Don Vultaggio
Domenick “Don” Vultaggio is an American billionaire businessman, the co-founder of Arizona Beverage Company.
- Arizona Beverages cofounder Don Vultaggio has built his fortune one 99-cent tallboy can of iced tea at a time.
- He got his start in the 1970s selling beer and soda from the back of an old van in Brooklyn’s toughest neighborhoods, where others refused to go.
- In 1992 he went into iced tea, launching Arizona from a Brooklyn warehouse and quickly toppling the competition with taller cans and flashier labels.
- Arizona sells some 3 billion containers of tea, juice, water and alcoholic drinks annually, including its popular green tea and Arnold Palmer lines.
- In 2015 he was ordered to buy out his former friend and partner, John Ferolito, for about $1 billion to settle a lengthy, bitter shareholder dispute.
- In 2019, Arizona partnered with Denver-based cannabis company Dixie Brands to produce THC-infused products.
