Saturday, February 25, 2023

How Kobe Bryant made his $600 million fortune– and who is in charge of it

Kobe Bryant was an NBA Most Valuable Player, a five-time NBA champion, and one of the highest-paid NBA players in history. He earned $323,312,307 from the Los Angeles Lakers while on the team. 

On top of being an exceptional athlete, Bryant also had a mind for business. He secured lucrative endorsement deals with brands like McDonald’s, Nike, and Mercedes-Benz and started a $100 million venture capital firm in 2013 with Jeff Stibel. His net worth at the time of his death was around $600 million.

In 2022, Bryant’s estate reached an agreement with Nike to continue producing Bryant’s signature shoe with a swoosh that also honors his daughter, Gianna Bryant, who passed away in the same helicopter crash.

Bryant is survived by his wife Vanessa, the executor of the Bryant estate, and his daughter Natalia, Bianka, and Capri.

For more information see Weston Blasi “How Kobe Bryant made his $600 million fortune— and who is in charge of it” Market Watch, January 26, 2023.

Special thanks to David S. Luber (Florida Probate Attorney) for bringing this article to my attention.

https://lawprofessors.typepad.com/trusts_estates_prof/2023/02/how-kobe-bryant-made-his-600-million-fortune-and-who-is-in-charge-of-it.html

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