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#81 Billionaire

Rick Cohen & family

$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." ] }

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