Coca Cola’s net worth is estimated to be $270.64 billion. Coca-Cola is a very famous multinational beverage company in America. As you can conclude from its name, it is made up of tea leaves and Kola nuts, a great caffeine source. They originally started making pills of soda for medicinal purposes, but later, they began selling it in liquid form.
As the company’s popularity 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.
Initially, it wasn’t that popular, but nowadays, the company is one of the biggest beverage companies in the world. The company sells its products all around the world, and it also sells a variety of drinks now. They became a lot more versatile over time. Must Check Mike Lindell’s Net Worth.
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What is Coca Cola Net Worth?
Coca-Cola’s net worth is around $270.64 billion as of 2024. Coca-Cola is a gigantic multi-millionaire company that 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 sell cola these days, but it also sells a variety of drinks and juices. As a whole, Coca-Cola has an estimated net worth of $245 billion.
| Net Worth 2024 | $270.64 billion |
| Net Worth in Rupees | Rs. 21.50 Lakh Crore |
| Revenue | $46.366 billion |
| Operating income | $10.931 billion |
| Net Income | $10.409 billion |
| Total Assets | $106.266 billion |
| Total Equity | $24.436 billion |
| CEO | James Quincey (1 May 2017–) |
| Founder | Asa Griggs Candler |
| Number of Employees | 91000+ |
| Top Brands | Coca–Cola. Thumbs Up. Sprite. Aquarius Glucocharge. SmartWater. Minute Maid Nutriforce Apple. Minute Maid Vita Punch. |
| FoundedDate: | 29 January 1892,Atlanta, Georgia, United States |
Coca Cola Revenue 2024
- CocaCola revenue for the quarter ending September 30, 2024 was $11.854 Billion.
- CocaCola revenue for the twelve months ending September 30, 2024 was $46.366 Billion.
- Coca Cola annual revenue for 2023 was $45.754 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 $) |
|---|---|
| 2023 | $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 |
Coca-Cola Organization Structure
| Level | Title | Name |
|---|---|---|
| 1 | Board of Directors | James B. Quincey (Chair), Muhtar Kent, John Murphy, Thomas Gayner, Henrique Braun, Luisa Ortega, Gilles Leclerc, Manuel Arroyo, Lisa Chang, Beatriz Perez, Mark Rahiya, Nancy Quan, Neeraj Tolmare, Monica Howard Douglas, Amity Millhiser |
| 2 | CEO | James B. Quincey |
| 3 | President and CFO | John Murphy |
| 4 | President, International Development | Henrique Braun |
| 4 | President, Africa Operating Unit | Luisa Ortega |
| 4 | President, Greater China and Mongolia | Gilles Leclerc |
| 5 | Global Chief Marketing Officer | Manuel Arroyo |
| 5 | SVP and Chief People Officer | Lisa Chang |
| 5 | SVP and Chief Communications, Sustainability and Strategic Partnerships Officer | Beatriz Perez |
| 5 | Chief Supply Chain and Innovation Officer | Mark Rahiya |
| 5 | SVP and Chief Technical and Innovation Officer | Nancy Quan |
| 5 | Global CIO | Neeraj Tolmare |
| 5 | SVP and General Counsel | Monica Howard Douglas |
Regional Divisions
- North America Operating Unit
- Latin America Operating Unit
- Europe, Middle East, and Africa Operating Unit
- Asia Pacific Operating Unit
Functional Divisions
- Bottling Investments Group
- Coca-Cola Global Ventures
- Coca-Cola HBC
- Coca-Cola FEMSA
- Arca Continental
This is just a simplified overview of Coca-Cola’s organizational structure. The company has a complex and dynamic structure that constantly evolves to meet the changing needs of the business. You may also like James L. Dolan’s Net Worth.
Inception
Coca-Cola came into existence in the late 19th century. John Stith Pemberton founded the company. He initially planned to use cola as a medicinal substance, which helps the digestion of food. It was 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 few people were impressed. Unfortunately, John Stith Pemberton died, but before his death, he had given the shares of his company to various businessmen.
One of the businessmen to whom he sold most of his shares was Asa G. Candler. Candler became the main man who led the company to great heights. They started selling it in a soda fountain outside Atlanta. The company was growing exponentially and to deal with the demands of the public, they decided to sell the bottled beverage.
Joseph Biedenharn became the first person to sell the Coca-Cola unit in bottles. They also acquired a bottler manufacturing right and soon started their bottle manufacturing firm. As the popularity was skyrocketing, they began rolling bottles in various sizes and with very unique designs.
In 1970, Coca-Cola launched its first advertisement on television. After the successful introduction and beginning, the advertisements had given them great success.
CocaCola Assets 2024
- CocaCola total assets for the quarter ending September 30, 2024 were $106.266 Billion.
- Coca Cola total assets for 2023 were $97.703 Billion.
- Coca Cola total assets for 2022 were $92.763 Billion.
- Coca Cola total assets for 2021 were $94.354 Billion.
- Coca Cola total assets for 2020 were $87.296 Billion.
- Coca Cola total assets for 2019 were $86.381 Billion.
| Year | Assets (Millions of US $) |
|---|---|
| 2023 | $97,703 |
| 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 has been one of the highest-selling carbonated beverage drinks in the world. It has no competitors in the market. After the company’s success, it 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 a few decades of debate and discussion, Coca-Cola finally merged with the Indian beverage company Thumbs Up. It is a massive success, and nowadays, in India, Thumbs Up is the most successful beverage. They also bought a company named Bart’s. Barq’s is a non-alcoholic beverage company.
Adding the Odwalla brand to Coca-Cola was considered one of the biggest deals. They sell every kind of beverage, like smoothies, fruit juice, bars, and many more. Coca-Cola has also acquired a few other drinks and tea manufacturing companies.
Coca Cola Net Income 2024
- CocaCola net income for the quarter ending September 30, 2024 was $2.848 Billion.
- CocaCola net income for the twelve months ending September 30, 2024 was $10.409 Billion.
- Coca Cola annual net income for 2023 was $10.714 Billion.
- Coca Cola annual net income for 2022 was $9.542 Billion.
- Coca Cola annual net income for 2021 was $9.771 Billion.
- Coca Cola annual net income for 2020 was $7.747 Billion.
- Coca Cola annual net income for 2019 was $8.92 Billion.
| CocaCola Annual Net Income | (Millions of US $) |
| 2023 | $10.714 |
| 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 in the world. It is the seventh-raked company in the world, trailing behind some of the multi-millionaire companies 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 its success and popularity, Coca-Cola is a giant. It was also named the most valuable company in 2010 by Forbes.
Conclusion
To conclude, we can say that Coca-Cola is a phenomenal company and it is very popular all around the world. Everyone wants to enjoy their evening with a glass of coke, from kids to adults. The company is at its peak nowadays, and there is no stopping it.
FAQs
Coca-Cola’s total net worth is around $270.64 billion.
Coca-Cola was founded in 1892 in Atlanta, Georgia, United States
Coca-Cola‘s founder’s name is Asa Griggs Candler.
Coca Cola revenue for the twelve months ending Sept 30, 2024 was $10.409 Billion.
Coca Cola PE ratio as of Nov 22, 2024 is 22.19.
