#851

Ryan Cohen

Canada 40 years old Self-Made

Overview

Source of Wealth
Investments
Residence
Bal Harbour, Florida
Marital Status
Married

Assets

  • Alibaba Group (ADR)
    6,300,000 shares @ -
    -
    BABA-US
  • Apple
    4,519,000 shares @ -
    -
    AAPL-US
  • Citigroup
    4,374,000 shares @ -
    -
    C-US
  • GameStop Corp. (Cl A)
    38,348,000 shares @ -
    -
    GME-US
  • Netflix
    3,645,000 shares @ -
    -
    NFLX-US
  • Wells Fargo
    5,832,000 shares @ -
    -
    WFC-US

Biography

Ryan Cohen is the former CEO of online pets supplies store Chewy, which he cofounded in 2011.

Cohen grew the business to $3.5 billion in annual revenues and stepped down in 2018 after selling it to PetSmart for $3.4 billion in 2017.

At the end of 2020, Cohen spent about $76 million buying a 13% stake in GameStop while urging management to restructure the ailing brick-and-mortar.

He joined GameStop's board in January 2021 and his fortune surged that month after Reddit traders coordinated a massive surge in the stock's price.

The son of a teacher and a glassware importer, Cohen started his first business at the age of 15, collecting fees off referrals to e-commerce sites.

About

Cohen owns around seven million shares in the embattled Chinese tech firm Alibaba.

In 2022, Cohen bought?and then quickly sold?Bed Bath & Beyond stock for a $70 million profit.