Steve A. Cohen – Net Worth, Money and More
Net Worth: $8.8 billion
Steven A. Cohen was born on June 11, 1956 in Great Neck, New York, US. He is an American hedge fund manager. Moreover, he is the founder of SAC Capital Advisors, a Stamford, Connecticut based hedge fund which focused primarily on equity market strategies. In the year 2013, he was ranked by the Forbes list as the 106th richest man in the world. Also, he is ranked number 35th in the US. In the year 2012, he was implicated in a large criminal insider trading scandal. Not only is this, in the year 2013, SAC was charged by the Securities and Exchange Commission with failing to prevent inside trading and paid a fine of $1.2 billion. He is known as one of the most high-profiles in finance, Steven A. Cohen who owns 7% of Chinese search engine giant, Baidu. Moreover, he has been ranked as one of the biggest-spending art collectors in the World.
Life:
Steven grew up in the Jewish family. His father was a dress manufacturer in Manhattan’s garment district and mother was a part –time piano teacher. He started liking poker when he was a school student and received the degree from the Wharton School at the University of Pennsylvania in the year 1978. Talking about his personal life, he married to Patricia Finke who was a native from a working class background who grew up in Washington Heights, Manhattan of New York City. They had two children together and later got divorced in the year 1990. In the year 1992, he married to Alexandra Garcia who was a single mom of Puerto Rican Catholic descent from Washington Heights. Steven is said to serve on the Board of Trustees of Brown University and the New York-based Robin Hood Foundation. In the year 2009, he along with his brother were sued by his wife for racketeering and inside trading.
Homes:
Steven is known as one of the best billionaires of the era. His net worth is $8.8 billion. He owns a Greenwich house which he bought in the year 1998 for more than $14 million. The plush home is located in Crown Lane in Greenwich. London. It is spread in 35,000 square feet area. Also, it has geometric gardens and includes amenities like indoor pool, a basketball court and a Zombie machine. The interiors are extremely luxurious and is located in a very beautiful place. Also, he owns a East Hampton Mansion which is worth $60 million. It is located at the Long Island and have 10,000 square feet of living space and estimated area is 7 acres. Moreover, it has a tennis court, swimming pool, high ceilings, antique oak and limestone detailing.
Causes:
Though he has a lot of money and likes to spend it in various good causes, he seem most active in the Robin Hood Foundation, where he serves as a member of board. He almost contributed $7 million in this charity organization. This foundation was founded in the year 1998 and aims at supporting the poor people in the New York. He is a very kind hearted man and also very much dedicated towards his occupation. He also has great interest in collecting paintings as he is a great fan. Steve is a rich billionaire and has rich collection of things.
Collectibles:
Steven, American hedge fund manager, he well known for his collectibles. His most valuable art possession is the most expensive painting Willem De Kooning- Woman III which is worth $137.5 million. Moreover, he got No 8, 1949 which was painted by Jackson Pollock which was worth $52 million when he bought it in the year 2006. Next, he got The Physical Impossibility of Death in the Mind of Someone Living which was created in the year 1991 by Damien Hirst. It is worth $8 million. This art is all about a tiger shark preserved in formaldehyde in a vitrine. Moreover, he also possess Self 1991 Portrait by Marc Quinn. This Self was a Sculpture of Marc’s head made using his own 4.5 liters of frozen blood. Self was bought in the year 1991 for $13,000. This freak art collector has a rich collection of fine arts and also has a Madonna painting which costs $11.9 million in the year 1999. He owns this painting by the Norwegian expressionist Edvard Munch known as Madonna. It’s the exposure if her upper body. The color of the Halo embellishes the navel and the nipples.
Apart from these, he also owns a Police Gazette which is worth $63.5 million. This painting was also made by Willem de Kooning. Next collectible in the list is Yellow Dog which is worth half billion dollars. This, Yellow Balloon is a ultra shiny stainless steel sculpture of a dog in a shape of 10 balloons. This massive sculpture is installed at the entrance of his estate in Greenwich. Also, he got Andy Warhol Superman Painting, which he bought from the collection of billionaire Gunter Sachs and is worth $25 million. Next one in the list is Popeye by Roy Lichtenstein, who beautifully converted an animated cartoon in an art. He also bought Jasper Johns 48 star “Flag” Painting which is worth $110 million. Also, Gerhard Richter’s oil painting “A.B. Courbet” which he owned in the year 1986 and the last one is “Le Reve” painting which is worth $155 million.
