Georgios Frangulis, currently in the limelight for dating tennis star Aryna Sabalenka, is a multi-millionaire who has amassed wealth from his successful entrepreneurship.
Despite studying law, Sabalenka’s boyfriend, Georgios, pursued his career in business. In this regard, he once told Forbes, “I always knew I wouldn’t be a lawyer. I thought law would help me in any field. What I really wanted was to be an entrepreneur.”
The businessman from Brazil started by investing in real estate. After years of struggle, Georgios, in cooperation with his partner Renato Haidar, initiated a venture, a healthy fast-food chain called Oakberry.
Oakberry’s first store was opened at Shopping Cidade de São Paulo around 2017, and as time passed, Georgios internationalized his business, opening branches in several countries.
Today, Georgios Frangulis’s brand, Oakberry, has garnered profound success, contributing significantly to his net worth. According to Yahoo News, Georgios Frangulis’s net worth estimation is between $75 million and $100 million as of 2024.
Brand Oakberry raised $67 million in series C funding in January 2024, eventually contributing to Georgios Frangulis‘ net worth!
Georgios Frangulis and Renato Haidar founded Oakberry, a brand specializing in Acai products that sustainably harvest acai from Brazil’s Amazon Rainforest, packed with abundant energy and antioxidants.
Additionally, according to its official website, it is an all-natural product with organic ingredients, no preservatives, artificial colors, or high fructose corn syrup.
Shortly after its launch, it gained recognition in the superfood market for its all-natural ingredients in products like acai bowls, drinks, snacks, and smoothies.
Further, as of 2024, Oakberry is a fast-growing brand with 700 store outlets across 40 countries worldwide. It opened more than 150 new stores in the United States in 2023 alone.
In addition, according to reports, Oakberry announced that it successfully raised $67 million through a Series C funding round in late 2023.
Likewise, by the end of 2024, the brand expects to have over $200 million in revenue and nearly 1,000 stores worldwide.
Owning such a big brand has significantly contributed to Georgios Frangulis’ multi-million dollar net worth and his wealth is expected to grow with the brand’s continued success.
Additional Information
- Georgios Frangulis was born and raised in San Paolo, Brazil, and he studied law at FAAP (Fundação Armando Alvares Penteado) in 2014, he said in an exclusive conversation with Forbes Brazil in July 2023.
- His brand Oakberry collected its first private round of $17.3 million in 2021 from Monte Bravo and its manager, Kilima Asset, to invest in its fully verticalized operations.
- In January 2024, his girlfriend, Aryna Sabalenka, a well-renowned tennis player with a $20 million net worth, became a brand ambassador for Oakberry.
