Richard Sands (born 1950/1951) is an American
billionaire
A billionaire is a person with a net worth of at least one billion (1,000,000,000, i.e., a thousand million) units of a given currency, usually of a major currency such as the United States dollar, euro, or pound sterling. The American busin ...
businessman, and the chairman of
Constellation Brands, a
Fortune 500
The ''Fortune'' 500 is an annual list compiled and published by ''Fortune'' magazine that ranks 500 of the largest United States corporations by total revenue for their respective fiscal years. The list includes publicly held companies, along ...
beer, wine and spirits company founded by his father
Marvin Sands
Marvin L. Sands (1924 – August 28, 1999) was an American businessman, and the founder and CEO of Constellation Brands, a Fortune 500 beer, wine and spirits company.
Early life
Marvin Sands was the son of Mordecai E. Sands, who was a partner in ...
.
Biography
His father, Marvin Sands, founded the Canandaigua Wine Company in 1945, aged 21.
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.
In 2013, it acquired the US rights to
Grupo Modelo
Grupo Modelo is a large brewery in Mexico that exports beer to most countries of the world. Its export brands include ''Corona'', ''Modelo'', and '' Pacífico''. Grupo Modelo also brews brands that are intended solely for the domestic Mexican m ...
beers including Modelo and
Corona.
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.
Personal life
Sands lives in
Canandaigua, New York.
References
{{DEFAULTSORT:Sands, Richard
Living people
1950s births
American billionaires
People from Canandaigua, New York
American chief executives of food industry companies
American people of Jewish descent