Categories: Celebs

Kobe Bryant’s Estate To Receive $400 Million After BodyArmor Announces $5.6 Billion Sale To Coca-Cola

<p>Kobe Bryant left behind a legacy as an amazing basketball player&comma; loving father&comma; devoted husband and a great businessman&comma; and it looks like his early investments are paying off in a big way for his family&comma; even in his absence&period;<&sol;p>&NewLine;<p>Kobe&&num;8217&semi;s family will be receiving more than &dollar;400 million after Coca-Cola announced on Monday it has acquired BodyArmor in a &dollar;5&period;6 billion deal&comma; the <a href&equals;"https&colon;&sol;&sol;www&period;wsj&period;com&sol;articles&sol;coke-to-pay-5-6-billion-for-full-control-of-bodyarmor-11635713140">Wall Street Journal<&sol;a> reports&period; Kobe was BodyArmor&&num;8217&semi;s third-largest shareholder after he invested &dollar;6 million in the company in 2013&comma; just two years after it was founded&period;<&sol;p>&NewLine;<p>Coca-Cola bought a 15&percnt; stake in BodyArmor back in 2018 to become the company&&num;8217&semi;s second-largest shareholder&comma; and recently announced plans to purchase the remaining 85&percnt; in its largest acquisition ever&period; The beverage giant previously purchased Costa Coffee for &dollar;5&period;1 billion in 2018&period;<&sol;p>&NewLine;<p>Shortly after Kobe&&num;8217&semi;s tragic passing&comma; his wife Vanessa Bryant inherited his stake in BodyArmor&comma; which was valued at &dollar;200 million in 2020&period; Coca-Cola&&num;8217&semi;s acquisition of the company has doubled the value of Kobe&&num;8217&semi;s shares&period;<&sol;p>&NewLine;<p>Kobe&&num;8217&semi;s business partner Mike Repole previously spoke about his impact on the company and the loss everyone would feel after his passing&period;<&sol;p>&NewLine;<p>&&num;8220&semi;I lost a brother with Kobe and BodyArmor lost a founding father&comma;&&num;8221&semi; Repole said&period; &&num;8220&semi;Kobe Bryant&&num;8217&semi;s fingerprints are all over the BodyArmor brand&period; The brand wouldn&&num;8217&semi;t be in the position it&&num;8217&semi;s in if Kobe wasn&&num;8217&semi;t a believer back in 2012 and 2013&period; For me&comma; this has always been a journey&comma; the last seven or eight years&comma; with Kobe&comma; and now I feel like this is a journey for Kobe&period;&&num;8221&semi;<&sol;p>&NewLine;<p>Along with Kobe Bryant&&num;8217&semi;s investment in BodyArmor&comma; Kobe had a variety of investments and business interests&period; His numerous endorsement deals&comma; media projects and the founding of his venture capital firm all contribute to him becoming one of seven athletes to be worth &dollar;1 billion or more&period;<&sol;p>&NewLine;<p data-pm-slice&equals;"1 1 &lbrack;&rsqb;">Want updates directly in your text inbox&quest; Hit us up at 917-722-8057 or <a class&equals;"ProsemirrorEditor-link" href&equals;"https&colon;&sol;&sol;my&period;community&period;com&sol;theshaderoom">https&colon;&sol;&sol;my&period;community&period;com&sol;theshaderoom<&sol;a><&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine; <div class&equals;"wpra-reactions-wrap wpra-plugin-container" style&equals;"justify-content&colon; 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