Are you curious to know how Ryan Cohen, the visionary behind hyper-growth brands such as Chewy, made his fortune? From humble beginnings to multi-millionaire status, let’s dive into an exploration of his career background and rise to fame!
Starting out as a silverware salesman at his family’s restaurant business in Connecticut, Cohen had big dreams of breaking out from the norm. After graduating from Hofstra University with a degree in Entrepreneurial Studies, he did just that—and founded Chewy.com in 2011. All the while, he bootstrapped the business personally with $250 thousand of his own money.
Within two years, he had already generated $100 million in revenue, which skyrocketed further with venture capitalists investing in the company. By 2019, Chewy was worth more than $10 billion and had become one of America’s most successful tech companies.
Now that he’s exited Chewy with a net worth estimated at close to $2 billion, Ryan Cohen is on the move again, with his sights set on conquering Wall Street’s retail game. Watch this space!
Quick Facts
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Ryan Cohen’s Business Ventures
Want to know how Ryan Cohen made his fortune? If you’re looking for insight into the entrepreneur’s net worth, you’ll find the answers in the many businesses he’s founded and investments he’s made over the years.
Cohen started investing back in 2000 when he founded PetFlow, an online pet supply store. His second venture was Chewy, a pet food delivery startup that eventually went public in 2019 at a valuation of over $8 billion. He also co-founded Hedgehog Development, a software development company that specializes in cloud technology and digital strategy consulting.
The list goes on. Alongside his entrepreneurial endeavours, Cohen has invested in some of the world’s most successful brands, such as Virgin Galactic Holdings and Pinterest. In addition, he is a founding investor in Airbnb, one of America’s most lucrative startups to date. Ryan Cohen has certainly come a long way since starting out in 2000—and it’s all thanks to his smart investment decisions and business acumen!
What Is Ryan Cohen’s Net Worth?
Although it’s difficult to pinpoint Ryan Cohen’s exact net worth, the data we have gives us a reasonable indication. Forbes estimates that he is currently worth over $3.5 billion!
He has obviously experienced great success since selling his business. But Ryan Cohen got even more successful when he started investing in larger companies such as Amazon and Tesla. He has made a killing by investing in these businesses, as they’ve gone up in value substantially since then.
Overall, Ryan Cohen’s net worth is a clear indication of his entrepreneurial spirit and smart business decisions throughout the years. He truly has achieved an incredible level of financial success and continues to invest in ways that will make him even wealthier.
FAQs
1. How much is Ryan Cowen worth?
One of the most common questions that people have regarding Ryan Cowen’s net worth is asking whether or not he is a billionaire and the answer is yes. Ryan has an estimated net worth of $1 billion, which is increasing progressively.
2. How much money did Ryan Cohen make?
What majorly contributed to Ryan’s net worth was the pet store, Chewy, which he co-founded with his partner in 2011. Soon after its release, the brand grew exponentially, bringing close to $3.5 billion in revenue. Ryan stepped down from his role in the company after selling it to PetSmart in 2018 for $3.4 billion.
3. What company does Ryan Cohen own?
Ryan has founded multiple companies and sold a few too. One of the first companies he founded was Chewy, which he sold to PetSmart in 2017. Besides that, he is also the former CEO of Get Free Report. Ryan is currently the chairman of GameStop (GME).
4. Is Ryan Cohen the largest shareholder of Apple?
After selling his brand, Chewy to PetSmart for $3.4 billion, Ryan made one of the biggest investments in the history of Apple shares. He bought 1.55 million shares in the company, making him the largest individual shareholder in the company.