Rick Cohen & family
$27.7B
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 $34 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 $22 billion.
- C&S Wholesale Grocers, based in Keene, N.H., is the nation's eighth largest private company.
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