Billionaires
Chobani CEO’s Booming Dairy Empire Boosts Wealth to $2.5 Billion
- A measure of earnings nearly doubled last year, documents show
- Hamdi Ulukaya helped establish Greek-style yogurt in US market
Chobani said demand for consumer goods has remained strong this year and inflationary pressures remain manageable.
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The entrepreneur who popularized Greek yogurt in the US has seen his net worth rise to $2.5 billion as earnings at emerging dairy heavyweight Chobani LLC nearly doubled last year.
Hamdi Ulukaya owns just under 78% of New Berlin, New York-based Chobani, best known for its Greek-style strained yogurt. The company has expanded into oat milk, coffee creamer and drinkable yogurt in recent years, drawing in a broader range of customers. Chobani is Ulukaya’s main asset and source of his fortune, as calculated by the Bloomberg Billionaires Index.