How Kobe Bryant Spent $600 Million Dollars

[Applause] the world is still reeling from the passing of kobe bryant and his daughter gianna but one thing is certain their legacy will live on forever kobe was one of the greatest basketball players of all time but he was also a financial wizard he turned his impressive career earnings into a fortune worth 600 million dollars through shrewd investments and smart business deals kobe donated countless hours of his time and millions of dollars to various charities his non-profit the mamba and mambasita sports foundation continues to raise funds for underserved youth athletes and young women in sports here's a look at how kobe earned and spent his fortune kobe bryant earned a staggering 323.5 million dollars in salary during his illustrious playing career many consider him to be the greatest laker of all time and some would even say that he is the goat period he certainly deserves a spot in the pantheon of all-time greats alongside jordan and lebron kobe led the lakers to the finals seven times and earned five chips so it's no wonder the lakers were willing to pay him so much kobe's first lakers contract covered three years and paid 3.5 million dollars the lakers then paid kobe million dollars over the following 17 seasons including endorsements kobe earned 680 million dollars during his playing career that's more than any team athlete ever behind only the superstars in individual sports like tiger woods michael schumacher and floyd mayweather kobe used his fortune to better the world and improve the lives of his daughters but he did buy himself fancy things from time to time kobe owned some very fancy and expensive mansions and he and his widow vanessa bryant would often flip homes for profit he owned a 2 300 square foot spanish-style villa in irvine california with a brick stucco exterior and lush landscaping vanessa sold the home for two million dollars shortly after kobe's passing the couple also owned a stunning 8 500 square foot mansion in orange county that was sold in 2013 for 8.6 million dollars this beautiful mansion had a large library gym a hair salon movie theater outdoor fire pit and even a shark tank kobe and vanessa also owned a thousand seven hundred sixty square foot four storied mansion in orange county worth twenty one point three million dollars the home was custom built to their specifications and included a home gym sauna steam room recreation room and a home theater kobe bryant was an avid car collector and he had numerous valuable cars in his garage some worth hundreds of thousands of dollars if a fancy sports car caught his eye he would buy it in a heartbeat he owned a 329 thousand dollar ferrari 458 italia which he bought on a whim kobe walked into the ferrari dealership and was so impressed with the car he instantly wrote a check kobe also owned a seventy thousand dollar cadillac escalade a one hundred thousand dollar 2011 fisker karma plug-in hybrid a four hundred thousand dollar lamborghini murcielago and a four hundred thousand dollar lamborghini aventador his 200 000 bentley continental gt was decked out in a beautiful color shift pearl paint job that shimmered as he drove the unique car down the streets of la cobi's custom chevy impala was recently sold at auction for 221 400 the retro ride was a christmas gift from vanessa and featured a fully rebuilt engine installed hydraulics and a custom paint job from west coast customs kobe's good friend snoop dogg gifted him a cool and unique ride when he retired from the nba kobe's 50 thousand dollar 1967 pontiac paris scene convertible was one of his most prized possessions because of its sentimental value kobe was such a superstar that practically every company wanted to work with him he had endorsement deals with big brands like mcdonald's coca-cola mercedes-benz hublot lenovo panini nintendo sony and of course nike in 2001 mcdonald's signed bryant to a 10 million dollar endorsement deal which saw the superstar promote the big and tasty burger kobe graced the cover of the nintendo 64 exclusive video game nba courtside in 1998 kobe became one of the youngest athletes ever to have a video game to his namesake and the video game was so popular that it spawned a sequel a year later more than a decade later kobe would promote a video game once more he starred in commercials for call of duty black ops in 2010 kobe signed his first shoe deal with adidas in 1996 when he was just 17 years old the deal was worth 48 million dollars over six years but kobe had his sights on something bigger he reportedly paid 8 million dollars to exit his deal with adidas in 2002 so he could sign with nike instead he then signed a four-year contract with nike worth 40 million dollars shortly after his retirement in 2016 kobe cemented a five-year deal with nike that would extend his mamba shoe line well into his retirement and there were rumors that kobe would sign a lifetime deal with nike similar to the deals of lebron and michael jordan however after kobe's passing nike and the bryant's estate failed to reach a new agreement kobe sneakers are more popular than ever and limited edition runs typically sell out in seconds however the kobe line earned far less revenue for nike than the jordan brand in 2013 bryant founded kobe inc and it proved to be one of the wisest business decisions of his life he formed the company so he could invest in sports related business and he was inspired by fellow nba legend magic johnson who parlayed his on-court success into a business empire kobe was well on his way to reaching billionaire status his five million dollar investment in the sports drink company body armor quickly grew to 200 million dollars after coca-cola showed interest in the company in 2018 coca-cola invested 300 million dollars in body armor which resulted in the company reaching a valuation of 2 billion kobe also had a creative side he founded granity studios in 2013 to create new ways to tell stories about sports in 2017 the studio released a short animated film called deer basketball that was written and narrated by kobe the film was a huge success and even earned kobe an academy award kobe donated millions of dollars to charity during his lifetime he raised 81 million dollars for cancer research in 2012 through stand up to cancer and donated millions more through his charitable foundation he founded the kobe and vanessa bryant family foundation in 2007 to improve the lives of young people and encourage them to stay active in sports after kobe's passing vanessa bryant changed the name of the foundation to the mamba and mambasita sports foundation in honor of kobe and gianna through the foundation kobe donated 20 thousand dollars to kids in sports los angeles and 75 000 to coach for kids and their families kobe also made sizable donations to the united way of los angeles after school all-stars the make-a-wish foundation the national museum of african american history and culture aids still required and step up on second kobe's philanthropic efforts are fondly remembered and an important part of his legacy here's a fun fact did you know that kobe bryant was the highest paid player in the nba from 2009 to 2016 he earned 30 million 453 805 dollars during the 2012-2013 nba season and became the second player in history to have a salary that topped 30 million dollars in a single year you can probably guess the first player to reach that milestone yes it was michael jordan that's it folks thanks for watching stay tuned to this channel for more great videos [Music]

Channel: TheRichest

Views: 99,134

Keywords: Kobe Bryant Estate, Kobe Bryant cars, Kobe Bryant fortune, Kobe Bryant investments, Kobe Bryant money, Kobe Bryant net worth, Kobe Bryant real estate, Kobe mansion, Kobe net worth

Id: C114mrgfwxM

Length: 8min 41sec (521 seconds)

Published: Fri Jun 25 2021