|Net Worth:||$124 Million|
|Birthday:||Jun 15, 1961|
|Age:||60 years old|
|Height:||5.7 feet (173cm)|
|Birthplace:||United States of America|
|Last Updated:||September, 2021|
Jack Owoc is a 60 years old American businessman, entrepreneur, operational manager, business planner and product consumer coach. As of the recent report of September 2021, he has a net of $124 million.
Jack is the sitting chief executive officer of Vital Pharmaceuticals and operational managing director of the famous beverage company Bang Energy. He has an experienced history in negotiations, business planning and consumer products.
Let’s uncover some interesting facts about Jack along with his lifestyle, and look deep into his career that how he has become a self-made millionaire.
How Did Jack Owoc Become Rich?
Jack Owoc is a Florida Atlantic University graduate. In 1993, with a business administration qualification background, he launched his beverage company Vital pharmaceutical. The company manufactures performance beverages and sports supplements under his brand VPX. Later in 2011, it introduced Bang, a low sugar carbonated energy drink. Soon the newly flavored energy drink became the 5th best-selling product across the United States. The product demands increased day by day and the brand got listed among the 4th best selling product. By then, the company had a staggering annual revenue of $1 million.
Three years after, the company announced another newly caffeine-free flavored beverage, using alanine instead of caffeine, Redline, Noo Fuzion and Meltdown.
These variants also proved to be a milestone achieved in the race of consumer products in the open market of the United States and helped to generate extensive worth.
Slowly and gradually his company growth touched the highest products sale and he won the battle of open market product sales. He made the time perfect rather than to wait and introduced new products into the market, which include a liquid capsule dietary supplement as a fat burner Bang ThermIQ, an alcoholic drink with no caffeine contain Bang MIXX Hard Seltzer and Bang Sweet Tea. These products soon became famous and collected a greater worth for him and for his company.
With the passage of time, his beverage company opened a manufacturing facility in Arizona and Phoenix. He started working with famous brands, in a very short time he was able to earn millions of dollars after signing contracts with these brands.
On 3rd April 2020, his beverage company Vital Pharmaceuticals VPX entered an exclusive distribution contract with PepsiCo. The distribution agreement has a time period of three years. In the mentioned years, the companies are responsible to distribute, manufacture and promote their product along with each other.
As of 2020, the energy drink Bang is the 3rd highest-selling energy drink in the United States, after Red Bull and Monster. The Bang Energy generated millions of dollars for his beverage company and also helped his wealth flew into the high.
Owoc still pursues his professional career as a successful entrepreneur with high prestige. With his top-notch professionalism, his name tops the list of the self-made millionaires.
What Is Jack Owoc Net Worth?
As of the recent report of September 2021, Owoc has a net worth of $124 million. Jack made such an extensive and greater worth from his primary source as a business executive. He is the CEO of his beverage company Vital Pharmaceuticals VPX, the company famous carbonated energy drink Bang, is the third highest-selling energy drink in the United States after Monster and Red Bull. As a sitting Chief Executive Officer of the beverage giant, he earns a projected amount of $10 million.
VPX also produces different variants of drinks under the Brand of Bang which includes Redline energy drink, Band Keto Coffee, Bang MIXX hard Seltzer, Power Rush, Bang Shots, Natural Bang, Low Sugar Carbonated drinks, Sport workout drinks and various flavored cold coffees.
Jack is also a professional business enterpriser and has been teaching in different institutions. He gets highly paid for his lectures, which ultimately are a handsome addition to his ever-growing net worth. To date, he has reportedly earned $.0.5 million for his lectures.
Needless to say, a sheer part of his income comes from his managerial affiliations with different brands. He works with famous brands as an operational manager and business planners such as Arizona and Phoenix. Given his experience and expertise, he gets handsomely paid. Reports suggest that he earns $2 million as his annual salary. Of course, this is another worthwhile addition to his net worth.
How Jack Owoc Spends His Money?
It is beyond the shadow of a doubt that Jack Owoc is living a luxurious and lavish life with his family in a deluxe house in Florida. His house contains 6 bedrooms, which is adjusted into 2.5 acres and has an estimated cost of $4 million.
In practical life, he is a hardworking person and always busy with his entrepreneurial schedules. Whenever he gets free time, he loves to spend it with his family. He has a hobby of traveling along with his wife Meg Liz, with whom he has tied the knot after being in one year of relation.
He is a nature-loving person and is fighting in the first row against Global Warming and Climate change. He always trying to save the planet from being populated, his company is planning to reduce the use of plastic from 30% to 3% and to make 90% recyclable its product packing.
Jack is been able to make a good collection of luxurious cars in his garage. He owns 2021 BMW X6, 2021 Porsche Macan, Audi A4 Sedan and Toyota C- but he personally likes to drive 2021 Honda Accord which has an estimated cost of $36,800.
- Jack Owoc is a vocal supporter of Donald Trump.
- He spent nearly $3 million supporting Trump’s reelection campaign.
- Jack’s company was among those who gave a donation of $5 million to the America First Action in Trump’s regime.
- He has made an agreement of $52 million with Arizona and phoenix for manufacturing and distribution facilities.
- His wife is a professional marketing leader and leads a team of 70 marketing professionals at Bang Energy headquarter.
- Recently, he gifted a house to his wife, which has a cost $7.7 million.
- His company, Vital Pharmaceuticals VPX has adjusted into 846,677 square feet of factories and distribution plants.