#81

Rick Cohen & family

United States 73 years old

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

  • Symbotic
    396,000,000 shares @ -
    -
    SYM-US

Biography

Rick Cohen is owner and executive chairman of C&S Wholesale Grocers, the nation's largest grocery wholesaler with $25 billion in revenue.

The bulk of his family's wealth comes from warehouse automation firm Symbotic, which has a partnership with Walmart to automate all 42 of its regional distribution centers.

Cohen built Symbotic largely in stealth, and took it public in a SPAC deal sponsored by venture-capital giant SoftBank that closed in June. Its market cap: roughly $7 billion.

Cohen stepped back as CEO of Symbotic in March, and is currently the firm's chairman and chief product officer.

Symbotic posted revenue of $252 million for fiscal 2021; in its latest quarter, ended in June, it reported $176 million in revenue.

About

C&S Wholesale Grocers, based in Keene, N.H., is the nation's eighth largest private company.

Cohen originally began tinkering around with technology to solve his own distribution problems at C&S.