Since mid-March 2020, the Company has seen a shift in consumer channel preferences and package configurations, including an increase in at-home consumption and a decrease in food service on-premise consumption. She has since collaborated with a number of fashion brands, including Wood Clothing, FashionNova and numerous others, all of which have increased her popularity as well as her wealth. Eddie Irvine is a former racing driver from Northern Ireland. 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 … Conor Mcgregor Salary And Endorsements. 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. MONSTER BEVERAGE CORPORATION AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETSAS OF SEPTEMBER 30, 2020 AND DECEMBER 31, 2019(In Thousands, Except Par Value) (Unaudited). ² No distributor termination costs were incurred in the three-months ended September 30, 2020 and 2019. She is the face behind the net worth profiles here on Wealthy Gorilla. The costs for certain postponed or rescheduled events have been, or may be, deferred to future periods. Button currently competes in the Japanese SuperGT Series driving for team Kunimitsu, in which he won the title in 2019. Chase Elliott Net Worth. Jimmie Johnson is an American professional stock car racing driver and a seven-time champion in the Monster Energy NASCAR Cup Series. 10. Not only has Emily modeled and photoshoot, but she also participated in events of famous brands like Monster Energy. 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. Interactive chart of historical net worth (market cap) for Monster Beverage (MNST) over the last 10 years. As of 2020, Alexis DeJoria’s net worth is $100 million. In addition, the Company is not experiencing significant raw material or finished product shortages, and its supply chain remains intact. Nigel Mansell’s net worth is estimated to be $90 million, making him the 18th richest racing driver in the world. Monster Energy is an energy drink that was introduced by Hansen Natural Company (now Monster Beverage Corporation) in April of 2002. Jenson Button is a British racing driver and former Formula One driver, who won the 2009 Formula One World Championship. 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. © 2021 GlobeNewswire, Inc. All Rights Reserved. 2020 Nine-Months ResultsNet sales for the nine-months ended September 30, 2020 increased 6.9 percent to $3.40 billion, from $3.18 billion in the comparable period last year.  Gross sales for the nine-months ended September 30, 2020 increased 7.6 percent to $3.97 billion, from $3.70 billion in the comparable period last year. Our supply chain remains intact and we are continuing to service our customers. Based on currently available information, the Company does not expect the COVID-19 pandemic to have a material impact on its liquidity. Sacks and his business partner Hilton Schlosberg, Monster's CFO, are native South Africans. Lauda is considered by some as one of the best F1 drivers of all time. Gross profit, as a percentage of net sales, for the 2020 third quarter was 59.1 percent, compared with 59.4 percent in the 2019 third quarter. Conor McGregor's net worth in 2020 stood at $120 million. Jody Scheckter’s net worth is roughly $100 million, making him the 14th richest racing driver on the list. The Investor Relations website contains information about Monster Energy Company's business for stockholders, potential investors, and financial analysts. 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. “According to Nielsen, the energy drink category continues to grow in most of our markets, including the United States. 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. He is considered to be the most successful driver in the history of the sport and he holds the records for the most World Championship titles. The following table reconciles the non-GAAP financial measure of gross sales with the most directly comparable GAAP financial measure of net sales (in thousands): Caution Concerning Forward-Looking Statements. Continue to next page below to see how much is Monster really worth, including net worth, estimated earnings, and salary for 2019 and 2020. We’ve used figures from Celebrity Net Worth to create this compilation. Fueling our athletes, musicians, and fans, Monster Energy produces a variety of energy drinks, brewed coffee, hydrating sports drinks, juices and teas. Operating expenses for the nine-months ended September 30, 2020 were $802.3 million, compared with $821.9 million in the comparable period last year. Bobby Rahal is an American auto racing driver who was the first one to become an American auto racing driver and team owner. Given its popularity, there’s no doubt that many racing professionals were able to snatch millions of dollars. Such sales were approximately 36 percent of total net sales in the 2020 third quarter, compared with 34 percent in the 2019 third quarter. Most recently he sold 64,643 units of MNST stock worth $4,707,303 on 1 June 2020. Brundle was the 1988 World Sports-car Champion, with a record points score. Rossi is the only rider of all time to have won the World Championship in four different classes. 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. Daniel Suarez’s birth took place on January 7, 1992, in Monterrey, Nuevo León, Mexico. Eddie Jordan is an Irish former motorsport team boss, television personality and businessman. Mario Andretti is an Italian-born American former racing driver and he is considered to be one of the most successful Americans in the history of the sport. American model who has modeled for magazines like FHM, Seventeen and Transworld Moto. 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. Eddie Irvine’s net worth is $120 million, making him the 10th richest racing driver in the world. 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. Fernando Alonso’s net worth is estimated to be roughly $240 million, making him the 5th richest car race driver in the world. Share. 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. Monster was born in Hsinchu, Taiwan on Sunday, November 28, 1976. As of 2020, Eddie Jordan’s net worth is estimated to be roughly $475 million. The Company assumes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. The Company’s actual results could differ materially from those contained in the forward-looking statements. Monster Preps for Coke Energy Launch, Reign Expansion in 2020. We are continuing on our mission to inspire and motivate people around the world. Required fields are marked *. How much a company is worth is typically represented by its market capitalization, or the current stock price multiplied by the number of shares outstanding. Michael Schumacher’s net worth is approximately $800 million, making him the richest racing driver in the world. Net Worth of Axell Hodges. “Our thoughts and prayers remain with all who have been impacted by the COVID-19 pandemic and we wish them all a speedy recovery,” Sacks added. As of 2020, Valentino Rossi’s net worth is estimated to be roughly $140 million. Jimmie Johnson is an American professional stock car racing driver and a seven-time champion in the Monster Energy NASCAR Cup Series. Monster Beverage net income for the quarter ending September 30, 2020 was $0.348B, a 16.3% increase year-over-year. 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. 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). 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. Certain of the Company’s bottlers/distributors have implemented modifications to their call points and service levels, but the Company’s products remain generally available to consumers. As of 2020, Lewis Hamilton’s net worth is $285 million. Operating expenses for the 2020 third quarter were $277.9 million, compared with $277.6 million in the 2019 third quarter. Welcome to our community, and we are so grateful to have you here with us. Discover how much the famous Guitarist is worth in 2021. Raikkonen is the only driver to take a race in the V10, V8 and the hybrid V6 engine eras. As of 2020, Bobby Rahal’s net worth is $80 million. The Company’s flavor manufacturing facilities, its co-packers, warehouses and shipment facilities, are all operating. Operating income for the nine-months ended September 30, 2020 increased to $1.23 billion, from $1.09 billion in the comparable period last year. Stock-based compensation was $19.5 million for the third quarter of 2020, compared with $16.0 million in the 2019 third quarter. Sebastian Vettel is a German racing driver currently driving in Formula One for Scuderia Ferrari. 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.