Don Vultaggio & family

Don Vultaggio & family (#734)

The simple math says if you get the price that makes a consumer want to buy it and buy it again, and the competition doesn't look as good or taste as good, you've got a business.

$ 6 B
Beverages
United States
M
74 Years

About Me

Arizona Beverages cofounder Don Vultaggio has built his fortune one 99-cent tallboy can of iced tea at a time. He got his start in the 1970s selling beer and soda from the back of an old van in Brooklyn's toughest neighborhoods, where others refused to go. In 1992 he went into iced tea, launching Arizona from a Brooklyn warehouse and quickly toppling the competition with taller cans and flashier labels. Arizona sells some $4 billion worth of tea, juice, water and alcoholic drinks annually, including its popular green tea and Arnold Palmer lines. In 2015 he was ordered to buy out his former friend and partner, John Ferolito, for about $1 billion to settle a lengthy, bitter shareholder dispute.

Achievements

Career Highlights

A snapshot of the defining milestones, leadership decisions, and breakthroughs that shaped Don Vultaggio & family’s rise and global influence.

#712 Billionaires (2026)
#255 Forbes 400 (2025)

Wealth Growth

Net Worth Growth Over Time

Tracking Don Vultaggio & family’s net worth journey over the years, highlighting key growth phases and financial milestones.

Current Net Worth: $5.7B (May 4, 2026)