Kobe Bryant net worth
Number of divisions: 26
What is Kobe’s net worth?
Kobe Bryant is an American professional basketball player, producer, philanthropist and entrepreneur. Kobe Bryant’s net worth at the time of his death was $600 million. Unfortunately, Kobe Bryant died in a helicopter crash on January 26, 2020. Kobe Bryant has been selected to the NBA All-Star 18 times, won the NBA Championship 5 times, and won the Finals MVP 2 times.
Even after retirement, Kobe is one of the highest paid athletes in sports. Kobe earned hundreds of millions of dollars from salary and endorsements throughout his life. He made an extremely wise business investment. At the time of his death, his equity in BodyArmour Beverage was worth $200 million. Just six years ago, he bought shares for $6 million. In October 2021, Coca-Cola spent US$5.6 billion to acquire 100% of BodyArmour.
What is Kobe Bryant’s net worth today?
As just said, Kobe Bryant’s net worth at the time of his death was $600 million. This figure includes the $200 million pre-tax value attributed to his BodyArmour investment.
By October 2021, when Coca-Cola acquired a 100% stake in BodyArmour at a valuation of US$8 billion, Kobe Manor’s stake had fallen to 5%. As a result, his estate received $400 million in pre-tax income from this transaction. The after-tax calculation is approximately US$270 million. Therefore, if Kobe is alive when this transaction occurs, his net worth will increase from $600 million to $670 million. This does not seem to be a huge increase, but it takes into account that BodyArmour’s valuation has increased by US$200 million, as well as a decrease of approximately US$130 million due to taxes. For other transactions and transactions, it can be safely assumed that in a different reality, Kobe Bryant’s net worth in 2022 will reach 700 million U.S. dollars.
early life
Kobe Bryant was born on August 23, 1978 in Philadelphia, Pennsylvania. His father Joe Bryant was a player on the Philadelphia 76ers. His parents named him after the famous Japanese Kobe beef, which they saw on the menu of a restaurant. When Kobe was six, Joe retired from the NBA and his family moved to Italy, where he continued to play in the Europa League. Kobe has learned fluent Italian. In the summer of adolescence, Kobe will return to the United States to participate in the summer basketball league. When Joe completely withdrew from the game, the family moved back to Philadelphia, where he attended Lower Merion High School.
Bryant performed well in basketball in high school. He led the team to the first state championship in 53 years. He was quickly named Gatorade’s Male Basketball Player of the Year and USA Today’s All-American First Team Player. His SAT score is enough to get him a scholarship to enter many universities, but Kobe chose to go directly to a professional player. Kobe is the youngest player in NBA history.
NBA
Kobe was initially selected by the Hornets, but was quickly traded to the Lakers in a pre-arranged trade. Because he was 17, Kobe’s parents had to sign a rookie contract with him. His first NBA contract was a three-year, $3.5 million contract.
The 18-year-old Kobe became the youngest starter in NBA history. It wasn’t until his third year with the Lakers that he really took a big step. He started every game and began to compare with Michael Jordan and Magic Johnson.
His third year also brought him a six-year renewal contract worth 70 million US dollars. In 1999 Phil Jackson became the head coach of the Lakers. Jackson, Kobe and the Lakers will continue to win the NBA championship five times. Including 2000-2002 for three consecutive years.
Kobe Bryant’s salary and professional income
During his NBA career with the Los Angeles Lakers, Bryant earned just over $328 million Only in terms of salary. Other notable NBA contracts include a three-year, $90 million renewal contract signed in 2010. In 2013, he signed a two-year renewal contract worth 48.5 million U.S. dollars. In his last year in the NBA, Kobe received a salary of $25 million.
Kobe made about US$350 million The endorsement from his life. This brings his total career income to 680 million US dollars.
His most famous endorsements include Nike, Sprite, McDonald’s, Turkish Airlines, Lenovo, Hublot and Panini. Bryant’s popularity in China has allowed him to sign lucrative China endorsement agreements with companies such as Alibaba, Sina.com, and Mercedes-Benz.
In the first few years of his career, he signed with Adidas. The Adidas contract he signed before the 1996 season was worth $48 million and lasted for six years.
In 2003, many of Bryant’s endorsement contracts were cancelled due to allegations of his sexual assault. A notable exception is Nike, which signed a 4-year contract with him in the same year, paying $10 million a year. Interestingly, Nike has not used Kobe in any sponsored works for two years.
The endorsement transaction finally returns in full.
Bulletproof vest investment
In March 2014, Kobe bought a 10% stake in the sports drink BodyArmour for US$6 million.
In August 2018, Coca-Cola acquired a 15% stake in BodyArmor, and the company’s overall valuation was US$2 billion. This means that the book value of Kobe’s $6 million investment before taxes is $200 million. After Coca-Cola took over the bottling and distribution business, it eventually gained an additional 15% stake.
In October 2021, Coca-Cola acquired all the remaining 70% of BodyArmour for US$5.6 billion. The transaction valued the brand at US$8 billion. At the time of the acquisition, Kobe’s shares had fallen to 5%, so his estate received a windfall of $400 million from the transaction.
Hannah Fosley/Getty Images
Outside of NBA
Kobe won gold medals at the 2008 and 2012 Summer Olympics.
In 2018, Bryant won the Oscar for Best Animated Short Film for his movie “Dear Basketball”.
Bryant Stiebel
In August 2016, Kobe and business partner Jeff Stibel founded a venture capital company called Byrant-Stibel with a capital of 100 million U.S. dollars. The fund aims to invest in technology, media and data companies. Jeff and Kobe have invested in dozens of companies, including sports media sites The Players Tribune, LegalZoom, Juicero, and video game designer Scopely.
(Photo: Kevork Djansezian/Getty Images)
personal life
In November 1999, Kobe married Vanessa Laine, then 17 years old. They met when she was a background dancer in a music video. He made his first music album in the studio. They got engaged within six months after the first meeting. She is still a high school student.
Kobe and Vanessa got married on April 18, 2001 in Dana Point, California. Bryant’s parents did not attend the wedding because they reportedly disagree with the relationship.
On January 19, 2003, they welcomed their first child, Natalia Diamante Bryant, and on May 1, 2006, their second child, Gianna Maria-Onore Bryant. They ended up with four children in total, all daughters. Their other daughters are named Bianka and Capri.
On December 16, 2011, Vanessa Bryant filed for divorce after 10.5 years of marriage. The couple did not get married, and Vanessa’s divorce agreement may cost him US$10-150 million. They finally reconciled.
die
In an absolutely shocking incident, Kobe Bryant died in a helicopter crash on January 26, 2020, at the age of 41. Another eight people were killed in the crash. Kobe’s 13-year-old daughter, Jaina, was also one of the victims.
