Rodney Sacks
Laguna Beach, California
Law Degree, University of Witwatersrand
United States
energy drinks, Self Made
$2,100,000,000
1227
#1227 Billionaires 2019
Rodney Sacks is chairman and CEO of energy drink maker Monster Beverage Corporation.Sacks and his business partner Hilton Schlosberg, Monster's CFO, are native South Africans. They bought drinks company Hansen Natural in 1992.Hansen's Natural launched the Monster brand energy drink in 2002, and the company changed its name to Monster Beverage in 2012.In June 2015 Coca-Cola bought a 16.7% stake in Monster Beverage for $2.15 billion in cash and opened its global distribution arm to Monster. In 2018, Coca-Cola decided to develop two energy drinks, a move that has reportedly caused the companies to go into arbitration.
Before his involvement at 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.
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