Monday, January 16, 2023

Kobe Bryant

 Kobe Bryant was an American professional basketball player as well as a producer, philanthropist, and an entrepreneur. Kobe Bryant had a net worth of over 600 million dollars at the date of his death. Tragically, Kobe Bryant died on January 26, 2020 in a helicopter crash. Kobe Bryant, an 18X NBA All-Star and a 5X NBA Champion, was 2X NBA Finals MVP and was among the most highly-paid sportsmen even after his retirement. Kobe made hundreds of millions through endorsements and salaries during his lifetime. He was a wise investor. The equity stake he held in BodyArmour that he held was worth 200 million when he died death. Six years earlier, he paid $6 million to acquire the stake. Coca-Cola paid $5.6 Billion to purchase 100% ownership of BodyArmour in October 2021. The figure included $200 million in pre-tax value due to his BodyArmour investment.By the time Coca-Cola acquired the entirety of BodyArmour at an $8 billion valuation in October 2021 and the Bryant estate's equity was diminished to 5percent.    



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