Net Worth: $8.3 Billion
- Source of Wealth Hedge funds, self-made
- Steve Cohen Nationality United States
Steve Cohen net worth: Citizenship: United States ,Residence: Greenwich, CT
Marital Status:Married, Children:7
Cohen’s hedge fund, SAC Capital Advisors, is cooperating with investigators after two former employees were charged with insider trading in February. Launched firm in 1992 with $25 million, now manages $12 billion.
Returned 15% net of fees in 2010. Charges some of the steepest fees in the business: 3% of assets and 35% of profits on most funds. Art collector, owns works by Willem de Kooning and Damien Hirst; recently bought 1958 “Flag” painting by Jasper Johns for which he reportedly paid $110 million. North Shore Long-Island Health System renamed its pediatric center after Cohen and his wife last year following a $50 million pledge.
The Hedge-fund manager is betting big on the late Elizabeth Taylor, who died Wednesday. Mr. Cohen has enlisted Phillips de Pury to auction off a turquoise Andy Warhol portrait of the screen star for at least $20 million at its major sale of contemporary art on May 12 in New York.