BillionaireNet
family
R
Rank #86
UNITED STATESTechnologyWarehouse automation

Rick Cohen & family

Net Worth
$26.407B
+3.48% (24h)
Richard B. "Rick" Cohen is an American billionaire businessman. As the owner and executive chairman of C&S Wholesale Grocers, the largest grocery wholesaler in the U.S., he has significantly impacted the grocery distribution industry. His wealth source is primarily from warehouse automation through his role as chairman and CEO of Symbotic, a company that automates warehouse logistics. Cohen's career began at the family company, C&S Wholesalers, in 1974. His leadership transformed the company from a regional player to a national powerhouse. Cohen, born in Worcester, Massachusetts, in 1952, has a net worth estimated at $36.7 billion.

The Full Dossier

Early Life

Richard B. "Rick" Cohen was born in Worcester, Massachusetts, in 1952. He graduated from Deerfield Academy in 1970 and then earned a degree in economics, concentrating in accounting, from the Wharton School of the University of Pennsylvania in 1974.

Rise to Success

Cohen began his career at the family company, C&S Wholesalers, in Worcester, Massachusetts, in 1974. He took control of C&S after his father retired in 1989. Under his leadership, C&S Wholesale Grocers grew into one of the largest wholesale grocery supply companies in the United States. Cohen is also the founder of Symbotic, a robotics warehouse automation company. Symbotic's AI-enabled platform is used by major retailers, including Walmart, to enhance warehouse efficiency through automation.

Key Business Strategies

Cohen's key business strategies include transforming C&S into a national powerhouse and innovating in warehouse automation through Symbotic. Symbotic's partnership with Walmart to automate its distribution centers is a critical component of his success.

Philanthropy

Rick Cohen and his family are known for their philanthropy. In 2001, the Center for Holocaust and Genocide Studies at Keene State College was renamed after the Cohens in recognition of their financial support. They support various organizations addressing food insecurity, youth development, and public health.

Career Timeline

2022

Symbotic went Public

Symbotic went public through a SPAC deal.

2003

Moved C&S Headquarters to Keene, New Hampshire

Relocated the company headquarters to Keene, New Hampshire.

1989

Took Control of C&S Wholesale Grocers

Assumed leadership of C&S after his father retired.

1974

Began Career at C&S Wholesalers

Began working at the family company, C&S Wholesalers in Worcester, Massachusetts.

Philanthropic Impact

Education$XB

Center for Holocaust and Genocide Studies

Financial support led to the renaming of Keene State College's center.

Wealth Trajectory