R ichard Sands is an American billionaire who, along with his brother Robert Sands, is a key member of the family that controls the alcohol and beverage giant, Constellation Brands. He is the son of the company's late founder, Marvin Sands. He has been deeply involved in the family business for his entire career, serving as the company's longtime chairman and CEO for many years. He was the architect of the company's transformation from a regional wine producer into a major global beverage powerhouse.
Under his leadership, Constellation grew dramatically through a series of major acquisitions, including the purchase of the Robert Mondavi wine company and the U.S. rights to the popular Mexican beer brands, Corona and Modelo. The massive success of these beer brands in the U.S. market has been the primary driver of the company's growth and the family's billion-dollar fortune. He has since stepped back from an executive role and now serves as the chairman of the board, while his brother Robert is the CEO.
Advertisement