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Kobe Bryant leaves family with $680m (sh2.5 Trillion)

By Charles Mutebi

Added 29th January 2020 01:57 PM

At the time of his death, Bryant had an estimated net worth of $600 million, the equivalent of over sh2.5 trillion.

Kobe Bryant leaves family with $680m (sh2.5 Trillion)

Kobe Bryant is pictured with his daughter Gianna at the WNBA All Star Game at Mandalay Bay Events Center.

At the time of his death, Bryant had an estimated net worth of $600 million, the equivalent of over sh2.5 trillion.

 

Life without Kobe Bryant will never be same for his wife and three surviving children.

But for Vanessa, Natalie, Bianka and Capri, the painful prospect of facing the future will be softened by the financial insurance left behind by the incredibly successful basketball and business career of the sports great.

Bryant retired from the NBA in 2016 after a 20-year career that saw him sign lucrative contracts with Los Angeles Lakers, Nike, a host of other business in addition to venturing into his own.

 ormer akers player obe ryant  and family pose for a photo during a halftime ceremony to retire the two uniform at taples enter andatory redit obert anashiro  ports Former Lakers player Kobe Bryant (C) and family pose for a photo during a halftime ceremony to retire the two uniform at Staples Center. Mandatory Credit: Robert Hanashiro-USA TODAY Sports

 

At the time of his death, Bryant had an estimated net worth of $600 million, the equivalent of over sh2.5 trillion. He earned an annual salary of $25 million. In 2016, Bryant earned roughly $26 million from endorsements.

The basketball star was the highest-paid athlete in the history of team sports that year, according to Forbes. By the time he retired from basketball in 2016, he had total career earnings of $680 million.

   os ngeles akers obe ryant holds his daughter atalia during practice for the  lltar basketball game in ouston exas ebruary 16 2013  ucy icholsonile hoto FILE PHOTO: Los Angeles Lakers Kobe Bryant holds his daughter Natalia during practice for the NBA All-Star basketball game in Houston, Texas, February 16, 2013. REUTERS/Lucy Nicholson/File Photo

 

Outside of basketball, Bryant made much of his money from product endorsements. Some of the brands he endorsed included Nintendo, Turkish Airlines, and Sprite. One of Bryant's biggest endorsements deals was with Nike. In 2013, he secured a deal paying $10 million a year.

The five-time NBA champion took in $323 million in playing salary, and $357 million in endorsements according to Forbes.

 

Bryant's businesses

Even before leaving the game of basketball after the 2015-16 season at the age of 37, he had his eye on the business world. He was a partner with $100 million investment fund Bryant Stibel since it was founded in 2013.

He was an early investor in the Queens, New York-based BodyArmor sports drink as it tried to edge into Gatorade's market share.

   os ngeles akers obe ryant kisses his daughter ianna  after they defeated the rlando agic to win the  basketball championship in rlando lorida  une 14 2009     ans erykile hoto FILE PHOTO: Los Angeles Lakers Kobe Bryant kisses his daughter Gianna (R) after they defeated the Orlando Magic to win the NBA basketball championship in Orlando, Florida June 14, 2009. REUTERS/Hans Deryk/File Photo

 

"It all comes down to the product having a point of differentiation," Bryant told FOX Business in 2017 regarding a 60-second BodyArmor ad he wrote, directed and narrated.

"Once you establish a superior product, getting it into the marketplace and onto the shelf becomes the priority. Creating the message and communicating what separates the product - and individual athletes - from the competition, is the fun part."

 os ngeles akers shooting guard obe ryant 24 on the court against the oston eltics at the  arden andatory redit avid utler   ports Los Angeles Lakers shooting guard Kobe Bryant (24) on the court against the Boston Celtics at the TD Garden. Mandatory Credit: David Butler II-USA TODAY Sports

 

Bryant also founded media production company Granity Studios, which won an Academy Award in 2018 for the animated short "Dear Basketball."

"I built Granity Studios as a platform to create and share original stories to inspire today's young athletes," Bryant said in 2018. "There's surprisingly little content that combines the passion of sports and the traditions of original storytelling. Granity Studios will fill that void."

For his wife and three kids, nothing can the fill the void of the tragic demise of Bryant and his daughter Gianna but the financial legacy of the basketball all-time great will cushion the blow.

  os ngeles akers obe ryant carries his daughter ianna as his wife anessa and daughter atalia 2nd  stand next to him during the  hampionship parade in os ngeles alifornia une 21 2010 ucy icholsonile hoto Los Angeles Lakers Kobe Bryant carries his daughter Gianna, as his wife Vanessa and daughter Natalia (2nd R) stand next to him during the NBA Championship parade in Los Angeles, California, June 21, 2010. REUTERS/Lucy Nicholson/File Photo

 

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