Z achary Stern is a billionaire heir to the Constellation Brands empire, a Fortune 500 company that is a leading international producer and marketer of beer, wine, and spirits. His grandfather, Marvin Sands, founded the company as a small wine business in 1945, which was later expanded significantly by Zachary's uncles, Robert and Richard Sands. The company is famous for its portfolio which includes Corona, Modelo, and Robert Mondavi wines.
Stern's wealth is derived from the family's substantial holdings in the publicly traded company. In 2022, the Sands family agreed to give up their controlling voting power in exchange for a cash payment of approximately $1.5 billion, while retaining a large equity stake. Although Zachary does not have a high-profile management role like his uncles, he is a significant beneficiary of the multigenerational wealth created by the company's dominance in the US alcohol market.
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Zachary Stern is an American businessman, a shareholder in publicly-traded behemoth Constellation Brands (NYSE: STZ), which generates nearly $10 billion in annual revenue.
His grandfather, Marvin Sands, founded a humble wine business in 1945 at age 21. The company is known for its relentless streak of acquisitions, with subsidiaries including Robert Mondavi wine and Svedka Vodka.
Zachary Stern's wealth is generational, derived from the family's founding stake in Constellation Brands. His structural position is tied to the long-term governance and financial strategy of the company, which holds the lucrative rights to Grupo Modelo's U.S. beer business, including its Modelo and Corona labels.
In 2022, the family received $1.5 billion (pre-tax) of cash to convert its enhanced voting shares to ordinary shares. His uncles, Robert and Richard Sands, are former executives and current board members, and his sister, Abigail Bennett, is also a billionaire.
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Grandfather Marvin Sands founded a humble wine business.
Family received $1.5 billion (pre-tax) for share conversion.
Holds rights to Modelo and Corona labels in the U.S..
Zachary Stern's wealth is concentrated in his family's substantial ownership stake in the publicly traded beverage giant, Constellation Brands.
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0% | $0.00M
-4.22% | -$265.39M
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