Richard Sands (businessman)
Richard Sands (born 1950/1951) is an American billionaire businessman, and the chairman of Constellation Brands, a Fortune 500 beer, wine and spirits company founded by his father Marvin Sands.
Richard Sands | |
|---|---|
| Born | 1950/1951 (age 69–70)[1] |
| Nationality | American |
| Occupation | businessman |
| Net worth | US$3.3 billion[1] |
| Title | Vice Chairman, Constellation Brands[2] |
| Spouse(s) | Jessica Nancy Zingesser |
| Parent(s) | Marvin Sands |
| Relatives | Rob Sands (brother) |
Biography
His father, Marvin Sands, founded the Canandaigua Wine Company in 1945, aged 21.[3] By 1980, its annual sales topped $50 million, and was renamed Constellation Brands in 2000, and has acquired numerous companies including Robert Mondavi wine and Svedka vodka.[3] In 2013, it acquired the US rights to Grupo Modelo beers including Modelo and Corona.[3]
In 2016, along with his brother and mother, "Mickey", donated $61 million to the Rochester Area Community Foundation, the single largest gift in its history.[4]
Personal life
Sands lives in Canandaigua, New York.[1]
References
- "Forbes profile: Richard Sands". Forbes. Retrieved 14 April 2018.
- "Fiscal Year 2019 Summary Annual Report" (PDF). Constellation Brands. p. 4. Retrieved 11 September 2019.
- Kirsch, Noah. "How Two Brothers Built Their Family Wine Business Into A $40 Billion Alcohol Empire". forbes.com. Retrieved 14 April 2018.
- "Sands family gift is largest in history of Rochester Area Community Foundation". WHAM-TV. February 9, 2016.
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