Steven A.Cohen is a famous American hedge fund manager, investor along with being a great philanthropist. He is the founder of asset management Company along with SAC which was both based in Stamford in Connecticut. He is a wealthy person and named in Forbes among one of the richest businessmen in his country. If you want to know more about life, career, biography and net worth of Steve Cohen in 2018, then you can read this article ahead.
Early Life & Biography
He was born on 11th June in the year 1956 in Great Neck in New York. His mother was a part-time piano teacher while his father was a dress manufacturer. He used to like poker during his high school and often used to bet his money during the tournaments. He received economics degree from the Wharton School in the year 1978.
Cohen has been married two times, and at first, he was married to Patricia Finke in the year 1979. Both of them had two children, and then they divorced in the year 1990. In the year 1992, he got married to Alexandra Garcia. In the year 1998, he purchased a home on 14 acres in Greenwich. He is also among the board of trustees in Robin Hood Foundation. In the year 2009, he and his brother, Donald were sued by the ex-wife of Steven for insider trading charges.
Career, Awards & Nominations
He got a job as a Wall Street as a junior trader in the options arbitrage department. In the year 1978, he managed to $75 million portfolios. He made a profit of $8,000 during his first day at the job. He has been named in the hedge fund manager hall of fame in the year 2008. He started running his own trading group in the year 1984. Later on, he began his company SAC. In the year 1992, he started SAC capital advisors with a fund of $20 million earned by him.
In the year 2016, he was ranked among the richest person in the US, and he had the fortune of $13 billion at that time. By the Wall Street Journal, he was dubbed as hedge fund king in the year 2006. He has always been involved in the philanthropic works and art collection. He gave a huge amount of money to the various charities and foundations
Net worth & Earnings
The net worth of Steve Cohen is around $13 billion. He has his own hedge fund firm, and he ran SAC capital for a long time earlier. He has spent around $630 million for philanthropic works in his life. He supports children’s health and veterans in the world.
He started collecting artistic things in the year 2000 and then he was ranked in the top 10 list of biggest spending person in the art collection. Actually, his taste keeps changing in art, and that’s why he keeps buying new artistic things from time to time. He has been married two times and art present he is married to Alexandra.