Steven A. Cohen (2024)

Steven A. Cohen is the Chairman and Chief Executive Officer of Point72, a global multi-strategy asset management firm.

Mr. Cohen founded S.A.C. Capital Advisors in 1992 and converted his investment operations to the Point72 Asset Management family office in 2014. The firm later transitioned to become a registered investment advisor and began accepting outside capital in 2018.

Mr. Cohen has leveraged his lengthy career in the public markets to found Point72 Private Investments, which includes our global venture capital and growth equity strategies.

Mr. Cohen bought the iconic New York Mets major league baseball team in 2020 and serves as Chairman and CEO of the team.

An avid philanthropist and entrepreneur, Mr. Cohen has founded and holds active leadership roles in a number of nonprofit organizations.

Mr. Cohen and his wife, Alexandra, founded theSteven & Alexandra Cohen Foundation in 2001. The Cohen Foundation is committed to achieving lasting and meaningful change through commitments toward Lyme and tickborne disease research, underserved communities, children, the arts, and sustainability. Mr. Cohen createdCohen Veterans NetworkandCohen Veterans Biosciencein 2015 to improve the mental healthcare, treatment, and quality of life for veterans and their families.

Mr. Cohen also serves on the Emeritus Board of the Robin Hood Foundation and the Museum of Modern Art (MoMA) Board of Trustees.

Mr. Cohen received a BS in economics from The Wharton School at the University of Pennsylvania. He began his investing career at Gruntal & Co., where he managed proprietary capital for 14 years before starting his own investment business.

Steven A. Cohen (2024)

FAQs

Is Bobby Axelrod based on Steve Cohen? ›

In the Showtime/Sky TV series, the character of Bobby Axelrod is said to be loosely based on Steven Cohen. Cohen was the hedge fund manager of S.A.C Capital.

What is Stephen Cohen's net worth? ›

How did Steve Cohen make his money? ›

Net Worth Summary

The majority of Cohen's fortune is derived from his holdings in hedge funds operated by Point72 Asset Management. The firm had $31.4 billion in assets under management in October 2023, according to the firm's website, of which about $10 billion belongs to Cohen according to Bloomberg calculations.

How much did Steve Cohen pay for the Mets? ›

Two years after buying the Mets for $2.4 billion, Cohen is settling into a number of character types -- some of them willingly, some assigned to him. For Mets fans, he is a godsend, the richest owner in the game, happy to spend his money to bring the team its first World Series championship since 1986.

Who is Wendy from Billions based on? ›

Anyway, the producers of Billions based the character Wendy Roades on a real-life performance coach to financiers and hedge fund managers. Her name is Denise Shull, and I'm joined by her today.

Who is Chuck in Billions based on? ›

Preet Bharara, the inspiration for U.S. Attorney Chuck Rhodes who was portrayed by Paul Giamatti, was somewhat critical of Giamatti's casting – jokingly referring to the Italian American actor as "noted Indian American actor Paul Giamatti".

How many houses does Steve Cohen have? ›

No matter his legal woes, he has been on a spending spree, paying $155 million for a Picasso that casino billionaire Steve Wynn once put his elbow through and acquiring three new multimillion-dollar homes. He now owns six properties, all within the New York metro area. Crown Lane, Greenwich, Conn.

How much is the Cohen family worth? ›

Cohen is the third generation of his family to lead the company. However, the bulk of the Cohen family fortune (Forbes estimates the family have a net worth of $24.6 billion), comes from Symbotic, a warehouse automation firm in Massachusetts, which automates 42 regional distribution centers for Walmart.

Who is the most powerful trader on Wall Street you've never heard of? ›

Meet Steve Cohen.

Is Steve Cohen a Democrat? ›

Who is the richest hedge fund manager? ›

Who Is the Richest Hedge Fund Manager? Ken Griffin of Citadel is both the richest hedge fund manager and the highest paid. In 2022, he earned $41. billion, and by the beginning of 2023 his net worth was estimated at $35 billion.

Is Steve Cohen the richest owner in sports? ›

Steve Cohen, owner of the New York Mets, ranks ninth on the list. He is worth more than $17 billion. The hedge fund manager purchased the Mets (who compete in Major League Baseball) in 2020. As of 2022, the Mets were ranked as the sixth most valuable Major League Baseball team in the United States.

Does Steve Cohen own 100% of the Mets? ›

Steven A. Cohen (born June 11, 1956) is an American hedge-fund manager and owner of the New York Mets of Major League Baseball since September 14, 2020, owning just over 97% of the team. He is the founder of hedge fund Point72 Asset Management and S.A.C.

What is the Cohen tax? ›

Ironically, the fourth threshold of $293 million, dubbed the Cohen Tax, was added into the 2022 labor contract as an attempt to slow the Mets owner's spending. The Mets and the New York Yankees were the only teams to exceed that threshold in 2023. The full list of MLB teams owing luxury tax payments, due by Jan.

Who is the highest paid player on the Mets? ›

The New York Mets and the Texas Rangers led the trend last year, with the Mets giving their shortstop Francisco Lindor a 10-year, $341 million contract and ace pitcher Max Scherzer a three-year deal at a record $43.3 million annual value.

Who is Bobby Axelrod's inspiration in real life? ›

Steve Cohen (Net worth: $17.5 billion)

While Damian Lewis's mercurial Bobby Axelrod has a number of real-life doppelgangers (see below), one of the more convincing is the hedge fund manager Steven A Cohen.

Is Bobby Axelrod based on Howard Lutnick? ›

Bobby seems like some big well-known hedge fund managers in many of the scenes. In the 9/11 scene he seems like Howard Lutnick, the CEO of Cantor Fitzgerald, who lost most of his partners and friends—and his brother—in 9/11. So there is no one person that Bobby is based on.

What movie is based on Steve Cohen? ›

Dumb Money is a movie based on the true story of the GameStop short squeeze that was orchestrated by online retail investors on Reddit's WallStreetBets page. It depicts the involvement of billionaire hedge fund manager Steve Cohen and the impact of the short squeeze on Wall Street.

Are the characters in Billions based on real people? ›

Despite their real-world research and inspiration, Billions' creators insist their billionaire characters are just that: made-up characters. “They are composites of many people and the characteristics they embody, put into fictional vehicles,” says Levien.

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