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

Repole able to savor Derby experience with Outwork

LOUISVILLE, Ky. - Mike Repole had a big smile on his face as he greeted well-wishers and talked with reporters Wednesday morning on the Churchill Downs backstretch. It was a far cry from five years ago, when Repole was avoiding media on the backstretch ...
Posted: May 4, 2016, 2:24 pm

Maragh Back to the Winner’s Circle

That’s the hardest part. I’m lucky I have good people who always stood behind me throughout the years. [Owner] Mike Repole is one of them. He’s given me so much support. To have confidence in me coming off such a long stint, it means a lot to have ...
Posted: November 23, 2016, 3:16 pm

Interview with Entrepreneur and Visionary Mike Repole

In 2007, CEO of Driven Capital Mike Repole sold his Vitamin Water Beverage Co. to Coca Cola for $4.1 billion. “Being a dreamer and always thinking big is important for success,” Repole of Queens, New York, tells me. “In 1999, I told people Vitamin ...
Posted: October 13, 2014, 5:00 pm
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