Who Is Rodney Sacks?

Rodney Sacks is both the Chairman and the CEO of Monster Beverage Corporation. However, he isn't a newcomer to those positions. After all, Sacks has been both the Chairman and the CEO of said company since 1990. Indeed, it was a consortium headed up by him and Hilton Schlosberg that bought out the then-named Hansen Natural Corporation. Something that should make it very clear that Sacks was already a rich man in those times.

What Is Rodney Sacks' Salary?

In 2020, Sacks was compensated a total of $15,563,685 by Monster Beverage Corporation. Just a small portion of this came from his cash-based compensation, which consisted of $934,615 in base salary plus $2,027,766 in bonus and other non-equity-based compensation. Most of the rest came from Sacks' equity-based compensation. Out of $12,505,247, most came from the stock awards of $8,905,549 while the remainder came from the option awards of $3,599,698. Besides these numbers, Sacks also received $96,057 from other forms of compensation.

On the whole, Sacks' compensation in 2020 was higher than his compensation in either 2019 or 2018. For comparison, he received $13,982,434 in 2019 and $13,914,931 in 2018. Curiously, most of the differences can be found in a couple of things. One, Sacks received a higher proportion of stocks to options in 2020 than in either 2019 or 2018. Two, he received quite a bit more in bonus and other non-equity-based compensation in 2020, which was responsible for most of the difference in his compensation in those years.

What Is Rodney Sacks' Net Worth?

It isn't clear what Sacks' net worth is. There are a number of estimates out there, which see considerable variation. For example, one says at least $611 million while another says approximately $1 billion. On top of this, there is one estimate that says that Sacks' net worth is approximately $2.9 billion.

The first estimate isn't particularly good, though it is quite honest about acknowledging this. In short, it is based on the Monster Beverage Corporation shares that Sacks owns as well as the Monster Beverage Corporation shares that Sacks has sold, which is rather incomplete to say the least. Instead, chances are good that the last estimate is more useful. In part, this is because there seems to be a common consensus that Sacks is a billionaire. However, it should also be mentioned that the estimate of $2.9 billion comes from Fortune, which tends to be well-regarded on these matters.

What Do We Know about Rodney Sacks' Personal Life?

Sacks was born in South Africa. However, it is interesting to note that his family have a Lithuanian-Jewish background. Sacks started out as a lawyer, with the result that he spent almost 20 years at South Africa's single largest corporate law firm before he emigrated to the United States with the rest of his family in 1989. Some of Sacks' family members are notable in their own right. For example, his brother Leslie Sacks was a LA-based art dealer and art collector. Similarly, his sister Caron Sacks is married to an Israeli politician, with whom she has a daughter named Adi Bielski who has become both a theatre and a movie actress.