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Cohen's $3.4B Haul: Mets Owner Tops Hedge Fund Riches
19 Feb
Summary
- Steve Cohen earned $3.4 billion in 2025, the highest for a hedge fund manager.
- Cohen's Point72 Asset Management manages $45.7 billion in assets.
- He surpassed rival Ken Griffin, who earned $2.4 billion in 2025.
Steve Cohen, the billionaire owner of the New York Mets, has achieved a significant financial triumph, earning $3.4 billion in 2025 and leading Bloomberg's ranking of the world's best-paid hedge fund managers. His firm, Point72 Asset Management, now oversees $45.7 billion in assets, positioning it among the largest multistrategy hedge funds globally.
This achievement represents a remarkable comeback for Cohen. After his previous hedge fund, SAC Capital, pleaded guilty to insider trading in 2013, Cohen faced a significant setback. However, Point72 reopened in 2018 and has since attracted substantial investment, demonstrating a strong recovery.
Cohen's 2025 earnings surpassed those of rival Ken Griffin, founder of Citadel, who earned $2.4 billion. Other top earners included David Tepper with $3.2 billion and Izzy Englander with $3.1 billion. The hedge fund industry collectively saw substantial gains, with the top 20 managers averaging $1.4 billion.
