Net Worth Of Kobe Bryant – On the third anniversary of Kobe Bryant’s death, we look at how the legendary basketball player and savvy businessman excelled on and off the court.
Kobe Bryant has been selected as one of the 2020 inductees into the Naismith Memorial Basketball Hall of Fame. Getty Images
Net Worth Of Kobe Bryant
It has been three years since NBA legend Kobe Bryant, his daughter Gianna and seven others tragically died in a helicopter crash in Los Angeles in January 2020.
Kobe Bryant Biography, Relationship, Networth, And Interesting Facts
Bryant was an NBA Most Valuable Player, a five-time NBA champion, and one of the most influential players to ever play basketball. He was also a shrewd businessman. This is how he dominated on and off the pitch.
Bryant earned $323, $312, $307 during his playing career with the Los Angeles Lakers, the sixth highest earnings in NBA history behind LeBron James, Chris Paul, Kevin Durant, Russell Westbrook and Kevin Garnett.
And off the field, Bryant has had great financial successes, including lucrative endorsement deals with well-known brands like McDonald’s MCD, +0.11% , Nike NKE, +0.15% and Mercedes-Benz DMLRY.
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According to Forbes, Bryant’s net worth at the time of his death on January 26, 2020 was approximately $600 million. Bryant is survived by his wife Vanessa, who is Bryant’s executor, according to Fox and ESPN, and daughters Natalia, Bianka and Capri.
One of Bryant’s most successful investments came when he was still playing in the NBA. According to ESPN, he invested $6 million in sports drink manufacturer Body Armor in exchange for a 10% equity stake in the company. He also became the brand’s spokesperson and helped recruit more brand ambassadors.
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Coca-Cola KO, +1.77% announced it will acquire control of Body Armor in November 2021 in a $5.6 billion deal, valuing the sports drink at $8 billion, according to the Wall Street Journal. According to the WSJ report, the Bryant estate made about $400 million from the deal.
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Another business success for Bryant was starting a $100 million venture capital firm in 2013 with Jeff Stibel, who was previously an executive at LegalZoom LZ, +5.04%, Web.com, Inc. and Dun & Bradstreet DNB, +2.49%.
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Her VC firm Bryant Stibel primarily invests in “companies with a focus on technology, media and data,” according to its website. Investments were diversified to include companies in the early stages of growth as well as larger, more established companies.
The company was an early investor in The Players’ Tribune, a media company whose content is created by athletes, and in personal care company Art of Sport. Bryant Stibel has also invested in larger companies such as Dell DELL, +0.87% , Alibaba BABA, +0.98% and “Fortnite” developer Epic Games. According to CNN Business, Bryant Stibel was worth more than $2 billion as of 2021.
In 2022, the Bryant estate struck a new deal with Nike to continue production of the late basketball star’s signature shoe. The Swoosh deal also includes a shoe honoring Gianna “Gigi” Bryant.
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“We are excited to announce that our partnership with Nike continues,” Vanessa Bryant wrote on Instagram. “I am so proud that my husband’s shoes are still the most worn shoes by players on NBA courts and that his shoes are still in such high demand among his fans around the world.”
On August 24, 2022, a jury awarded Vanessa Bryant $16 million in a lawsuit against Los Angeles because officials and firefighters shared gruesome photos of a helicopter crash with her husband — jurors said the photos violated their privacy and caused emotional distress.
When Kobe Bryant was selected as one of the 2020 inductees into the Naismith Memorial Basketball Hall of Fame, Vanessa Bryant and NBA legend Michael Jordan spoke at the ceremony.
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Kobe Bryant has hinted that the transition from basketball player to business mogul was a long-term goal that was important to him, especially because of his goal-oriented mindset. In fact, he wanted to be remembered as an investor.
“We have to keep learning,” Bryant said in 2016. “I mean, that’s why our mantra is value creation.” Because to grow, you have to keep learning. You have to keep moving, keep getting better. That is the key. To me, that’s what makes life fun.”
