Biography
Steve Cohen is among the world's most closely watched billionaires from UNITED STATES, with an estimated fortune of $23B. The bulk of Steve Cohen's wealth comes from Hedge funds, closely tied to Hedge funds. Steven A. Cohen is an American hedge fund manager, philanthropist, and the owner of the New York Mets. Born in 1956, Cohen's career began on Wall Street in 1978, quickly rising through the ranks at Gruntal & Co. His wealth source is primarily hedge funds, building a successful career managing proprietary capital before founding SAC Capital Advisors in 1992. After a legal settlement related to insider trading, he founded Point72 Asset Management in 2014. Beyond finance, Cohen is known for his extensive art collection and significant philanthropic endeavors, including the Steven & Alexandra Cohen Foundation, which supports various causes such as veterans' health and education. His estimated net worth is 23.0 billion. Key career milestones include Junior Trader at Gruntal & Co. (1978); Founded SAC Capital Advisors (1992); Founded Point72 Asset Management (2014); Acquired New York Mets (2020). This profile documents verified holdings, career milestones, and multi-year net worth history drawn from Forbes rankings, company filings where available, and our editorial methodology. Readers use it to understand how public markets, private company stakes, and major business bets shape one of the largest personal fortunes on record. Wealth estimates move with stock prices, funding rounds, and disclosed transactions—figures on this page are research estimates, not cash balances. We publish year-by-year net worth history when verified data exists, link to primary sources, and update profiles when Forbes Real-Time Billionaires or major filings change the picture materially. For investors and researchers, the most useful reading pairs the headline number with ownership structure, geography, sector exposure, and the multi-year history chart on this page—especially during volatile markets when single-day moves can shift rankings without any operational change at the underlying companies.