Kobe Bryant’s 2014 Investment Leads to Gigantic $400 Million Profit for His Family

Published 11/01/2021, 10:30 AM EDT

The passing of the late Kobe Bryant came as a shock to the whole world. One of the greatest athletes in the history of his sport, Kobe was one of a kind. He was known to be a warrior on the court, and a gem of a person off of it. The immeasurable loss came as a total shock to his immediate family. But on Monday, his family has made a huge profit from an investment made by Bryant many years ago.

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Kobe Bryant was a certified icon for the Los Angeles Lakers. He averaged 25 points in his career, and led his side to multiple titles. Not to forget, Mamba’s Lakers squad continues to be one of the most revered setups in the history of the league. Aside from his on-court career, Kobe also made some interesting investments. Unlike several other NBA stars, the former star shone even in the business field. He benefited from some huge deals in Dell, VIPKid and others. Yet, he has now helped his family with a gigantic deal in a sports drink.

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Million dollar investment of Kobe Bryant leads to humongous profit

Investment is a field that requires a lot of attention. Few NBA stars have been able to fully succeed in this domain, with the 18-time All-star being one of them. Back in 2014, Kobe had made a big investment in sports drink BodyArmor. He purchased about 10% of the drink, valued at about $6 million. In August, it was announced that his investment in BodyArmor has morphed into a massive number.

In 2014, Kobe Bryant bought 10% of sports drink BodyArmor for $6 million.
Today, at 8:24am, the company announces a sale to Coca-Cola at an $8 billion valuation — earning Kobe’s family around $400M from his investment.
(h/t @darrenrovell) pic.twitter.com/KzEd5Ueywa
— Boardroom (@boardroom) November 1, 2021

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The 1st of November marks a golden day in this deal, as company giants Coca-Cola have bought the BodyArmor business. The purchase took place at around 8:24 am. It has been valued at close to $8 billion, meaning that it is a huge sale. As reported by Darren Rovell, this means that Kobe’s family will earn around $400 million from his investment. Meanwhile, the NBA hall of famer earned over $320 million in his illustrious career.

Even today, the great Kobe Bryant continues to give back. Star on the court and businessman off the court, the man screams quality wherever he goes. Although material is of minimal importance as compared to so many other things, the profit is huge for Vanessa Bryant and the family.

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Written by:

Sankalp Harikrishnan is an NBA and Tennis writer at EssentiallySports. He aspires to pursue Sports Journalism and has represented his institution in cricket, badminton, football and table tennis. Sankalp idolises Roger Federer and Stephen Curry, and has an inherent love for statistics.

Kobe Bryant’s 2014 Investment Leads to Gigantic $400 Million Profit for His Family

Million dollar investment of Kobe Bryant leads to humongous profit

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