The future of IT & AI

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 In the not-so-distant future, the world of IT will have undergone a seismic shift. Gone were the days of traditional employment, where companies hires full-time employees to fill specific roles. Instead, the gig economy had taken over, and IT professionals will be embracing the freedom and flexibility that cames with freelancing. Companies had caught on to the benefits of project-based hiring, where they could tap into a global talent pool and scale up or down as needed. Job postings  floated online, and skilled freelancers would bid on projects that matches their expertise. Seasoned IT professionals, making the transition to freelancing in these  years, builds reputations on these  platforms like Toptal and Upwork, and their calendars will always be filled with exciting projects. Skilled  IT engineers helps big compernies to launch their new products. Their projects, some  complex, with tight deadlines, and the clients willing to pay top dollar for the ri...

2 South African-born billionaires outperform Amazon, Apple, and Microsoft

 

Monster Beverage Corporation, an American firm run by Rodney Sacks and Hilton Schlosberg, is the top-performing company in the S&P 500 Index over the last 30 years.

What is not common knowledge is that both Sacks and Schlosberg were born in South Africa and attended the University of the Witwatersrand (Wits).

Sacks was born in South Africa in 1949 into a Lithuanian-Jewish family. His father was Johannesburg businessman Wolfe Harry Sacks.

He graduated from Wits with a law degree and a postgraduate higher diploma in tax law. He joined the country’s largest corporate law firm, Werksmans, where he became the youngest partner the firm has ever had.

After two decades at Werksmans, in 1989, Sacks left the law firm and emigrated to California with his family.

A year later, he partnered with fellow Wits graduate Hilton Schlosberg to acquire Hansen Natural Corporation for $1.71 million and the assumption of $12 million in debt.

Since the acquisition in 1990, Sacks has been chairman and CEO of Hansen Natural Corporation while Schlosberg serves as President and COO.

Their big break came in 2002, when they launched Monster Energy. Within ten years they increased revenue to $2 billion.

So successful was Monster Energy that the Hansen Natural Corporation changed its name to Monster Beverage Corporation in 2012.

What makes Monster Beverage Corporation stand out, apart from its energy drinks, is its stellar financial performance.

A recent analysis by Charlie Bilello, CEO of Compound Capital Advisors, showed that Monster Beverage Corporation was the best-performing company in the S&P 500 Index over the last 30 years.

The company provided a total return of 295,805% to shareholders since 1995, outperforming tech giants like Amazon, Netflix, Apple, and Microsoft.

With a 35% share in the $31.9 billion global energy drink market, Monster Beverage Corporation remains a popular choice among investors.

This growth also made Sacks and Schlosberg billionaires and gave them the title of the world’s best value creators.

The table below shows the top-performing stocks in the S&P 500 Index over the last 30 years, with Monster Beverage Corporation leading the pack.

Best Performing Stocks in the S&P 500 Index
Company30 Year Total ReturnAnnualized ReturnGrowth on $10,000
Monster Beverage Corporation295,805%37%$29,590,550
Amazon217,028%38%$21,712,834
Netflix50,133%40%$5,023,337
Apple42,259%22%$4,235,865
Oracle38,801%22%$3,890,146
Cisco37,963%22%$3,806,290
Nvidia35,768%31%$3,586,761
Microsoft33,256%21%$3,335,588

Now read: The stock that turned R10,000 into R121 million in 25 years

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