Steven Cohen wiki and net worth
Steven Cohen who is a American Hedge Fund Manager was born on 11th June 1956. He is a founder of the SAC Capital Advisors which is based in Stamford, Connecticut. It focuses primarily on the equity market strategies. He is the native of Great Neck, New York US. As a child, he was named as Steven A. Cohen. He was grown up in Jewish family. He is the son of the dress manufacturer in Garment district of Manhattan and a part time piano teacher. He was born the third oldest among the eight children to his parents. He has seven siblings. Among them, seven are brothers and a sister. As high school student, he took liking to the poker. He often bet his money n the tournaments. He attended the Wharton School at University of Pennsylvania and from there, he earned himself a degree in economics in the year 1978. Steven was brother of the Zeta Beta Tau fraternity Theta Chapter.
After completing his graduation, he began to serve as junior trade in options arbitrage department at the Gruntal & Company. It was in the year 1978. There, he eventually managed $75 million portfolio and the sic traders. He made the profit of $8000 in his first day at his job at the Gruntal & Company. By 1984, he was running his own Trading Group at Gruntal. He continued t run it till he started his own company called SAC. It was in the year 1992 when he started the SAC Capital Partners with $20 million of the own money. Today, the firm manages $14 in the equity.
Prior to that, Steven is also an art collector. He began to collect the art in the year 2000. Since then he has become the prominent collector. He had made his appearance on the Top 10 list of the biggest spending art collectors around world of Art New Magazines every year since 2002. In addition to that, he is also in the list of Top Billionaire Art Collectors of Forbes Magazine in 2005. Till date, he has bought over $700 million of the art work. In addition to that, he owns between 4.7% and 5.9% of stock of Sotheby’s auction house that has been described as the significant stake.
To talk about his personal life, Cohen has married twice. At first, he was married to Patricia Finke who is the native of New York. They got married with each other in the year 1979. Steven has two children together with Patricia. Later, they got divorced in 1990 due to some personal reason. After that, Cohen remarried with Alexandra Garcia who was a working single mother. The couple exchanged their vows with each other in 1992. Cohen and Garcia have four children together. Currently, he is residing in Greenwich, Connecticut along with her wife and seven children, their four children, one Garcia’s prior child and two children from his previous marriage. The Cohen family purchased the 35000 sq. foot home on the 14 acres in 1998 in Greenwich Connecticut.
Apart from that, Cohen is now at the age of 58 and his net worth is estimated as $11.1 billion. He was ranked at the 109th Richest Man in the World by Forbes as well as he is also in 35th position overall in Unites States. Cohen also serves on board of trustee of the brown university and Robin Hood Foundation that is based in New York. In addition to that, he was also ranked at 94th by the Time Magazine in 2007 on the annual Time 100 list of the Most Influential People. He was also included in 50 Most Influential ranking of the Bloomberg Markets Magazine. Besides that, he was also listed among one of the 40 highest earning hedge fund managers in February of 2013 by Forbes.