What Is GT Dave’s Net Worth?
GT Dave (real name – George Thomas Dave) is the founder and CEO of GT’s Living Foods and has a net worth of $1.1 billion. He was born in 1978 to Michael and Laraine Dave.
Both his parents were followers of the teachings of Indian guru Sathya Sai Baba.
In 1994, his mother was diagnosed with breast cancer.
During her battle with breast cancer, Laraine started to drink kombucha.
Note – kombucha is a fermented tea, which falls under the functional beverage industry.
Proponents of kombucha say it supports liver function, immunity, metabolism, digestion, and more.
After his mom beat the disease, she attributed it to kombucha.
Dave recalled in an interview: ”I became curious and certainly motivated to understand what this bizarre tea was.”
GT’s Kombucha
In 1995, Dave started brewing small batches of kombucha in his parents’ kitchen.
He sold the fermented tea to a local health-food store.
George was 17 at the time.
He said about how his kombucha is made: ”From day one, I tried to emulate a homemade process.”
In December 1997, Dave was selling 30 to 50 cases per day.
His business exploded after he sold his kombucha to Whole Foods Market.
In 2015, George was dubbed the King of Kombucha.
ARTFULLY PHOTOGRAPHER/Shutterstock
In 2018, Dave rebranded his company as GT’s Living Foods. GT explained in an interview: ”The new name of the company was my way of saying we stand for living foods.”
He donated $1 million to Kombucha Brewers International in 2019.
On July 14, 2020, Dave launched his first-ever challenge on TikTok – #UnitedWeDance. GT wrote on his Instagram: ”Dancing always makes me smile!” Dave also wrote: ”Come dance with me on Tik Tok for fun, a month’s supply of GT’s products and a chance to come hang with me at the Kombucha Lair.”
Two weeks later, the challenge garnered more than 3 billion views.
In the same month, it was announced that George is a semifinalist for the Entrepreneur Of The Year® 2020 Awards in Greater LA. Dave said:
”I am humbled and honored to be recognized by EY among this group of inspirational leaders and entrepreneurs.”
In August 2022, Kim Bates joined GT’s Living Foods as CMO. Bates has over two decades of experience in strategic planning and leading marketing.
Husband
George is openly gay.
In 2019, GT Dave got married to Allan Fanucchi in a Hawaiian ceremony.
The wedding was announced in a statement on his company’s Facebook account.
The statement reads: ”On the magical shores of Kauai, they said ‘I do’ to a beautiful life together.”
Children
George welcomed a son named Bloume in April 2021.
Real Estate
Michael Thomas, GT Dave, and Guest – @Getty
In 2019, Dave bought a house in the 90210’s Trousdale Estates enclave for $5.7 million.
The businessman has other properties, including – a Tudor-style mansion in Hollywood, a luxury condo in West Hollywood, and a property on the Hawaiian island of Kauai.
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Quotes
”I always love hearing how Kombucha has changed someone’s life for the better!”
”I drink on average 1 ½ – 2 gallons of Kombucha a day. Moderation is essential in life.”
”I don’t really like to eat with people.”
Trivia
Famous people like Reese Witherspoon, Madonna, and Gwyneth Paltrow have reportedly been spotted drinking Dave’s kombucha.
The first time George tried kombucha (at 13), he didn’t like the taste. GT recalled in an interview: ”I thought it smelled weird. I thought it tasted weird.” He added: ”I thought it looked weird.”
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Net Worth
So, how much is GT Dave worth? Dave earned most of his wealth from managing his company – GT’s Living Foods. Therefore, American businessman GT Dave has an estimated net worth of $1.1 billion.
He owns 100 percent of the nearly billion-dollar company. GT’s Living Foods currently produces more than 1 million bottles per year. Dave was only 17 when he started the company.
GT’s Living Foods owns about 40 percent of the US kombucha market. Some of the GT’s biggest competition are The Humm Kombucha, Brew Dr. Kombucha, and KeVita.
It is thought that the kombucha market could reach $4.7 billion in global sales by 2025.
According to Grand View Research, the global kombucha market size could reach $7.05 billion by 2027.
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I am Bulgarea Candin Stefan, and I founded FamousPeopleToday.com in 2018. I’m using my bachelor’s degree in economics and 9 years of experience in blogging to guide millions of people through the incredibly complex world of celebrity net worths.
Lyn Solomon Linville
Sunday 20th of December 2020
I really love your kombucha. I was just wondering why it has been hard for me to find the seasonal one. Whole Foods does not carry it anymore and the few local stores I frequent does not either. Hopefully you have not discontinued it. Thank you for all your wonderful products. Lyn