America's Most Secretive Billionaire?

By Steven Perlberg

Richard B. Cohen has $11.2 billion, but you won't find him on any international wealth ranking.

Bloomberg has a new profile of Cohen, the hyper-private chairman of C&S Wholesale Grocers, described as "the biggest company no one has ever heard of."

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Fittingly, Cohen was not interviewed for the piece (he hasn't done an interview in a decade). The epitome of stealth, he even keeps the company's delivery trucks unmarked.

From Bloomberg:

The 61-year-old -- who goes by "Rick" -- has transformed C&S into the world's largest grocery wholesaler since taking the helm of the business in 1989, making him one of the 100 richest people in the world and the wealthiest man in New England after Connecticut hedge-fund manager Raymond T. Dalio, according to the Bloomberg Billionaires Index.

The company had sales of $21.7 billion in 2012, distributing more than 95,000 products to 4,000 supermarkets from Maineto Hawaii. Cohen is the business' sole owner, Granger said. He has a net worth of $11.2 billion, according to the Bloomberg index.

So what is the billionaire like (other than private)? He's "smart, analytic and quantitatively driven" according to a Harvard professor who had written a case study on the company.



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peteh6570

Hm....the post count keeps dropping on this story. Selective censorship of those critical of C&S.

August 07 2013 at 1:39 PM Report abuse rate up rate down Reply
DON

wow - being a billionaire mr - cohen - whats it like if you cannot enjoy the quality of life - being alive - we never get a second chance - our minds can be wrong - enjoy life RICK COHEN - GIVE ALL YOUR MONEY TO ME - ILL DISTRIBUTE IT WISELY AMONGST NECESSARY GOOD PEOPLE THAT HAVE A GUARDIAN ANGEL

August 07 2013 at 1:05 AM Report abuse rate up rate down Reply
HerrHotz

I wonder if he has enough money yet???

August 07 2013 at 12:59 AM Report abuse rate up rate down Reply
jamesw34677

Just doing his job does not need to talk about it to anyone. People should learn from him job comes number one stop complaining about the pay it comes in time

August 06 2013 at 10:53 PM Report abuse +1 rate up rate down Reply
contactjohn

When I was a kid this is how wealth handled itself, with class, you just did not discuss money & wealth, the subject was considered tawdry and I certainly agree that today it is easier to drag a camel through the eye of a needle then it is to get rich man into heaven... (thanks to hedge funds, speculative banking, commodities futures trading and of course Wall Street and the City of London where the icon of the pig is ever so appropriate to describe their class.

August 06 2013 at 10:24 PM Report abuse +1 rate up rate down Reply
salva1onegiann

To be fair though inherited money wasn't worked for money at least not in this lifetime.Maybe in a previous one ,but then who would know that for sure?So, if you believe in Karma then he will either keep that money or lose it depending on his personal Karma.A fool and his money are soon parted.

August 06 2013 at 6:59 PM Report abuse rate up rate down Reply
Sassydar

I wish one of these Rich Millionaires would help me out of a $45,00.00 dept. so I can die in peace. I would pray for them all of my life.

August 06 2013 at 6:42 PM Report abuse rate up rate down Reply
gasshauler

C&S is just like Walmart. He is rich and he runs his employees into the ground. His trucks are unmarked because they are not his trucks. The trucks and drivers are all leasing company owned, that pay low wages, and the drivers have no recourse against him. Outrageous accident rates and very large turnover rate for drivers and wharehouse help.

August 06 2013 at 6:01 PM Report abuse rate up rate down Reply
wurkinman1

yeah my friend works for his store in ny...they are closing it in Nov and she is getting laid off

August 06 2013 at 5:18 PM Report abuse +1 rate up rate down Reply
pfn53

20,000 people work for C&S. sounds like he takes care of a lot of people, especially when you add in the family members that rely on those jobs. . the unions put more people out of work than C&S. Check out all the wholesalers that have gone out of business across the country. Lot's were union. Get lean and mean, and there is plenty of work out there. Unions sure showed everybody how tough they can be. push for more and more, and the jobs will go somewhere else. Simple economics.

August 06 2013 at 5:00 PM Report abuse +1 rate up rate down Reply

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