Coca Cola Net Worth is $257 Billion in 2023. Coca-Cola is a very famous multinational beverage company of America. As you can conclude from its name, it is made up of Coca leaves and Kola nuts, which is a great source of caffeine. They originally started making pills of soda for medicinal purposes, but later they began selling it in liquid form.
As the popularity of the company increased, they started making it in carbonated drink form. John Stith Pemberton is the founder of the company. He founded the company in the late 19th century. Also, check Apple Net Worth and Google Net Worth, Facebook Net Worth.
Initially it wasn’t that popular, but nowadays the company is one of the biggest beverage company of the world. The company is selling it’s product all around the world and it also sells variety of drinks now. They became a lot versatile over the course of time. Also, check IBM Net Worth, AT&T Net Worth and Samsung Net Worth.
Coca Cola Net Worth
Coca Cola is a gigantic multi-millionaire company which has its roots in every part of the world. The company has even sponsored some of the biggest tournaments and sports championships like FIFA world cup 2010, NASCAR, PGA tour, and many more. Coca-Cola doesn’t only sells cola these days, but they also sells variety of drinks and juices. As a whole, Coca Cola has an estimate net worth of $257 billion.
| Net Worth 2023 | $257 Billion |
| Net Worth in Rupees | Rs. 21.50 Lakh Crore |
| Revenue | $44.140 billion |
| Operating income | $10.931billion |
| Net Income | $10.510 billion |
| Total Assets | $98.456 billion |
| Total Equity | $24.436 billion |
| CEO | James Quincey (1 May 2017–) |
| Founder | Asa Griggs Candler |
| Number of Emplyees | 91000+ |
| Top Brands | Coca–Cola. Thums Up. Sprite. Aquarius Glucocharge. SmartWater. Minute Maid Nutriforce Apple. Minute Maid Vita Punch. |
| Founded Date: | 29 January 1892, Atlanta, Georgia, United States |
CocaCola Revenue 2023
- Coca Cola revenue for the quarter ending June 30, 2023 was $11.972 Billion
- Coca Cola revenue for the twelve months ending June 30, 2023 was $44.140 Billion
- Coca Cola annual revenue for 2022 was $43.004 Billion
- Coca Cola annual revenue for 2021 was $38.655 Billion
- Coca Cola annual revenue for 2020 was $33.014 Billion
- Coca Cola annual revenue for 2019 was $37.266 Billion
| Year | Revenue (Millions of US $) |
|---|---|
| 2024 | $44,140 |
| 2022 | $42,343 |
| 2021 | $38,655 |
| 2020 | $33,014 |
| 2019 | $37,266 |
| 2018 | $34,300 |
| 2017 | $36,212 |
| 2016 | $41,863 |
| 2015 | $44,294 |
| 2014 | $45,998 |
Inception
Coca Cola came into existence in the late 19th century. The company was founded by John Stith Pemberton. He initially planned to use cola as a medicinal substance, which helps the digestion of food. It was basically a soda. John Stith Pemberton created a syrup and after mixing it with water, the final material was Coca-Cola. In the beginning, Coca Cola was not that popular and not a lot of people were impressed by it. Unfortunately, John Stith Pemberton died, but before his death, he had given the shares of his company to various businessmen.
One of the businessman to whom he sold most of his shares was Asa G. Candler. Candler became the main man who lead the company to great heights. They started selling it in soda fountain outside Atlanta. The company was growing exponentially and to deal with the demands of public, they decided to sell the beverage it is bottles.
Joseph Biedenharn became the first person to sell the first unit of Coca Cola in bottles. They also acquired a bottler manufacturing right and soon started their bottle manufacturing firm. As the popularity was skyrocketing, they started rolling bottles in various sizes and with very unique design.
In 1970, Coca Cola launched their first advertisement on television. After the successful introduction and beginning, the advertisements had given them big success.
CocaCola Assets 2023
- CocaCola total assets for the quarter ending June 30, 2023 were $98.456 Billion
- CocaCola total assets for 2022 were $92.763 Billion
- CocaCola total assets for 2021 were $94.354 Billion
- CocaCola total assets for 2020 were $87.296 Billion
- CocaCola total assets for 2019 were $86.381 Billion
| Year | Assets (Millions of US $) |
|---|---|
| 2024 | $98,456 |
| 2022 | $92,471 |
| 2021 | $94,354 |
| 2020 | $87,296 |
| 2019 | $86,381 |
| 2018 | $83,216 |
| 2017 | $87,896 |
| 2016 | $87,270 |
| 2015 | $89,996 |
| 2014 | $92,023 |
| 2013 | $90,055 |
Evolution
Since its inception in the late 19th century, Coca Cola is one of the highest selling carbonated beverages drink in the world. It literally has no competitors in the market. After the success of the company, they started acquiring different companies under its name. They first bought the company named Minute Maid. The addition of Minute Maid was quite a big success. The popularity and success increased significantly after its addition.
After few decades of debate and discussion, Coca-Cola finally decided to merge with the Indian beverage company, Thumbs Up. It is massive success and nowadays is well, in India Thumbs Up is the most successful beverage. They also bought a company named Barq’s. Barq’s is a non-alcoholic beverage company.
The addition of Odwalla brand in Coca Cola was considered as one of the biggest deals. As they sell every kind of beverages like, smoothies, fruit juice, bars, and many more. Coca Cola has also acquired few other drinks and tea manufacturing companies.
CocaCola Net Income 2023
- CocaCola net income for the quarter ending June 30, 2023 was $2.547 Billion
- CocaCola net income for the twelve months ending June 30, 2023 was $10.510 Billion
- CocaCola annual net income for 2022 was $9.542 Billion
- CocaCola annual net income for 2021 was $9.771 Billion
- CocaCola annual net income for 2020 was $7.747 Billion
- CocaCola annual net income for 2019 was $8.92 Billion
| CocaCola Annual Net Income | (Millions of US $) |
| 2024 | $10.510 |
| 2022 | $9,925 |
| 2021 | $9,771 |
| 2020 | $7,747 |
| 2019 | $8,920 |
| 2018 | $6,434 |
| 2017 | $1,248 |
| 2016 | $6,527 |
| 2015 | $7,351 |
| 2014 | $7,098 |
Awards and Achievement
Coca Cola is one of the biggest companies of the world. It is the seventh raked company in the world, trailing behind some of the multi-millionaire company like Apple, Microsoft, and others. Coca Cola has won the industry Champion of the Year Award. It has also won an Award for Corporate Excellence. Looking at the success and popularity, Coca Cola is giant. It was also named as the most valuable company in 2010 by Forbes.
Conclusion
As to conclude, we can say that Coca Cola is a phenomenal company and it has an unbelievable popularity all around the world. From kids to adults, everyone wants to enjoy their evening with a glass of coke. The company is at its peak nowadays and there is no stopping it.
Frequently Asked Questions
What is the net worth of Coca Cola?
Coca Cola’s total net worth is around $257 Billion.
When Coca Cola is Founded?
Coca Cola is founded on 1892, Atlanta, Georgia, United States
Who are the founders of Coca Cola?
Coca Cola‘s founder’s name is Asa Griggs Candler
How much is the annual income of Coca Cola?
Coca Cola revenue for the twelve months ending June 30, 2023 was $44.140 Billion
What is the PE Ratio of Coca Cola?
Coca Cola PE ratio as of September 01, 2023 is 22.81.
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