{"id":23006,"date":"2021-11-03T13:33:13","date_gmt":"2021-11-03T18:33:13","guid":{"rendered":"https:\/\/myboysay.com\/blog\/?p=23006"},"modified":"2021-11-03T13:33:13","modified_gmt":"2021-11-03T18:33:13","slug":"how-lakers-legend-kobe-bryant-amassed-a-1-billion-fortune-before-fatal-helicopter-crash","status":"publish","type":"post","link":"https:\/\/myboysay.com\/blog\/?p=23006","title":{"rendered":"How Lakers legend “Kobe Bryant” amassed a $1 BILLION fortune before fatal helicopter crash"},"content":{"rendered":"
\n
\n
\n
\n
\n
\n
\n
\n

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.<\/strong><\/p>\n

\"\"<\/p>\n

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.<\/strong><\/p>\n

\n
\n

\"<\/a><\/strong><\/p>\n

15<\/span><\/strong><\/div>\n<\/div>
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.<\/span> Bryant Stibel
\n@kobebryant
\n<\/span><\/strong><\/figcaption><\/figure>\n
\n
\n

\"<\/a><\/strong><\/p>\n

15<\/span><\/strong><\/div>\n<\/div>
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 NBA<\/span>Credit: AP:Associated Press<\/span><\/strong><\/figcaption><\/figure>\n

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,<\/strong><\/p>\n

That crash also claimed the life of his daughter Gianna<\/a> and seven others, and is still under investigation by the National Transportation and Safety Board.<\/strong><\/p>\n

Chartering helicopters was one of the few expensive habits Kobe had during his lifetime, as was his collection of cars.<\/strong><\/p>\n

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.<\/strong><\/p>\n

\n
\n
<\/div>\n<\/div>\n<\/div>\n

He also owned a few family-friendly cars as well over the years, including a Cadillac Escalade, Range Rover and a Jeep Wrangler.<\/strong><\/p>\n

\n
\n

\"<\/a><\/strong><\/p>\n

15<\/span><\/strong><\/div>\n<\/div>
Kobe would ultimately make about $675 million from his contract with the Lakers and endorsements<\/span>Credit: Getty Images – Getty<\/span><\/strong><\/figcaption><\/figure>\n
\n
\n

\"<\/a><\/strong><\/p>\n

15<\/span><\/strong><\/div>\n<\/div>
The $4 million diamond ring Kobe purchased for Vanessa in 2003<\/span>Credit: Getty Images – Getty<\/span><\/strong><\/figcaption><\/figure>\n
\n
\n

\"<\/a><\/strong><\/p>\n

15<\/span><\/strong><\/div>\n<\/div>
The custom 1967 Pontiac Parisienne Convertible Kobe got from Snoop Dogg when he retired<\/span>Credit: Twitter<\/span><\/strong><\/figcaption><\/figure>\n

One thing he did not own in bulk however was real estate.<\/strong><\/p>\n

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.<\/strong><\/p>\n

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.<\/strong><\/p>\n

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.<\/strong><\/p>\n

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).<\/strong><\/p>\n

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.<\/strong><\/p>\n

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.<\/strong><\/p>\n

\n
\n

\"<\/a><\/strong><\/p>\n<\/div>

The $22 million home that Kobe was living in with his family at the time of his death<\/span>Credit: Google Earth<\/span><\/strong><\/figcaption><\/figure>\n
\n
\n

\"<\/a><\/strong><\/p>\n

15<\/span><\/strong><\/div>\n<\/div>
One of two homes within a mile of that property which Bryant owned and sold for a profit<\/span>Credit: Google Earth<\/span><\/strong><\/figcaption><\/figure>\n
\n
\n

\"<\/a><\/strong><\/p>\n

15<\/span><\/strong><\/div>\n<\/div>
Bryant had purchased one of the properties for his mother-in-law to live in but later sold it for a multimillion-dollar profit<\/span>Credit: Google Earth<\/span><\/strong><\/figcaption><\/figure>\n
\n
\n

