Bang Billionaire’s Empire of Caffeine Crashes Into Bankruptcy
- The energy-drink company seeks path from legal debts
- CEO Owoc says firm will keep operating with new distributors
Bang Energy beverages in New York.
Photographer: Jeenah Moon/BloombergThis article is for subscribers only.
It should have been a weekend of celebration for billionaire Jack Owoc.
On Instagram, he blew out the candles atop a massive birthday cake dedicated to his blockbuster product, Bang Energy. On TikTok rolled a medley of videos showing women clutching cans of the drink and of Owoc, crowdsurfing and pumping his fists in the air.