⬅ # 95 Vicky Safra|# 97 Radhakishan Damani ➡

# 96 Steve Cohen 

$20.1B

Real Time Net Worth
as of 5/13/2024
$344.3k (0.00%)

# 96 Steve Cohen 

$20.1B

Real Time Net Worth
as of 5/13/2024
$344.3k (0.00%)
OccupationFounder, Point72 Asset Management
Source of WealthHedge Funds
Age67
ResidenceGreenwich, Connecticut
Marital StatusMarried
Children7
EducationBS, University of Pennsylvania, The Wharton School
Age-Adjusted Net Worth$12.5B
Steve Cohen
Steve Cohen
United States
Net worth: $20.1B

Self-Made Score 

Wealth History

Hover or tap to reveal net worth by year
Loading Chart

Biography

Early Life and Education

Steven A. Cohen was born on June 11, 1956 in Great Neck, New York
His father was a dress manufacturer, and his mother was a piano teacher
High School: John L. Miller Great Neck North High School (Class of 1974)
College: University of Pennsylvania (Wharton School, Class of 1978)
Fraternity: Zeta Beta Tau - Theta chapter (Treasurer)

Career Highlights

Gruntal & Co. (1978–1992): Started as junior trader, eventually managed a $75 million portfolio
S.A.C. Capital Advisors (1992–2016): Founded with $10 million, managed $14 billion in equity by 2009
Point72 Ventures (2014–present): Founded venture capital fund
New York Mets: Became minority owner in 2012, acquired controlling interest in 2020

Legal Issues

SAC Capital Advisors: Pleaded guilty to insider trading charges in 2013, paid $1.8 billion in penalties
Personal Lawsuit: Faced racketeering and insider trading charges in 2009, settled in 2013
SEC Investigation: Implicated in insider trading scandal in 2012, settled in 2016

Art Collection

Worth: Approximately $1 billion
Notable Purchases: Picasso's Le Rêve for $150 million, Jeff Koons's Rabbit for $91.1 million
Building Private Museum: Reportedly constructing one on Greenwich property

Personal Life

Marriages: Patricia Finke (1979–1990), Alexandra Garcia (since 1991)
Residence: 35,000-square-foot home on 14 acres in Greenwich, Connecticut

How long would it take you to become as rich as Steve Cohen?

If you started with $10,000 and invested an additional $500 each month at a 44.01% CAGR, it would take you 5 years to reach Steve Cohen's net worth of $20.1B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 40.45% compared to 10.08% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Steve Cohen is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Steve Cohen, Hedge Funds is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey