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Kobe Net Worth: What is His Net Worth at the Time of His Death?

Kobe Net Worth

Kobe Net Worth: Bryant claimed the Most Valuable Player award in 2008 and was the Most Valuable Player of the Finals in 2009 and 2010. Bryant was an 18-time All-Star, 15-time All-NBA, and 12-time All-Defensive honoree. What is Kobe’s Net Worth? For more information scroll down!

Kobe’s Early Life and NBA Career

Kobe Bean Bryant was born on August 23, 1978, in Philadelphia, Pennsylvania. His father, Joe Bryant, was also a professional basketball player, which meant that Kobe grew up surrounded by the sport. He spent several years of his childhood living in Italy, where his father played professionally.

Kobe entered the NBA in 1996, at the age of just 18, after being selected as the 13th overall pick by the Charlotte Hornets in the draft.

However, he was immediately traded to the Los Angeles Lakers, where he would go on to spend his entire 20-year career. During his time in the NBA, Kobe won five championships, two Olympic gold medals, and numerous individual awards.

Cause of Kobe’s Death

Kobe was instrumental in the Lakers’ five NBA championships and is regarded as one of the greats. On January 26,  Kobe Bryan died in a helicopter accident on January 26, 2020, at the age of 41, in a shocking turn of events.

Eight additional individuals perished in the crash. Gianna, Kobe’s 13-year-old daughter, was also one of the victims.

Kobe Net Worth

Kobe Bryan’s net worth was $600 million at the time of his death. He made extremely prudent business decisions. At the time of his passing, his equity stake in BodyArmour was valued at $200 million.

Six years ago, he paid $6 million for a stake in the company. Coca-Cola paid $5,6 billion in October 2021 to acquire 100 percent of BodyArmour.

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Business Ventures

While Kobe’s NBA career was undoubtedly a significant contributor to his net worth, it wasn’t his only source of income. Kobe was also a successful entrepreneur who founded several companies and invested in others.

One of Kobe’s most successful ventures was his investment in the sports drink BodyArmor. In 2013, he invested $6 million in the company, which was then valued at just $10 million.

When Coca-Cola acquired a minority stake in the company in 2018, it was valued at $2 billion, netting Kobe a substantial return on his investment.

 

Kobe was also involved in the creation of several media companies. In 2014, he founded Kobe Inc., a company focused on creating and producing original content across various media platforms.

He also co-founded Granity Studios, a multimedia production company that specialized in creating content for young adults.

Real Estate Holdings

Like many wealthy individuals, Kobe also invested heavily in real estate throughout his life. One of his most significant real estate holdings was a 14,000-square-foot mansion in Newport Beach, California, which he purchased in 1998 for $4 million. He later sold the property in 2015 for $6.1 million.

Kobe also owned multiple properties in the Los Angeles area, including a home in the Pacific Palisades that he purchased for $9.5 million in 2015.

Endorsement Deals

Another significant source of income for Kobe was his numerous endorsement deals. Throughout his career, he had dealt with several major brands, including Nike, Coca-Cola, and McDonald’s.

Kobe’s most lucrative endorsement deal was with Nike, which began in 2003 and lasted until his death. According to Forbes, Kobe’s deal with Nike was worth an estimated $8 million per year.

The partnership was one of the most successful in the history of sports marketing, with Kobe’s signature shoe line generating billions in sales.

Summary

Kobe Bryant was a basketball legend and successful entrepreneur who made wise investments and business decisions that contributed significantly to his net worth.

Despite his tragic death in 2020, his legacy continues to inspire many people worldwide. From his impressive NBA career to his media ventures and endorsement deals, Kobe’s wealth was diverse and substantial.

His investment in BodyArmor, in particular, turned out to be a significant success, with Coca-Cola acquiring the company for $5.6 billion in 2021.

 

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