RODNEY SACKS
CHAIRMAN, CO-CEO
MONSTER BEVERAGE CORP.
HILTON SCHLOSBERG
VICE CHAIRMAN, CO-CEO
MONSTER BEVERAGE CORP.
THE MONEY: Local residents who are main shareholders and run Corona-based Monster Beverage Corp.
THE NUMBERS: Schlosberg had an 7.4% stake while Sacks is at 7.2%, according to Monsterโs latest proxy statement in April. The company was valued at about $50B as of mid-July.
KEY METRIC: Monsterโs shares are down around 10% year-over-year.
BIG BREAK: Immigrants from South Africa, entered the beverage business in 1992 with the purchase of Anaheim-based public company Hansen Natural Corp., just as the โNew Ageโ category of waters, flavored drinks and other alternatives to Coke and other sodas were emerging. Energy drinks in particular proved to be a fortune maker. Coca-Cola Co. paid $2.15B for 16.7% of the company in 2015, it now has a 19.6% stake in company.
PORTFOLIO: Beyond beverages, pair is among the areaโs largest private investors in OC commercial real estate, having been involved in office purchases here totaling more than $600M over the past seven years, according to Business Journal data. Part of group that in 2019 bought 2040 Main St., the Irvine office that holds the local headquarters of law firm Knobbe Marten for a reported $130M. Also in 2019, was part of a group that paid $116M for nearby 2211 Michelson office tower.
LOCAL TIES: Sacks has home in Laguna Beach while Schlosberg keeps Big Canyon address.
PHILANTHROPY: Monster Energy Cares Foundation supports active duty, injured and retired military personnel, Monster athletes and their charities, the local community and first responders.