Kobe Bryant Estate To Get $400 M After Coca-Cola Acquires Bodyarmor!
According to reports, Kobe Bryant made a smart investment back in 2014 and now it will set his family for life. Get more details on Kobe Bryant Estate cashing in with Bodyarmor…
CelebnSports247.com reports that Kobe Bryant’s estate could get nearly half a billion dollars thanks to Coca-Cola’s latest acquisition.
According to SI, Coca-Cola announced Monday (Nov. 1) that it purchased drink company Bodyarmor, which Kobe Bryant invested in back in 2014.
His $6 million investment entitled him to 10 percent of the company.
Back in 2014, Kobe said:
The model has always been for entertainers to get sweat equity, but I wanted to progress beyond that.
While Coca-Cola initially only obtained a 15 percent stake in 2018, it has now reportedly upped its investment and taken on 100 percent ownership for $5.6 billion, becoming Coca-Cola’s largest acquisition to date. Coca-Cola first announced its plan to acquire full ownership in February.
Kobe Bryant’s estate is reportedly slated to make roughly $400 million from the deal. This would surpass his total earnings as a professional basketball player, where he earned roughly $323 million during his 20-year career.
Kobe Bryant tragically died on Jan. 26, 2020. Kobe, his daughter Gianna Bryant, and seven others were aboard a helicopter when it crashed in Calabasas, Calif.
Vanessa Bryant vs Los Angeles County:
His widow, Vanessa Bryant, is currently in the middle of a lawsuit against Los Angeles County amid claims officers shared graphic photos from the crash site.
In a ruling last week, a judge determined Sheriff Alex Villanueva and Fire Chief Daryl Osby will answer questions under oath about the allegations.
L.A. County said in a statement on Oct. 27:
While we disagree with the court’s decision, we will make both the Sheriff and Fire Chief available for deposition. Their testimony will not change the fact that there is no evidence any photos taken by County first responders have ever been publicly disseminated.