In 2014, Kobe Bryant paid $6 million for a 10 percent stake in BodyArmor; seven years later, his estate made $400 million when Coca-Cola bought it
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In 2014, Kobe Bryant paid $6 million for a 10 percent stake in BodyArmor; seven years later, his estate made $400 million when Coca-Cola bought it
Paolo Songco·Athlon Sports
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2 min read
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Los Angeles Lakers legend Kobe Bryant is known as one of the greatest basketball players in NBA history. The 18-time All-Star built a Hall of Fame basketball career and a growing portfolio of business investments.
Bryant publicly announced his investment in BodyArmor in March 2014, with ESPN later reporting that heinvested about $6 millionfor a 10% stake. The sports-drink brand marketed itself as a healthier alternative to Gatorade. At the time, BodyArmor had generated roughly $10 million in revenue over the preceding 12 months.
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By 2018, Bryant was the fourth-largest investor in the brand, behind co-founder Mike Repole, Coca-Cola and Keurig Dr Pepper.
In 2021, Bryant's estate reportedlyreceived $400 millionwhen Coca-Cola purchased an 85% stake in BodyArmor.
Coca-Cola initially purchased a 15% stake in 2018. The company paid $5.6 billion for the outstanding 85% three years later. The sale was officially announced on November 1, 2021, at 8:24 a.m., commemorating Bryant's jersey numbers.
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Kobe BryantHarrison Hill via Imagn Content Services, LLC
At the time, the BodyArmor purchase was Coca-Cola's largest acquisition. Previous major purchases included Glacéau for $4.1 billion in 2007, followed by Costa Coffee for $5.1 billion in 2018.
The NBA's fourth all-time leading scorer turned his $6 million BodyArmor investment into a $400 million payout. He earned an impressive 6,567% return in seven years.
In his 20-year career, Bryant earned $680 million from his NBA salary and endorsements,according to Forbes. From 1996 to 2016, he reportedly took in $323 million from his playing salary.
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Bryant died in a helicopter crash in Southern California in January 2020.
Although Bryant did not live to see the acquisition, his investment reflected the ambition and foresight that defined his career.