A PepsiCo franchisee's earnings surprise added over $1 billion to its founder's net worth

Core Insights - Ravi Jaipuria, founder and chairman of RJ Corp., has a significant net worth primarily from Varun Beverages, a PepsiCo franchisee serving over 1 billion customers [2][3]. Financial Performance - Varun Beverages reported third-quarter earnings that exceeded analyst expectations, leading to a 9% increase in share price in one session [3]. - The company's revenue, net income, and earnings per share (EPS) all surpassed forecasts [3]. Market Impact - The 9% increase in shares raised Jaipuria's net worth to $13.7 billion from $12.5 billion, positioning him as the 206th richest person globally [4]. Strategic Developments - Varun Beverages is exploring expansion into the alcoholic beverages sector and has secured an exclusive distribution agreement with Carlsberg [3].