⬅ # 460 Thomas Kwok|# 462 Gayle Benson

# 461 Bert Beveridge 

$6.51B

Real Time Net Worth
as of 4/12/2024

# 461 Bert Beveridge 

$6.51B

Real Time Net Worth
as of 4/12/2024
OccupationFounder, Tito's Vodka
Source of WealthVodka
Age62
ResidenceAustin, Texas
Marital StatusMarried
Children3
EducationBS, University of Texas at Austin
Age-Adjusted Net Worth$5.69B
Bert Beveridge
Bert Beveridge
United States
Net worth: $6.51B

Self-Made Score 

Wealth History

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Biography

Early Life

Bert Butler 'Tito' Beveridge II, born in San Antonio, Texas, is the founder of Tito's Handmade Vodka.
Beveridge acquired the nickname 'Tito' during childhood, a diminutive of 'Bertito'.
He attended the University of Texas and was a member of the Kappa Sigma Fraternity.

Career

Beveridge began producing spirits as a hobby, crafting infusions from inexpensive vodka.
Commercial production commenced in 1997 with the establishment of Fifth Generation, Inc. and Mockingbird Distillery.
Initial production yielded 1,000 cases, later expanding to over 160,000 cases by 2007.
Tito's gained traction after winning the Double Gold Medal at the San Francisco World Spirits Competition in 2001.
Sales grew steadily, with Tito's becoming the exclusive vodka served on United Airlines flights from 2013 onwards.

Expansion and Production

Originally crafted in copper pot stills at Texas' first legal distillery, Tito's is now made in a facility boasting ten floor-to-ceiling stills.
Production capacity expanded significantly, with equipment capable of bottling 500 cases per hour.
As of 2016, Tito's recorded a sales volume of approximately 3.8 million 9-liter cases in the United States.
By 2017, it claimed a 7.1% market share of the United States Vodka market.

Philanthropy

Tito's donates net proceeds from its online store to nonprofits.
During the COVID-19 pandemic, Tito's shifted production to industry-approved hand sanitizer.
A $1 million grant was made towards the development of the COVID-19 vaccine Corbevax.

Controversy

Tito's faced false advertising lawsuits in 2014, disputing claims of 'handmade' production.
Lawsuits alleged that Tito's vodka, produced in a large industrial complex, did not meet the dictionary definition of 'handmade'.
By 2016, the lawsuits were either settled out of court or dismissed.

Tito's Prize

Tito's Vodka sponsors the Tito's Prize, awarding $15,000 annually to an Austin-based artist through Big Medium gallery.
Winners receive a solo exhibition at the Big Medium Gallery at Canopy.
Recipients include Ariel René Jackson, Michael J. Love (2021), Betelhem Makonnen (2019), Steve Parker (2018), and Zack Ingram (2017).

How long would it take you to become as rich as Bert Beveridge?

If you started with $10,000 and invested an additional $500 each month at a 44.18% CAGR, it would take you 5 years to reach Bert Beveridge's net worth of $6.51B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 36.27% compared to 8.51% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Bert Beveridge is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Bert Beveridge, Vodka is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey