⬅ # 92 Kumar Birla|# 94 Cyrus Poonawalla

# 93 Rick Cohen 

$22.0B

Real Time Net Worth
as of 5/18/2024
-$894.1M (-4.07%)

# 93 Rick Cohen 

$22.0B

Real Time Net Worth
as of 5/18/2024
-$894.1M (-4.07%)
OccupationOwner, C&S Wholesale Grocers
Source of WealthWarehouse Automation
Age71
ResidenceKeene, New Hampshire
Marital StatusMarried
Children3
Age-Adjusted Net Worth$10.4B
Rick Cohen
Rick Cohen
United States
Net worth: $22.0B

Self-Made Score 

Biography

Personal Info

Full Name: Richard B. 'Rick' Cohen
Born: 1952 in Worcester, Massachusetts
Parents: Norma and Lester Cohen
Spouse: Married to Jan Cohen

Education

Graduated from Deerfield Academy in 1970
Graduated from the Wharton School of the University of Pennsylvania in 1974 with a degree in economics, concentrating in accounting

Career

Joined family company, C&S Wholesalers, in 1974
Convinced father to move the company to Brattleboro, Vermont, after a three-week union strike
Took control of C&S in 1989 after his father's retirement
Moved company headquarters to Keene, New Hampshire in 2003
Founder of Symbotic, a robotics warehouse automation company
Symbotic's AI-enabled platform used by major retailers like C&S, Walmart, Target, and Albertsons
Symbotic went public in a $5.5 billion SPAC deal sponsored by SoftBank in 2022

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

How long would it take you to become as rich as Rick Cohen?

If you started with $10,000 and invested an additional $500 each month at a 44.10% CAGR, it would take you 5 years to reach Rick Cohen's net worth of $22.0B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 42.76% compared to 11.89% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Rick Cohen is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Rick Cohen, Warehouse Automation is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey