HOW MUCH IS THE Juul company worth?
Juul is now worth $24 billion, down from the $38 billion valuation the company hit after an investment from tobacco maker Altria in December 2018, Markets Insider previously reported. Altria’s $13 billion investment made Bowen and Monsees billionaires, according to Forbes estimates.Click to see full answer. Regarding this, how much money does the Juul company…
Juul is now worth $24 billion, down from the $38 billion valuation the company hit after an investment from tobacco maker Altria in December 2018, Markets Insider previously reported. Altria’s $13 billion investment made Bowen and Monsees billionaires, according to Forbes estimates.Click to see full answer. Regarding this, how much money does the Juul company make?On December 20, 2018, Altria, one of the world’s largest cigarette manufacturers, bought 35% of Juul for $12.8 billion. According to Wells Fargo, the deal valued Juul Labs at $38 billion. At the time, Juul had an annual revenue of about $2 billion.Likewise, how much is the vaping industry worth? The global market is now estimated to be worth $19.3bn (£15.5bn) – up from $6.9bn (£5.5bn) just five years ago. The United States, United Kingdom and France are the biggest markets. Vapers in the three countries spent more than $10bn (£8bn) on smokeless tobacco and vaping products in 2018. Correspondingly, how much are the founders of Juul worth? Based on the investor write-down and the falling valuation, Juul cofounders Adam Bowen and James Monsees—who each own an estimated 1.75% stake in the company—are no longer billionaires. Forbes estimates each cofounder is now worth $900 million.Is it worth getting Juul?JUUL Pods have a very high nicotine concentration by design. Nevertheless, if you don’t already smoke or vape high concentration nicotine e-juice, avoiding the JUUL is probably your best bet. This large amount of nicotine also makes it difficult to quit once you’ve started using the JUUL.
