Rodney Cyril Sacks (born 1949/50) is an American billionaire businessman, chairman and CEO of Monster Beverage since 1990.
Early life
Rodney Cyril Sacks was born and grew up in South Africa. His parents were Lithuanian-Jewish immigrants. He was educated at University of the Witwatersrand in Johannesburg and graduated with a law degree as well as a postgraduate higher diploma in tax law.
Career
Sacks worked as a lawyer in South Africa, and was the youngest person to be made a partner of Werksmans, the country’s largest corporate law firm. In August 1989, Sacks emigrated to California with his family, having spent nearly 20 years with Werksmans and rising to become a senior partner.
In 1990, a consortium led by Sacks and his fellow South African, Hilton Schlosberg, acquired Hansen Natural Corporation, which in 1992 acquired Hansen’s Natural Soda and Apple Juice for $14.5 million. Since 1990, Sacks has been chairman and CEO of Hansen Natural Corporation, which changed its name to Monster Beverage Corporation in 2012.
Personal life
Sacks and his family emigrated from South Africa to California in 1989. His sister Caron Sacks is married to Israeli politician Ze’ev Bielski and his brother is art collector Leslie Sacks.
Summary
| Rodney Sacks | |
|---|---|
| Born | Rodney Cyril Sacks 1949/1950 (age 66–67) South Africa |
| Residence | Laguna Beach, CA, US |
| Nationality | American |
| Alma mater | Wits University |
| Occupation | Chairman and CEO, Monster Beverage |
| Salary | $10,434,988 (total compensation, 2015) |
| Net worth | $1.62 billion (May 2016) |
| Relatives | Leslie Sacks (brother) Caron Sacks (sister) Ze’ev Bielski (brother-in-law) Adi Bielski (niece) |
Rodney Sacks Net Worth: Rodney Sacks is an American businessman who has a net worth of $1 billion. Rodney Sacks is the Chairman and Chief Executive Officer of Monster Beverage Corporation. Sacks was the Chief Financial Officer of Hansen Natural Corp. from 1990 to 1996 and became the Chairman and Director in Jun 1992. Monster Beverage Corporation manufactures energy drinks, fruit drinks, and natural soft drinks. Their products include Monster Energy, Hansen’s Energy, Hubert’s Lemonade, Hansen’s Natural Soda, Peace Tea, and Blue Sky. Monster was reported to have a holding of 35% of the $32 billion energy drink market in 2012. Coca-Cola acquired a 16.7% stake in Monster in August 2014 with the formation of a long-term partnership. Monster Beverage Corporation had a revenue of $2.25 billion in 2013. In 2013 Rodney Sacks had a salary of $550,000. The majority of his compensation came from option awards at over $5 million and he took home a total compensation of over $6 million. In January 2014 Sacks sold 200,000 shares of Monster for over $13 million along with Monster President and Vice Chairman Hilton Schlosberg.
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