Hamdi Ulukaya, with Chobani, in the Billionaires League.

Hamdi Ulukaya's New Success

US-based yogurt producer Chobani has made a significant leap forward by securing a $650 million equity investment recently. This new funding and strong cash flows have raised Chobani's valuation to approximately $20 billion.

Hamdi Ulukaya's Increasing Wealth

With this development, the fortune of Chobani's founder and majority shareholder Hamdi Ulukaya has been determined to be over $11 billion, according to the Bloomberg Billionaires Index. Thus, Ulukaya has entered the ranks of the world's wealthiest 500 people for the first time.

Chobani's Growth Potential

S&P Global Ratings released a report noting that Ulukaya's stake in the company is 83.5%. According to Bloomberg's analysis, Chobani's value is approximately $14 billion, based on the average sales and earnings multiples of competitors in the rapidly growing packaged food and beverage sector.

Comments on Market Evaluations

Stephens Inc. analyst Jim Salera commented that the $20 billion valuation seems high, stating, "It is really a tough time to make a valuation about this amount."

Future Plans

With the investment it has received, Chobani plans to develop projects for the construction of its third dairy products factory in Rome, New York, and for increasing capacity at its Twin Falls facility in Idaho.