Anthony von Mandl is the founder and chief executive of the Mark Anthony Group, an alcoholic drinks producer and the maker of Mike's Hard Lemonade. The Vancouver-based company distributes wines, spirits and beer and has annual sales of about $4 billion. Von Mandl also owns wineries in Canada's Okanagan Valley.
Anthony von Mandl's net worth of $6.73B can buy ...
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The majority of von Mandl's net worth comes from the Mark Anthony Group, a producer, importer and distributor of alcoholic beverages.
Mark Anthony Group had sales of $4 billion in 2020, according to information provided by the company to Bloomberg News. It's assumed that the company's 2021 revenues were the same based on its stable share of the U.S. market according to data analytics company Information Resources, Inc. It's valued using the enterprise value-to-sales multiple of three publicly traded peers: Boston Beer Co, Molson Coors Beverage Co and Heineken NV.
Von Mandl also owns at least six wineries in the Okanagan Valley, a wine-growing region in British Columbia, as well as additional vineyards. The calculation is based on the wineries appraised values, according to local tax records, while an estimated additional 1,000 acres of vineyards are valued at C$300,000 per acre based on a discussion with local real estate professionals Jerry Geen and Elya Byrne in May 2022.
Anthony von Mandl was born in Vancouver, Canada in 1950.
He started a wine-importing business, which later became the Mark Anthony Group, in 1972 after finishing college. In 1981, he bought his first winery in the Okanagan Valley, Canada where he began producing wines as well as ciders. He acquired at least six wineries in the region.
In the 1980s, he bought the rights to import Corona beer into Canada after noticing its popularity in the U.S.
In 1996, he introduced Mike's Hard Lemonade after realizing that many men felt compelled to drink beer even though they didn't like the taste. The product was popular and soon introduced to the U.S. Another of the group's most successful products, White Claw hard seltzer, was introduced in 2016.