Tesla Inc. late Wednesday reported second-quarter earnings and sales that beat Wall Street expectations and maintained its 2023 target to produce about 1.8 million vehicles this year, but the stock fell more than 4% as results didn’t quite meet expectations for an overwhelming quarter. He has received numerous awards throughout his career and has amassed considerable wealth through his various business ventures, endorsements and investments. Even after his untimely death in 2020, his legacy continues to inspire and influence countless people around the world.
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In this blog, we take an in-depth look at Kobe Bryant’s net worth and explore how he built his wealth. We will also examine his business ventures, endorsements and investments that have contributed to his wealth.
By exploring his life and financial achievements, we hope to better understand the man behind the Mamba mindset and his impact on the world of sports, business and philanthropy.
Plus, learn how to build a million dollar brand in about a year with our FREE training.
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Kobe Bryant was a professional basketball player who played for the Los Angeles Lakers of the National Basketball Association (NBA) during his 20-year career. He was born on August 23, 1978 in Philadelphia, Pennsylvania and grew up in Italy and the United States.
Considered one of the greatest basketball players of all time, Bryant was known for his skill, athleticism and competitive spirit. He won five NBA championships with the Lakers and was twice named NBA Finals MVP. Kobe was an 18-time NBA All-Star and won the league’s MVP award in 2008. He retired in 2016 as the third-highest scorer in NBA history.
Bryant was also an accomplished businessman, author, and philanthropist. He died tragically in a helicopter crash on January 26, 2020 along with his daughter Gianna and seven others.
Kobe Bryant’s $600 Million Fortune: How He Won On—and Off—the Court
Kobe Bryant earned a significant amount of money during his 20-year career with the Los Angeles Lakers. He was one of the highest paid players in the NBA and his salary and endorsements greatly increased his net worth.
Kobe Bryant was one of the most marketable athletes of his generation and had a lot of support throughout his career. He has been associated with brands such as Nike, Coca-Cola, McDonald’s and Mercedes-Benz.
One of Bryant’s most lucrative endorsement deals was with Nike. In 2003, he signed a five-year contract with the company. The partnership was later extended and Bryant had his own sneaker line with Nike.
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In 2003, Bryant was accused of sexual assault by a 19-year-old Colorado hotel worker. The case was settled out of court, the terms were not disclosed. This negatively affected Bryant’s reputation but had no significant effect on his finances.
In addition to his basketball career, Bryant was involved in several business ventures, including a venture capital firm and an investment in a sports-drink company.
Kobe Bryant had his own sneaker line at Nike, and the Kobe A.D. series was a popular product among basketball fans and sneaker collectors.
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These are just a few examples of the many endorsement deals that Kobe Bryant has acquired throughout his career.
The mamba mentality was an expression coined by Kobe Bryant to describe his attitude toward basketball and life. It was inspired by his nickname “The Black Mambo”, which he chose because the mamba snake is aggressive, fast and agile. The Mamba mentality is about a relentless work ethic, a constant drive to improve, and an unwavering focus on personal goals.
, Bryant wrote about the importance of dedicating yourself to your craft, always striving for improvement and innovation, and willing to put in the hard work necessary to achieve greatness. He also emphasized the importance of mental toughness, resilience and the ability to bounce back from setbacks and failures.
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The mamba mentality has become a popular concept beyond basketball and is often cited as inspiration for athletes, entrepreneurs and anyone who aspires to excel in their chosen field.
Kobe Bryant’s popularity played a significant role in his fortune. Bryant was one of the most popular and marketable athletes of his generation, and his success on the basketball court helped establish him as a global brand.
Bryant’s popularity led to many endorsement deals with big brands such as Nike, Coca-Cola and McDonald’s. He also had lucrative partnerships with companies like Hublot, Lenovo and Panini America.
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Bryant’s success on the basketball court, coupled with his charismatic personality, made him a sought-after speaker and celebrity endorser. He also had a large following on social media, with millions of followers on Twitter and Instagram.
In addition to his endorsements, Bryant also had successful business ventures such as his multimedia content creation company, Kobe Inc., and his training facility.
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