For readers curious about the impressive financial world of Steven Cohen net worth, We, Ando Money, are diving into what makes Cohen one of the most intriguing figures on Wall Street. Known as the ‘hedge fund king’, Cohen is not only a force in Point72 Asset Management but also a major presence in sports, philanthropy, and beyond.
Here, we’ll explore the latest estimates, his finances, and how he compares to other top earners in finance and sports. Let’s see how he stands among other influential figures and what makes him a notable player in the financial industry.
Quick Facts
| FACT | DETAIL |
|---|---|
| Real Name | Steven A. Cohen |
| Popular Name | Steve Cohen |
| Gender | Male |
| Birth Date | June 11, 1956 |
| Age | 68 |
| Parents | Father – Dress Manufacturer, Mother – Piano Teacher |
| Siblings | Russell Cohen, Wendy Cohen, Donald Cohen, Stacey Cohen, Marty Cohen, Cindy Cohen, Gary Cohen |
| Birthplace | Great Neck, New York, United States |
| Nationality | American |
| Ethnicity | Jewish |
| Education | Wharton School (1978), John L Miller North High School (1974), University of Pennsylvania |
| Marital Status | Married |
| Spouse | Alexandra Cohen (m. 1992), Patricia Cohen (m. 1979–1990) |
| Children | Six |
| Dating | N/A |
| Net Worth | $21.3 billion |
| Source of Wealth | Hedge funds |
| Height | N/A |
What is the Net Worth Of Steven Cohen in 2024?
Steven Cohen’s net worth in 2024 is estimated at $21.3 billion, making him a central figure in the financial landscape. Compared to others in the industry, Cohen’s assets in Point72 Asset Management and other ventures highlight his position among top financiers.
For comparison, here are some other influential figures associated with finance, hedge funds, and sports management:
- Ken Griffin
- David Tepper
- Carl Icahn
- Warren Buffett
- Daniel Och
- Leon Black
- Steve Schwarzman
- Larry Fink
- George Soros
- James Simons
For a deeper look at other top richest Wall Street players, explore influential Wall Street earners.
Steven Cohen Salary and Finance Overview
Point72 Asset Management Overview
Founded by Cohen in 2014 after closing SAC Capital, Point72 Asset Management is where Cohen channels his investment skills today. The firm manages $35 billion in assets and primarily focuses on equity and bond trading.
Notably, Point72 has helped redefine hedge fund management, as Cohen returned to managing outside capital after a temporary ban from the SEC. Point72’s ventures and early-stage investments make it an impressive powerhouse in financial markets.
SAC Capital Advisors and Insider Trading Scandal
Steven Cohen’s earlier success came from SAC Capital Advisors, a firm that started in 1992 with just $20 million and quickly grew into one of Wall Street’s most influential hedge funds.
However, in 2013, SAC faced a significant insider trading scandal, resulting in a $1.8 billion fine. The firm was shut down, but Cohen himself remained legally protected from direct charges and continued to innovate in finance with Point72.
Philanthropy and the Cohen Foundation
Beyond finance, Cohen has built a legacy in philanthropy. With his Cohen Veterans Network, he provides mental health services to veterans and families across the U.S., aiming for up to 25 centers nationwide.
Through the Steven & Alexandra Cohen Foundation, he also contributes to health, education, and arts, emphasizing veterans’ needs and children’s health. He has donated over $1 billion to charitable causes.
New York Mets Ownership
In 2020, Cohen purchased the New York Mets, achieving his long-time dream of owning a major league baseball team. The acquisition, valued at $2.4 billion, made him one of the few financiers to expand into sports ownership at such a level.
As a Mets fan, Cohen has invested in the team’s growth, aiming to revive their performance and community engagement, with his wife Alexandra as president of the Amazin’ Mets Foundation.
Art Collection Value and Interests
Cohen’s art collection is renowned for its value, estimated at around $1 billion. He owns works by Jackson Pollock, Damien Hirst, and Jeff Koons, often investing in modern and impressionist pieces.
In 2015, he set a record with the $150 million purchase of Le Rêve by Picasso. Additionally, he plans to build a private museum on his Greenwich property, which will house some of his prized pieces.
Awards & Nominations
- Institutional Investors Alpha’s Hedge Fund Manager Hall of Fame, 2008
- Time 100 Most Influential People, 2007
- Notable donor recognition in arts, including the Museum of Modern Art and the LA MOCA
- Featured as the inspiration for Showtime’s Billions character, Bobby Axelrod
- CNBC recognition for contributions to veteran mental health programs
FAQs About Steven Cohen
What is Cohen’s primary business?
Cohen is primarily known for founding and managing Point72 Asset Management, a leading hedge fund firm.
How did he acquire the New York Mets?
In 2020, he acquired a controlling stake in the New York Mets for approximately $2.4 billion, fulfilling a longtime goal.
Does he have a history of legal issues?
Yes, SAC Capital Advisors, Cohen’s former firm, faced insider trading charges, resulting in a $1.8 billion fine. Cohen himself, however, was not criminally charged.
What philanthropic causes does he support?
Through the Cohen Veterans Network and his foundation, Cohen focuses on veterans’ mental health, children’s health, and educational causes.
Where did Steven Cohen study?
He graduated with an economics degree from the Wharton School at the University of Pennsylvania.
Conclusion
Explore more in-depth analysis on Steven Cohen net worth and his financial influence at www.andomoney.com. Let’s hear your thoughts in the comments!
