$19.7B
+$752M
(+4.0%)

US
· Age 73
Source of wealth: Warehouse automation
Industry: technology
Residence: Keene, US
{
"bio": [
"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."
]
}