Rank #1301
Rodney Sacks & family
Net worth $3.3B
Energy drinks · United States
- Born
- Dec 24, 1949
- Age
- 76
- Source
- Energy drinks
- Residence
- Laguna Beach, California
- Citizenship
- United States
- Marital status
- Children
- 0
- Education
- Law Degree, University of Witwatersrand
Net worth over time
Biography
- Rodney Sacks is chairman of energy drink maker Monster Beverage Corporation. He retired as co-CEO in June 2025.
- Sacks and Monster's co-CEO Hilton Schlosberg, are native South Africans. They bought the drink company Hansen Natural in 1992.
- Hansen Natural launched the Monster energy drink brand in 2002, and the company changed its name to Monster Beverage in 2012.
- In 2015, Coca-Cola bought a 16.7% stake in Monster Beverage for $2.15 billion in cash and opened its global distribution network to Monster.
- Coca-Cola and Monster went into arbitration in 2018 after Coca-Cola decided to develop two energy drinks of its own. Coca-Cola ultimately won.
- Before buying what became Monster, Sacks was a senior partner at Werksmans, one of the largest law firms in South Africa.
- Sacks studied law at the University of the Witwatersrand in Johannesburg, South Africa; he later became a U.S. citizen and lives in southern California.
Financial assets
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