Kobe Bryant’s Investment In Sports Drink Company Body Armor Sees Big Returns As Coca-Cola Acquires Full Ownership
Kobe Bryant’s Investment In Sports Drink Company Body Armor Sees Big Returns As Coca-Cola Acquires Full Ownership. American hip hop news platform Hot Freestyle took to Twitter to announce that Kobe Bryant’s Investment of $6 million in sports drink company Body Armor has received big returns as Coca-Cola has bought the sports drink company, this deal is set to make Kobe’s estate to receive $400 million.
The post read, “In 2014, Kobe Bryant invested $6 million in sports drink company Body Armor. Today, Coca-Cola announced it’s acquiring full ownership of the company for $5.6 billion. Kobe’s estate will receive around $400 million from the sale”
Kobe Bean Bryant was an American professional basketball player. A shooting guard, he spent his entire 20-year career with the Los Angeles Lakers in the National Basketball Association (NBA). Widely regarded as one of the greatest basketball players of all time, Bryant won five NBA championships, was an 18-time All-Star, a 15-time member of the All-NBA Team, a 12-time member of the All-Defensive Team, the 2008 NBA Most Valuable Player (MVP), and a two-time NBA Finals MVP. Bryant also led the NBA in scoring twice, and ranks fourth in league all-time regular season and postseason scoring. He was posthumously voted into the Naismith Memorial Basketball Hall of Fame in 2020.
Body Armor is a premium sports drink that provides superior hydration. It is packed with electrolytes, coconut water and vitamins and is low in sodium and high in potassium. Created in 2011 by Mike Repole, BODYARMOR contains natural flavors and sweeteners and no colors from artificial sources. In 2014, Kobe Bryant joined the BODYARMOR team as one of the top shareholders in the company.
This investment by Bryant is a very smart one as he saw an emerging startup that had the potential to grow and he decided to invest in it and now the investment has paid off. Even though Bryant is no longer alive his investment will go to his estate, which means that his beneficiaries such as family will be able to benefit from the money. This shows that Bryant has been able to make smart investments that will continue to make lucrative returns in the future.
