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Updated: June 15, 2022 / 2022 Wealthiest people in CT

Wealthiest People in CT: 2. Steve Cohen

Founder Point72 Asset Management, Stamford
2022 Net Worth: $17.4 billion
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When most people sing, “Take me out to the ballgame,” it’s a safe bet they’re not thinking about hedge funds.

Unless, that is, they’re Steve Cohen.

The 65-year-old Greenwich resident is not only CEO and founder of Point72, a hedge fund with about $20 billion of assets under management, he also purchased the iconic New York Mets in 2020, and is “working on revamping the team’s operations with aspirations of transforming the Mets into a perennial World Series contender.”

After steering his fund through the ups and downs of the COVID-sparked turmoil of 2020, Cohen — whose net worth is estimated at $17.4 billion, according to Forbes — is reportedly cautious about a rebound.

“Markets don’t come back in a straight line; after an earthquake there are tremors,” he wrote in an internal memo obtained by the Reuters news service. “We need to continue to be disciplined. We are seeing plenty of opportunities to generate returns, but I don’t want us taking undue risks.”

Fun fact: In addition to his 35,000-square-foot Greenwich estate, Cohen reportedly owns a vacation estate in tony East Hampton, N.Y., just down the street from comedian Jerry Seinfeld.

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