Rodney Sacks

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

Rodney Sacks
Born1949/1950 (age 70–71)[1]
South Africa
NationalitySouth African
Alma materWits University
OccupationChairman and CEO, Monster Beverage
Net worth$2 billion (August 2018)[1]
RelativesZe'ev Bielski (brother-in-law)
Adi Bielski (niece)
Leslie Sacks (brother)

Early lifeEdit

Rodney Cyril Sacks[2] was born into a Lithuanian-Jewish family, he grew up in South Africa. His brother was art collector Leslie Sacks.[3] 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.[4]

CareerEdit

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.[4] In August 1989, Sacks emigrated to California with his family, having spent nearly 20 years with Werksmans and rising to become a senior partner.[4]

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.[4]

Personal lifeEdit

Sacks and his family emigrated from South Africa to California in 1989.[4] His sister Caron Sacks is married to Israeli politician Ze'ev Bielski,[5][3] and is the mother of actress Adi Bielski. He is a supporter of Friends of the Israel Defense Forces.[6]

ReferencesEdit

  1. ^ a b "Profile: Rodney Sacks". Forbes. Retrieved 2018-08-31.
  2. ^ White, Ronald D. (29 June 2014). "A thirst for energy drinks is juicing Monster Beverage's sales". LA Times. Retrieved 4 March 2015.
  3. ^ a b One Long House: Wolfe Sacks Archived 2015-05-01 at the Wayback Machine retrieved April 29, 2015
  4. ^ a b c d e "Rodney Sacks Chairman and Chief Executive Officer, Monster Beverage Corporation". Beverageforum.com. Retrieved 4 March 2015.
  5. ^ Cashman, Greer Fay (August 25, 2009). "Grapevine: US politicians flock to visit - Sculpture garden dedicated at Ariel University Center, and youth essay contest launched". Jerusalem Post. 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...
  6. ^ "FIDF Orange County's 2nd annual gala". Orange County Jewish Life. Rodney Sacks was proud to donate gymnasiums to Israel for the IDF, continuing philanthropic efforts through the FIDF.