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Colombian soft-drinks billionaire bubbles up in wealth

Monday, November 12, 2012

Six decades ago, as a recent college graduate working for his father-in-law’s soft-drinks company, Carlos Ardila Lulle came up with a fizzy, pink, apple-flavored concoction that started outselling all of their other products.

The rose-colored soda has become the centerpiece of Ardila’s closely held Postobon, Colombia’s largest soft- drinks maker with annual sales of $1.1 billion.

Ardila also owns Colombia’s biggest sugar producer, and has interests in glass and metal packaging, media and car dealerships, making the 82- year-old tycoon worth $7.4 billion.

Source: Bloomberg