Steven A. Cohen is an American hedge fund manager who has owned the New York Mets of Major League Baseball since September 14, 2020, with a stake of around 97.2%. He founded the hedge fund Point72 Asset Management and the now-defunct S.A.C. Capital Advisors, both of which are situated in Stamford, Connecticut. He is a professional in short-term trades and an investor. Let’s check out Steve Cohen’s Wiki, Age, Height, Education, Investment Career, New York Mets, Family, Wife, Twitter, Net Worth, Biography & More.
Steve Cohen Wiki/Bio:
| Real Name: | Steve A. Cohen |
| Nick Name: | Steve Cohen |
| Date of Birth: | 11 June 1956 |
| Birth Place: | Great Neck, New York, U.S. |
| Zodiac Sign: | Gemini |
| Nationality: | American |
| Religion: | Christianity |
| Profession: | Hedge Fund Manager, Sports Team Owner |
Steve Cohen Age, Height, Weight:
| Age: | 67 Years (As of 2023) |
| Height: | 5Ft 10in |
| Weight: | 75 Kg |
Steve Cohen Education:
Cohen graduated in 1974 from John L. Miller Great Neck North High School, where he was a member of the soccer team.
Cohen earned a bachelor’s degree in economics from the University of Pennsylvania’s Wharton School in 1978.
Steve Cohen Investment Career:
After graduating from Wharton, Cohen got a position on Wall Street as a junior trader in the options arbitrage department at Gruntal & Co. in 1978.
Cohen founded S.A.C. Capital Advisors in 1992 with $10 million of his own money and another $10 million from other investors. The name ‘SAC Capital’ is an abbreviation for Steven A. Cohen’s initials. “SAC is one of the largest hedge funds and is recognized for frequent and quick trading,” reported the New York Times in 2003.
Steven Cohen’s ex-wife Patricia Cohen sued Cohen and his brother Donald T. Cohen for racketeering and insider trading in December 2009.
Cohen was named in a suspected insider trading incident involving an ex-SAC manager, Mathew Martoma, on November 20, 2012. From 2010 to 2013, the SEC filed charges against a number of other S.A.C. personnel, with varying degrees of success.
Cohen established Point72 Ventures, a “venture capital vehicle that makes early-stage investments,” in 2014.
As a result of the GameStop short squeeze, Cohen’s hedge firm Point72 joined Ken Griffin’s Citadel in placing $2.75 billion into Melvin Capital, the hedge fund of former Cohen protege Gabe Plotkin, in January 2021.
Cohen’s fortune was valued at $13 billion by Forbes Magazine in 2016, making him the 30th richest person in the United States. Cohen was branded “the hedge fund king” in a 2006 piece in The Wall Street Journal.
Cohen was named the highest-earning hedge fund manager in 2014 by Forbes in February 2015. Cohen’s New York penthouse in the Bloomberg Tower was advertised for sale in December 2013 for $98 million.
Steve Cohen New York Mets:
Cohen became a minority owner of the Major League Baseball (MLB) New York Mets in 2012, having an 8% ownership in the team. On August 27, 2020, various outlets reported that Cohen had entered into exclusive negotiations to purchase a controlling interest in the Mets with Fred Wilpon and Saul Katz. An agreement was reached on September 14, 2020, to give Cohen majority control of the Mets, subject to approval from MLB owners. The Mets’ sale to Cohen was approved by MLB’s ownership committee on October 20 and is awaiting final approval. The sale was formally approved by MLB owners on October 30, making Cohen the new majority owner of the Mets and the richest owner in baseball.
Cohen has also been active on Twitter, frequently seeking fan comments on how to improve the Mets baseball experience or sharing his thoughts on MLB news.
Steve Cohen Family:
Cohen was raised in Great Neck, New York, where his father worked as a dressmaker in Manhattan’s garment district and his mother taught piano. He is the youngest of seven siblings.
Steve Cohen Wife:
Cohen has had two marriages. In 1979, he married Patricia Finke, a New York native from a working-class family who grew up in New York City’s Washington Heights neighbourhood. They are the parents of two children. In 1990, they divorced.
Cohen met Alexandra Garcia, a single mother of Puerto Rican descent, in 1991.
Steve Cohen Twitter:
Steve Cohen Net Worth:
Steve Cohen’s net worth is estimated to be $17.4 billion as of April 8, 2022.
He is number 48 on Forbes 400’s list of the wealthiest Americans and number 96 on Forbes World’s Billionaires.
