NotSoBigShaq
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$Rivian Automotive (RIVN.US)$ I think I'll wait till it drops.
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Kobe Bryant, the late NBA legend, was not just a basketball player. ![]()
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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. ![]()
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He still amazed us after he left.![]()
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Mamba Forever!
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.
He still amazed us after he left.
Mamba Forever!
![Kobe Bryant's $6M investment made in 2014 nets his family $400M in profit](https://sgsnsimg.moomoo.com/1993977896641713268.png/thumb)
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NotSoBigShaq
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$Navitas Semiconductor (NVTS.US)$ CEO is ringing the opening bell to start the trading today. That’s good publicity! Looks like opening bid will be 13.45.
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$Live Oak Acquisition Corp II (LOKB.US)$ sees its highest 1 day volume since debut. Looks like its under 10.00 days are over as it prepares for merger with Navitas,which will take place before August 20.
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NotSoBigShaq : hmm so we wait now...?