Steven A. Cohen

Steven A. Cohen
Image	; Steven A. Cohen
Born	11 June 1956
Nationality	United States
Occupation	Hedge fund manager; owner of the New York Mets
Known for	SAC Capital Advisors; Point72 Asset Management
Spouse(s)	Alexandra Cohen
Education	University of Pennsylvania (Wharton School)

American hedge fund manager; founder of Point72 Asset Management and owner of the New York Mets

Steven A. Cohen (born 11 June 1956), often known as Steve Cohen, is an American hedge fund manager. He runs Point72 Asset Management and has owned the New York Mets baseball team since 2020.^[1]^[2] His previous firm, SAC Capital Advisors, closed to outside investors after four of its companies pleaded guilty to insider trading in 2013. In 2016 the SEC barred Cohen from supervising funds that managed outside money until 2018.^[3]^[4] On 20 October 2026 the Forbes Real-Time Billionaires list ranked Steven A. Cohen 90th in the world, with an estimated net worth of US$26.67 billion; Forbes lists the source of wealth as Hedge funds.^[1]^[5] In the annual World's Billionaires list published in 2026, Forbes had ranked Steven A. Cohen 111th, at US$23 billion.^[6]

Early life and education

Forbes gives his date of birth as 11 June 1956 and lists a bachelor's degree from the Wharton School of the University of Pennsylvania.^[1]

SAC Capital and Point72

Forbes describes SAC Capital as one of the most successful hedge funds ever.^[1] In November 2013 four SAC management companies pleaded guilty in Manhattan federal court to securities fraud and wire fraud in connection with what the US Attorney's Office called a large-scale insider trading scheme. They agreed to pay US$1.184 billion on top of US$616 million already agreed with the SEC. Prosecutors called it the largest insider-trading penalty in history. The companies also agreed to stop accepting outside money and to close their investment-advisory business.^[3]

On 8 January 2016 the SEC announced a settlement of its civil charges that Cohen had failed to supervise the former portfolio manager Mathew Martoma, who had traded on inside information in 2008. Under the settlement Cohen could not supervise funds managing outside money until 2018. His family-office firms became subject to SEC examinations and had to retain an independent consultant.^[4] Forbes says Point72 Asset Management, his successor firm, began managing outside capital in 2018 and puts its assets at about US$58 billion.^[1]

New York Mets

Cohen already owned 8% of the New York Mets before he agreed to buy control from the Wilpon and Katz families.^[2]^[7] On 30 October 2020 Major League Baseball owners approved the sale, 26–4 according to a person familiar with the vote quoted by the Associated Press. The AP said the deal valued the team at between US$2.4 billion and US$2.45 billion, a record for a baseball franchise.^[7] On approval he announced more than US$27 million in community commitments, including US$17.5 million for New York City small-business programmes.^[2]

On 15 December 2025 the New York State Gaming Commission awarded a casino licence to Metropolitan Park, a US$8.1 billion project led by Cohen and Hard Rock International. It will redevelop 50 acres of car parks around Citi Field, the Mets' stadium, and its backers say it includes 25 acres of new park space.^[8]

Wealth

Forbes gives hedge funds as the source of his wealth.^[1]^[5]

Wealth history

Forbes has included this entry in its annual World's Billionaires list in 23 of the editions from 2001 to 2026 checked for this profile, starting with 2004. The table gives the rank and estimated net worth in each annual list, and, where applicable, the rank and estimate in the Forbes 400 list of the richest Americans.^[6]^[1]

Forbes estimates by list year
Year	World's Billionaires rank	Net worth (US$ bn)	Forbes 400 rank	Forbes 400 net worth (US$ bn)
2003	–	–	244	1.0
2004	552	1.0	106	2.0
2005	321	2.0	93	2.5
2006	292	2.5	85	3.0
2007	287	3.0	47	6.8
2008	137	6.8	36	8.0
2009	87	5.5	36	6.4
2010	113	6.4	32	7.3
2011	114	8.0	35	8.3
2012	106	8.3	40	8.8
2013	117	9.3	43	9.4
2014	106	11.0	44	10.3
2015	109	11.4	37	12.0
2016	72	12.7	31	13.0
2017	92	13.0	34	13.0
2018	102	14.0	36	13.0
2019	101	12.9	35	13.6
2020	77	13.9	36	14.5
2021	119	16.0	48	16.0
2022	96	17.4	38	17.5
2023	94	17.5	37	19.8
2024	97	19.8	39	21.3
2025	95	21.3	43	23.0
2026	111	23.0	43	26.7

Philanthropy

Forbes says Cohen has given more than US$1 billion to charity over his lifetime, including to veterans' causes and children's health.^[1] The Steven & Alexandra Cohen Foundation, based in Stamford, Connecticut, reported total assets of about US$528 million at the end of its 2023 tax year. Its filings are summarised below.^[9]

Foundation finances from IRS filings (US$ million; latest four tax years with processed data)
Foundation	Form	Tax year	Total assets, end of year	Grants and contributions paid
Steven & Alexandra Cohen Foundation Inc	990-PF	2023	527.6	128.7
Steven & Alexandra Cohen Foundation Inc	990-PF	2022	520.5	122.4
Steven & Alexandra Cohen Foundation Inc	990-PF	2021	520.5	109.6
Steven & Alexandra Cohen Foundation Inc	990-PF	2020	524.6	91.5

Political activity

FEC records for the 2022–2026 cycles show itemised contributions including US$150,000 to the Jeffries Victory Fund in March 2023 and gifts to committees for Gregory Meeks, Jim Himes, Tom Suozzi and Chuck Schumer. He also gave annually to Major League Baseball's political action committee and to the Managed Funds Association PAC.^[10] No lobbying registrations or political offices were found.

Across the 15 non-memo records retrieved for the 2022–2026 cycles, the filtered total is US$226,000 (a lower bound). The largest recipient committees, as named in the filings, were JEFFRIES VICTORY FUND (US$150,000), OFFICE OF THE COMMISSIONER OF MAJOR LEAGUE BASEBALL POLITICAL ACTION COMMITTEE (US$30,000), MEEKS VICTORY (US$12,000), MEEKS VICTORY FUND 2024 (US$11,600), MANAGED FUNDS ASSOCIATION POLITICAL ACTION COMMITTEE (US$10,000).^[10]

Federal contributions (FEC Schedule A, itemised; lower bound)
Cycle	Total (US$, lower bound)	Records	Largest recipient committees (as filed with the FEC)
2022	$20,800	5	OFFICE OF THE COMMISSIONER OF MAJOR LEAGUE BASEBALL POLITICAL ACTION COMMITTEE ($10,000); FRIENDS OF SCHUMER ($5,800); MANAGED FUNDS ASSOCIATION POLITICAL ACTION COMMITTEE ($5,000)
2024	$178,200	6	JEFFRIES VICTORY FUND ($150,000); MEEKS VICTORY FUND 2024 ($11,600); OFFICE OF THE COMMISSIONER OF MAJOR LEAGUE BASEBALL POLITICAL ACTION COMMITTEE ($10,000); SUOZZI FOR CONGRESS ($3,300)
2026	$27,000	4	MEEKS VICTORY ($12,000); OFFICE OF THE COMMISSIONER OF MAJOR LEAGUE BASEBALL POLITICAL ACTION COMMITTEE ($10,000); MANAGED FUNDS ASSOCIATION POLITICAL ACTION COMMITTEE ($5,000)

International and political links

This section uses the same ten headings for every profile in this series. Only specific, sourced actions are included; company-level and foundation-level actions are labelled as such. Where nothing was found, the entry reads "No documented involvement found in sources checked."