Let’s get straight into it and find this out in this article. We back athletes so they can make careers out of their passions. We track celebrity net worth so you don't have to. The Investor Relations website contains information about Monster Energy Company's business for stockholders, potential investors, and financial analysts. Monster Energy is an energy drink that was introduced by Hansen Natural Company (now Monster Beverage Corporation) in April of 2002. The decrease in operating expenses was primarily due to decreased expenditures of $38.3 million for sponsorship and endorsements and decreased expenditures of $19.6 million for travel and entertainment, each largely as a consequence of the COVID-19 pandemic, as well as decreased expenditures of $10.7 million related to the costs associated with distributor terminations. Gross sales is not a measure that is recognized under accounting principles generally accepted in the United States of America (“GAAP”) and should not be considered as an alternative to net sales, which is determined in accordance with GAAP, and should not be used alone as an indicator of operating performance in place of net sales. Monster Beverage CorporationBased in Corona, California, Monster Beverage Corporation is a holding company and conducts no operating business except through its consolidated subsidiaries. DeJoria drives a Toyota Camry for Kalitta Motorsports, sponsored by Patron Spirits Company. MONSTER BEVERAGE CORPORATION AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETSAS OF SEPTEMBER 30, 2020 AND DECEMBER 31, 2019(In Thousands, Except Par Value) (Unaudited). The Company is continually addressing its aluminum can requirements given the Company’s volume growth and the current supply constraints in the aluminum can industry.As of September 30, 2020, the Company had $1.07 billion in cash and cash equivalents, $599.3 million in short-term investments and $20.6 million in long-term investments. Monster was born in Hsinchu, Taiwan on Sunday, November 28, 1976. Daniel Suarez’s birth took place on January 7, 1992, in Monterrey, Nuevo León, Mexico. As of 2020, Katelynn Ansari’s net worth is $100,000 - $1M. Lauda is considered by some as one of the best F1 drivers of all time. He quickly made a name for himself in the racing industry and after eleven years in the drag racing world, he left it behind to run his father’s business, Schumacher Electric, in Chicago. 3Excludes Other segment net sales of $8.6 million and $5.9 million for the three-months ended September 30, 2020 and 2019, respectively, comprised of net sales of AFF Third-Party Products to independent third-party customers, as these sales do not have unit case equivalents. Reddit. Daniel Suarez – Bio, Age, Family, Education. The Company’s subsidiaries develop and market energy drinks, including Monster Energy® energy drinks, Monster Energy Ultra® energy drinks, Monster MAXX® maximum strength energy drinks, Java Monster® non-carbonated coffee + energy drinks, Espresso Monster® non-carbonated espresso + energy drinks, Monster Rehab® non-carbonated tea + energy drinks, Muscle Monster® non-carbonated energy shakes, Monster Hydro® non-carbonated refreshment + energy drinks, Monster HydroSport Super Fuel® non-carbonated advanced hydration + energy drinks, Monster Dragon Tea® non-carbonated energy teas, Reign Total Body Fuel® high performance energy drinks, Reign Inferno® thermogenic fuel high performance energy drinks, NOS® energy drinks, Full Throttle® energy drinks, Burn® energy drinks, Samurai® energy drinks, Relentless® energy drinks, Mother® energy drinks, Play® and Power Play® (stylized) energy drinks, BU® energy drinks, Nalu® energy drinks, BPM® energy drinks, Gladiator® energy drinks, Ultra Energy® energy drinks, Live+® energy drinks, Predator® energy drinks and Fury® energy drinks. We strive to create immersive and authentic experiences that inspire. Includes $0.2 million and $11.0 million for the nine-months ended September 30, 2020 and 2019, respectively, related to distributor termination costs. Monster Beverage net income for the quarter ending September 30, 2020 was $0.348B, a 16.3% increase year-over-year. Due to the uncertainty surrounding the COVID-19 pandemic, the Company is unable to estimate in which future periods, if any, such deferred sponsorship and endorsement costs will be recognized. David Coulthard is a British Formula One racing driver, presenter, commentator and journalist who was finished as runner-up for McLaren at the 2001 Formula One Championship. Stock-based compensation was $19.5 million for the third