#37 Steven Cohen
$8.0 billion Source Investments, Self made
Age 52
Marital Status Married, 7 children, 1 divorce
Hometown Greenwich, CT, United States
Education University of Pennsylvania Wharton School, Bachelor of Arts / Science
Son of a dress manufacturer grew up in Great Neck, N.Y. Attended Wharton; became options trader at Gruntal & Co., netted $8,000 first day on the job. Founded hedge fund SAC Capital 1992 with $25 million under management. Today SAC manages $16 billion across 9 funds; accounts for more than 2% of daily volume on New York Stock Exchange. Has returned 33% net of fees annually. Steep fees: charges 3% of assets, 35% of profits on most funds. Cools trading floor to 70 degrees to keep employees on toes.
Complete List The Richest People In America
The Richest People In America: Steven Cohen
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