|Legal Name:||The Coca-Cola Company|
|Headquarters Regions:||Atlanta, Georgia, United States|
|Founded Date:||29 January 1892, Atlanta, Georgia, United States|
|Founders:||Asa Griggs Candler|
|Number of Employees:||90000+|
|Area served:||United States of America And World|
|Products of Company:||manufacturing, retailing, and marketing of nonalcoholic beverage concentrates and syrups|
|Net Worth in 2023:||$200 billion|
The Coca-Cola Company is an American multinational beverage corporation whose headquarters are in Atlanta, Georgia. John Stith Pemberton founded the company and called it Coca-Cola. Later, the brand and formula were sold to Asa Griggs Candler at $2300 and called The Coca-Cola Company. The main interests for this company id to manufacture, retail and market nonalcoholic beverage concentrate and syrups.
The company has been the greatest beverage distributor worldwide since 1889. The company does not distribute the drinks itself but produces syrup concentrates which are then sold to various bottlers. The company has gone ahead to own its own anchor bottler, Coca-Cola Refreshments, which is located in North America. On top of its large production of beverages, it is also the leading producer of plastic waste. The company’s stock has been listed on NYSE.
Well, how well do you know about Coca-Cola? If not much, we have compiled all you need to know about Coca-Cola’s net worth in 2023, wiki and complete details. Well, if you’re all set, here is what we know about Coca-Cola to date.
Coca-Cola drink was invented by John Stith Pemberton, a pharmacist, as a drug to relieve a headache in 1886. As he continued to mix in his experiments, he ended up with an unnamed nor carbonated drink in May the following year. His bookkeeper, Frank M. Robinson, named and created a logo for the product. He chose Coca-Cola as they were the main ingredients, cola leaves and kola nuts. Robinson had to promote and market the product on his own as John Pemberton had taken a break, which he succeeded in.
John Pemberton’s son, Charley Pemberton, became the major shareholder of the company in 1888. Asa Griggs Candler purchased one-third rights of the company. After the death of John Pemberton in 1888, his son took over the ownership of the company. On the burial of Pemberton, Candler purchased Coca-Cola at $300.
Asa Griggs Candler became the complete owner of Coca-Cola in 1889 after paying $2300. Candler formally founded the Coca-Cola Company in 1892. Coca-Cola grew very fast, and by 1895, it is sold in every state in the union. Ernest Woodruffs Trust Company bought the company in 1919.
The first advert for Coca-Cola was “Coca-Cola. Delicious! Refreshing! Exhilarating! Invigorating!” by 1948, Coca-Cola owned 60% of its market shares. A time when their market shares decreased is in 1984, a new competitor, Pepsi, emerged. Their market shares reached 21.8%.
Since 1919, Coca-Cola has been publicly traded. On the New York Stock Exchange, their symbol was OK and was stocked at $40 per share. As the company continued to grow, it acquired Minute Maid for an undisclosed amount. It acquired Columbia Pictures, a movie studio, at $692 million in 1982. Coca-Cola later sold the studio to Sony in 1989 at $3 billion.
In 1993, Coca-Cola acquired the Indian cola brand, Thums Up. Coca-Cola has acquired several other brands, including 505 shares of Inca Kola at $200 million, Odwalla brand of fruit juices, smoothies, and bars at $181 million in 2001 and Fuze Beverage in 2007 at $250 million. In 2009, the company tried to buy a Chinese juice maker company, Huiyuan Juice Group, but their offer of a $2.4 billion bid was rejected.
Apart from Coca-Cola, the company produces several other soft drink brands like Fanta and Sprite. Fanta originally came in orange flavor but has come in different other flavors like apple, pineapple, strawberry, grape and peach. Sprite was introduced in 1961 as a lemon-lime soft drink. In 1969, the company introduced Simba, a take on Mountain Dew, with a symbol of an African lion.
Coca-Cola has promoted various television works such as American Idol, a Fox singing competition from 2002 to 2014. The company also sponsored Charli Rose, a PBS talk show in the US. Coca-Cola has been the executive producer of originally Coke Studio (Pakistan) and other adaptations like Coke Studio (India) and Coke Studio (Africa).
Awards & Achievements
Coca-Cola is one of the most valuable brands in the world and has received a number of awards. The company has received an Award for Corporate Excellence. Also, the company has received the Industry Champion of the Year Award. In 2010, Forbes named Coca-Cola the most valuable brand in the world. It is also the third most valuable brand in the world, after Apple and Google.
Net Worth & Earnings of Coca-Cola in 2023
As of 2023, Coca-Cola Company has a net worth of approximately $200 billion. The company is able to make such a huge amount as it is spread across the world. Coca-Cola is the top brand of most countries as it is sold in over 200 countries worldwide. A survey records that there are more than 1.8 billion consumers of Coca-Cola products per day.
Coca-Cola also manages to acquire huge amounts of net worth from its various investments. They have acquired a lot of companies which in turn help to raise their worth.
Coca-Cola is the highest selling soft drink in most countries all over the world. It was purchased at only $2300 and is now worth over 4230 billion. Apart from making a profit for itself, it has helped a lot of people secure employment. Currently, Coca-Cola has over 90 thousand employees.
The company has not gone without being faced with several criticisms. Their products have been mentions to have health effects, environmental issues, and employee issues, among others. The company has also faced a number of lawsuits. Nevertheless, this has not made Coca-Cola stand low but has continually grown day by day. Furthermore, it has continually drawn more and more customers, making it far much competitive in comparison to its competitors.