Richard Sands
About Richard Sands
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 nearly $10 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 Sands, who joined the company in 1979, was CEO from 1993 to 2007. He served as chairman from 1999 to 2018 and is now a non-management director.
The family (including niece Abigail Bennett and nephew Zachary Stern) received $1.5 billion (pre-tax) of cash to give up its enhanced voting power in 2022.
Personal stats
Citizenship
United States of AmericaSource of wealth
LiquorResidence
Delray Beach, FloridaBirth date
03/03/51 (age 73)Education
Doctorate, University of North Carolina; Bachelor of Arts/Science, University of VermontSelf-made
inherited and growingRichard Sands’s fortune is worth
troy ounces of gold
median U.S. household
median U.S. income
U.S. credit card volume
GDP of the United States
United States debt
Net worth history
Annual ranking
Did you know?
In 2018, Constellation Brands announced a $4 billion investment in Toronto-listed cannabis firm Canopy Growth, in exchange for a 38% stake.
Net worth over time
Real-time ranking
Financial assets
NYSE | STZ-US
Constellation Brands, Class ANYSE | STZ-US
Constellation Brands, Class ANYSE | STZ-US
Constellation Brands, Class ANYSE | STZ-US
Constellation Brands, Class ANYSE | STZ-US
Constellation Brands, Class ANYSE | STZ-US
Constellation Brands, Class ANYSE | STZ.B-US
Constellation Brands, Class BImages © Forbes.com. All rights reserved.