Ryan Cohen Wiki – Ryan Cohen Biography
Ryan Cohen is an American businessman and the co-founder and former CEO of e-commerce company Chewy, which was acquired by PetSmart in 2017 for $3.35 billion. He will become the chairman of GameStop following the June 9th shareholder meeting. In 2011, at the age of 25, he founded Chewy under its original name of MrChewy. Cohen says his inspiration for picking the pet category came from his experience shopping for his poodle Tylee. He cites his father Ted, who ran a glassware importing business, as a mentor. In need of capital, he says he originally approached over 100 venture capital firms and was rejected by all of them. In 2013, he secured the company’s first outside investment from Volition Capital for $15 million. By 2016, he had raised capital from investors including BlackRock and T. Rowe Price New Horizons Fund. That year the company had $900 million in sales and had become the number 1 online pet retailer. By 2017, he raised $350 million and was preparing for an IPO.
In April 2017, PetSmart purchased Chewy for $3.35 billion in the largest e-commerce acquisition of all time. That year Fortune named him one of its “40 under 40″ and Vox named him to its Recode 100 list. Cohen remained CEO following the acquisition and operated the business largely as an independent unit of PetSmart.In March 2018, he stepped down as CEO to pursue personal goals and spend time with his family. In June 2019, Chewy went public at a valuation of $8.7 billion.
Following the sale of Chewy, he made a significant investment in Apple, making him the largest individual shareholder of the tech company with 1.55 million shares (6.2 million split-adjusted shares as of August 31, 2020). In September 2020, he disclosed a near 10% stake in GameStop, an American video-game retailer, making him the company’s biggest individual investor. This was later increased to 12.9% on December 17, 2020, through an amended 13D filing with SEC. According to these filings, his firm, RC Ventures, has expressed willingness to get more involved with the company in order “to produce the best results for all shareholders.” Since then Cohen has been instrumental in a number of changes at GameStop, including the departure of multiple executives and eight members of the board of directors. He joined the board in January 2021 along with two former Chewy executives. He was also appointed Chairman to lead a new committee in charge of a company-wide transformation. The company has hired multiple Amazon and Chewy executives in leadership positions.
Ryan Cohen Age
He was born in the mid 80’s around 1985/1986 in the United States.
Ryan Cohen Wife
Ryan is married and has his own family. In 2018 he stepped down as CEO to pursue personal goals and spend time with his family.
Ryan Cohen Parents
He is the son of Ted Cohen. Further details about his family will be updated soon.
Ryan Cohen Net Worth
Ryan Cohen’s estimated net worth is $1 billion. He is best known for being the co-founder and former CEO of Chewy, an e-commerce company that was acquired by PetSmart for $3.35 billion in 2017.