quarter of 2020, compared with $16.0 million in the 2019 third quarter. Don Schumacher is an American racing team owner who began racing in the early 60s. Jimmie Johnson is an American professional stock car racing driver and a seven-time champion in the Monster Energy NASCAR Cup Series. Rossi is the only rider of all time to have won the World Championship in four different classes. Weighted average number of shares of common stock and common stock equivalents: Case sales (in thousands) (in 192-ounce case equivalents), Prepaid expenses and other current assets. For a more detailed discussion of these and other risks that could affect our operating results, see the Company’s reports filed with the Securities and Exchange Commission, including our annual report on Form 10-K for the year ended December 31, 2019, and our quarterly report on Form 10-Q for the quarter ended June 30, 2020. As of 2020, Alexis DeJoria’s net worth is $100 million. ² No distributor termination costs were incurred in the three-months ended September 30, 2020 and 2019. In limited countries the operations of its bottlers/distributors have been more affected.     Despite the ongoing impact of the COVID-19 pandemic, the Company achieved record third quarter net sales and the highest quarterly net sales in the Company’s history. be_ixf;ym_202102 … Niki Lauda is an Austrian former Formula One driver and a three-time F1 World Driver’ Champion. Emmy has a big passion for helping others and motivating people. For those who are not able to listen to the live broadcast, the call will be archived for approximately one year on the website. MONSTER BEVERAGE CORPORATION AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF INCOME AND OTHER INFORMATIONFOR THE THREE- AND NINE-MONTHS ENDED SEPTEMBER 30, 2020 AND 2019(In Thousands, Except Per Share Amounts) (Unaudited)       Â. ¹Includes $10.5 million and $10.7 million for the three-months ended September 30, 2020 and 2019, respectively, related to the recognition of deferred revenue. Chase Elliott Net Well worth: Chase Elliott can be an American share car racing driver who includes a net well… Read More » Rodney C. Sacks, Chairman and Chief Executive Officer, said: “The Company performed well in the third quarter, achieving record quarterly net sales, despite the ongoing impact of the COVID-19 pandemic in most of our markets. Katelynn Ansari (born May 18, 1989) is famous for being model. Nigel Mansell is a British racing car driver who has won both the Formula One World Championship and the CART Indy Car World Series and was the F1 champion when he moved over to CART. Chaleo’s company had an energy drink known as Krating Daeng, and this made him see a potential market of this drink in Europe.The… Jody Scheckter is a South African former motor racing driver, who competed in Formula One. Jenson Button’s net worth is approximately $150 million, making him the 8th racing driver on the list. Certain statements made in this announcement may constitute “forward-looking statements” within the meaning of the U.S. federal securities laws, as amended, regarding the expectations of management with respect to our future operating results and other future events including revenues and profitability. Based on currently available information, the Company does not expect the COVID-19 pandemic to have a material impact on its liquidity. In addition, the Company is not experiencing significant raw material or finished product shortages, and its supply chain remains intact. The use of gross sales allows evaluation of sales performance before the effect of any promotional items, which can mask certain performance issues, such as the timing of certain promotional programs. Wealthy Gorilla is one of the fastest growing self-development websites worldwide; with articles and stories covering everything from quotes, net worths, richest lists, self-development lessons, and more. As of November 5, 2020, approximately $441.5 million remained available for repurchase under the previously authorized repurchase program.   