Careers

Breaking Down Kobe Bryant’s Net Worth

October 26, 2019 by

QUICK ANSWER: The most current report is that Kobe Bryant has a net worth of about $500 million.

Before we get into Kobe Bryant’s net worth, let us talk a little bit about who he is.

Kobe Bryant or Kobe Bean Bryant was born on August 23, 1978. Kobe was a professional basketball player who had plated for the Los Angeles Lakers for twenty years. He was part of the National Basketball Association or NBA. Kobe had entered the NBA directly out of high school and went on to win five championships. He is a 15- time member of the All-NBA team and an 18-time All-Star. He is known for leading two seasons in scoring and ranks third overall for scoring regularly. He is also the first in history to play guard for twenty seasons.

What is Net Worth?

For us to continue, we must first understand what the term net worth means. Net worth is known as a quantitative concept. This concept will measure the value of something. This could be a person, sector, corporation, and sometimes countries. Net worth may also be defined as a difference. The difference would be between liabilities and assets. When someone has a positive net worth, this means that they have assets that exceed their liabilities. Negative net worth means that the liabilities exceed the assets.

Understanding Net Worth

When you talk about net worth, you are ultimately talking about the assets minus the liabilities. Net worth will gauge someone or somethings financial health. We talked about assets above, so let’s define an asset. An asset is something that is owned and has a monetary value. Liabilities are certain things that decrease or deplete your resources.

There are two types of assets, liquid, and non-liquid. Liquid assets are anything that can be turned into cash. This could be a checking or savings account for example. Non-liquid assets are assets that would take time to turn into cash such as a home. Liabilities are anything that you would have to pay off. This could be a loan on your car or a mortgage on a house.

When you look at someone’s or something’s net worth, you are looking at their current financial situation. It allows you to gauge their situation at the current moment. If you look at their net worth and see that it has been increasing and it is positive net worth, you can assume that this would mean they are in a good financial situation. If you notice a decrease in their net worth, you might assume they are not financially stable and could be losing assets to liabilities.

For someone to improve their net worth they must reduce their liabilities while keeping their assets either the same or increasing them. You can also increase net worth by increasing assets where the liabilities are reduced or remain the same.

Kobe Bryant’s Net Worth

Not only is Kobe Bryant a former NBA player, but he is also an entrepreneur. He was best known for his twenty-year career with the Los Angeles Lakers. He has won multiple awards and is considered the best NBA player of all time. He has also banked the title as one of the richest athletes of all time.

The most current report is that Kobe Bryant has a net worth of about $500 million.

Why Kobe Has a High Net Worth

Kobe has a father who was also an NBA player. Kobe had started playing basketball at the age of three and when he was growing up his favorite team was the Lakers. Kobe’s grandfather would send him videos of NBA games. At a young age, Kobe was dedicated to studying these games and watching every move the players made.

When Kobe’s father had retired from the NBA, the family moved back to the United States. Kobe was playing basketball for the Lower Merion High School team. He made varsity his freshman year in high school. It was at this time that he was nationally recognized for his season. At the end of high school, Kobe had been known as Southeastern Pennsylvania’s all-time leading scorer. He had scored 2,883 points in his high school career. He had also won several awards for his amazing performance on the court.

Kobe’s Career

In 1996, Kobe was a selected draft by the Hornets. However, the Lakers had agreed on a trade with the Hornets and Kobe was signed with the Lakers. However, in 1996 Kobe was only 17 so his parents co-signed the contract allowing him to play.

At the end of Kobe’s career, he was known for many things. He was a 12-time All-Defensive team member, a 15-time All-NBA team member, and an All-Star, 18 times over. He was also known for leading the National Basketball Association in scoring for two seasons. It was also at this time that he was ranked third in regular scoring during the season. Kobe had also ranked fourth on the postseason scoring list as well. Kobe holds the record for the longest years played with one team for a career.

Highlights in Kobe’s Career

  • 1997- National Basketball Association All-Rookie Team
  • 2002/2003/2008- BET Awards Sportsman of the Year
  • 2008- National Basketball Association MVP
  • 18-Time Winner – National Basketball Association All-Star
  • 2000/2001/2002/2009/2010- National Basketball Association Champion
  • 2016- Icon Award – ESPY

Kobe Bryant Quotes

Kobe Bryant is an inspiration to many but he has gotten himself where he is today with some motivation from himself. He has many motivational and inspirational quotes that have helped him get to where he is today. Let us take a look at some of his most infamous quotes.

“Everything negative- pressure, challenges- is all an opportunity for me to rise.”

“These young guys are playing checkers. I’m out there playing chess.”

“I’ll do whatever it takes to win games, whether it’s sitting on a bench waving a towel, handing a cup of water to a teammate, or hitting the game-winning shot.”

“I don’t want to be the next Michael Jordan, I only want to be Kobe Bryant.”

“There’s been a lot of talk of me being a one-man show but that’s simply not the case. We win games when I score 40 points and we’ve won when I score 10.”

Kobe Bryant is a team-man who knows his worth. He knows how to play the game and he knows what he has to do to be successful. Kobe Bryant has driven himself to his own success. Kobe is selfless and determined.

Keys to Success

Kobe himself has three keys to success. He has made these steps to help him along with his career and to help boost his net worth.

You Can and Should Always Learn More

When you are at the top of your game and the top of your career, you believe that you would be finished and you couldn’t go anywhere from here. However, you couldn’t be more wrong. You always have something more to learn.

For example, Kobe Bryant retired from the NBA and decided to be an entrepreneur. He even claimed that he wants to be known for his venture investing rather than basketball career.

Break Down Your Problems

We all struggle with problems and face difficult situations in our lives; however, it is how you handle it that is the important part. You should break the problem down into smaller pieces. When you view the problem as a whole, it may appear overwhelming and exhaust you. When you look at it in smaller pieces, you are going to solve it easier and without as much stress.

Challenge = Opportunity

When you face challenges in your life you should positively look at them. Don’t view challenges as something negative. You should view any challenge as an opportunity to grow as a person. Challenges are designed to help you develop your strength and knowledge. You are doing something that you have never done before and that is okay.

Summary

As stated in the article, Kobe is an amazing basketball player. He played for twenty years with a single team before retiring. He is considered the best basketball player of all time. He is also known for being one of the richest athletes of all time as well. His net worth today is estimated to be about $500 million.

Kobe is a man who got himself to the top. He was his own inspiration and always took negatives and turned them into learning experiences. He is a wise man who has much to offer to the world. Wisdom, basketball, and now entrepreneurship.

Kobe Bryant’s net worth is likely to increase in the near future with his new career. Kobe is now pursuing entrepreneurship which could easily increase his net worth. We will have to see what 2020 brings Kobe and his net worth value as his entrepreneur’s job takes off.

We could all learn a little from Kobe and his methods of learning. Be positive and tackle challenges in smaller pieces. Don’t overwhelm yourself and keep yourself in mind. Don’t give up and you will succeed in life.