Rick Cohen & family
$23.0B
Born
Jul 25, 1952
Age
73
Source of Wealth
Warehouse automation
Residence
Keene, New Hampshire
Citizenship
United States
Marital Status
Married
Children
3
Education
Bachelor of Arts/Science, The Wharton School at the University of Pennsylvania
- 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.
- C&S Wholesale Grocers, based in Keene, N.H., is the nation's eighth largest private company.
| Exchange | Ticker | Company Name | Number Of Shares | Share Price | Currency Code |
|---|---|---|---|---|---|
| NASDAQ | SYM-US | Symbotic | 403,336,000 | 53.95 | USD |