Don Vultaggio

Don Vultaggio
Born
Domenick Vultaggio

1951 or 1952 (age 72–73)[1]
NationalityAmerican
OccupationBusinessman
Known forCo-founder and chairman, Arizona Beverage Company
SpouseIlene Vultaggio
Children2

Domenick "Don" Vultaggio (born 1951/1952) is an American billionaire businessman, the co-founder and chairman of Arizona Beverage Company.[2][3] As of July 2024, his net worth was estimated at US$6.5 billion.[1]

Early life

Vultaggio grew up in Flatbush, a working-class neighborhood of Brooklyn, New York City, New York.[4] His father was the manager of an A&P supermarket.[4]

Career

In 1992, he and John Ferolito started Arizona from a warehouse in Brooklyn.[1]

In 2015, following a lengthy and bitter legal battle, he bought out Ferolito for about $1 billion.[1][5]

Personal life

Vultaggio is married to Ilene, an artist.[6] They have two sons, and live in Port Washington, New York.[1][7] Their sons both work for the company; Wesley as chief creative officer and Spencer as chief marketing officer.[6]

In 2004, they bought a two-acre "private peninsula" in Sands Point, Long Island for $4 million, and finished building a 30-room mansion in 2007.[7]

References

  1. ^ a b c d e "Forbes profile: Don Vultaggio". Forbes. Retrieved 4 July 2024.
  2. ^ Stewart, Jessica (2024-07-03). "Arizona Iced Tea Founder Says He'll Never Change the 99¢ Price and Explains Why". My Modern Met. Retrieved 2024-07-04.
  3. ^ https://drinkarizona.com/pages/about-us
  4. ^ a b Peterson-Withorn, Chase (17 October 2017). "Inside Arizona Iced Tea: How Don Vultaggio Beat Snapple, Became A Billionaire And Nearly Lost It All". Forbes. Retrieved 14 October 2018.
  5. ^ Raymond, Nate (14 October 2014). "Judge rules AriZona iced tea co-founder, son owed $1 billion for buyout". Reuters. Archived from the original on October 14, 2018. Retrieved 14 October 2018.
  6. ^ a b Enamorado, Miguel (11 July 2012). "AriZona 20 Years: Wesley and Spencer Vultaggio". Interview Magazine. Retrieved 14 October 2018.
  7. ^ a b Bear, Rob (29 April 2013). "The Magnificent Mansions of Five Famous Beverage Barons". Curbed. Retrieved 14 October 2018.