Ryan Cohen is the co-founder and ex-CEO of one of the most successful online pets related companies, Chewy.
As of today, Cohen has been actively investing as a shareholder in companies that are worth billions.
Read below to know everything about Ryan, from his business journey to his relationship status and net worth.
Ryan Cohen Quick Facts
|Full Name||Ryan Cohen|
|Birth Place||Montreal, Canada|
|Father’s Name||Ted Cohen|
|Mother’s Name||Mrs. Cohen|
|Biological Siblings||Not Disclosed|
|Half Siblings||Not Disclosed|
|Height||5.9 feet (1.8 m)|
|Weight||75 kg (166 lbs)|
|Shoe Size||10 US Size|
|Eye Color||Dark Brown|
|Body Measurement||Not Disclosed|
|Physique (Figure)||Lean & Fit|
|Son||Has a son|
|Profession||Chewy Founder, GameStop investor|
|Net Worth||$2.2 billion|
Is Billionaire Ryan Cohen Married? Partner
Although his personal life has always remained a mystery, there’s one thing that surfaced earlier.
That he has a son.
Yes, the billionaire businessman Ryan Cohen has a son, and he’s a cute little baby.
This strengthened suspicion of fans and followers that Ryan is already married.
However, the young investor keeps curtains closed on this matter.
There’s also a chance that he isn’t married but casually dating someone.
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Ryan Cohen Wiki
Ryan was born in 1986 in Montreal, Canada.
Any further information about his birth date remains unavailable. As of today, Cohen is 34 years old.
Later in 2019, the tragic death of his father, Ted Cohen, shook his entire family.
Cohen was an entrepreneur himself who imported glassware in Canada.
During a conversation with Bloomberg about his deceased father, he revealed that his father was a mentor to him.
Ryan’s highest qualification is high school graduation. Later, he joined college for further education but dropped out.
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How Ryan Cohen Started Chewy
Ryan founded chewy along with Michael Day in 2011.
According to Ryan, the idea of starting a company for pet products popped into his mind as he was shopping for his own pet dog.
Ryan and Michael had named the company Mr.Chewy before deciding on Chewy.
It was tough for both Ryan and Michael to raise capital. Their proposal had been rejected by almost 100 capital firms.
Finally, in 2013, they managed to raise a capital of $15 million from Volition company that made an investment.
Within 2016, the company capital had massively increased, which resulted in $900 million worth of sales.
Eventually, the company became the no. 1 online pet retailer.
Later, in 2017, the company’s worth was $359 million and was about to go public.
Around that time, PetSmart, another giant in the pet-related industry, approached Cohen to purchase Chewy.
So, in April 2017, Chewy was sold to PetSmart for $3.35 billion. Thus, it became the largest purchase in the history of e-commerce at that time.
Even after selling the company, he continued as its CEO and kept running the business until 2018.
In 2018, he resigned from his post in order to pay more attention to his family.
After the sale of his company, Cohen decided to make huge investments in companies like Apple and Wells Fargo.
As of today, he owns $550 million worth of Apple stocks.
In September 2020, Cohen became the biggest individual investor in GameStop after buying 10% of its shares, which further increased to 12%.
As disclosed, he is holding the position of chairman of a newly formed committee in the company and has plans on surpassing Amazon.
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Cohen, as one of the most successful businessmen, started his entrepreneurial journey very young.
Since starting Chewy, Cohen has been climbing the success staircase ever since.
Ultimately, all of his successful ventures have made him a billionaire.
After selling his company, Chewy, he invested most of his capital in Apple and became its largest individual shareholder.
Again, in 2020, he invested $76 million for a 13% stake in GameStop, becoming its largest individual shareholder.
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Meme Stock King, Ryan Cohen
When Ryan entered GameStop, he not only became the company’s largest individual shareholder but also became the official Meme Stock king.
In fact, he started the trend.
Various reputed financial pundits and sources describe Meme Stocks as stocks of a company backed by internet popularity.
In January 2021, GameStop became the first Meme Stock company when its share prices rose by a massive 10,000%.
GameStop’s share prices hovered at around $3 to $4 per share. By January 2021, it became $347 per share.
This meant that Ryan’s initial 13% investment worth $76 million grew to a whopping $1.3 billion in less than a year.
Meme Stocks became prominent after a Reddit forum named WallStreetBets began targeting potential companies, promoting them, and pouring in their own money to increase stock prices.
Cohen’s Controversial Investment in Bed Bath and Beyond
Similarly, in early 2022, Cohen bought 7 million shares of Bed Bath and Beyond. However, within seven months, in August, Cohen sold his entire stake in the company.
Cohen reportedly sold his holdings at a stock price range of $19 to $29 in a two-day span.
Reportedly, Cohen made a profit of approximately $68 million from his short-term investment in the company.
This move of Ryan came just days after an abnormal surge in the share prices of the company.
The public showed their outrage as Bed Bath and Beyond’s stock prices plummeted by 40% right after Cohen dumped all his shares.
Some went to the extent of stating that Cohen planned this move. Others call it a meticulously planned pump and dump scheme.
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Ryan Cohen’s Net Worth Rose To $2.2bn
In 2021, Cohen had a net worth of $1.9 billion.
However, in 2023, Cohen’s net worth saw an increase of more than $300 million; turning his total net worth to $2.2 billion.
How Old Is Ryan Cohen?
Ryan Cohen is 34 years old. He was born in 1986, in Montreal, Canada.
How Tall Is Ryan Cohen?
Ryan Cohen is 5 feet 9 inches, or 176 cm tall.
What Is Ryan Cohen Net Worth?
Ryan Cohen has a massive net worth of $2.2 billion in 2023.
Is Ryan Cohen Married? Who Is Wife?
As of now, Ryan Cohen is not married. However, he has a son.