BillionaireNet
Beveridge
B
Rank #788
UNITED STATESFood & BeverageVodka

Bert Beveridge

Net Worth
$5.137B
0% (24h)
Bert "Tito" Beveridge, the founder of Tito's Handmade Vodka, is an American entrepreneur with a net worth of $5.1 billion. Born in San Antonio, Texas, Beveridge's career path took a turn from the oil and gas industry to the world of spirits. He launched Tito's Handmade Vodka in 1997, after experimenting with flavored vodkas. His dedication and innovative approach led to rapid growth, with Tito's becoming a leading brand in the vodka market. This success has solidified his position as a prominent figure in the food and beverage industry, showcasing his remarkable journey from a one-man operation to a global brand.

The Full Dossier

Early Life

Bert "Tito" Beveridge was born and raised in San Antonio, Texas. He attended Vanderbilt University for a year and later graduated from the University of Texas at Austin with degrees in geology and geophysics. Before entering the spirits industry, Beveridge worked in the oil and gas sector, and even had a stint in the mortgage business.

Rise to Success

In the early 1990s, while in Austin, Beveridge started making flavored vodkas as gifts for friends. Liquor store owners encouraged him to create a smoother, unflavored vodka. In 1997, he founded Fifth Generation, Inc., and the Mockingbird Distillery, producing Tito's Handmade Vodka. He started the company by borrowing $90,000 using 19 credit cards.

Key Business Strategies

Tito's Handmade Vodka distinguishes itself through its use of yellow corn and a small-batch production process using old-fashioned pot stills. The brand gained recognition after winning the Double Gold Medal at the 2001 San Francisco World Spirits Competition. The company's dedication to quality, coupled with a focus on community and philanthropy, has contributed to its significant market presence.

Philanthropy

Tito's Vodka has a strong philanthropic arm, donating proceeds from its online store to nonprofits. During the COVID-19 pandemic, the company shifted production to create hand sanitizer. Additionally, Tito's has supported local initiatives and community gardens.

Career Timeline

2017

Made Forbes 400 List

Bert Beveridge was listed as one of America's richest people with the success of Tito's Vodka.

2001

Won Double Gold Medal

Tito's Handmade Vodka won the Double Gold Medal at the San Francisco World Spirits Competition, boosting the brand's recognition and sales.

1997

Founded Tito's Handmade Vodka

Established Fifth Generation, Inc., and began producing Tito's Handmade Vodka, marking the beginning of his venture in the spirits industry.

Philanthropic Impact

Community SupportNet proceeds from online store

Love, Tito's

Tito's Handmade Vodka donates the net proceeds from its online store to nonprofit organizations chosen by the customers.

Community GardensFunds and hands-on help

Block to Block Program

The Block to Block program supports community gardens and helps with various projects.

Wealth Trajectory