Steve Cohen is one of the top hedge fund managers globally and is known for his ownership of the New York Mets.
Steve Cohen is an American businessman. He is the founder of Point72 Asset Management and S.A.C. Capital Advisors and derives his wealth primarily through investments in financial markets and other sources.
Steve Cohen's net worth
Steve Cohen has a net worth of $23B, according to figures from Forbes Magazine. He oversees Point72 Asset Management (assets under management) and then bought the New York Mets in 2020 for $2.4 billion.
What does Steve Cohen own?
Point72 Asset Management
Point72 Asset Management is a private hedge fund Steve founded in 2014. The company operates as a multi-strategy hedge fund, utilising long/short equity, systematic, macro, and venture capital strategies (Wikipedia).
Point72 also manages internal proprietary capital and capital from select external investors (Wikipedia).
Point72 reportedly manages approximately US$41.5 billion in assets, according to Wikipedia, in 2025 and has established offices in the United States, Europe, and Asia.
Point72 Asset Management later announced the operation of two entities beginning from January 1, 2026, which is as follows:
The existing Point72 Equities and a newly established affiliate, Valist Asset Management. The company has now moved to offer an alternative lending market.
Point72 Asset Management has a strong presence in trading operations in its Cubist Systematic Strategies division. The platform utilises data-driven and algorithmic strategies across global markets.
New York Mets baseball team
The New York Mets are currently owned by Steve Cohen, who purchased the team in 2020 for $2.4 billion. He holds a 95% majority stake, with the remainder held by the Wilpon and Katz families.
S.A.C. Capital Advisors (former)
Steve Cohen was the founder and owner of S.A.C. Capital Advisors, a hedge fund group.
Personal life
Steve Cohen was born on June 11, 1956, and raised in Great Neck, New York. He is the third of eight children. He graduated from John L. Miller Great Neck North High School in 1974.
Steve Cohen was awarded an economics degree from the Wharton School of the University of Pennsylvania in 1978.