Investor Conference CallThe Company will host an investor conference call today, November 5, 2020, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). Stock-based compensation was $19.5 million for the third quarter of 2020, compared with $16.0 million in the 2019 third quarter. Net income per diluted share for the 2020 third quarter increased 19.6 percent to $0.65, from $0.55 in the third quarter of 2019. As of 2020, Jeff Gordon’s net worth is approximately $200 million. NASCAR Cup series latest news, highlights, live race coverage, race results, standings, schedules, photo galleries, and driver stats. Gross sales, net of discounts and returns, Less: Promotional allowances, commissions and other expenses, Gross profit as a percentage of net sales, Operating expenses as a percentage of net sales, Operating income as a percentage of net sales, Income before provision for income taxes¹,², Income taxes as a percentage of income before taxes. Given its popularity, there’s no doubt that many racing professionals were able to snatch millions of dollars. She is the face behind the net worth profiles here on Wealthy Gorilla. Early in March 2020, the Company implemented global travel restrictions and work-from-home policies for employees who are able to work remotely. ... with the most well-known being Monster Energy. Martin Brundle is a British racing driver who is best known as a Formula One drive and as a commentator for ITV Sport from 1997 to 2008. Jeff Gordon is an American former professional stock car racing driver. The Red Bull company was founded in the year 1984 by an Austrian entrepreneur known as Dietrich Mateschitz together with a Thai businessman known as Chaleo Yoovidhya. Here’s a quick recap of the top 20 richest racing drivers in the world: The 20 Richest Celebrity Couples in the World 2020, The 20 Richest Athletes in the World 2020. 5th November, 2020 Monster Beverage Reports 2020 Third Quarter Financial Results and Highest Quarterly Net Sales in the Company’s History Read More 30th October, 2020 Monster Beverage Announces James Dinkins as New Director, Following Replacement in Designee of The Coca-Cola Company Read More In addition, gross sales may not be realized in the form of cash receipts as promotional payments and allowances may be deducted from payments received from certain customers. She is a young Swedish girl from Uppsala, who is currently traveling around the world. Monster Beverage net worth as of February 08, 2021 is $48.09B . Net sales to customers outside the United States increased 17.0 percent to $444.5 million in the 2020 third quarter, from $379.8 million in the 2019 third quarter. .. Our recent Bang Energy Beverage Study found Bang energy enhances mental focus Increases in Psychomotor Vigilance (i.e. Monster will transfer its non-energy drinks—such as Hansen’s, Hubert’s, Peace Tea, and Blue Sky, which contributed to about 7% of its 2013 net sales—to Coca-Cola. While our performance in EMEA was solid in the third quarter, EMEA remained adversely affected by the COVID-19 pandemic. She currently resides in California, United States. Jody Scheckter’s net worth is roughly $100 million, making him the 14th richest racing driver on the list. You can click on any of the buttons below to follow us on our social media channels; or to get in touch with the founder, Dan Western, head over to the 'contact' page. Lewis Hamilton is a British racing driver who races in Formula One for Mercedes AMG Petronas. Racing is solely the source of such an excellent net worth. Net income for the 2020 third quarter increased 16.3 percent to $347.7 million, from $298.9 million in the 2019 third quarter. On its founding, Mateschitz had previously traveled to Thailand where he met Chaleo who was the owner of the TC Pharmaceutical. Below are the 20 richest racing drivers of all time, as of 2020. Monster Energy has a 35% share of the energy drink market, the second highest share after Red Bull. As of 2020, Kimi Raikkonen’s net worth is $150 million. Monster Beverage annual net income for 2019 was $1.108B, a 11.56% increase from 2018. Nigel Mansell’s net worth is estimated to be $90 million, making him the 18th richest racing driver in the world. Conor Mcgregor Salary And Endorsements. COVID-19 PandemicThe Company’s top priority continues to be the health, safety and well-being of its employees. He has won 21 Grand Prix, making him the Finnish Formula One driver with the most race wins. Monster Beverage net income for the twelve months ending September 30, 2020 was $1.193B, a 9.23% increase year-over-year. On average, Mark trades about 74,808 units every 110 days since 2012. 