Richard Sands
Source of wealth: Liquor
...
...
The scale of their wealth
Health
The price of life
Let's compare Richard Sands's fortune with the healthcare spending of a massive country
Richard Sands could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 1.2 years.
But even if we compare their fortune with that of a rich country
On the other end, Richard Sands could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.5 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Richard Sands could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 0.8 years.
And yes, we can also compare it with a rich country
But they couldn't just cover the cost of a poor country; Luxembourg is considered the country with the highest per capita investment in education in the world, and Richard Sands could pay for it entirely for 1.0 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Richard Sands could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 4.4 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Richard Sands with Israel, the country that invests the most per capita in research in the world, they could cover the total cost of the system for 0.1 years.
Gold
Everyday luxuries
Richard Sands's fortune is equivalent to 18 tons of gold. It's hard to process, since we don't usually keep a handful of gold bars in our piggy banks.
A standard gold ring usually weighs between 4 and 7 grams. Let's say this one weighs 5 grams. It's usually 18 karats.
Based on today's gold price (excluding the jeweler's commission, shipping, or anything else), that ring would be worth $546.86.
Richard Sands could buy 4,765,609 gold rings. That's a lot of fingers and way too many gifts!!
And if you're struggling to visualize that many rings, it would take 1 trucks to transport them. Although Richard Sands will almost certainly have enough money left over to pay for the gas.
Biography
Richard and Robert Sands' father, Marvin, founded a humble wine business in 1945 at age 21.
That small operation has ballooned into a publicly traded behemoth now called Constellation Brands, which generates nearly $10 billion in annual revenue.
The company is known for its relentless streak of acquisitions. Subsidiaries include Robert Mondavi wine and Svedka Vodka.
Constellation also holds the rights to Grupo Modelo's U.S. beer business, including its Modelo and Corona labels.
Richard Sands, who joined the company in 1979, was CEO from 1993 to 2007. He served as chairman from 1999 to 2018 and is now a non-management director.
The family (including niece Abigail Bennett and nephew Zachary Stern) received $1.5 billion (pre-tax) of cash to give up its enhanced voting power in 2022.
Financial Assets
Monthly wealth history
Fortune comparison
Historical data not available for comparison