You might not think of Coca-Cola’s net worth whenever you buy a soft drink. However, it will come into play at some point. This is especially true when you’re looking to invest in a company operating within the non-alcoholic beverage industry.
The company’s net worth is approximately $230 billion as of 2023. In the previous year, Coca-Cola earned $37 billion in revenue, and it had a net income of about $9 billion. The company derived these earnings from its investments and establishments in over 200 countries. According to various surveys, over 1.8 billion individuals worldwide consume Coca-Cola daily.
Whether you’re considering becoming an investor in the company or you’re curious, its net worth is impressive. This article will inform you about the company’s origins. It’ll also walk you through its net worth.
What is Coca-Cola?
Chemist John Stith Pemberton invented the original Coca-Cola formula in 1886. He initially created it to be a health concoction that would replace Pemberton’s French Wine Coca, a beverage he had previously developed. Pemberton made Coca-Cola by mixing a type of coca syrup with carbonated water. He sold this mixture as a healthy tonic, charging buyers 5 cents.
His invention gained popularity. Many people were interested in his concoction, including fellow pharmacist Asa Candler. Asa was an entrepreneur as well. He approached Pemberton with a proposal to acquire his company and the recipe for his trending invention. The businessman was successful in his pursuit, purchasing Coca-Cola for $238.98 in 1888.
Asa founded the Coca-Cola Company in 1892. By 1894, the company started selling the beverage in attractive glass bottles. Such packaging made it easier to transport Coca-Cola. It also inspired the Coca-Cola design we see in stores to date.
As Coca-Cola gained popularity, the company opened more production sites in Cuba, Canada, and France. The company’s turning point was during World War 2 when cans were used to carry Coca-Cola to soldiers. Glass bottles returned when the war ended in 1945. They came in various sizes, including 10 and 12 ounces. The 2-liter PET plastic bottle entered the scene in 1978.
Today, Coca-Cola is one of the world’s largest non-alcoholic beverage producers. And Coke is a popular beverage worldwide. Despite the changes and evolution in the packaging and logo, the drink’s formula remained consistent. This uniformity is why the brand stays on top despite emerging beverage companies.
Coca-Cola’s Net Worth
Its net worth is calculated by subtracting its total liabilities from its total assets. The company’s net worth is currently over $230 billion.
There’s a high probability that this figure will increase over time. This is a promising sign for investors because it shows that Coca-Cola’s overall financial health is ever-improving.
Conclusion
With Coca-Cola’s unique flavor and iconic packaging, the company will remain one of the best. Its net worth will likely increase. And the company’s net worth is constantly increasing with every new area they expand worldwide.
Interested in finding out the net worth of other businesses? Check out all of our net worth articles.