As one of the most talked-about figures, Mike Repole has built a significant fortune. Our team analyzed the latest data to provide a clear picture of their income.
What is Mike Repole's net worth?
Mike Repole is an American businessman who has a net worth of $1 billion dollars. Mike has earned his fortune as the founder or co-founder of several companies, including beverage companies Glaceau and BODYARMOR.
Mike Repole was born in Queens, New York, on January 21, 1969. He was the first person in his family to graduate from college. He graduated from St. John's University with a degree in Sports Management in 1991 with a 2.2 GPA. His first job out of college was as a salesman for a beverage company called Mistic Beverages. He eventually moved over the Crystal Geyser where he rose to be the Vice President of Sales.
In 1998, at the age of 29, Mike partnered with J. Darius Bikoff in co-founding a company they called Energy Brands, but was commonly known as Glaceau. Their first product was a water brand they called Smartwater. Introduced in 2000, Smartwater would eventually be almost single-handedly responsible for the explosion of the enhanced water beverage category. They also launched Vitamin Water.
In 2009 Mike used a portion of his windfall from the Coca-Cola sale to acquire the majority of snack company Pirate's Booty. In 2014 the brand was bought for $200 million.
By 2007 the company was generating north of $1 billion in annual revenue. That same year, Coca-Cola bought Glaceau for $4.1 billion. Repole and Bikoff were always generous in handing out stock options to employees. On the day of the Coca-Cola acquisition, approximately 400 of their employees received checks for an average of $500,000. Some early employees made much more. The rapper50 Cent– an early endorser of Vitamin Water, famously took equity over salary to appear in the company's commercials.50 Cent's exact Vitamin Water earningsare not known, but it's been estimated that he earned$150 – $200 millionbefore taxes, roughly$75 million – $100 millionafter taxes.
In summary, the total wealth of Mike Repole reflects strategic moves.
Disclaimer: All net worth figures are estimates based on public data.