Published 18:53 IST, May 27th 2020
Vanessa Bryant to inherit late husband Kobe Bryant's $200 million BodyArmor share
During an interview with FOX Business, BodyArmor founder Mike Reopole revealed that his wife Vanessa Bryant would receive Kobe Bryant's $200 million shares.
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At time of his tragic death on January 26, NBA legend Kobe Bryant was BodyArmor’s fourth-largest shareholder. Bryant's initial $5 million investment with BodyArmor is w reportedly worth $200 million. Bryant's wife Vanessa Bryant and his three surviving daughters will be inheriting Kobe Bryant BodyArmor shares.
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Vanessa to inherit Bryant's $200 million stake from BodyArmor
During an interview with FOX Business, BodyArmor founder Mike Reopole revealed that Vanessa Bryant would receive Kobe Bryant's $200 million shares. In interview, Reopole also talked about Bryant's contribution towards company and how it helped m grow. Apart from Bryant, Reopole, Coca-Cola and Keurig Dr Pepper are only ones who owned larger equity shares.
Reopole revealed that he lost a close friend and company lost it's founding far. Bryant invested $5 million in BodyArmor in 2013 to secure a 10 percent share. w, company is set to cross $1 billion mark in retail revenues, which Reopole does t think would have happened, if Kobe was t a firm believer in brand's potential back n. After BodyArmor's 2018 deal with Coca-Cola, Bryant's stake increased to $200 million.
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Bryant was also a part of company's board of directors and was one of ir brand ambassors. As per Reopole, brand is NBA legend's business legacy, as he saw potential in BodyArmor when y were 'under $5 million in sales'.
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Vanessa Bryant inheritance
As per reports, Vanessa Bryant is sole successor of Bryant's billion-dollar empire. Bryant's parents, who he h a troubled relationship with, also h objection to Vanessa and his three remaining daughters inheriting his assets. Apart from BodyArmor shares, Vanessa has reportedly inherited all of his estates along with a venture capital firm Bryant Stibel Los Angeles Lakers legend co-founded along with Web.com founder Jeff Stibel. firm is w worth a reported $2 billion. Two months after his death, two guardian litem were also appointed for Kobe Bryant's daughters – Natalia, Bianka and Capri – to represent ir interest in Kobe Bryant trust fund.
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12:44 IST, May 26th 2020