Kobe Bryant Net Worth, How did the late American professional basketball player acquire his wealth? Read on to find out more about Kobe Bryant Net Worth and his career.
About Kobe Bryant
He is an American professional basketball player. Kobe Bryant was an 18X NBA All-Star, a 5X NBA Champion and 2X NBA Finals Champion. Unfortunately, he died on January 26, 2020, in a helicopter crash.
In November 1999, Kobe got married to the then 17-year-old Vanessa Laine. The two met while she was working as a background dancer in a music video. He was in the studio at the same time working on his debut musical album. They got engaged within six months of their first meetings. She was still a senior in high school.
So what is Kobe Bryant Net Worth? Keep reading to find out more about Kobe Bryant Net Worth.
|Full Name:||Kobe Bean Bryant|
|Date of Birth:||August 23, 1978|
|Net Worth:||$600 Million|
Kobe Bryant Career
Kobe Bean Bryant was born on 23rd of August, 1978 in Philadelphia, Pennsylvania. His father is Joe Bryant a former player for the Philadelphia 76ers. Kobe’s parents named him after the famous beef of Kobe, Japan which they saw on a menu at a restaurant.
Kobe’s father retired from the NBA and moved the family to Italy where he continued playing in a European league.
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Kobe learned to speak Italian fluently. During summers as a pre-teen, he would return to the US to participate in basketball summer leagues. After Joe retired from playing altogether, the family moved back to Philadelphia where he attended Lower Merion High School.
He excelled at basketball in high school where he leads his team to their first state championship in 53 years. Kobe was quickly named Gatorade’s Men’s National Basketball player of the year and the USA Today’s All USA first-team player.
Kobe’s SAT score was high enough to get him into many colleges with a scholarship but Kobe opted to go straight to the pros. Kobe is the youngest player in history to be drafted into the NBA.
He was drafted by the Charlotte Hornets but quickly opted to instead be traded his dream team… The Lakers. Kobe Bryant signed a $3.5 million contract for three years and due to another player’s injury immediately saw some action on the court.
Kobe became the youngest starter in NBA history at age 18. Until his third year with the Lakers that he really hit his stride. He started each game and was starting to be compared to the likes of Michael Jordan and Magic Johnson.
He was also drafted by the Hornets but was instantly traded to the Lakers in a prearranged deal. Because he was 17, Kobe’s parents had to cosign his rookie contract. His first NBA contract was a three-year $3.5 million deal.
His third year also brought him a $70 million 6-year contract extension. In 1999 Phil Jackson became the coach of the Lakers. Phil, Kobe and The Lakers would go on to win the NBA championship five times. Including three consecutive years from 2000-2002.
The majority of Kobe’s endorsement deals were canceled in the wake of his sexual assault allegations in 2003. An exception was Nike which that same year signed him to a 4-year deal that paid $10 million per year. Though Nike did not use Kobe in any sponsorship works for two years.
Kobe and Jeff Stibel ‘his business partner’ launched a venture capital company called Byrant-Stibel in August 2016 with $100 million in funding that was launched to invest in technology, media and data companies. The two business partners invested in dozens of companies including sports media websites The Players Tribune, LegalZoom, Juicero and videogame designer Scopely.
He won gold medals at the 2008 and 2012 Summer Olympics and in 2018 Kobe won an Academy Award for Best Animated Short Film for his film ‘Dear Basketball’.
Kobe Bryant Net Worth
As at the time of death, Kobe Bryant Net Worth was $600 Million while his salary was $25 Million. Kobe Bryant Net Worth was accumulated from his career as a basketball player.
During his NBA career with the Los Angeles Lakers, he earned over $328 million in salary alone. Some contracts include a three-year $90 million extension signed in 2010. Kobe signed a 2-year $48.5 million extension in 2013.
Kobe also earned approximately $350 million from endorsements for a total of $680 million in NBA carer earnings. During his final year in the NBA, he earned $25 million. He has endorsements with Nike, Sprite, McDonald’s, Turkish Airlines Lenovo, Hublot, and Panini.
Kobe’s fame in China enabled him to sign lucrative Chinese-specific endorsement deals with companies including Alibaba, Sina.com and Mercedes Benz.
He was signed to Adidas for the first years of his career. His Adidas contract, which was signed before the 1996 season, was worth $48 million over six years.
Endorsement deals eventually returned in full-force.
In March 2014, Kobe purchased a 10% equity stake in sports drinks BodyArmour for $6 million. The company generated $400 million in 2018.
Coca Cola purchased a stake in BodyArmor in August 2018, which valued the company as a whole at $2 billion which means that Kobe’s $6 million investment was worth $200 million, on paper, before taxes.
Vanessa Bryant filed for divorce after 10.5 years of marriage on December 16th, 2011 which cost Kobe Bryant $100-150 million but they eventually reconciled.
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