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Kobe Bryant Net Worth At The Time of Death
Here we are talking about Kobe Bryant net worth, career, early life, investment, and more.
Kobe Bryant Net Worth
American professional basketball player, producer, philanthropist, and entrepreneur Kobe Bryant has passed away. Kobe Bryan’s estate was valued at $600 million at the time of his passing. Kobe Bryant tragically perished in a helicopter accident on January 26, 2020. Kobe Bryant won 5 NBA titles, was named Most Valuable Player of the NBA Finals twice and was named an NBA All-Star 18 times. Despite his retirement, Kobe was still one of the highest-paid athletes. Kobe’s career earnings were in the hundreds of millions of dollars, thanks to his salary and endorsement deals. His business decisions were brilliant. His $200 million stock share in body armour, a sports drink company, was worth it when he passed away. Just six years prior, he paid $6 million for his share. Coca-Cola paid $5.6 billion in October 2021 to purchase outright ownership of body armor.
2 Years’ Net Worth Trend
Kobe Bryant net worth in 2019
Kobe Bryant net worth in 2018
Early Life of Kobe Bryant
In Philadelphia, Pennsylvania, Kobe Bryant entered the world on August 23, 1978. Joe Bryant Sr. was an NBA player with the 76ers. His mom and dad picked out his name after dining on the renowned Kobe beef of Japan. Kobe was just six years old when his father, Joe, left the NBA to play in Italy’s Serie A. Kobe is now fluent in the Italian language. When he was a young teen, Kobe would spend the summers in the United States playing in summer basketball leagues. After Joe retired from sports, he and his family returned to Philadelphia, where he enrolled at Lower Merion High School. Kobe Bryant’s high school basketball team won their first state title in 53 years because of Kobe’s excellent play. He was immediately voted the best male basketball player in the nation by Gatorade and selected to the first team of USA Today’s All-USA squad. Kobe scored so highly on the SAT that he could have received a scholarship to play at several different universities, but instead he went directly to the NBA. Kobe was selected with the youngest draught class in NBA history.
Career Earnings of Kobe Bryant
With the Los Angeles Lakers, Kobe Bryant made nearly $328 million in compensation during his NBA career. In 2010, an NBA player signed a three-year, $90 million extension. His two-year, $48.5 million contract was renewed in 2013. At the end of his NBA career, Kobe was paid $25 million. Approximately $350 million of Kobe’s fortune came from endorsement deals. As a result, his lifetime profits amounted to $680 million.
Nike, Sprite, McDonald’s, Turkish Airlines, Lenovo, Hublot, and Panini were among his most prominent sponsors. Because of his immense popularity there, Kobe was able to get multimillion-dollar endorsement deals with Chinese firms like Alibaba, Sina.com, and Mercedes-Benz. For the first several years of his career, he was under Adidas’ sponsorship. Before the 1996 season, he signed a six-year contract with Adidas worth $48 million.
As a result of the sexual assault allegations against him in 2003, Kobe lost many sponsorship deals. One company that did sign him that year was Nike, which gave him a four-year contract for $10 million annually. Contrary to popular belief, Nike did not use Kobe in any of its sponsorship materials for a full two years. Finally, endorsement deals came back in a big way.
Investment in Body Armour
Kobe paid $6 million in March 2014 to acquire a 10% stock investment in the sports drink company’s body armour. Coca-Cola invested $15 million in BodyArmor in August 2018, valuing the company at $2 billion at the time. After accounting for taxes, Kobe’s $6 million investment was worth $200 million. After eventually assuming responsibility for bottling and distribution, Coca-Cola was awarded a fifteen percent equity stake. Coca-Cola paid $5.6 billion in October 2021 to acquire the remaining 70% of body armour, valuing the company at $8 billion. Given that Kobe’s interest had been whittled down to 5% at the time of the acquisition, his estate reaped a windfall of $400 million.
Before Kobe even had a chance to play for the Hornets, he was traded to the Lakers in a planned agreement. Kobe’s parents had to cosign his rookie contract when he was 17 years old. He signed a $3.5 million, three-year contract with the NBA. Kobe Bryant set a record as the youngest NBA starter at age 18. The third year with the Lakers was when he finally began to reach his potential. Eventually, he was being compared to greats like Michael Jordan and Magic Johnson, and he was starting every game. He received a $70 million, 6-year contract extension in his third year. Phil Jackson took over as Lakers head coach in 1999. Five NBA titles were won by Jackson, Kobe, and the Lakers during this era. That span of three years from 2000-2002 is included.
Personal Life of Kobe Bryant
Kobe and Vanessa Laine, who was 17 at the time, tied the knot in November 1999. It was during her time as a background dancer in a music video that they first crossed paths. It was at this time that he entered the recording studio to begin production on his first album. Just six months after their initial encounters, they were already engaged. As of this writing, she was a senior in high school. On April 18, 2001, in Dana Point, California, Kobe and Vanessa tied the knot. According to reports, Bryant’s parents did not attend the wedding since they did not agree with the union.
On January 19, 2003, they were blessed with the birth of their first child, Natalia Diamante Bryant, and on May 1, 2006, they welcomed their second child, Gianna Maria-Onore Bryant. After a while, they had four daughters. Bianka and Capri are the couple’s other two daughters. Vanessa Bryant filed for divorce on December 16, 2011, following 10.5 years of marriage. They didn’t have a prenup, so Vanessa’s divorce settlement might cost him between $100 million and $150 million. Through time, they were able to make amends.
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