Coca-Cola is a carbonated drink that was first produced in 1886 as a syrup in a pharmacy, but when the syrup was added to carbonated water, it resulted in what today is widely known as the Coca-Cola drink. It is among one of the best and successful drinks that are there in the world.
History of the ownership of Coca-Cola idea, drink, and name
Basically, coca-cola is a soft drink that is usually carbonated, and it’s produced and manufactured by the Coca-Cola Company. Its history can be traced all the way back from the late 19th century when it was invented that is 1886 by a man known as John Stith Pemberton but later was bought by a businessman going by the name Asa Griggs Candler.
The very first owners of Coca-cola were Dr. Pemberton, who by then was a pharmacist whose work was to develop syrup, which in this case, he created a syrup which, when mixed with carbonated water, made a fantastic soda. His partner was Frank M. Robinson, who was a bookkeeper, and he was responsible for the naming of the drink Coca-Cola. The ownership was passed on to Assa Griggs, who owned the majority shares in the company than through a sale that was in 1888.
Ownership of Coca Cola when it became a company
After Assa Griggs purchased Coca-Cola in 1888, he went on and bought the secret formula and brand in 1889, and he eventually founded the Coca-Cola Company in 1889. From Assa Griggs that is three decades after, the company was sold to a group of businessmen who had their lead leader as Earnest Woodruff. They bought the company for $25 million and proceeded to make it accessible in the New York stock exchange. Earnest Woodruff passed on the presidency of the company to his son, who continued his father’s legacy.
Who currently owns Coca-cola Company?
Since its inception, the ownership of this company has been changing from individuals to shareholders, and recently it does not have central ownership. This means that this company is publicly listed and does not have an individual entitled its own; instead, its ownership cuts across different investors and shareholders in the world.
Despite the fact that it is a publicly listed company, the person with the largest shareholders in the company is an American businessman Warren Buffet. Warren had for 17 years served as a board of directors in the coca-cola company board.
When analyzing the owner of Coca Cola, we deeply look at the individual with the most shares as he is considered as the primary owner of the company. In this case, Coca Cola can be regarded as owned by Warren Buffet majorly and partly by the different shareholders and investors around the world. In addition, it is imperative to note that among the majority shares in this company are owned by institutions and organizations. An example Coca Cola’s ownership is divided roughly among 2, 418 institutions which in percentage covers around 67.45% of the total shares.
