What is Nick Caporella's Net Worth?
Nick Caporella, a prominent American businessman, boasts an impressive net worth of $4 billion. He is widely recognized as the founder, chairman, and CEO of National Beverage Corp., a leading player in the soft drink industry.
Professional Journey
Before establishing National Beverage in 1985, Caporella gained valuable experience working as a contractor. He also served as the CEO of Burnup & Sims, a telecom and cable company, where he honed his executive skills and strategic vision.
National Beverage Corporation
Under Caporella's leadership, National Beverage has grown into one of the top five soft drink companies in the United States, known for popular products like LaCroix, Shasta, and Faygo. The energy drink Rip It is also part of their diverse portfolio.
Caporella acquired Shasta Beverage from Sara Lee Corporation for $40 million in 1985, followed by the purchase of Faygo. These strategic acquisitions helped solidify National Beverage's market position and fend off an unwanted acquisition attempt by a former colleague from Burnup & Sims Inc.
Share and Market Influence
Nick Caporella holds approximately 73% of National Beverage's outstanding shares, which trade under the ticker symbol "Fizz." Remarkably, he has never sold a single share since founding the company, showcasing his unwavering faith in its potential. His net worth has seen significant fluctuations, ranging from $1.5 billion to as high as $5.5 billion in recent years.
Personal Background
Nick Caporella's roots trace back to his humble beginnings as the son of a Pennsylvania coal miner. His journey from these origins to becoming a billionaire entrepreneur is a testament to his determination and business acumen.
