BillionaireNet
Caporella
Nick Caporella
Rank #1178
UNITED STATESFood & BeverageBeverages

Nick Caporella

Net Worth
$3.456B
-0.12% (24h)
Nick Caporella is the Chairman and CEO of National Beverage Corp., best known for its LaCroix brand. Born in 1935, he built a career spanning construction and telecommunications before founding National Beverage in 1985. Caporella's leadership transformed the company into a major player in the beverage industry, with a current net worth of $3.6 billion. His success is rooted in his focus on innovative and "better-for-you" beverage options. He still owns a controlling stake in National Beverage, which trades under the ticker symbol "FIZZ".

The Full Dossier

Early Life

Nick A. Caporella was born in Connellsville, Pennsylvania, in 1935. His father worked as a coal miner. At age 11, Caporella began working odd jobs. Later, when his father took a construction job in Florida, the family relocated to West Palm Beach.

Rise to Success

Caporella started his career in the construction industry. He later became the CEO of Burnup & Sims, a telecommunications firm, before founding National Beverage Corp. in 1985. He acquired Shasta Beverages in 1985 and Faygo in 1987, building a diverse beverage portfolio. National Beverage went public in 1991.

Key Business Strategies

Caporella's strategy focused on acquiring established beverage brands and developing a wide range of flavored drinks. His leadership style emphasizes innovation and responding to consumer trends. A key decision was acquiring LaCroix, which significantly boosted National Beverage's market position.

Philanthropy

Caporella supports various civic, religious, and community programs and serves on the Professional Advisory Board of St. Jude Children's Research Hospital.

Career Timeline

1996

Acquired LaCroix

Acquired LaCroix, a key brand for National Beverage.

1985

Founded National Beverage Corp.

Founded National Beverage Corp. (FIZZ) to fend off a hostile takeover of Burnup & Sims.

1976

CEO of Burnup & Sims

Became CEO of telecommunications firm Burnup & Sims.

Philanthropic Impact

HealthcareUndisclosed

St. Jude Children's Research Hospital

Supports research projects aiming to advance the cure for pediatric cancer.

Wealth Trajectory