10. As of 2020, Lewis Hamilton’s net worth is $285 million. Such sales were approximately 36 percent of total net sales in the 2020 third quarter, compared with 34 percent in the 2019 third quarter. He has sponsored by Monster, Fox, Spy, Dunlop tires, MOTOCROSS-ATV.com and so on. Welcome to our community, and we are so grateful to have you here with us. The largest trade he's ever made was exercising 487,500 units of Monster Beverage stock on 13 March 2017 worth over $4,650,750. The 2020 NASCAR Cup Series was the 72nd season for NASCAR professional stock car racing in the United States and the 49th season for the modern era Cup Series.The season began at Daytona International Speedway with the Busch Clash, the Bluegreen Vacations Duel qualifying races, and the 62nd running of the Daytona 500.The regular season ended with the Coke Zero Sugar 400 at Daytona … Operating expenses for the 2020 third quarter were $277.9 million, compared with $277.6 million in the 2019 third quarter. “We launched a number of new Monster Energy® brand energy drinks, Reign Total Body Fuel® high performance energy drinks and our affordable energy brands in various domestic and international markets in the third quarter, as well as in early October 2020. “The COVID-19 pandemic remains a heightened threat with a number of countries, particularly in EMEA, reinstituting lockdowns and other restrictions. The most recent stock trade was executed by Thomas J Kelly on 14 August 2020, trading 10,249 units of MNST stock currently worth $856,099. Net sales for the Company’s Strategic Brands segment, which primarily includes the various energy drink brands acquired from The Coca-Cola Company, as well as the Company’s affordable energy brands, increased 12.0 percent to $74.3 million for the 2020 third quarter, from $66.3 million in the 2019 third quarter. On average, Monster Beverage executives and independent directors trade stock every 21 days with the average trade being worth of $13,123,689. Emmy has been studying celebrities careers, biographies, lifestyles, and net worths for over 3 years. Discover how much the famous Guitarist is worth in 2021. Andretti is one of two drivers to have won races in Formula One, IndyCar, NASCAR, and World Sportscar Championship. Net changes in foreign currency exchange rates had an unfavorable impact on net and gross sales for the 2020 third quarter of $12.5 million and $11.9 million, respectively. Gordon formerly drove the No.24 Chevrolet for Hendrick Motorsports in 23 full.time NASCAR Sprint Cup Series. Distribution costs as a percentage of net sales were 3.5 percent for the 2020 third quarter, compared with 3.3 percent in the 2019 third quarter. Search and compare salaries across jobs and locations with Monster’s free salary estimator. “According to Nielsen, the energy drink category continues to grow in most of our markets, including the United States. Gabriella Abutbol is an American Instagram starand model, who gained particular prominence through her Instagram page. Net changes in foreign currency exchange rates had an unfavorable impact on net sales for the Monster Energy® Drinks segment of approximately $11.6 million for the 2020 third quarter. Net Worth of Axell Hodges. His estimated net worth is around $600 thousand and is rapidly growing. U.S. unit sales of Monster energy drinks 2015-2020 Global sales share of Monster Beverage by distribution channel 2010-2019 Global operating income of Monster Beverage 2008-2019 The Company’s e-commerce, club store, mass merchandiser and grocery and related business continued to increase in the quarter, while its food service on-premise business, which is a small channel for the Company, remained challenged. Gross profit, as a percentage of net sales, for the nine-months ended September 30, 2020 was 59.8 percent, compared with 59.9 percent in the comparable period last year. Required fields are marked *. Daniel Suarez is a stock car racing driver by profession and Mexican by nationality. He was born in 1970s, in the middle of Generation X, and in the Year of the Dragon. In particular, net sales in EMEA, for both the Monster Energy® and the Strategic Brands segments, improved sequentially in the third quarter, although the COVID-19 pandemic continued to negatively impact this region. Gross sales for the 2020 third quarter increased 11.1 percent to $1.46 billion from $1.32 billion in the same period last year. Currently, the Company does not foresee a material impact on the ability of its co-packers to manufacture and its bottlers/distributors to distribute its products as a result of the COVID-19 pandemic. Alonso is a two-time Formula One World Champion and is by some considered to be one of the greatest Formula One drivers in the history of the sport. As a percentage of net sales, operating expenses for the 2020 third quarter were 22.3 percent, compared with 24.5 percent in the 2019 third quarter, primarily as a result of decreased expenditures for sponsorships and endorsements as well as travel and entertainment, each largely as a consequence of the COVID-19 pandemic.