Rick Cohen & family
Overview
- Source of Wealth
- Warehouse automation
- Industry
- Technology
- Residence
- Keene, New Hampshire
- Education
- The Wharton School at the University of Pennsylvania (Bachelor of Arts/Science)
- Marital Status
- Married
- Children
- 3
Assets
- Symbotic401,596,000 shares @ --SYM-US
Biography
Rick Cohen is owner and executive chairman of C&S Wholesale Grocers, the nation's largest grocery wholesaler, with some $30 billion in annual revenue.
The bulk of his family's wealth comes from warehouse automation firm Symbotic, which is currently automating Walmart's 42 regional distribution centers.
Cohen, whose grandfather started C&S in 1918, launched Symbotic after tinkering around with technology to solve his own distribution problems at the family grocery business.
He built Symbotic largely in stealth, and took it public in a $5.5 billion SPAC deal sponsored by venture-capital giant SoftBank that closed in 2022. He is chairman, CEO and majority owner.
Symbotic reported revenue of $2.2 billion in fiscal 2025, up from $1.8 billion the previous year.