\"<\/a><\/strong><\/p>\n

15<\/span><\/strong><\/div>\n<\/div>
The office space for his businesses, which he bought for $5.8 million in 2015<\/span>Credit: Google Earth<\/span><\/strong><\/figcaption><\/figure>\n

He led the team to five championships during this time, and at his peak earned $30 million for the 2013-14 season.<\/strong><\/p>\n

Only Kevin Durant has earned more than Kobe, though should Lebron James play one more season he too would pass the Black Mamba.<\/strong><\/p>\n

Kobe saved his most impressive move for his post-NBA years however, when he founded the venture capital firm Bryant Stibel.<\/strong><\/p>\n

In just four years, that firm has come to manage over $2 billion in assets after backing a number of impressive companies.<\/strong><\/p>\n

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.<\/strong><\/p>\n

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.<\/strong><\/p>\n

This was no vanity project either for Kobe, who matched his co-workers MBAs with all he learned in the NBA.<\/strong><\/p>\n

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.<\/strong><\/p>\n

\n
\n

\"<\/a><\/strong><\/p>\n

15<\/span><\/strong><\/div>\n<\/div>
Kobe above with 50 Cent and Meryl Streep) is one of just a handful of athletes to cross the $1 billion mark<\/span>Credit: Instagram<\/span><\/strong><\/figcaption><\/figure>\n
\n
\n

\"<\/a><\/strong><\/p>\n

15<\/span><\/strong><\/div>\n<\/div>
Kobes fortune will likely all go to his wife Vanessa above at his memorial)<\/span>Credit: Reuters<\/span><\/strong><\/figcaption><\/figure>\n
\n
\n

\"<\/a><\/strong><\/p>\n

15<\/span><\/strong><\/div>\n<\/div>
Kobe was one of the nine people who lost their life during a January helicopter crash in Calabasas<\/span>Credit: Reuters<\/span><\/strong><\/figcaption><\/figure>\n

Sony, McDonald\u2019s, 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.<\/strong><\/p>\n

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.<\/strong><\/p>\n

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).<\/strong><\/p>\n

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).<\/strong><\/p>\n

\n
\"\"<\/div>\n<\/div>\n

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.<\/strong><\/p>\n

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.<\/strong><\/p>\n

The criminal case against him was ultimately dropped and Kobe made a very public apology with his wife Vanessa by his side.<\/strong><\/p>\n

He settled a civil suit with the woman, and Vanessa received an 8-karat, purple diamond ring worth $4 million.<\/strong><\/p>\n

\n
\"\"<\/div>\n<\/div>\n

Nike, who had signed Kobe just days before Kobe was accused of sexual assault, stood by him, but one brand quickly jumped ship,.<\/strong><\/p>\n

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.”<\/strong><\/p>\n

\n
\n

\"<\/a><\/strong><\/p>\n

15<\/span><\/strong><\/div>\n<\/div>
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 McElroy<\/span>Credit: Instagram<\/span><\/strong><\/figcaption><\/figure>\n
\n
\n

\"<\/a><\/strong><\/p>\n

15<\/span><\/strong><\/div>\n<\/div>
Kobe turned a $6 million investment in BodyArmor (above with investors) into $200 million in stock<\/span>Credit: Instagram<\/span><\/strong><\/figcaption><\/figure>\n
\n
\n

\"<\/a><\/strong><\/p>\n

15<\/span><\/strong><\/div>\n<\/div>
Kobe and Joel Stiebel ,his partner in the venture capital fund that made him a billionaire<\/span>Credit: Getty Images<\/span><\/strong><\/figcaption><\/figure>\n

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.<\/strong><\/p>\n

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.<\/strong><\/p>\n

\n
\"\"<\/div>\n<\/div>\n

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.<\/strong><\/p>\n

The basketball star purchased his 10 percent stake in BodyArmor through his newly formed company at the time, Kobe Inc.<\/strong><\/p>\n

He was not doubt looking to the future<\/a>, 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.<\/strong><\/p>\n

