Kobe Bryant Net Worth
Kobe Bryant, a former NBA player for the Los Angeles Lakers, was a five-time NBA champion. His net worth is $600 million. There will never be another basketball legend like the one we lost this year.
Even after retiring, Kobe was still one of the highest-paid athletes. Kobe’s career earnings were in the hundreds of millions of dollars. He had a $200 million stock holding in the beverage company BodyArmour at the time of his death. His initial investment was $6 million and that was only six years ago. Coca-Cola paid $5.6 billion in October 2021 to purchase outright ownership of BodyArmour.
Kobe Bryant Bio
On August 23, 1978, in Philadelphia, Pennsylvania, Kobe Bryant entered the world. Joe Bryant Sr. played for the Philadelphia 76ers, and he followed in his footsteps. His parents named him after the famous beef of Kobe, Japan which they saw on a menu at a restaurant. Joe retired from the NBA when Kobe was six, taking the family to Italy where he played in the Serie A. Kobe is now fluent in Italian, a language he studied for a while. Kobe would travel back to the United States to play in summer basketball leagues throughout his preteen years. The family relocated back to Philadelphia, where Joe would later enrol at Lower Merion High School after his retirement from playing football.
|Newport Beach, California
|Source of Wealth
Kobe Bryant Career
In 1996, Kobe Bryant was selected third overall. In his first year after graduating from Lower Merion High School, Kobe made $1 million. In 1999, he got his first large contract, guaranteeing himself $10 million annually for the following three years with the Los Angeles Lakers. With each passing year, Bryant only got better.
His income reached its highest point late in his career. In one season with the Lakers, Kobe made $30,4 million. This occurred in the winter of 2013–2014; he left his post in 2016.For his 20 years of service to the Lakers, Bryant was paid $320 million.
Kobe was one of the most beloved NBA players of his time, so companies flocked to sign him to lucrative endorsement deals. Some of the brands mentioned by Fortune are Nutella, Sprite, Spalding, Call of Duty, Upper Deck, and McDonald’s. Through endorsement deals, Bryant amassed a fortune during his time as one of the most famous people in the world.
For four years following his retirement, Bryant was in high demand as an endorser. He counted Turkish Airlines and Lenovo among his clients for 2020. The partnership between Bryant and Nike, which recently re-released his shoe brand, is the main source of income for him. Kobe earns $20 million year from endorsements, according to Fortune.
Bryant’s popularity dropped after sexual assault charges surfaced against him in 2003. In an effort to distance themselves from the Lakers star, McDonald’s and Ferrero severed their relations with him. Despite proving his innocence in court, Bryant’s market value reportedly never returned to its pre-controversy high.
Kobe’s investments outside of basketball are still bringing in millions. He has backed companies like The Players’ Tribune and BodyArmor with his money. In 2014, Kobe paid $6 million for a 10 percent stake in the company. When Coca-Cola invested in the business four years later, the value increased to $2 billion. Bryant’s initial $200 million investment has now increased. Bryant was a shrewd investor who brought in $20 million annually.
With the Black Mamba, basketball was forever changed. The next generation of NBA stars might take a page out of Kobe Bryant’s book when it came to managing their money.
Kobe Bryant Wife and Kids
When Kobe was just 19, he wed 17-year-old Vanessa Laine in November 1999. They were acquainted during the production of a music video in which she was employed as a background dancer. Coincidentally, he was also hard at work on his first studio record. Within a year of their initial encounters, they were already engaged. She was a high school senior at the time.
Kobe and Vanessa tied the knot on April 18, 2001, in Dana Point, California. Bryant’s parents allegedly did not attend the wedding because they did not agree with the union.
Natalia Diamante Bryant was born on January 19, 2003, and Gianna Maria-Onore Bryant arrived on May 1, 2006. Four girls joined their family in the end. Bianka and Capri are their other two daughters.
After a marriage of 10.5 years, Vanessa Bryant filed for divorce on December 16th, 2011. There was no prenuptial agreement between them, therefore he might have to pay $100 million to $150 million in Vanessa’s divorce settlement. Through time, they were able to make amends.
Kobe Bryant Death
Sadly, Kobe Bryan, 41, perished in a helicopter accident on January 26, 2020. The crash also claimed the lives of eight others. Kobe’s daughter Gianna, who was 13 at the time, was also a casualty.