Canada-born American entrepreneur, chairman, activist investor, founder, and former CEO of Chewy, Ryan Cohen, has a net worth of $1.9 billion.
Ryan is well known as the founder of Chewy.
Chewy is an e-commerce pet store based in Dania Beach, Florida.
He started the company with his friend Michael Day at the age of 25 in 2011.
After the success of Chewy, Ryan Cohen made it to the list of Fortune 40 under 40 list in 2017.
Cohen is the chairman of a retail gaming company, GameStop.
In addition, he manages the activist investor firm RC Ventures.
Cohen is secretive about his private life. So, lesser is known about his personal life and family.
Let’s have a quick look at Ryan Cohen facts:
|Full Name||Ryan Cohen|
|Net Worth||$1.9 billion|
|Date of Birth||1986|
|Place of Birth||Montreal, Canada|
|Age||37 Years Old|
|Height||5 ft 9 in|
|Eye Color||Light Brown|
|Profession||Entrepreneur, Activist Investor, Chairman|
|Last Update||December, 2023|
Ryan Cohen: Net Worth and Income
As of July 2021, Ryan Cohen has a net worth of $1.9 billion.
Cohen sold Chewy to PetSmart for $3.35 billion in 2017 in one of the largest e-commerce deals in history.
As a result, his net worth increased sharply.
Apart from this, Cohen earns from his investments at Apple, Wells Fargo, and GameStop.
Net Worth of Ryan Cohen in Different Currencies
Let’s find out Ryan Cohen’s net worth in different major currencies of the world.
|Pound Sterling||£ 1,382,155,000|
|Australian Dollar||A$ 2,590,992,000|
|Canadian Dollar||C$ 2,390,931,500|
|Indian Rupee||₹ 141,530,050,000|
Ryan Cohen: Houses
Cohen lives with his family in a luxurious waterfront mansion in Bal Harbour, Florida.
Ryan Cohen: Lifestyle
The Chewy founder is quite obsessed with executing and other things too.
He devotes most of his waking hours working and hardly sleeps more than three hours a night.
Cohen’s diet includes primarily two meals: steamed vegetables with fish or chicken.
Ryan Cohen: Investments
Following the sale of Chewy, Cohen has bought significant stakes in public companies.
He has made successful investments in various businesses, thereby increasing his net worth.
According to Cohen, he learned the rules of investment from his dad.
In June 2011, Cohen co-founded Chewy with his friend Michael Day in Dania Beach, Florida.
The online-based startup sold pet food and pet-related products.
The co-founders started Chewy with a small investment. They invested their own money $150,000 and took small loans to get started.
Nevertheless, they knew that their startup required large capital for growth.
Meanwhile, the co-founders approached over 100 venture capital firms to raise capital.
However, they could not convince the investors, and they all refused to invest.
Regardless of the initial setback, the co-founders continued to pitch their ideas in Silicon Valley.
Finally, in 2013 the company secured its first investment of $15 million from Volition Capital.
Furthermore, Chewy raised $350 million from T. Rowe Price, BlackRock, Greenspring, Lone Pine, Verlinvest, and the investment bank Allen & Company.
Consequently, in 2016, the online retail pet store recorded sales of $900 million.
As a result, Chewy managed to become number 1 in the online pet store industry.
By 2017, the company was valued at $350 million and planned to go public by offering IPO.
However, before going public, Cohen sold the business to PetSmart for $3.35 billion.
Ultimately in 2019, Chewy went public at a valuation of $8.7 billion.
After selling Chewy for a record-breaking deal, Cohen made major investments in American multinational company Apple.
In fact, the Florida-based billionaire made $500 million worth of investment in the company.
To put it differently, Ryan Cohen holds 6.2 million shares of the business.
For this reason, he is the largest individual shareholder at the California-based tech giant Apple.
Apart from Apple, Cohen owns a major stake in another American retail-gaming company called Gameshop.
In September 2020, Cohen invested $76 million for a 10% stake in the business.
The activist investor acquired 9 million shares at $8 per share.
Henceforth, Cohen became the company’s biggest individual investor.
Moreover, the former Chewy founder emphasized online sales and shutting down unprofitable stores in malls.
To achieve this and Cohen welcomed senior executives from Amazon, Walmart, QVC, and Chewy.
Later on, in December 2020, he increased the investment percentage from 10 to 13 through an amended 13D filing with SEC.
As per the filings, Cohen wanted “to produce the best results for all shareholders.”
For this reason, in January 2021, the company’s price per share soared to $480.
As a result, the value of Cohen’s investment rose to $4.3 billion.
In 2021, GameStop announced that Cohen is the new chairman of the company.
Following the news, the share price of the company increased by 4 percent in premarket trading.
Moreover, the market value of GameStop reached $12.8 billion.
Ryan Cohen: Career
Ryan Cohen started his first business at the age of 15.
Around that time, he made money by collecting referrals to e-commerce sites.
Born to a businessman father, he learned the ins and outs of the business from him.
Moreover, he regards his late father as his mentor, who taught him valuable lessons from an early age.
According to Cohen, the idea for starting Chewy came to him while shopping for his toy poodle, Tylee.
For this reason, Cohen switched his initial jewelry business to an online pet store, Chewy.
Specifically, his idea was to delight customers and run an ultra-efficient operation.
Cohen successfully ran the company as the CEO for 6 years.
Eventually, in 2017, he agreed to sell it to PetSmart in exchange for a record amount.
Following his exit from Chewy, Cohen joined GameStop as Chairman.
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Facts About Ryan Cohen
- Ryan met his founder Michal Day in an online chat room in the course of discussion.
- The Canada-born entrepreneur started building websites by the age of 14.
- The young entrepreneur dropped out of college to pursue business.