Kobe Bryant's $6M investment made in 2014 nets his family $400M in profit
Kobe Bryant, the late NBA legend, was not just a basketball player.
One of his big investments paid off big time. In 2014, Bryant purchased 10% of BodyArmor, a Gatorade competitor, for $6 million.
Last week, $Coca-Cola(KO.US$ announced it acquired full ownership of BodyArmor, paying $5.6 billion in cash, valuing BodyArmor around $8 billion. The company had purchased a minority stake in 2018.
With that valuation, Bryant's 10% investment is estimated to be worth around $800 million today. That puts his returns from $6 million to $800 million around a 13,222% gain in less than eight years.
He still amazed us after he left.
Mamba Forever!
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Policia : Legend.
On and off court.
29786498 : amazed
Dartist : wow
ruinsaint : yes
john80999 : A true legend
Tuyea : Me gusta
BigBucks101 : Wow
Cash Cow Ee : he cannot know his success story...,
Money--Max :
71252701 : so, his wife is now a billionaire!!??
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