Steve Cohen | $ 11 Billion
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Steve Cohen Net Worth

United States
Net Worth $ 11 Billion
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Born on: 11th Jun 56 Born in: United States Marital status: Married Occupation: Founder, SAC Capital Advisors Hedge fund manager
Born as Steven A. Cohen has an estimated net worth of $11 billion. He is known as an American hedge fund manager and is the founder of SAC Capital Advisors. It is a Stamford, Connecticut-based hedge fund that focuses on equity market strategies. As of May 2014, Forbes ranked him being the 106th richest man in the world and 35th overall in the United States. In November 2012, he started to be implicated in a large criminal inside trading scandal. The year later, SAC was charged by the Securities and Exchange Commission with failing to prevent insider trading. It was in November 2013 when SAC Capital agreed to plead guilty thus stop managing funds for outsiders and paid a $1.2 billion fine. This gentleman was born and raised in a Jewish family residing in Great Neck, New York. His father used to be a dress manufacturer in Manhattan’s garment district. His mother, on the other hand, was a part-time piano teacher. Cohen enjoyed playing poker when he was just in high school and often bets his own money when he participates in tournaments. The games taught him “how to take risks”. Cohen is a 1978 graduate of the Wharton School at the University of Pennsylvania with an economics degree. He is likewise a brother of the Zeta Beta Tau Fraternity, Thea Chapter. Thanks to a friend, Cohen was able to open a brokerage account with $1,000 of his tuition money.
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