Kobe Bryant Invests Millions In Sports Drink
Kobe Bryant may be experiencing one of his worst years ever in the NBA. After a season plagued with injuries that has kept him from playing, the all star took his down time as an opportunity to form his own company, Kobe Inc.
The Los Angeles Lakers guard recently announced his first investment in the upstart sports drink BodyArmor. According to Forbes, Bryant will sit on the board of directors and own more than 10 percent of the company.
“Once the Achilles injury took place and I was sitting at home for months – I started to think what do I do now? I thought I should probably start putting pen to paper and start executing on some of these visions that have been circulating in my brains for all these years. So I started putting a plan in motion,” Bryant said.
BodyArmor, which first launched in 2011, has generated $10 million in revenue over the past 12 months – doubling in sales each of the past two years.
“I want to be a part of something and if you want to be a true entrepreneur you have to put skin in the game,” Bryant said. “At this stage in my life, I don’t have the interest in taking on any more endorsements.”
Floyd Mayweather Invests In Cosmetics Line
Professional boxer Floyd Mayweather, perhaps best known for his quick speed and agility as a pound-for-pound champion of the ring – appears to be making preparations for a life after boxing.
The Money Team (TMT) CEO recently sat down in an interview and talked about expanding his investment portfolio—in none other than the cosmetics industry—with his personal massage therapist, Doralie ‘Bad’ Medina.”
Mayweather demands commitment from everyone that works on TMT, but after discovering Medina had saved roughly $600,000 to start her own cosmetic line – Mayweather decided to be a part of Medina’s new venture – investing $100,000 in Bad Medina Cosmetics.
“She’s put a lot of money away and constantly reading books on success so I’m proud of her,” Mayweather said.
A self-made woman, Medina says being on the TMT staff requires her to be on call seven days a week. She saved a huge chunk of her paychecks to get the business started – before Floyd took notice.
“He decided to invest in the business because he could tell I was serious,” Medina said.
“For four years she has wanted to do a makeup line so the time is now,” Floyd said.
If all goes according to plan, Bad Medina will launch later this year with lip gloss before branching off into a full-blown cosmetics line.