Don Vultaggio & family

$6.5B

as of 07/05/24

About Don Vultaggio & family

Arizona Beverages cofounder Don Vultaggio has built his fortune one 99-cent tallboy can of iced tea at a time.

He got his start in the 1970s selling beer and soda from the back of an old van in Brooklyn's toughest neighborhoods, where others refused to go.

In 1992 he went into iced tea, launching Arizona from a Brooklyn warehouse and quickly toppling the competition with taller cans and flashier labels.

Arizona sells some $4 billion worth of tea, juice, water and alcoholic drinks annually, including its popular green tea and Arnold Palmer lines.

In 2015 he was ordered to buy out his former friend and partner, John Ferolito, for about $1 billion to settle a lengthy, bitter shareholder dispute.

Personal stats

Citizenship

United States of America

Source of wealth

Beverages

Residence

Port Washington, New York

Marital status

Married

Birth date

02/26/52 (age 72)

Number of children

Education

High School Graduate, High School

Self-made

self-made