contest, and was named an All-Star by his second season. Kobe led the Lakers to three consecutive NBA championships from 2000 to 2002.

After the Lakers lost the 2004 NBA Finals, O’Neal was traded and Bryant became the cornerstone of the Lakers. He led the NBA in scoring in the 2005–06 and 2006–07 seasons. On January 22, 2006, he scored a career-high 81 points; the second most points scored in a single game in league history, behind Wilt Chamberlain’s 100-point game in 1962. Bryant led the team to consecutive championships in 2009 and 2010, both times being named NBA Finals MVP. He continued to be among the top players in the league through the 2012–13 season, when he suffered a torn achilles tendon at age 34. Season-ending knee and shoulder injuries followed in the next two seasons. Citing physical decline, Bryant retired after the 2015–16 season.

The all-time leading scorer in Lakers history, Bryant was the first guard in NBA history to play 20 seasons. His 18 All-Star designations are the second most all time, while it is the record for most consecutive appearances as a starter. Bryant’s four NBA All-Star Game MVP Awards are tied with Bob Pettit for the most in NBA history. He gave himself the nickname “Black Mamba” in the mid-2000s, and the epithet became widely adopted by the general public. At the 2008 and 2012 Summer Olympics, he won two gold medals as a member of the U.S. national team. In 2018, he won the Academy Award for Best Animated Short Film for the film Dear Basketball (2017).

Bryant died, along with his daughter Gianna and seven others, in a helicopter crash at Calabasas, California in January 2020. A number of tributes and memorials were subsequently issued, including renaming the All-Star MVP Award in his honor.

About The Author

Live Chat Software

Leave a reply

Advertisement

Like Us On Facebook!