Steven Cohen is a billionaire, hedge fund manager, and philanthropist from the United States. He is the founder of Hedge Funds Point 72 Asset Management and the now-defunct S.A.C Capital Advisors, both of which are based in Stamford, Connecticut.
Wiki, Bio, Family, Siblings, Childhood & Education
Steven A Cohen was born in Great Neck, New York on June 11, 1956. His father was a dress manufacturer in Manhattan’s garment district, and his mother was a piano teacher. He is the third child of seven siblings. Cohen became interested in poker while in high school and would frequently bet his money in tournaments. He credits the game with teaching him how to take risks.
He earned a bachelor’s degree in economics from the University of Pennsylvania’s Wharton School in 1978. With the assistance of a friend, he opened a brokerage account with $1000 of his tuition money. He was raised in a Jewish family.
Steven A. Cohen’s Age, Height, Weight, and Body Dimensions
Steven A Cohen, who was born on June 11, 1956, will be 66 years old on July 1, 2022. His height is 1.75m, and he weighs 89kg.
Steven A. Cohen’s Profession & Career
From 1978-1992 Cohen worked as a junior trader in Gruntal & Co’s options arbitrage department. He made $8000 on his first day of work and eventually began making $100,000 per day while managing a $75 million portfolio and six traders. By 1984, he was running his own company at Gruntal & Co, until he founded S.A.C. S.A.C Capital Advisors was founded in 1992 by Cohen with $10 million of his own money and $10 million from outside capital.
S.A.C. is an abbreviation for Steven A Cohen’s initials. On November 20, 2012, Cohen was caught up in an alleged insider trading rumor involving an ex-sac manager, Mathew Martina. Martina was convicted in 2014 in the most profitable insider-trading conspiracy in history, according to federal prosecutors.
The SEC later sued Cohen, accusing him of failing to supervise Martina and Michael Steinberg, a superior employee and confidant of Cohen. Cohen reached a settlement in January 2016 and was barred from managing outside funds until 2018. S.A.C then pleaded guilty to insider trading charges in 2013, paying $1.8 billion in penalties and agreeing to stop accepting outside investment; however, Cohen escaped criminal prosecution despite being in charge of S.A.C. In May 2016, Cohen established Point72 Ventures, an early-stage venture capital fund.
Cohen is a trustee on the board of the Robin Hood Foundation in New York. Under the Steven and Alexandria Cohen Foundation, he and his wife Alexandria have donated to projects in health, education, arts and culture, and the New York community.
Achievements and Awards
In terms of awards and recognition, Cohen was inducted into the Institutional Investors Alphas Hedge Fund Manager Hall of Fame in 2008. With the establishment of Cohen Veterans Network, his goal is to establish mental health centers for experts and their families across the United States.
He also contributes to Cohen Veteran’s Bioscience, which conducts research on the effects of posttraumatic stress disorder on combat veterans. Cohen and his wife also contributed $2.25 million to a super PAC that supported Chris Christie’s presidential campaign.
Steven A. Cohen’s Wife, Marriage & Relationship
Steven Cohen has had two marriages. In 1979, he married Patricia Finke, a New York native who grew up in the Washington Heights neighborhood of Manhattan. Before their divorce in 1990, they had two children together. Cohen later married Alexandria Garcia, a single mother of one of Puerto Rican descent, in 1991.
She grew up in Washington Heights, a suburb of Harlem, after moving from the projects. They are the parents of four children. They lived in Greenwich, Connecticut, with their seven children, but in 1998, Cohen bought a 35,000-square-foot home on 14 acres in Greenwich.
Steven A. Cohen’s Salary and Net Worth
Steven A Cohen’s net worth is estimated to be $15 billion as of July 2022. He amassed his fortune through his investments in hedge funds point72 asset management, which managed approximately £11 billion in 2017; he owns 95 percent of the company. Cohen also owns a $1 billion art collection and a 14-acre estate in Greenwich. In 2012, he purchased a 4% stake in the New York Mets.
|Celebrated Name||Steven A cohen|
|Full Name||Steven a cohen|
|Age||66 years old|
|Birth Date||June 11, 1956|
|Birth Place||Great neck, new york the USA|
|Wife||Patricia Finke (m1979; div 1990),Alexandria Garcia (m 1992)|
|Profession||Hedge Fund Manager, art collector, philanthropist|
|Net Worth||$15 Billion|