What is John Ferolito’s Net Worth?
John Ferolito is an American entrepreneur who has a net worth of $5 million. John Ferolito is greatest recognized for being the co-founder of the Arizona Beverage Company who makes Arizona Iced Tea. In the Nineteen Seventies Ferolito and accomplice Don Vultaggio established a reduction beer and soda supply firm primarily based out of Brooklyn, New York. It centered on flavored seltzer and malt liquor till AriZona Iced Tea was launched in 1992.
In 2012 Vultaggio gained a lawsuit in opposition to Ferolito ruling that the corporate may purchase out John’s half-interest. Ferolito was additionally the goal of one other lawsuit which claimed he was negligent when taking a mulligan at a golf course in New Jersey and struck one other golfer along with his ball which knocked him unconscious. John and his son John Ferolito, Jr. have been feuding with Vultaggio for years over the worth of the corporate. John Jr. was ranked #8 on the checklist of delinquent taxpayers compiled by the state Department of Taxation in Finance in 2014.
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