Asa Griggs Candler (December 30, 1851 – March 12, 1929) was an American business tycoon who made his fortune selling Coca-Cola.
Early Life and Career[edit | edit source]
Candler was born in Rome, Georgia. He started his business career as a drugstore owner and manufacturer of patent medicines. In 1887 he bought the formula for Coca-Cola from its inventor, John Pemberton, and several other shareholders for $2,300. The success of Coca-Cola was largely due to Candler's aggressive marketing of the product. Candler made millions of dollars from his investment, allowing him to establish the Central Bank and Trust Corp., invest in real estate, and became a major philanthropist for the Methodist Church.