Kobe Bryant Net Worth

Net Worth$600 million
Date of Birth23 August 1978
ProfessionBasketball player
NationalityAmerican
Last Updated2020

Introduction:

Kobe Bryant Net Worth, How did the late American professional basketball player accumulate his wealth? Check this article to find out more about Kobe Bryant Net Worth and his career.

Kobe Bryant Net Worth

Kobe Bryant Early Life

He is an American professional basketball player. Kobe Bryant’s father, Joe Bryant, was a former player for the Philadelphia 76ers. His parents named him after the famous beef of Kobe, Japan which they saw on a menu at a restaurant. When Kobe was six, Joe retired from the NBA and moved the family to Italy where he continued playing in a European league.

Kobe learned to speak Italian fluently. During summers as a pre-teen, Kobe would return to the US to participate in basketball summer leagues. When Joe retired from playing altogether, the family moved back to Philadelphia where he attended Lower Merion High School.

In November 1999, Kobe married the then 17-year-old Vanessa Laine. They 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.

Kobe Bryant Career

Kobe Bean Bryant was born on 23rd of August, 1978 in Philadelphia, Pennsylvania. Unfortunately Kobe Bryant died on January 26, 2020 in a helicopter crash. He was an 18X NBA All-Star, a 5X NBA Champion and 2X NBA Finals Champion.

He excelled at basketball in high school where he lead 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 played in history to be drafted into the NBA.

He was originally drafted by the Charlotte Hornets but quickly opted to instead be traded his dream team… The Lakers. Kobe signed a $3.5 million contract for three years and due to another player’s injury immediately saw some action on the court. 

At age 18, Kobe became the youngest starter in NBA history. Until his third year with the Lakers that he really hit his stride. He began every game and was starting to be compared to the likes of Michael Jordan and Magic Johnson.

He was 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 coach of the Lakers. Jackson, Kobe and The Lakers would go on to win the NBA championship five times. Including three consecutive years from 2000-2002.

Many of Kobe’s endorsement deals were canceled in the wake of his sexual assault allegations in 2003. A notabley exception was Nike which that same year signed him to a 4-year deal that paid $10 million per year. Interestingly, 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 website The Players Tribune, LegalZoom, Juicero and videogame designer Scopely. 

Kobe 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

Kobe Bryant Net Worth at the time of his death was $600 Million while his salary was $25 Million. Kobe Bryant Net Worth is earned from his career as a basketball player.

During his NBA career with the Los Angeles Lakers, Kobe Bryant earned just over $328 million in salary alone. Some notable contracts include a three-year $90 million extension signed in 2010. He signed a 2-year $48.5 million extension in 2013.

He also earned approximately $350 million from endorsements for a total of $680 million in NBA carer earnings. During his final year in the NBA, Kobe earned $25 million. His endorsements include Nike, Sprite, McDonald’s, Turkish Airlines Lenovo, Hublot and Panini. 

Kobe’s popularity 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 drink BodyArmour for $6 million. The company generated $400 million in 2018. 

Coca Cola purchased a stake in BodyArmor in August 2018, that 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.

On December 16th, 2011, Vanessa Bryant filed for divorce after 10.5 years of marriage. Her divorce settlement could have cost him $100-150 million but they eventually reconciled.

Summary: 

Kobe Bean Bryant is a professional basketball player from America. He was an 18X NBA All-Star, a 5X NBA Champion and 2X NBA Finals Champion.

He won gold medals at the 2008 and 2012 Summer Olympics and won an Academy Award for Best Animated Short Film for his film ‘Dear Basketball’ in 2018.

As of 2020, Kobe Bryant’s net worth is $600 Million.

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