He reached it before he died
Kobe Bean Bryant was an American basketball player. He was a shooting guard for the Los Angeles Lakers for 20 years (NBA). Known as one of the greatest basketball players of all time, Bryant was an 18-time All-Star, 15-time All-NBA, 12-time All-Defensive, the 2008 NBA MVPand a double time NBA Finals MVP. Bryant was the NBA’s leading scorer twice and ranks fourth all-time in the regular season and playoffs. at the Naismith Memorial Basketball Hall of Fame.
Bryant, who grew up in Philadelphia and Italy, was the top American basketball player at Lower Merion High School. The son of former NBA player Joe Bryant, he entered the 1996 NBA draft and was picked 13th overall by the Charlotte Hornets before being traded to the Lakers. Bryant won the 1997 Slam Dunk Contest as a rookie and was an All-Star in his second season.
Along with Shaquille O’Neal, they guided the Lakers to three consecutive NBA titles from 2000 to 2002. Assault charges were dropped after the accuser refused to testify, and a case was settled out of court after that Bryant publicly apologized and admitted to having sexual contact that he claimed was consensual.
After the 2004 NBA Finals, O’Neal was moved and Bryant became the cornerstone of the Lakers. In 2005–06 and 2006–07, he led the NBA in scoring. On January 22, 2006, he scored 81 points, second only to Wilt Chamberlain’s 100-point performance.
Bryant led the team to two NBA Finals MVP awards in 2009 and 2010. He remained one of the league’s best players until 2012-13 when he tore his tendon of Achille at 34 years old. Knee and shoulder injuries ended his next two seasons. Bryant retired after the 2015–16 season due to injury.
Bryant was the first guard in NBA history to play 20 seasons. His 18 All-Star selections are the second all-time and he has the most consecutive starts. Bryant has four NBA All-Star MVP Awards, tied with Bob Pettit. In the mid-2000s, he coined the nickname “Black Mamba”, which became very popular. He won two gold medals with the US National Team in 2008 and 2012. Dear Basketball won him an Oscar for Best Animated Short in 2018 (2017).
Bryant died in a helicopter crash in January 2020 alongside his daughter Gianna and seven others.
After his death, the All-Star MVP Award was renamed in his honor. In 2021, Bryant was named to the NBA’s 75th Anniversary Team.
Biography of Kobe Bryant
Kobe Bryant was born in Philadelphia on August 23, 1978. His father, Joe Bryant, played for the 76ers. His parents named him after a famous Kobe beef they saw on a table. Joe retired from the NBA when Kobe was six and moved the family to Italy to play in a European league. Kobe is fluent in Italian. During the summers, Kobe would return to the United States to play in the summer basketball leagues. Joseph’s family moved to Philadelphia where he attended Lower Merion High School.
Kobe stood out in high school, leading his team to its first state title in 53 years. He was named Gatorade Men’s National Basketball Player of the Year and USA Today All-American First Team. His SAT score was good enough to get him into many institutions, but Kobe chose the NBA. Kobe is the youngest NBA player ever drafted.
A pre-arranged trade saw the Lakers acquire Kobe immediately after he was selected by the Hornets in the first round of the draft. To sign his rookie contract, Kobe’s parents had to give their consent because he was under 17. A three-year contract $3.5 million The NBA contract was his first professional contract.
At the age of 18, Kobe became the youngest starter in the NBA. At the end of his third season with the team, he really started to shine. There were comparisons to Magic Johnson and the like about him at this point.
A six-year, $70 million contract extension was also part of his third year. The Lakers hired Phil Jackson as head coach in 1999. A record five NBA championships would be achieved by the trio of Jackson, Kobe and the Los Angeles Lakers during their tenure together. Three consecutive years from 2000 to 2002 are included.
Kobe Bryant Career and Earnings
Kobe Bryant won approximately $328 million in salary alone during his time with the Los Angeles Lakers in the NBA. A period of three years, $90 million agreement signed in 2010 by another NBA star is also noteworthy. He agreed to a two-year contract, $48.5 million contract extension in 2013. Kobe obtained $25 million as compensation during his final NBA season.
He earned around $350 million from endorsements during his career. This amounted to a total of $680 million over his career.
