If you're a person who fancies looking into new ventures, then Prime Drink's net worth may interest you. The Prime Drink line came out in Jan 2022 and sold out in less than four hours. That alone shows how customers anticipated getting their hands on this energy beverage. So, what is Prime Drink's net worth?
Prime Drink is a product that many did not expect to see as the founders were huge rivals. Logan Paul and KSI, two famous Youtubers, came together to release the drink. Their hope was to compete with major brands like Pepsi, Powerade, and Gatorade. The net worth of Prime Drink is currently estimated to be between $150 and $200 million.
This article will explore more about the drink that has become the talk of the town and what it's worth.
After teasing their fans for a week, Logan Paul and KSI made a special announcement in an Instagram live stream. While many were expecting to hear about another boxing match or an NFT project, the duo introduced a beverage product line.
Prime Drink line came out on 4 January 2022. And it's said to be packed with a high level of amino acids, electrolytes, and antioxidants. The trending energy drink is coconut water-based gluten, caffeine, and sugar-free.
The company rolled out the drink in 5 flavors: tropical punch, lemon-lime, orange, grape, and blue raspberry. You can find the drink on the company's official website or in leading stores. These include Ralph's, Target, GNC, Kroger, Vitamin Shoppe, and Walmart.
What Is Prime Drink's Net Worth?
The net worth of a company is a crucial aspect to know since it shows its stability. As an investor looking to invest in a company, the net worth can indicate whether the investment will be profitable. A net worth analysis also shows the shareholders and employees the trend the company is taking over a specified period.
See also What Is Johnson And Johnson's Net Worth?
Net worth is determined by taking the total value of a company's assets minus its liabilities. When calculating the net worth of a specific company, you must also consider its intangible assets, if applicable. These include trademarks and goodwill patents, amongst others. And they should also be subtracted from the total assets.
The net worth of Prime Hydration currently stands in the region of $150 to $200 million.
While the drink has exploded in popularity, the two founders are yet to reveal their manufacturer partner. But the revenue has been derived from the sale of the drink, which retails at $1.99 per bottle. You can also purchase a crate for $29.99, regardless of the flavor.
The Prime Drink line has shot up into popularity, exceeding what the founders had expected. Seeing the launch stock sold out in less than four hours tells you that Prime Drink's net worth is worth a look.
However, the company promises to restock the drink in the near future. Hence, you can rest assured you'll soon find the beverage on the shelves in a store near you. And with Prime Drink's net worth estimated to be between $150 and $200 million, this beverage is set to reach the stars.