$4.4B. Earlier this year, the Illinois native sold his remaining stake in the company to Inspire Brands, a restaurant group that’s part of Atlanta-based Roark Capital, for an undisclosed amount. REAL TIME NET WORTH. Forbes estimates that his U.S.-focused Mark Anthony Brands—which includes White Claw and Mike’s Hard Lemonade—is worth roughly $3.5 billion. He wasn't doing well. I'm the Careers reporter at Forbes. If you think White Claw came out of nowhere to suddenly be everywhere, well, you're not wrong. Will another $1,200 stimulus check ever come? and worked as a research assistant for her. Canadian Anthony von Mandl's Mark Anthony Brands is behind popular alcoholic drinks White Claw and ... [+] Mike’s Hard Lemonade. From White Claw, To Sandwiches, To Kombucha: 10 Notable New Billionaires Of 2019, Meet the Man Behind "Two Buck Chuck" – The Cheap Wine That Everyone Secretly Loves, Pop The Cork: 11 Celebrity-Owned Vineyards, Chateau Margaux Wine Making Family Become Billionaires, The Most Expensive Wines And Spirits Sold By Christie's In 2018, How Francis Ford Coppola Went from Oscar Winning Filmmaker To Award Winning Winemaker, Meet Mikaila Ulmer: The 11-Year-Old Who Made A Sweet $11 Million Deal With Whole Foods, NFL Players Donate To 12-Year-Old's Lemonade Business. Anthony von Mandl has made a fortune creating genre-defying alcoholic beverages like White Claw and Mike's Hard Lemonade. In October, Kind announced it had acquired Creative Snacks, Co., a North Carolina-based snack manufacturer, for an undisclosed amount. I'm the Careers reporter at Forbes. Powered and implemented by Interactive Data Managed Solutions. It cashes in on the health-craze by removing the sweetness of Mike's and lowering the calorie count. The former standout junior tennis player runs buyout firm Thoma Bravo, which focuses solely on software deals and has $39 billion in assets under management. 15 on the 2019 Forbes 400 list after receiving the largest divorce settlement ever—from Amazon founder Jeff Bezos. Four created companies in food and beverages, including Anthony von Mandl, the man behind popular hard seltzer White Claw, and GT Dave, who hawks more than $250 million of kombucha a year. The beverage also benefits from a strong social media presence. White Claw has a 55% share of the market. The company was the pioneer of the flavored malt category by launching Mike's Hard, so it's no wonder … Lu, who helped fund the business as an angel investor and now chairs the board, owns about a quarter of the company’s stock. The San Francisco-based firm has done 230 software deals worth over $68 billion since 2003. This summer, White Claw outsold every craft beer in the U.S. Competition is knocking on the door – Anheuser-Busch, Molson Coors Brewing, Constellation Brands, and Diageo Plc all have spiked seltzer in stores or in development. Though Liautaud opened his first Jimmy John’s sandwich store 35 years ago, he just joined the billionaire ranks this year. Wertheim showed his entrepreneurial spirit early as a young NASA engineer at Cape Canaveral, where he designed an automatic dipping machine to make 15-inch, no-drip beeswax candles. © 2020 Forbes Media LLC. The 69-year-old has a net worth of $3.4 billion, according to the Bloomberg Billionaires Index. An optometrist from Florida, Wertheim is the epitome of a self-made billionaire. They started dating while working at hedge fund D.E. © 2020 Fortune Media IP Limited. But the engine behind his company, Mark Anthony Group, is White Claw and Mike’s Hard Lemonade, a sweet alcoholic brew that became a phenomenon in Canada when it … Wall Street's hottest dealmaker, Bravo is the first ever Puerto Rican-born billionaire. Comedian Trevor Wallace made a video parodying White Claw drinkers that has been viewed more than three million times and spawned the catchphrase "Ain't no laws when you're drinking Claws. White Claw is owned by Mark Anthony Brands, the same company that owns Mike's Hard Lemonade, which debuted in 1999.The Mark Anthony Company, founded in 1972, has a diverse number of private beverage companies in their portfolio including wine, beer and ready-to-drink products.. ", © 2020 Celebrity Net Worth / All Rights Reserved, © 2015 Celebrity Net Worth / All Rights Reserved. He went on to found Brain Power Inc., a manufacturer of optical tints for eyeglasses, in 1970 and made his first million dollars five years later. Then he hit upon an idea. ETF and Mutual Fund data provided by Morningstar, Inc. Dow Jones Terms & Conditions: http://www.djindexes.com/mdsidx/html/tandc/indexestandcs.html. Follow me on Twitter @KristinStoller. In March, Forbes estimated that her ultra-popular Kylie Cosmetics — which she started after her lip kits went viral in 2015 — was worth at least $900 million, fueled in part by an exclusive distribution deal with beauty retailer Ulta. He bought his first winery in 1981 when the Okanagan Valley was just taking off. She signed the Giving Pledge shortly after, which could move her down the ranks in the future. She graduated to working directly with vendors; her site now sells 15,000 brands and attracts 2 million daily visitors in Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan. Von Mandle heads up the Mark Anthony Group. In November, the youngest member of the Kardashian-Jenner clan agreed to sell a 51% stake in her company to fragrance and cosmetic company Coty Inc. for $600 million, valuing her firm at just under $1.2 billion. Orlando Bravo's Thora Bravo, a software-dedicated buyout shop, oversees a portfolio of 38 software ... [+] companies that generate some $12 billion in annual revenue and employ 40,000 people. The winery hosted Prince William and Kate Middleton in 2016. Offers may be subject to change without notice. Mandl had a deep understanding of the wine industry and wanted to scale his knowledge. