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Economy
In reply to the discussion: STOCK MARKET WATCH -- Monday, 19 August 2013 [View all]Demeter
(85,373 posts)4. Hidden Billionaire Cohen Hauls Fortune in Unmarked Trucks
http://www.bloomberg.com/news/2013-08-05/hidden-billionaire-cohen-hauls-fortune-in-unmarked-trucks.html
Theres a reason why Richard B. Cohen escapes attention. The chairman of C&S Wholesale Grocers Inc. works out of a nondescript office park once slated to house a county jail in Keene, New Hampshire, a leafy mountain hamlet 90 miles northwest of Boston. The truckers who deliver goods from the companys 54 distribution centers drive unmarked tractor-trailers. Cohens last interview was published a decade ago. Even the Keene Chamber of Commerce overlooked C&S as one of the towns largest employers.
The 61-year-old -- who goes by Rick -- has transformed C&S into the worlds 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 Maine to Hawaii. Cohen is the business sole owner, Granger said. He has a net worth of $11.2 billion, according to the Bloomberg index, and has never appeared on an international wealth ranking -- a status one associate said suits him just fine.
MORE AT LINK....A PHOTO ALBUM OF A PRIVATE COMPANY...
Theres a reason why Richard B. Cohen escapes attention. The chairman of C&S Wholesale Grocers Inc. works out of a nondescript office park once slated to house a county jail in Keene, New Hampshire, a leafy mountain hamlet 90 miles northwest of Boston. The truckers who deliver goods from the companys 54 distribution centers drive unmarked tractor-trailers. Cohens last interview was published a decade ago. Even the Keene Chamber of Commerce overlooked C&S as one of the towns largest employers.
Were the biggest company no one has ever heard of, Bryan T. Granger, a company spokesman, said by phone.
The 61-year-old -- who goes by Rick -- has transformed C&S into the worlds 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 Maine to Hawaii. Cohen is the business sole owner, Granger said. He has a net worth of $11.2 billion, according to the Bloomberg index, and has never appeared on an international wealth ranking -- a status one associate said suits him just fine.
MORE AT LINK....A PHOTO ALBUM OF A PRIVATE COMPANY...
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