Rodney Sacks

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Rodney Sacks
Born Rodney Cyril Sacks
1949/1950 (age 68–69)[1]
South Africa
Residence Laguna Beach, CA, US
Nationality South African
Alma mater Wits University
Occupation Chairman and CEO, Monster Beverage
Salary $10,434,988 (total compensation, 2015)[2]
Net worth $2 billion (August 2018)[1]
Relatives Leslie Sacks (brother)
Ze'ev Bielski (brother-in-law)
Adi Bielski (niece)

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

Early life[edit]

Rodney Cyril Sacks[3] was born and grew up in South Africa. His parents were Lithuanian-Jewish immigrants.[4] 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.[5]

Career[edit]

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.[5] In August 1989, Sacks emigrated to California with his family, having spent nearly 20 years with Werksmans and rising to become a senior partner.[5]

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.[5]

Personal life[edit]

Sacks and his family emigrated from South Africa to California in 1989.[5] His sister Caron Sacks is married to Israeli politician Ze'ev Bielski[6][7] and his brother was art collector Leslie Sacks.[7]

References[edit]

  1. ^ a b "Profile: Rodney Sacks". Forbes. Retrieved 2018-08-31.
  2. ^ "Rodney C. Sacks H.Dip.Law, H.Dip.Tax". Bloomberg. Retrieved 4 March 2015.
  3. ^ White, Ronald D. (29 June 2014). "A thirst for energy drinks is juicing Monster Beverage's sales". LA Times. Retrieved 4 March 2015.
  4. ^ "Obituaries: Leslie Sacks". Jewish Journal. Oct 23, 2013.
  5. ^ a b c d e "Rodney Sacks Chairman and Chief Executive Officer, Monster Beverage Corporation". Beverageforum.com. Retrieved 4 March 2015.
  6. ^ Jerusalem Post: "Grapevine: US politicians flock to visit - Sculpture garden dedicated at Ariel University Center, and youth essay contest launched" By GREER FAY CASHMAN August 25, 2009 | "The garden was donated by Bielski's brother-in-law Leslie Sacks of Los Angeles in memory of his father Wolfe (Harry) Zev Sacks. Leslie Sacks, his mother, sister Caron and other family members..."
  7. ^ a b One Long House: Wolfe Sacks Archived 2015-05-01 at the Wayback Machine. retrieved April 29, 2015