Rank #1441
Robert Sands
Net worth $2.9B
Liquor · United States
- Born
- Jun 10, 1958
- Age
- 67
- Source
- Liquor
- Residence
- Delray Beach, Florida
- Citizenship
- United States
- Marital status
- Married
- Children
- 0
- Education
- Law Degree, Pace University; Bachelor of Arts/Science, Skidmore College
Net worth over time
Biography
- Robert and Richard Sands' father, Marvin, founded a humble wine business in 1945 at age 21.
- That small operation has mushroomed into a publicly-traded behemoth now called Constellation Brands, which generates nearly $10 billion in annual revenue.
- Robert Sands, who joined the company in 1986 as general counsel, was CEO from 2007 until March 2019. He is now a non-management director.
- The company is known for its relentless streak of acquisitions. Subsidiaries include Robert Mondavi wine and Svedka Vodka.
- Constellation also holds the rights to Grupo Modelo's U.S. beer business, including its Modelo and Corona labels.
- The family (including niece Abigail Bennett and nephew Zachary Stern) received $1.5 billion (pre-tax) of cash to give up its enhanced voting power in 2022.
- In 2018, Constellation Brands announced a $4 billion investment in Toronto-listed cannabis firm Canopy Growth, in exchange for a 38% stake.
Financial assets
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