Kobe Bryant’s investment in BodyArmor has reportedly paid off big time.
According to ESPN’s Darren Rovell, Bryant’s initial $6 million investment in BodyArmor, billed as a healthier alternative to Gatorade, is now worth $200 million after Coca-Cola purchased a majority stake in the company.
When Bryant invested in BodyArmor in 2014, it was coming off a year in which it made $10 million in sales, according to Rovell — now it’s expected to top $400 million in 2018. Bryant is the fourth-largest investor.
[more at businessinsider.com]