Nick Caporella
$3.6B
Born
Jan 15, 1936
Age
90
Source of Wealth
Beverages
Residence
Plantation , Florida
Citizenship
United States
Marital Status
Married
Children
4
Education
- Nick Caporella is the chairman and CEO of National Beverage, which he founded in 1985; it's best known for its LaCroix brand of sparkling water.
- The Pennsylvania native started out as a contractor and worked as the CEO of telecom firm Burnup & Sims before founding his soft drinks business.
- He kickstarted National Beverage by buying soda brand Shasta, then later added LaCroix to the portfolio in 1996.
- The Fort Lauderdale, Florida-based company, which trades under the ticker FIZZ, has faced increased competition from rivals like PepsiCo and other brands selling flavored fizzy water.
- Caporella got his first taste of success in construction, where he reportedly scraped together $250 for a down payment on a used dragline excavator in 1957.
- Burnup & Sims acquired Caporella's contracting business in 1972, and he was tapped to become the CEO just four years later.
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