Chobani CEO’s Booming Dairy Empire Boosts Wealth to $2.5 Billion

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.

Chobani generated $2.53 billion in net sales in 2023, up 12% ...