Monday, January 16, 2023

Kobe Bryant

 Kobe Bryant, an American professional basketball player, producer and philanthropist was also an entrepreneur. At the time when he died, Kobe Bryan had a net worth of 600 million dollars. Tragically, Kobe Bryant died on the 26th of January, 2020 in a crash of a helicopter. Kobe Bryant was an 18X NBA All-Star, a 5X NBA Champion and 2X NBA Finals MVP.Kobe was one of the top athletes paid on the planet, even when he retired. Kobe made hundreds of millions from endorsements and salary during his lifetime. Kobe was a smart investor. At the time of his demise his equity stake in the drink BodyArmour was worth $200 million. He paid $6 million to purchase the stake only six years earlier. Coca-Cola paid $5.6 Billion to purchase the entire ownership of BodyArmour in October 2021. The figure included $200 million of pre-tax earnings that was attributed to his BodyArmour investment.By the time Coca-Cola purchased 100% of BodyArmour at an $8 billion valuation in October 2021 The Bryant estate's equity was decreased to 5percent.

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