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#88 Billionaire

Rick Cohen & family

$24.4B
+$484M (+2.0%)
US · Age 73
Source of wealth: Warehouse automation
Industry: technology
Residence: Keene
{ "bio": [ "Rick Cohen is owner and executive chairman of C&S Wholesale Grocers, the nation's largest grocery wholesaler, with some $35 billion in annual revenue.", "The bulk of his family's wealth, however, comes from warehouse automation firm Symbotic, which has a partnership with Walmart to automate its 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.", "Cohen is chairman and CEO of Symbotic, which produces fully automated warehouses. Its order backlog totals $23 billion." ], "about": [ "C&S Wholesale Grocers, based in Keene, N.H., is the nation's eighth largest private company." ] }

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