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Inside Kobe Bryant's $8 million LA mansion

BEAM Staff
April 17, 2018

The third highest earning player in history in the NBA, Kobe Bryant sits in the league's Hall of Fame. His exploits on the court have, however, translated to a an equally successful post-NBA life in business. A few years ago, Bryant sold this LA mansion for the highest price ever registered in the area.

Sitting in the an gated area of Newport Coast, LA, the former Lakers star initially listed the property for over $8 million. Slightly later, the 8,741 square foot home sold for $6.116 million, the highest price any house has ever sold in the Pelican Ridge area. Built back in 1997, Bryant swept up the house in 2001.

Amongst the mansion's highlights are a 850 square foot gym, ideal for the former NBA star, a hair salon as well as a wood-paneled office with a built-in shark tank. In addition, a private, home theatre is accessible through a lobby entrance, with stadium level seating and a wet bar.

Spanning four bedrooms and 5 bathrooms, the mansion included a master suite with a private lounge, walk-in closet and a marble-lined bath. Outside, Bryant had a landscaped backyard with extensive lounging space, a waterfall, fire pit, outdoor kitchen and large pool with a view of LA and its breathtaking sunset.

Bryant's mansion is sitting a guarded, gated community where homeowner fees alone are $651 per month. Following the sale, Bryant moved to another, larger estate he had in a nearby, gated community in Pelican Crest. Arguably, the estate Bryant sold is one of the world's few with a built in shark tank.

Born in 1978, Kobe Bryant became one of the NBA's highest earning players in history, with salaries totalling $320 million over his 20 year tenure as a league legend. A star in high school basketball already, Bryant took the leap to go into the NBA Draft straight out of college and was selected in 1996 in the first round as the 13th pick for the Charlotte Hornets.

The LA Lakers had, however struck an arrangement to take over Charlotte's drafting rights and get Bryant over to their team in exchange for their starting centre, Divac. The youngest player to ever be in the NBA at the time of his debut, Bryant finished his first career with a 15 point average, an average, which sore to over 20 points during his second season.

By 1999, Bryant had emerged as a star player for the Los Angeles Lakers, starting every game of the season. By the end of it, he was awarded a contract worth $70 million over 6 years. Even at that young age, Bryant was being compered to the likes of Jordan and Magic Johnson. In the next years, Bryant became an all-star, growing the Lakers into a championship contender together with O'Neal.

Launching into scoring records from 2003 onwards, Bryant averaged over 40 points per game over five straight seasons. In 2008 and 2009, Kobe added to his highlights, helping the Lakers win another two championships. Whereas time went on, Bryant's strength did not diminish with averages at over 35 points per games by the 2010s.

In 2016, after going through changes in playing style and injuries, Bryant ended his pro career after 20 years as a powerhouse in the NBA. One of the greatest players in the sport, he came out with the 3rd highest earnings in the league in history with over $320 million. Now 39 years old, Bryant's net worth is estimated at $350 million.

Bryant is, however, not only hailed as one of the most successful players on the court but also as one of those that has best managed his transition to the business world. In this transition, Bryant leaned on billionaire investor, Chris Sacca who detailed him as how to best invest into startups and approach finances. His business holdings are named Kobe Inc.

Kobe's first investment became a 10% stake in sports drink manufacturer, Body Armor. Shortly after, he partnered with Chinese giant, Alibaba to produce his documentary, Muse. When setting up a legal entity with Bryant, Sacca said Kobe wanted to name it 13. "Do you know why? It's sports-related, and this was like two years. He said, 'Can you believe they drafted 12 other players before me?' He still wears that, man." Sacca said in a podcast.

Amongst his other achievements, Bryant has won an Oscar earlier this year for the best animated short film. The animated film, Dear Basketball, was a love letter to the game that Bryant had produced. In 2016, he launched a venture capital firm with Jeff Stibel that is going to invest $100 million in startups. These companies have included LegalZoom, Reserve, Dell and others.

Topping the list of the highest earning NBA players of all time, on which Bryant is ranked 3rd, is centre legend, Kevin Garnett. Pocketing $334 million during his career, he spent 21 years in the league. In comparison, current NBA star player, LeBron James is ranked 7th on the list with $234 million in salary. The rankings, however, don't include lucrative marketing deals.