“There is finality to my career and now is time to put those plans into motion,” Kobe told Forbes at the time.<\/strong><\/p>\n

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.<\/strong><\/p>\n

“I learned not to have ownership in something that you are not going to be able to oversee and manage,\u201d explained Kobe.<\/strong><\/p>\n

\u201cYou need to delegate, but ultimately it must be your vision that is driving things.\u201d<\/strong><\/p>\n

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.<\/strong><\/p>\n

________________________________________________________________________<\/strong><\/p>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<\/div>\n

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<\/strong><\/h1>\n
\n
\"Los<\/strong>
Los Angeles Lakers great Kobe Bryant was a major reason why the company BodyAmor has been successful<\/strong><\/figcaption><\/figure>\n<\/div>\n
\n
\n
\n
\n

In the year 2014, Los Angeles Lakers<\/a> superstar and Hall of Fame shooting guard Kobe Bryant<\/a> 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.<\/strong><\/p>\n

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.<\/strong><\/p>\n

\"Kobe<\/strong>
Kobe Bryant’s investment will return $400 million<\/strong><\/figcaption><\/figure>\n

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:<\/strong><\/p>\n

“The model has always been for entertainers to get sweat equity, but I wanted to progress beyond that.”<\/strong><\/p><\/blockquote>\n

\"\"<\/strong><\/p><\/blockquote>\n

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.<\/strong><\/p>\n

\n
\n
\n
\n
@WSJ<\/span><\/strong><\/div>\n<\/div>\n
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<\/a><\/strong><\/div>\n
7:00 AM \u00b7 Oct 31, 2021<\/strong><\/div>\n<\/div>\n<\/div>\n<\/div>\n

The Bodyarmor company has seen a number of notable professional athletes invest in the brand alongside Kobe Bryant. These individuals have included James Harden<\/a>, Mike Trout, Rob Gronkowski<\/a>, 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.<\/strong><\/p>\n

“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.<\/strong><\/p><\/blockquote>\n

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.<\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

\n
\n
\n
\n

\"\"<\/strong><\/p>\n

\n
\n
\n

With Bodyarmor’s Sale to Coca-Cola, Kobe Bryant’s Estate Will See Estimated $560M<\/strong><\/h1>\n

\"\"<\/strong><\/p>\n

Bryant first became a shareholder in sports drink maker Bodyarmor in 2013.<\/strong><\/h2>\n<\/div>\n<\/div>\n
\n
\n
\n
\n
\"Split<\/strong><\/div>
<\/cite><\/p>\n
Coca-Cola acquired Bodyarmor for $5.6 billion. Kobe Bryant was an early investor in the company.<\/span><\/span><\/strong><\/div>\n<\/figcaption><\/figure>\n
\n

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

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.<\/strong><\/p>\n

“I put my skin in the game,” Bryant told Forbes<\/a> in 2014, after his hefty investment.<\/strong><\/p>\n

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

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.<\/strong><\/p>\n

BodyArmor was co-founded in 2011 by Mike Repole, who just four years earlier had sold his previous company, Glac\u00e9au, for $4.1 billion \u2014 also to Coke. Glac\u00e9au is the maker of SmartWater and VitaminWater.<\/strong><\/p>\n

The deal has been in the works since at least February, based on a pre-acquisition filing with the Federal Trade Commission, CNBC reports.<\/strong><\/p>\n

________________________________________________________________________<\/strong><\/p>\n

\n
\n
\n
\"\"<\/a><\/strong><\/div>\n
\n
\n

#33 <\/span>Kobe Bryant<\/strong><\/h1>\n

Deceased<\/span><\/strong><\/p>\n<\/div>\n

\n
\n
\n

2016 America’s Richest Entrepreneurs Under 40 NET WORTH<\/strong><\/h3>\n
$350M<\/strong><\/div>\n
as of 12\/12\/16<\/strong><\/div>\n<\/div>\n<\/div>\n
<\/div>\n<\/div>\n
\n