Rodney Sachs net worth
Rodney Sack Net Worth: Rodney Sacks is an American businessman with a net worth of $1 billion. Rodney Sacks is Chairman and Chief Executive Officer of Monster Beverage Corporation. Sacks served as Chief Financial Officer of Hansen Natural Corp. from 1990 to 1996 and became Chairman and Director in June 1992.
Monster Beverage Corporation manufactures energy drinks, juice drinks and natural soft drinks. Their products include Monster Energy, Hansen’s Energy, Hubert’s Lemonade, Hansen’s Natural Soda, Peace Tea and Blue Sky. Monster reportedly owned a 35 percent stake in the $32 billion energy drink market in 2012. Coca-Cola acquired a 16.7% stake in Monster in August 2014, forming a long-term partnership. Monster Beverage Corporation had 2013 revenue of $2.25 billion. In 2013, Rodney Sacks’ salary was $550,000. The bulk of his compensation came from option awards in excess of $5 million, and he earned more than $6 million in total compensation. In January 2014, Sacks, along with Monster President and Vice Chairman Hilton Schlosberg, sold 200,000 shares of Monster for more than $13 million.
