Kobe Bryant's $6M investment made in 2014 nets his family $400M in profit

Chatterbox Moo wrote a column · Nov 3, 2021 23:46

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.

Kobe Bryant's $6M investment made in 2014 nets his family $400M in profit

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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