Billionaire Profile

Global Rank

#1602

Image: Public domain | via Wikimedia Commons

Richard Sands

CEO, Constellation Brands

Real-Time Net Worth

$2.5B

As of December 2025

Age

Source

Liquor

Industry

food-beverage

Citizenship

Biography

Richard Sands, an American billionaire, has significantly impacted the Fortune 500 liquor industry as Chairman of Constellation Brands. Born around 1950, he continues the legacy of his father, Marvin Sands, who founded the Canandaigua Wine Company in 1945. Richard's career has been marked by strategic acquisitions, including Robert Mondavi and Svedka Vodka, as well as securing U.S. rights to Grupo Modelo's beer portfolio, which includes Corona and Modelo. His net worth is estimated to be $2.5 billion, with his wealth primarily stemming from the Liquor industry. Sands holds a Doctorate from the University of North Carolina and a Bachelor of Arts/Science from the University of Vermont. He resides in Delray Beach, Florida, and is known for his philanthropic efforts.

Wealth Over Time

Portfolio Holdings

Constellation Brands

In-Depth Profile

Early Life

Richard Sands, born in 1950 or 1951, comes from a family with deep roots in the beverage industry. His father, Marvin Sands, founded the Canandaigua Wine Company in 1945, which later became part of Constellation Brands. Richard grew up in this environment, laying the groundwork for his future career.

Rise to Success

Richard Sands joined Constellation Brands in 1979. Over the years, he held various key positions, including CEO from 1993 to 2007. He served as Chairman from 1999 to 2018, and is now a non-management director. Under his leadership, Constellation Brands expanded significantly through acquisitions. The company acquired Robert Mondavi wine and Svedka Vodka, and secured the U.S. rights to Grupo Modelo's beer business, including the Corona and Modelo brands.

Key Business Strategies

Constellation Brands has a history of strategic acquisitions, which drove its growth and market position. The company's strategic advantages include a strong brand portfolio, effective marketing, and the ability to adapt to changing consumer preferences.

Philanthropy

Richard Sands and his family are known for their philanthropic efforts. In 2016, they made a $61 million donation to the Rochester Area Community Foundation.

Career Milestones

1979

Joined Constellation Brands

Began his career at Constellation Brands.

1993

CEO of Constellation Brands

Became the CEO, overseeing domestic and worldwide operations.

1999-2018

Chairman of the Board

Served as Chairman of Constellation Brands.

2013

Acquired U.S. Rights to Grupo Modelo Beers

Acquired the U.S. rights to Grupo Modelo's beer business, including Corona and Modelo.

Philanthropy & Social Impact

Community Development

Rochester Area Community Foundation Donation

$61M

Donated to the Rochester Area Community Foundation.