Mike Repole Net Worth is$1 Billion
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Mike Repole net worth: Mike Repole is an American businessman who has a net worth of $1 billion dollars. Mike Repole was born in Queens, New York, and 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. In 1998, he co-founded Glaceau, the company responsible for the explosion of the enhanced water drinks that have now become common in every gym around the country. By 2007, the company was achieving nearly $1 billion in sales each year, and Coca-Cola bought it for $4.1 billion. He then moved on to become majority owner of Energy Kitchen, a healthy fast food chain with the majority of its locations in Manhattan. He is also the primary shareholder of Pirate Brands, maker of low-calorie, gluten-free energy snacks. He has primary operating control, and has increased their brands sales from $50 million to nearly $100 million since assuming control.
Energy Brands, also doing business as GlacA(C)au, is a privately owned subsidiary of Coca-Cola Company based in Whitestone, New York City that manufactures and distributes various lines of enhanced water. Founded in May 1996 by J. Darius Bikoff with an electrolyte enhanced line of water called Smartwater, Energy Brands initially distributed its products to health food stores and independent retailers in the New York area. Adding Fruitwater and Vitaminwater to its line in 1998 and 2000, respectively, the company expanded to nationwide distribution in the early 2000s.
By 2002, the GlacA(C)au line of waters were the top selling enhanced water brand in the United States, with the company's Vitaminwater being its best selling product. In 2006, the company earned US$350 million in revenues. The company then began its global expansion, launching its products in the United Kingdom and Australia in 2008, France in 2009 and Argentina in 2011.
Energy Brands is owned primarily by Bikoff, employees, and small investors. Rap artist Curtis Jacksona??known as 50 Centa??obtained a minority share of the company as part of an endorsement deal. 30% of the equity was sold to LVMH sometime in the 2000s, which in turn sold those shares. The shares eventually were sold to India-based Tata Group in August 2006, which held the shares until May 2007 when Coca-Cola Company purchased the company as an independent subsidiary, leaving its actual operations with its existing management including Bikoff.
J. Darius Bikoff, a self-proclaimed health nut born on September 21, 1961, first conceived of the idea of vitamin enhanced water in 1996. According to him, he was feeling "run down" and concerned he was catching a cold, so he took some Vitamin C and drank some mineral water. As he consumed the items, he started thinking about the idea of having them together instead of having to take them separately. He founded Energy Brands in May 1996 using his personal savings and contracting with an aq

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Mike Repole Latest News

Kentucky Derby: Mike Repole more at ease this time around

Mike Repole has horses that run as fast as he talks, and that’s a good thing – at least for his horses – because when you get him on the phone, he goes the first quarter in 21 and change and keeps right on motoring. Repole burst onto the racing scene ...
Posted: February 27, 2013, 9:24 am

Kobe Bryant wants to be No. 1 again, this time in business

Five years ago, Bryant met Mike Repole, the Queens native credited with the creation of VitaminWater and SmartWater, billion-dollar drink brands that Coca-Cola purchased in 2007. Repole said he left industry but returned when he spotted an opportunity to ...
Posted: October 19, 2017, 2:44 pm

Former Kentucky Derby contender has an unheard-of legacy in this year's race

Mike Repole opened the news conference on May 6, 2011, looking both shaken and resigned. A dark jacket was pulled over his shoulders, and a blue baseball cap with the words "Uncle Mo" rested low and heavy on his head. "When I envisioned this press ...
Posted: May 3, 2016, 8:34 am
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