Steve Cohen

$22.98 B

Ranked #108 in World

About Steve Cohen

Steven A. Cohen, renowned American hedge fund magnate and New York Mets owner, has a storied career, marked by a $1.8 billion fine for insider trading in 2013 and a subsequent two-year ban from managing external funds. Cohen, a Wharton economics graduate, embarked on his investment journey with Gruntal & Co. in 1978. By 2009, his S.A.C. Capital Advisors managed $14 billion. Despite legal challenges, including a reborn case from 2013, Cohen founded Point72 Ventures in 2014 and supported Melvin Capital with $2.75 billion during the GameStop saga in 2021. His philanthropy includes donations of $715 million, notably establishing mental health centers for veterans.

Born

June 11, 1956 in Great Neck, New York, U.S.

Age

69 years

Source Of Wealth

Hedge Funds

Industries

Finance & Investments

Citizenship

United States

Residence

Greenwich, Connecticut

Education

Bachelor of Arts/Science, University of Pennsylvania, The Wharton School

Spouse

Patricia Finke (Married: 1979; Divorced: 1990), Alexandra Garcia (Married: 1992)

Steven A. Cohen, an American hedge fund manager and owner of the New York Mets of Major League Baseball, was born into a Jewish family in Great Neck, New York. He attended John L. Miller Great Neck North High School and graduated in 1974. Cohen then went on to pursue an economics degree from the Wharton School at the University of Pennsylvania, graduating in 1978.

Steve Cohen: Family

Cohen has been married twice. His first marriage was to Patricia Finke, with whom he has two children. He later married Alexandra "Alex" Garcia.

Steve Cohen: Career Highlights

Cohen began his investment career as a junior trader at Gruntal & Co. in 1978. In 1992, he founded S.A.C. Capital Advisors with $10 million of his own money and $10 million from outside capital. The firm managed $14 billion in equity as of 2009.

In 2014, Cohen founded Point72 Ventures, a venture capital fund. He also became a minority owner of the New York Mets in 2012 and purchased a controlling interest in the team in 2020.

Steve Cohen: Companies

Cohen is the founder of hedge fund Point72 Asset Management and S.A.C. Capital Advisors.

Steve Cohen: Major Achievements

Cohen is known for his successful investment strategies and has been recognized for his achievements in the financial industry. He was inducted into the Institutional Investors Alpha's Hedge Fund Manager Hall of Fame in 2008.

Steve Cohen: Awards & Achievements

In addition to his induction into the Hedge Fund Manager Hall of Fame, Cohen has received numerous other awards and accolades throughout his career, including being ranked the 30th richest person in the United States by Forbes Magazine and the highest-earning hedge fund manager in 2014.

Steve Cohen: Personal Life & Legacy

Cohen is known for his philanthropy and has donated over $715 million to various charitable causes throughout his life. He serves on the board of trustees of the New York-based Robin Hood Foundation and established the Cohen Veterans Network to provide mental health centers for veterans.

Cohen is also an avid art collector, with an estimated art collection worth around $1 billion.

He owns or has owned artworks by famous artists such as Picasso, Warhol, and Koons, and purchased the world's most expensive sculpture, Alberto Giacometti's Man Pointing, in 2015.

Steve Cohen: Trivia

Cohen has been involved in several controversies throughout his career, including insider trading charges and a racketeering lawsuit filed by his ex-wife. He settled his civil case with regulators in 2016 and was prohibited from managing outside money until 2018. S.A.C. Capital Advisors pleaded guilty to insider trading charges and paid $1.8 billion in penalties.

Cohen also made headlines in 2021 when he invested $2.75 billion into Melvin Capital during the GameStop short squeeze. He later deactivated his Twitter account due to threats against him and his family.

Wealth History

Timeline

1974

Graduated from John L. Miller Great Neck North High School.

1978

Received an economics degree from the Wharton School at the University of Pennsylvania.

1978

Started his career as a junior trader at Gruntal & Co.

1992

Founded S.A.C. Capital Advisors with $10 million of his own money and $10 million from outside capital.

2009

Sued by his ex-wife Patricia Cohen for racketeering and insider trading charges.

2011

The racketeering and insider trading case against Cohen was dismissed.

2012

Implicated in an alleged insider trading scandal involving an ex-SAC manager.

2013

The 2nd U.S. Circuit Court of Appeals revived the racketeering and insider trading case against Cohen.

2013

SAC affiliates reached two civil insider trading settlements totaling nearly $616 million with the U.S. Securities and Exchange Commission.

2014

Founded Point72 Ventures, a venture capital fund.

2016

Settled his civil case with regulators and was prohibited from managing outside money until 2018.

2020

Purchased a controlling interest in the New York Mets.

2021

Invested $2.75 billion into Melvin Capital during the GameStop short squeeze.

Steve Cohen : FAQs

What is Steve Cohen's current net worth?

Steve Cohen's current net worth is $22.98 billion.

What is Steve Cohen's current global rank among billionaires?

Steve Cohen holds the 108th position globally among billionaires.

What is Steve Cohen's current ranking within the United States?

Steve Cohen holds the 44th position in United States.

What was the change in Steve Cohen's net worth compared to the previous year?

Steve Cohen's net worth increased by 1.35 million dollars compared to the previous year 2025, when his net worth was 22.98 billion dollars.

What is the recent change in Steve Cohen's net worth?

Steve Cohen's net worth increased by 1.29 million dollars recently, a 0.01% increase, with his net worth standing at 22.98 billion dollars.

What are Steve Cohen's main sources of wealth?

Steve Cohen's main source of income comes from Hedge Funds.

In which industry does Steve Cohen primarily operate?

Steve Cohen is primarily involved in the Finance & Investments industry.

What is Steve Cohen educational background?

Steve Cohen holds a Bachelor of Arts/Science from the University of Pennsylvania from The Wharton School.

How old is Steve Cohen?

Steve Cohen is 69 years old.

How many children does Steve Cohen have?

Steve Cohen has 7 children.

Who is Steven A. Cohen and what is his connection to Major League Baseball?

Steven A. Cohen is an American hedge fund manager and the owner of the New York Mets of Major League Baseball. He's the founder of Point72 Asset Management and the former S.A.C. Capital Advisors.

What were the insider trading allegations against Steven A. Cohen's S.A.C. Capital Advisors?

S.A.C. Capital Advisors, founded by Steven A. Cohen, pleaded guilty to insider trading charges and agreed to a settlement involving $1.8 billion in fines in 2013. Cohen himself was prohibited from managing outside money for two years.

What are some key facts about Steven A. Cohen's involvement with the New York Mets?

Steven A. Cohen first became a minority owner of the New York Mets in 2012 and then purchased a controlling interest in the team in 2020, becoming a significant figure in Major League Baseball.

What philanthropic efforts is Steven A. Cohen known for?

Steven A. Cohen has donated $715 million to various causes and is involved with charities such as the Robin Hood Foundation. He also established the Cohen Veterans Network to aid veterans with mental health services.