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Here you will find all the information about Steve Cohen net worth 2022, Steve Cohen net worth forbes and so on.

Who Is Steve Cohen

Steve Cohen net Worth 2022

Steve Cohen was born in Great Neck, New York, to a piano teacher and a garment manufacturer. He was the third of eight children. After graduating from the University of Pennsylvania’s Wharton School with a degree in economics, he took a job as an options trader at New York-based brokerage Gruntal & Co. in 1978. Cohen was running his own trading division within the company by 1984.

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He left Gruntal in 1992 and started hedge fund operator SAC Capital Advisors with $25 million, much of it his own money. The company had average annual returns of about 30 percent before fees, which on some funds are as high as 3 percent of assets and 50 percent of profits. His best year was 2000, when SAC returned 73.4 percent before fees.

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The majority of Cohen’s fortune is derived from his holdings in hedge funds operated by Point72 Asset Management. The firm had about $24.4 billion in assets under management in April 2022, according to the firm’s website, of which about $8.4 billion belongs to Cohen.

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Artworks he owns were valued at about $1 billion in 2015, according to two people familiar with his assets who asked not to be identified because the collection is private. Personal assets, including a 14-acre estate in Greenwich, Connecticut, are valued at about $400 million.

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The billionaire owns 95% of the New York Mets, according to a Bloomberg News report. The team is valued based on an April 2022 analysis by valuation consultants Sportico.

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Cohen’s firm — then known as SAC Capital Advisors — agreed in November 2013 to plead guilty to securities and wire fraud, pay $1.8 billion in fines and forfeitures, and stop managing money for outside investors.

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According to Bloomberg News reporting in April 2018, Cohen pulled out close to $3 billion from Point72 Asset Management for taxes. He raised about $10 billion in the three years after re-opening to outside clients in 2018 following a Securities and Exchange Commission ban.

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Steve Cohen Net Worth 2022

Cohen is the owner of Point72 Asset Management, an investment adviser with about $24.4 billion in assets under management. The Stamford, Connecticut-based company was previously known as SAC Capital Advisors. Steve Cohen net worth is $12.1B dollars as of 2022. Cohen has a collection of modern art, and owns the Major League Baseball’s New York Mets.

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