The Unstoppable Rise of Ryan Cohen: The Billionaire Behind GameStop and Chewy

Alright, buckle up Slaytition tribe, because we’re diving into the explosive story of a man who redefines the very meaning of tenacity and vision – Ryan Cohen. If you haven’t heard of him, then it’s time to come out from under that rock and get ready to absorb some golden lessons in success and unrelenting ambition. This Canadian-born prodigy is setting the business world on fire, and at a staggering $4 billion net worth at only 38 years old, he’s not just a billionaire – he’s a freakin’ Titan.

Early Hustle: The Genesis

You know what separates the winners from the losers? The right mindset, early on. Ryan Cohen started tasting business blood at the tender age of 15, while most of you were probably jerking around playing video games. Cohen was different. He knew he wanted more and he wasn’t going to wait around for handouts. He began by collecting fees from e-commerce site referrals. You ever thought of that at 15? I doubt it. Cohen was already making power moves when most people are figuring out how to tie their shoes.

From Humble Beginnings to Chewy.com Titan

Fast forward to 2011. Cohen co-founded Chewy.com, an online pet retailer that was more than just a business; it was a revolution. With a killer product, a relentless drive, and some sharp investors backing him, Cohen transformed a humble startup into a pet juggernaut. Chewy’s sales soared from $205 million in 2014 to $423 million in 2015. This isn’t just growth; this is skyrocket-to-the-moon kind of stuff, people.

When he sold Chewy in 2017 for a jaw-dropping 3.35 billion, Cohen could have retired and sipped cocktails on a beach for the rest of his life. But here’s the kicker – *he didn’t.* He took a monstrous reported $500 million of his total share and threw it into just two stocks: Apple and Wells Fargo. Yeah, that’s right, he committed a financial taboo and threw caution to the wind. While conventional financial advisors clutched their pearls, Cohen knew that playing it safe wasn’t in the cards for him. In his own words, “When I find things I have a lot of conviction in, I go all-in.”

King of the Meme Stocks: The GameStop Saga

But the story doesn’t end there. Enter the stage: GameStop. Cohen didn’t just dip his toes into the stock market; he cannonballed in. In 2020, he bought a 13% stake in GameStop, instantly becoming the company’s largest investor. The timing was impeccable, aligning perfectly with the meme stock frenzy of 2021. Shares skyrocketed by an insane 2,500%, and Cohen was right at the heart of this financial revolution. By now, he was no longer just a successful entrepreneur; he was hailed as the “king” of meme stocks. The film “Dumb Money” in 2023 will tell you the rest – it’s blockbuster material, people.

The Anti-Typical Billionaire: Living Modestly, Thinking Big

Now, you’d think with billions in the bank, Cohen would live like a modern-day Gatsby, right? Wrong. This isn’t Hollywood – this is Ryan Cohen’s reality. Unlike the typical billionaire with ostentatious estates and fancy cars, Cohen’s lifestyle is surprisingly grounded. He owns a single home in Florida, the same car he’s driven for years, and puts virtually nothing into hedge funds or private equity. Why? Because Cohen’s got a laser-focused strategy. He calls his own shots, finds value where others see risk, and stays convicted to his long-game plays.

What’s Next?

So, what can we learn from Ryan Cohen? First, your age or beginnings don’t matter. It’s your hustle, your grind, and your relentless ambition that shape your destiny. Second, when you find something you truly believe in, go all-in. Damn the risks, damn the naysayers, and charge forward.

Want to sit on the sidelines and play it safe? Fine, watch others like Cohen lap you a thousand times over. But if you’re looking for the blueprint to monumental success, take a page out of Cohen’s book: think big, act bigger, and never stop hustling. You might not become a billionaire overnight, but you’ll be a hell of a lot closer to it than you ever were playing it safe.

So, whether you’re a budding entrepreneur, a stock market enthusiast, or just someone hungry for success – remember the name Ryan Cohen. Learn from him, get inspired by him, and watch how the game changes when you play it with unwavering conviction and relentless drive.

Now get out there and conquer. Cohen-style!

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He committed a financial taboo and threw caution to the wind. While conventional financial advisors clutched their pearls, Cohen knew that playing it safe wasn’t in the cards for him. In his own words, When I find things I have a lot of conviction in, I go all-in. Lesson: When you find something you truly believe in, go all-in. Damn the risks, damn the naysayers, and charge forward.

Source: @sonya_revell

When he sold Chewy in 2017 for a jaw-dropping 3.35 billion, Cohen could have retired and sipped cocktails on a beach for the rest of his life. But here’s the kicker – he didn’t

Source: @Businessweek

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