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. The new members range in age from 21 to 90, and built fortunes in everything from electric vehicles to down jackets. FORTUNE may receive compensation for some links to products and services on this website. Charles Zhengyao Lu, chairman and founder of Luckin Coffee Inc., at the company's initial public ... [+] offering on Nasdaq in New York in May 2019. Back then he was running a wine-importing business in Vancouver, British Columbia. As founder and CEO, she led the company to $1.9 billion in revenue in 2018. Here’s what we know. Submit a correction suggestion and help us fix it! The first time I heard of it was in June 2019, at Bonnaroo, by the time I made it back to the west coast, the hard seltzer beverage was not only everywhere, but it had also become a pop-culture phenomenon and a part of every basic bitch's starter package. Net worths are as of December 12, 2019: Tatyana Bakalchuk, billionaire and chief executive officer of Wildberries, at the Open Innovation ... [+] Forum in Moscow, Russia, in October 2019. Kylie Jenner is the youngest-ever self-made billionaire, reaching a ten-figure fortune at a younger ... [+] age than even Mark Zuckerberg. Forum in Moscow, Russia, in October 2019. offering on Nasdaq in New York in May 2019. companies that generate some $12 billion in annual revenue and employ 40,000 people. It also outsold Budweiser for a while. It was hard to convince Canada's draconian liquor boards to buy the foreign brands of wine he was selling. After starting a rental car company and a ride-hailing service, Lu set out to overtake Starbucks by backing Luckin Coffee. Two decades ago, you couldn't turn around without running into an ad for it, you couldn't go to a party without seeing it. All rights reserved. Shaw in New York. But the billionaire also had to deliver some bad news that month, as he announced that Kind would be laying off 15% of its workforce by year-end. That idea became Mike's Hard Lemonade. November 08, 2019 12:31 PM Hard seltzer craze turns White Claw maker into a billionaire West Loop-based White Claw, the hard seltzer that was the hit … Market data provided by Interactive Data. He has since funneled his profits from Brain Power into a diversified stock portfolio and is the largest individual shareholder of aerospace firm Heico. White Claw is expected to come in with close to $4 billion in revenue in 2020. Today he owns more than 1,000 acres of vineyard. Quotes delayed at least 15 minutes. Mark Anthony Brands became the fourth largest beer company in the U.S. over the summer thanks to 85% growth. Over the past year, sales of hard seltzer like White Claw and Boston Beer Co.'s Truly have nearly tripled despite the fact that Americans have drank less alcohol for the third straight year. Dr. Herbie Wertheim, founder and president of Brain Power Incorporated, has dozens of holdings, ... [+] ranging from GE and Google to BP and Bank of America. What the World’s 25 Best Workplaces have in common, Germany funded the development of Pfizer’s COVID vaccine—not U.S.’s Operation Warp Speed, CA Notice at Collection and Privacy Notice, http://www.djindexes.com/mdsidx/html/tandc/indexestandcs.html. His net worth is $3.4 … All Rights Reserved, This is a BETA experience. Now at the age of 69, Anthony von Mandl’s net worth is $3.4 billion. The world’s fourth-richest woman debuted at No. ranging from GE and Google to BP and Bank of America. Visit Business Insider's homepage for more stories. Perhaps the most well known—and divisive—newcomer, Jenner won the title of the youngest self-made billionaire at age 21 earlier this year. His Mission Hill wines sell for $250 a bottle. MacKenzie Bezos, who has published two novels, was a student of author Toni Morrison at Princeton ... [+] and worked as a research assistant for her. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. as of 11/7/20. Anthony von Mandl created the ready-to-drink alcoholic beverages White Claw Hard Seltzer and Mike's Hard Lemonade through his Mark Anthony Brands. The popular coffee chain, which opened its first shop in October 2017, now has more than 3,500 locations in China and went public on the Nasdaq in May 2019. GT Dave, the founder of GT's Living Foods, at the company's headquarters in April 2019. All Rights Reserved. A mother of four, she started e-commerce site Wildberries in 2004 while she was on maternity leave. A serial entrepreneur, Lu’s first big win was founding car rental company Car Inc. in 2007. This allows it to be taxed at the lower rate of beer in the U.S. and can be sold in supermarkets and grocery stores in states that restrict sales of wine and other liquors to specialty stores.