Name
Richard Sands
Richard Sands
Canandaigua, New York
Doctorate, University of North Carolina | Bachelor of Arts/Science, University of Vermont
United States
4
Liquor
$3,000,000,000
838
2
#838 Billionaires 2019
#259 Forbes 400 2018
Richard and Robert Sands' father, Marvin, founded a humble wine business in 1945 at age 21.That small operation has ballooned into a publicly traded behemoth now called Constellation Brands, which generates over $7 billion in annual revenue.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.Richard and Robert, along with their mother, Mickey, donated $61 million to the Rochester Area Community Foundation in 2016.
In August 2018 Constellation Brands announced a $3.8 billion investment in Toronto-listed cannabis firm Canopy Growth, which had annual revenue of just $59 million.
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