steve cohen is best known as the founder of Point72 Asset Management and the principal owner of the New York Mets, but his public profile was built long before he entered Major League Baseball. Born and raised in Great Neck, New York, Cohen developed an early interest in markets and went on to study economics at the Wharton School of the University of Pennsylvania. His career includes the rise of SAC Capital, a major regulatory and legal episode, and the creation of Point72 as a new investment platform. His purchase of the Mets in 2020 added another dimension to his career. This profile examines his background, career, wealth, family, philanthropy and current role with the Mets.
Quick Bio
| Detail | Information |
|---|---|
| Full name | Steven A. Cohen |
| Born | June 11, 1956 |
| Birthplace | Great Neck, New York, US |
| Education | University of Pennsylvania, Wharton School |
| Profession | Investor and business executive |
| Main firm | Point72 Asset Management |
| MLB team | New York Mets |
| Spouse | Alexandra Cohen |
| Children | Seven |
| Current age | 70 as of October 2026 |
Public profiles from Forbes and the Great Neck School District confirm his age, education, and background. Point72 identifies him as the firm’s founder and describes more than three decades of investing experience.
Who Is Cohen?
Steve Cohen is an American billionaire investor who founded SAC Capital in 1992 and later established Point72 Asset Management. He also owns the New York Mets. Point72 says Cohen founded SAC with $20 million of assets under management after beginning his career at Gruntal & Co.
SAC became known for its trading intensity and strong performance. The firm later pleaded guilty in 2013 to federal insider-trading charges and agreed to pay $1.8 billion in penalties. Cohen himself was not criminally charged, but the episode became a defining part of his public business history.
Early Life and Education
Steve Cohen grew up in Great Neck, Long Island, as one of eight children. The Great Neck school district says he graduated from Great Neck North High School in 1974 before studying economics at the Wharton School at the University of Pennsylvania.
After university, Cohen joined Gruntal & Co. and built his career as a trader. In 1992, he founded SAC Capital Advisors. Point72’s own history says the firm began with $20 million in assets under management and later developed into a broader investment organization.
Career, SAC Capital and Point72
steve cohen’s career has two defining chapters: SAC Capital and Point72. SAC became known for its trading intensity and strong performance, but its history ended with the 2013 guilty plea and a $1.8 billion settlement connected to insider trading. Cohen was not personally criminally charged, although the SEC later brought an administrative case concerning his supervision of employees.
After the SAC settlement, Cohen transitioned his business into a family office structure. Point72 Asset Management was formally established in 2014, and the firm later returned to managing outside capital in 2018. Point72 says it operates across multiple investment strategies and geographies and surpassed $50 billion in assets under management in April 2026.
Its programs include the Point72 Academy and LaunchPoint, designed to develop investment professionals. The firm’s current structure reflects an emphasis on investment talent, multiple strategies and a global operating footprint.
Cohen and the New York Mets
Steve Cohen became a minority Mets owner in 2012 before agreeing to purchase the franchise in 2020. Major League Baseball reported that the deal was worth approximately $2.4 billion, and the sale became official in November 2020. It was a record price for a North American professional sports team at the time.
The Mets have become a major part of Cohen’s public identity. He has spoken openly about his connection to the club and its supporters, having grown up as a Mets fan. MLB has described him as the club’s chairman and principal owner.
By February 2026, MLB reported that Cohen was frustrated by the lack of a World Series title during his ownership. The Mets reached the postseason in 2022 and 2024 but did not win the championship during his first several full seasons.
Net Worth and Business Interests
steve cohen’s wealth is closely tied to his investment business, although billionaire net-worth figures change with asset values and market conditions. Forbes reported a real-time net worth of about $26.7 billion in September 2026. Forbes also lists Point72 and hedge funds as the principal sources of his wealth.
Point72 is the central business behind his financial career. The firm says it has expanded beyond its original equity focus into areas including systematic strategies and private credit. Cohen has also been involved in venture and private-market initiatives connected with Point72.
Cohen is also a prominent art collector. His collection has received significant attention over the years, reflecting an interest in major modern and contemporary artists. His public profile therefore extends beyond finance and baseball into the art world.
Family, Philanthropy and Public Profile
Steve Cohen is married to Alexandra Cohen, and Forbes lists the couple as having seven children. The family has also been involved in philanthropy through the Steven & Alexandra Cohen Foundation and related charitable initiatives.
Philanthropy is a significant part of the family’s public activities. Forbes reported in 2026 that Cohen had given more than $1 billion to philanthropic causes over his lifetime, including work related to veterans and children’s health.
What Is Steve Cohen Doing Now?
As of 2026, Steve Cohen remains closely associated with both Point72 and the New York Mets. Point72 says he leads the firm’s Executive Committee, established in 2026, while continuing as its founder. The company also reports surpassing $50 billion in assets under management in April.
With the Mets, Cohen continues to focus on building a team that can compete for a championship. MLB’s February 2026 report showed that he remained personally engaged with the club’s direction and dissatisfied with the absence of a World Series title.
Conclusion
Steve Cohen has built a public career that crosses finance, sport, art, and philanthropy. His path from Great Neck and Wharton to SAC Capital, Point72 and the Mets includes both major commercial achievements and serious regulatory controversy.
Today, Cohen’s main professional identity remains tied to Point72, while his ownership of the Mets keeps him in the spotlight beyond Wall Street. His wealth is substantial, but the best way to understand his career is through the institutions he built and the decisions that shaped them. For readers researching his background in 2026, the clearest picture is of a long-established investor whose influence now extends well beyond financial markets.
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Frequently Asked Questions
Who is Cohen?
Steve Cohen is an American investor, founder of Point72 Asset Management and principal owner of the New York Mets. He previously founded SAC Capital Advisors and became one of the best-known hedge-fund managers of his generation.
How old is Cohen?
Steve Cohen is 70 years old as of October 2026. He was born on June 11, 1956, in Great Neck, New York.
What is Cohen known for?
Steve Cohen is known for founding SAC Capital and Point72, buying the New York Mets, collecting art, and supporting philanthropic causes. His career also includes the major regulatory controversy surrounding SAC Capital’s 2013 guilty plea.
What is Cohen’s net worth?
Forbes estimated steve cohen’s real-time net worth at about $26.7 billion in September 2026. Net-worth estimates can change as markets and private-asset valuations shift, so treat the figure as a current estimate, not a fixed amount.
Is Cohen married?
Yes. Steve Cohen is married to Alexandra Cohen. Forbes lists seven children for the family. Details about individual family members are relatively private, so publicly available biographies generally focus on the couple’s philanthropic and Mets-related activities.
Does Cohen own the New York Mets?
Yes. Steve Cohen became the Mets’ principal owner after completing the franchise purchase in 2020 for about $2.4 billion. MLB and the Mets have continued to identify him as the club’s principal owner and chairman.
