Steve Cohen
Source of wealth: Hedge funds
...
...
The scale of their wealth
Health
The price of life
Let's compare Steve Cohen's fortune with the healthcare spending of a massive country
Steve Cohen could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 10.3 years.
But even if we compare their fortune with that of a rich country
On the other end, Steve Cohen could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 4.6 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Steve Cohen could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 6.8 years.
And yes, we can also compare it with a rich country
But they couldn't just cover the cost of a poor country; Luxembourg is considered the country with the highest per capita investment in education in the world, and Steve Cohen could pay for it entirely for 9.2 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Steve Cohen could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 38.7 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Steve Cohen with Israel, the country that invests the most per capita in research in the world, they could cover the total cost of the system for 0.9 years.
Gold
Everyday luxuries
Steve Cohen's fortune is equivalent to 158 tons of gold. It's hard to process, since we don't usually keep a handful of gold bars in our piggy banks.
A standard gold ring usually weighs between 4 and 7 grams. Let's say this one weighs 5 grams. It's usually 18 karats.
Based on today's gold price (excluding the jeweler's commission, shipping, or anything else), that ring would be worth $546.86.
Steve Cohen could buy 42,017,579 gold rings. That's a lot of fingers and way too many gifts!!
And if you're struggling to visualize that many rings, it would take 8 trucks to transport them. Although Steve Cohen will almost certainly have enough money left over to pay for the gas.
Biography
Steve Cohen oversees Point72 Asset Management, a $40 billion (assets under management) hedge fund firm that started managing outside capital in 2018.
For years Cohen ran SAC Capital, one of the most successful hedge funds ever.
Cohen was forced to shut down SAC Capital after the firm pleaded guilty to insider trading charges that cost Cohen $1.8 billion in penalties.
Cohen bought the New York Mets in 2020 for $2.4 billion, the highest sale price ever for an MLB team.
Cohen has given $1 billion to philanthropic causes over his lifetime, including causes related to veterans and children's health.
Financial Assets
Monthly wealth history
Fortune comparison
Historical data not available for comparison