Nike, Sprite, McDonald’s, Turkish Airlines, Lenovo, Hublot and Panini were among its best-known sponsors. Companies like Alibaba, Sina.com and Mercedes Benz have signed lucrative sponsorship deals with Kobe due to his fame in China.
While he was just starting out, he was signed by Adidas. Prior to the 1996 season, he signed a six-year contract with Adidas worth $48 million.
Following his sexual assault charges in 2003, many of Kobe’s endorsement deals were terminated. That year, Nike signed him to a four-year contract worth $10 million a year. For two years, Nike did not sponsor Kobe Bryant in any way.
It was only a matter of time before endorsement deals came back in full force.
Net worth of Kobe Bryant
Besides being a basketball player, Kobe Bryant was also a producer, philanthropist and entrepreneur in his own right. Kobe Bryan had a net worth of $600 million at the time of his death. Sadly, Kobe Bryant was killed in a helicopter crash on January 26, 2020. All-Star Kobe Bryant was a five-time NBA champion, two-time NBA Finals MVP, and an 18-time NBA All-Star.
The highest paid athlete in sports, even after retirement, was Kobe Bryant. During his career, Kobe Bryant has raked in hundreds of millions of dollars in endorsement deals and compensation. He made incredibly shrewd financial decisions.
At the time of his death, he had invested $200 million in the Body Armor drink. Its initial investment of $6 million was made six years ago. Coca-Cola paid $5.6 billion in October 2021 to acquire the entire Body Armor business.
What is Kobe Bryant’s net worth today?
As said before, Kobe Bryant was worth $600 million at the time of his death. The pre-tax value of his BodyArmor investment has been included in this figure at $200 million.
The Bryant estate’s equity had been reduced to 5% by the time Coca-Cola acquired 100% of BodyArmour for $8 billion in October 2021. This transaction paid off his estate. $400 million before taxes. There was about $270 million left after taxes.
So if Kobe were still alive, his net worth would increase by $600-670 million following this agreement. That may not seem like a big increase, but it takes into account an increase in BodyArmor’s value of $200 million and a reduction of about $130 million due to taxes. An alternate reality would have given Kobe Bryant a net worth of $700 million at the start of 2022, based on past acquisitions and transactions.
Investment in Kobe Bryant’s body armor
In March of this year, Kobe bought a 10% stake in BodyArmour for $6 million.
When Coca-Cola bought a 15% stake in BodyArmor, the total value of the company was estimated at more than $2 billion. As a result, Kobe $600,000 the investment was really worth $200 million, before even considering the impact of taxes. After taking over bottling and distribution, Coca-Cola was able to increase its inventory by 15%.
In October 2021, Coca-Cola purchased the remaining 70% of body armor for $5.6 billion, valuing the brand at $8 billion, as part of a deal. At the time of the acquisition, Kobe’s stake had been reduced to 5%, so his estate received a windfall of $400 million.
Kobe Bryant outside the NBA
In the last two Summer Olympics, in 2008 and 2012, Kobe won the gold medal.
“Dear Basketball” won Kobe an Oscar for Best Animated Short Film in 2018.
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Private life of Kobe Bryant
Kobe married Vanessa Laine, who was 17 at the time, in November 1999. While she was a background dancer, they got to know each other. At the same time, he was working in the studio on his first album of musical compositions. Within six months of their first meeting, they were engaged. As a teenager, she was still a high school student.
On April 18, 2001, Kobe and Vanessa married in Dana Point, California. Bryant’s parents reportedly refused to attend the wedding because they disapproved of their son and daughter’s union.
Natalia Diamante Bryant was born on January 19, 2003, and Gianna Maria-Onore Bryant was born in May of the same year. In total, they had four children, all girls. Bianka and Capri are the couple’s additional daughters.
After 10.5 years of marriage, Vanessa Bryant filed for divorce on December 16, 2011. Vanessa’s divorce settlement could have cost her dearly $100-150 million because they didn’t have a prenuptial agreement. They were able to fix things.
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Death of Kobe Bryant
At the age of 41, Kobe Bryan died in a helicopter crash on January 26, 2020, in an incredibly stunning turn of events. The accident claimed the lives of eight other people. Gianna, Kobe’s 13-year-old daughter, was also among the dead.