In addition to being a basketball player, Kobe Bryant was also a producer, philanthropist, and entrepreneur in his own right. Kobe Bryan was valued $600 million at the time of his death. Sadly, Kobe Bryant was killed in a helicopter crash on January 26, 2020. Kobe Bryant was a two-time NBA Finals MVP and an 18-time NBA All-Star.
Kobe was still one of the highest-paid players in sports even after he left the field of play. Over the course of his career, Kobe Bryant amassed a fortune in the hundreds of millions of dollars via sponsorships and his income as a basketball player. He invested well in his company’s future. BodyArmor, the beverage in which he had a share, was worth $200 million at the time of his death. His initial investment of $6 million was made six years ago. Coca-Cola spent $5.6 billion in October 2021 to purchase the whole BodyArmour business.
Today, what would Kobe Bryant Net Worth be if he were still alive?
As previously said, Kobe Bryant was worth $600 million at the time of his death. The pre-tax value of his investment in BodyArmour was included in that total.
The Bryant family’s stake in BodyArmor had been whittled down to 5% by the time Coca-Cola bought it outright for $8 billion in October 2021. This purchase brought about $400 million for his estate before taxes. That came to almost $270 million after taxes. This agreement would have increased Kobe’s fortune from $600 million to $670 million if he were still living at the time.
That may not seem like much of a gain, but it takes into consideration an increase in BodyArmor’s worth of $200 million as well as a reduction in taxes of around $130 million. Kobe Bryant would have had a net worth of $700 million at the start of 2022 if previous trades and transactions had gone his way.
THE ESSENTIAL DETAILS
- It earned $328 million in NBA earnings
- Sponsorships brought in $350 million in revenue.
- BodyArmor received a $6 million investment in 2014
- This shareholding was worth $200 million as of August of last year.
- The BodyArmor share in Kobe Bryant was sold for $400 million by his estate in October of 2021.
In Philadelphia, Pennsylvania, Kobe Bryant was born on August 23rd, 1978. Joe Bryant, his father, was a former Philadelphia 76ers player. In a restaurant, they noticed a dish of Kobe beef and decided to name their son after it. Upon retiring from the NBA, Joe took his family to Italy where he played in a European league until his son, Kobe, was six years old. Kobe has mastered the Italian language. As a preteen, Kobe would visit the United States to play in summer basketball leagues. After Joe’s playing career came to an end, the family returned to Philadelphia, where Joe attended Lower Merion High School before graduating.
As a high school player, Kobe led his team to its first state title in 53 years. This year, USA Today selected him to its first-team All-American squad and Gatorade named him Men’s National Basketball Player of the Year. His SAT score was good enough to get him into numerous institutions on a scholarship, but Kobe decided to go straight into the professionals instead. Kobe is the NBA’s youngest player ever picked.
A pre-arranged transaction saw the Lakers acquire Kobe immediately after he was selected by the Hornets during the first round of the draught. Kobe’s parents had to sign his rookie contract because he was only 17 at the time. A three-year, $3.5 million NBA contract was his first professional contract.
At the age of 18, Kobe Bryant became the NBA’s youngest ever starter. At the end of his third season with the team, he truly began to shine. The comparisons to Michael Jordan and Magic Johnson began to flow in his direction as he began to play every game from the outset.
Additionally, he received a $70 million 6-year contract deal after completing his third season. The Lakers hired Phil Jackson as their head coach in 1999. The Lakers, led by Jackson and Kobe, would go on to win five NBA championships during Jackson’s stint there. Including the years 2000-2002, which were all three consecutive.
The Earnings of Kobe Bryant During His Career
Kobe Bryant made more than $328 million in salary alone throughout his NBA career with the Los Angeles Lakers. A three-year, $90 million deal agreed in 2010 is another major NBA contract. A two-year $48.5 million contract extension was signed by him in 2013. Kobe got $25 million in compensation in his final NBA season.
Over the course of his career, Kobe Bryant raked in close to $400 million in endorsement fees. Throughout all, he’s earned $680 million in his career.
Nike, Sprite, McDonald’s, Turkish Airlines, Lenovo, Hublot, and Panini were among his most prominent sponsors. China’s rising popularity of Kobe led to lucrative sponsorship deals with Chinese-specific corporations like Alibaba, Sina.com, and Mercedes Benz.
For the first several years of his career, he was contracted to Adidas. Before the 1996 season, he signed a six-year deal with Adidas worth $48 million.
In the aftermath of his 2003 sexual assault charges, several of Kobe’s sponsorship arrangements were discontinued. Nike, on the other hand, signed him to a four-year, $10 million-per-year contract the same year. For the first two years of his career, Kobe did not appear in any Nike marketing materials.
It wasn’t long before endorsement arrangements were back in full swing.
Investing in Body Armor
In March of this year, Kobe bought a $6 million holding in sports drink BodyArmour for a 10% stock position.
Coca-Cola paid $2 billion for a 15 percent share in BodyArmor in August of this year. As a result, the $6 million Kobe had invested was actually worth $200 million before taxes. Eventually, after assuming control of bottling and distribution, Coca-Cola received an additional 15% stock holding.
Coca-Cola paid $5.6 billion for the remaining 70% of BodyArmor in October 2021, valuing the company at $8 billion. Kobe’s interest had been cut to 5% at the time of the acquisition, therefore his estate received a $400 million windfall.
Kobe Bryant has two Olympic gold medals to his name outside of the NBA.
Dear Basketball earned Kobe an Academy Award for Best Animated Short Film in 2018.
There is Bryant Stibel
In August 2016, Kobe and his business partner Jeff Stibel raised $100 million to start their own venture capital firm, Byrant-Stibel. The goal of the fund is to make investments in media, technology, and data firms. The Players Tribune, LegalZoom, Juicero, and Scopely, a video game developer, are just a few of the companies Jeff and Kobe have invested in.
Life at Home
Kobe married Vanessa Laine, a 17-year-old high school sweetheart, in November 1999. A music video shoot brought them together while she was doing background work. At the same time, he was working on his debut record in the studio. Within six months of their initial meeting, they had decided to marry. In high school, she was still a senior.
On April 18, 2001, at Dana Point, California, Kobe and Vanessa were married. Bryant’s parents reportedly refused to attend the wedding because they disapproved of their son’s and daughter’s union.
Natalia Diamante Bryant was born on January 19th, 2003, and Gianna Maria-Onore Bryant was born in May of same year. They had a total of four daughters, all of whom were born in the same year. Bianka and Capri are the names of their other daughters.
After 10.5 years of marriage, Vanessa Bryant filed for divorce on December 16, 2011. Vanessa’s divorce settlement may have cost him $100-150 million if the pair hadn’t signed a prenuptial agreement. Both of them came around in the end.
Kobe Bryan perished in a helicopter crash on January 26, 2020, at the age of 41, in an incredibly stunning turn of events. The collision claimed the lives of eight additional persons. As well as Gianna, Kobe’s 13-year-old daughter, Gianna was a casualty of the shooting.
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