Rodney Sacks’s profile picture

Rodney Sacks

Rodney Sacks’s profile picture
Net worth 2018: $1.77 Billion
Residence: Laguna Beach, California
Country: United States
BirthDay: 1949
BIOGRAPHY

Rodney Sacks was bornon 1949 in Laguna Beach, California, United States. Rodney Sacks is #1229 in List Billionaires People In The World. Rodney Sacks is one half of the billionaire duo running Monster Beverage, which makes an energy drink that competes with Red Bull and Rockstar Energy. Sacks is Monster's longtime chairman and chief executive, while Hilton Schlosberg is the vice-chairman, CFO and COO. The two South African natives started running the company together in 1990, and have made lots of acquisitions along the way. Among the most significant was the 1992 purchase of soda maker Hansen's Natural, back when it was small-time operation. In 2002, the company introduced its marquee product, Monster Energy; ten years later, the business changed its name from Hansen Natural Corp. to Monster Beverage. In August 2014 Coca-Cola bought a 16.7% stake in Monster and agreed to partner on its energy drink business.

NET WORTH STATISTIC
2015

$1.5 Billion

2016

$1.4 Billion

2017

$1.4 Billion

2018

$1.77 Billion

TIMELINE
Rodney Cyril Sacks (born 1949/50) is a South African billionaire businessman, chairman and CEO of Monster Beverage since 1990.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.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.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.
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