Ryan Cohen is the CEO of Chewy, a pet e-commerce company that sells products to those who love their pets. Ryan Cohen founded it when he was 25 years old and now Ryan Cohen net worth is $1 billion and sold Chewy to PetSmart for $3.3 billion in 2017.
After selling Chewy, he then began investing heavily in Apple and became the company’s largest individual investor. He holds about 6 million shares adjusted for distribution. This is where Ryan Cohen’s name became famous as an investor.
By 2020, Ryan Cohen had amassed a 10% stake in GameStop & increased the overall ownership to around 13%. This investment was made before the GameStop stock short squeeze, at the end of January 2021. A few months after, Jerry was appointed as Charmin of the Board.
|Stage name||Ryan Cohen|
|Legal name||Ryan Cohen|
|Date of birth||1986|
|Height||5’9” (176 cm)|
|Net worth||$1 billion|
|Salary/earning/income per year||–|
Ryan Cohen’s Biodata
Ryan Cohen was born in 1986 but his exact date of birth remains unknown, due to his desire for privacy.
Cohen is an American man who stands at 5’9” (176 cm) tall. His father, Ted Cohen was also very popular in the entertainment field. Ted Cohen has worked with EMI Music, Warner Bros. Records and Philips Media. Now, Ryan’s dad is the Managing Partner of TAG Strategic.
Ryan Cohen is said to have attended university and it is not know exactly which university he studied at because before graduating, Ryan Cohen had decided to leave campus for build Chewy.
Ryan Cohen is considered one of the youngest billionaires in the world & his name is widely recognized. Of course it’s all because of Ryan Cohen net worth.
Cohen highly values privacy. Until now, almost no articles have succeeded in revealing the identity of his family, except for his father’s name, which is often mentioned because it is based on his own father’s popularity.
Ryan Cohen is married and has a son. Due to the fact that he has not shown his wife in public, there are no reports of family members or any siblings.
- Best known for
Ryan Cohen is known as the founder of the Chewy company. He also has other investments, such as owning 6 million shares of Apple and CEO of GameStop. Ryan Cohen net worth is primarily up to billions.
Ryan Cohen has not been open about his personal life or childhood, but it is known that he grew up in Montreal.
He started building a website when he was 14 years old, with his father being his first client before local businesses in the area at the time.
Sources say that Cohen did not finish college. He dropped out of school to work on the business, with co-founder Michael Day, and built Chewy quietly into one of the fastest growing e-commerce websites in the world. Ryan Cohen net worth is so large because of his business.
- Ryan Cohen’s Personal life
Ryan Cohen, like other billionaires, values privacy. He never showed his wife publicly, and some sources have shown the child of Ryan Cohen, but it is not stated what their name is and when the child was born. Even though he is a businessman, Cohen has a reputation for being secretive with personal details, such as his siblings and family life.
Ryan experienced a family tragedy in December 2019 when he lost his father. This is enough to hit the feelings of many people like Ryan Cohen himself.
Ryan Cohen’s Business Life
When Ryan founded Chewy, his business became known around the world and continues to improve. His idea for the company began when he was shopping for his French poodle, Tylee.
Ryan Cohen is following in the footsteps of his father and mentor who runs a glassware importing company.
it was in 2013 that Cohen secured a $15 million investment to consolidate his business. In 2016, the company was able to raise more money, bringing in $900 million in revenue. Cohen’s company made $350 million in 2017 and planned to go public. However, he sold his business to PetSmart for $3.35 billion before that.
Despite the fact that the founder of Chewy sold the company, he retained his role as CEO. Chewy continues to function as a separate entity with Ryan Cohen at their helm. The founder of the company left the company in March 2018 for personal reasons and time with family.
Cohen decided to make big investments in Apple and Wells Fargo after selling his business. Following these investments, the value of Ryan Cohen’s shares in Apple increased significantly and he became one of Apple’s largest individual shareholders (with 6.2 million shares of the company). This resulted in a huge increase in Ryan Cohen net worth!
Investing in GameStop
Ryan Cohen rose to become the chairman of GameStop Corp after making an investment in the company. In August 2020, Ryan revealed that he had purchased 9 million shares of the video game GameStop.
In January 2021, shares of GameStop were up by leaps and bounds. At one point shares were worth $480. If Ryan had 9 million of these, he would be worth a whopping $4.3 billion!
With only a few months, Ryan Cohen was able to take over America’s most talked about company and make $1 billion for himself.
Based on his position as Chairman at GameStop, he was able to make major stock movements. GameStop’s stocks could rise more than 8 times this year.
After RC Ventures acquired a 13% stake in GameStop, they have plans to transform the company into a major ecommerce player with plans to sell their merchandise through both online & fast delivery channels.
Ryan Cohen Net Worth
How much is Ryan Cohen net worth?
Under Ryan Cohen, GameStop made $1 billion in a mere few months. That’s quite impressive because the transition from CEO was smoother than expected! Now, Ryan Cohen net worth is $1 billion.
Ryan Cohen net worth is $1 billion, equivalent to 13% of GameStop’s shares. Apart from the stocks he already owns, not much is known about Ryan Cohen net worth such as houses, cars & other assets.
Ryan Cohen has been a successful businessman, but many people view him as an average guy with mostly investments and no glamorous life. Although you may not want to be inspired by him, Ryan Cohen net worth is certainly of interest.