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Steven A. Cohen has an estimated net worth of $10.2 billion as of April 2019.
Cohen's hedge fund, SAC Capital Advisors, is cooperating with investigators after two former employees were charged with insider trading in February. Launched in 1992 with $25 million, the firm 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. Known to be an 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.
Citizenship: United States ,Residence: Greenwich, CT
Marital Status:Married, Children:7
Earnings & Financial Data
Date |
Category |
Description |
Amount |
---|---|---|---|
2005 |
Asset |
Series C investment for Nanosolar through SAC Capital Advisors (along with 12 investors) |
$75,000,000 |
2003 |
Asset |
Series F investment for Color Kinetics, Incorporated through SAC Capital Advisors (along with 4 investors) |
$13,000,000 |
1999 |
Asset |
Series C investment for StreamSearch.com through SAC Capital Advisors (along with 9 investors) |
$20,000,000 |
1999 |
Asset |
Venture investment for Net2Wireless through SAC Capital Advisors |
$29,000,000 |