Net Worth: $12.1 Billion
About Steve Cohen
Steven A. Cohen has an estimated net worth of $12.1 billion in May 2017, according to Bloomberg.
Cohen’s hedge fund, SAC Capital Advisors, is cooperating with investigators after two former employees were charged with insider trading in February. Launched in 1992 with $25 million, the firm now manages $12 billion.
Returned 15% net of fees in 2010. Charges some of the steepest fees in the business: 3% of assets and 35% of profits on most funds. Known to be an art collector, owns works by Willem de Kooning and Damien Hirst; recently bought 1958 “Flag” painting by Jasper Johns for which he reportedly paid $110 million. North Shore Long-Island Health System renamed its pediatric center after Cohen and his wife last year following a $50 million pledge.
The Hedge-fund manager is betting big on the late Elizabeth Taylor, who died Wednesday. Mr. Cohen has enlisted Phillips de Pury to auction off a turquoise Andy Warhol portrait of the screen star for at least $20 million at its major sale of contemporary art on May 12 in New York.
Citizenship: United States ,Residence: Greenwich, CT
Marital Status:Married, Children:7