Steve Cohen

Steve Cohen Net Worth, Age, Family & Biography
Founder, Point72 Asset Management $19.8 B Real Time Net Worth #96 in the world today

About Steve Cohen

The New York Mets Major League Baseball team is owned by Steve Cohen, a well-known American hedge fund manager. He was brought into the world in Extraordinary Neck, New York, and moved on from the Wharton School of the College of Pennsylvania. He is the pioneer and Chief of mutual funds firm Point72 Resource. The executives, oversee around $27 billion in resources starting around 2023.

Steve Cohen
MAKING THE SCENE Steven A. Cohen, left, the art collector, with Larry Gagosian, the gallery owner.

Steve Cohen Family

Steve Cohen, the owner of the New York Mets and well-known American hedge fund manager, was born on June 11, 1956, in Great Neck, New York. He grew up as the third of eight kids to a piano instructor mother and a piece of clothing maker father.

Steve Cohen Education

When he was in high school, he took a liking to poker and often bet his own money in tournaments. He says that the game taught him “how to take risks.” Cohen played soccer for the John L. Miller Great Neck North High School soccer team when he graduated in 1974. Cohen got a financial aspects degree from the Wharton School at the College of Pennsylvania in 1978. Cohen was initiated as a brother of the Zeta Beta Tau fraternity’s Theta chapter, where he was treasurer, while he was in school. A friend aided him in opening a brokerage account with $1,000 of his tuition money while he was in school.

Steve Cohen Career

Cohen began his career as a junior trader at Gruntal & Co. in 1978. He went on to work for Shearson Lehman Brothers, Bear Stearns, and other companies before establishing SAC Capital Advisors in 1992. After allegations of insider trading led to the closure of SAC Capital Advisors in 2016, Cohen was prohibited from managing external capital until he established Point72 Asset Management in 2018.

It’s important to know that there is one more Steve Cohen, a senator from Tennessee’s ninth locale, who is inconsequential to the multifaceted investments chief and money manager referenced previously.

In 1978, subsequent to moving on from Wharton, Cohen found a Money Road line of work as a lesser dealer in the choices exchange division at Gruntal and Co. In his initial experience at work at Gruntal and Co., he made an $8,000 benefit.

The organisation’s name ‘SAC Capital’ is derived from Steven A. Cohen’s initials. The Wall Street Journal reported in 2006 that Cohen now holds an increasing number of equities for longer periods of time, whereas he was once a rapid-fire trader who got trading positions for extended periods of time.

Steve Cohen
Steve Cohen at the SportiConference Invest In Sports 2023 at The Times Center on October 11, 2023 in New York City 

Steve Cohen Facts

When Cohen offered to buy Picasso’s Le Reve from casino tycoon Steve Wynn for $139 million in 2006, he tried to buy the most expensive piece of art ever. Wynn, who has retinitis pigmentosa and poor vision, accidentally thrust his elbow through the painting as he showed it to a group of friends in his office at Wynn Las Vegas just days before it was going to Cohen.

Steve Cohen Net Worth

Forbes Magazine estimates that Cohen will be the richest person in the United States in 2023 with a fortune of $19.8 billion. In a 2006 article in The Wall Street Journal, Cohen was referred to as “the hedge fund king.”

Personal Information

Full Name Steve Cohen
Father’s Name Not Mention
Mother’s Name Not Mention
Siblings Gary, Cindy, Marty, Stacey, Wendy, Donald, Russell
Date Of Birth 11 June 1956
Age 67 Years
Birth Place Great Neck, New York, United States
Height 5’ 8”
Education Graduate
Net Worth $19.8 Billion
Profession Businessman
Relationship Status Married
Steve Cohen
Representative Steve Cohen, a Democrat from Tennessee and ranking member of the House Transportation and Infrastructure Subcommittee on Aviation, speaks during a hearing in Washington, DC, US, on Tuesday, Feb. 6, 2024.

Also Read:

Philip Anschutz Net Worth, Age, Family & Biography

Johann Rupert Net Worth, Age, Family & Biography

Thomas Struengmann Net Worth, Age, Family & Biography