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

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        Chatterbox Moo wrote a column · 11/03/2021 23:46
        Kobe Bryant, the late NBA legend, was not just a basketball player. StrongStrong
        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.DroolDrool That puts his returns from $6 million to $800 million around a 13,222% gain in less than eight years. ScowlScowl
        He still amazed us after he left.SobSob
        Mamba Forever!
        Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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