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
Born1950 or 1951 (age 72–73)[1]
NationalityAmerican
Occupationbusinessman
TitleVice Chairman,
Constellation Brands[2]
SpouseJessica Nancy Zingesser
ParentMarvin Sands
RelativesRob 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

  1. "Forbes profile: Richard Sands". Forbes. Retrieved 14 April 2018.
  2. "Fiscal Year 2019 Summary Annual Report" (PDF). Constellation Brands. p. 4. Retrieved 11 September 2019.
  3. Kirsch, Noah. "How Two Brothers Built Their Family Wine Business Into A $40 Billion Alcohol Empire". forbes.com. Retrieved 14 April 2018.
  4. "Sands family gift is largest in history of Rochester Area Community Foundation". WHAM-TV. February 9, 2016.
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