*One of Kobe Bryant’s investments has gone bankrupt, leaving the professional athlete out $400,000 – a mere drop in the bucket for the multi-millionaire.

He put a little of his hard earned money into the Power Balance company that marketed “performance bracelets.” But according to the Orange County Register, the company couldn’t handle the competition and filed a Chapter 11, listing Bryant as one of its biggest creditors.

Others include the Los Angeles Kings – $250,491; the Sacramento Kings – $100,000; and Blake Griffin – $20,000.

In a statement, the company acknowledged that it was forced to file bankruptcy because of several lawsuits that alleged misleading advertising for the product.