Hedge Fund Billionaire Steve Cohen’s Lavish Lifestyle & Extravagant Toys

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2.8.2015

When you run one of the world’s most successful hedge funds, you can probably afford some pretty amazing stuff.  So it makes sense that Steve Cohen, with an estimated net worth of $10.3 billion, has a long list of incredible personal purchases. Cohen started SAC Capital in 1992, and became a Wall Street legend after his firm saw returns of 70% for two consecutive years. In 2013, an SEC probe into insider trading allegations at SAC Capital cost Cohen $616 million, and in the past couple years, the billionaire has started unloading some of his more expensive items. Cohen himself wasn’t charged, and restructured SAC Capital into a new family office firm called Point72 Asset Management. Cohen’s still in the game – Point72 Asset Management has been doing well since its creation and pulled in $2.5 -$3 billion for 2014.

 

He’s dabbled in sports

Cohen bought a 4% stake in the New York Mets for $20 million.

He's dabbled in sports – Cohen bought a 4% stake in the New York Mets for $20 million.

Getty Images Source: Reuters

He also made an unsuccessful bid for the LA Dodgers, during which he hired an architect for the Dodgers stadium.

Cohen is really into art – his collection is estimated to be worth $1 billion. This sculpture of Pablo Picasso by Italian artist Maurizio Cattelan is the center piece of his living room.

Cohen is really into art – his collection is estimated to be worth $1 billion. This sculpture of Pablo Picasso by Italian artist Maurizio Cattelan is the center piece of his living room.

Corcoran Source: Business Insider

Amid ongoing SEC investigations, Cohen spent $155 million on a Picasso painting that Steve Wynn accidentally put his elbow through.

Amid ongoing SEC investigations, Cohen spent $155 million on a Picasso painting that Steve Wynn accidentally put his elbow through.

AP Photo/Emile Wamsteker

Picasso’s “The Dream” is auctioned by auctioneer Christopher Burge on Nov. 10, 1997, at Christie’s auction house in New York. Casino mogul Steve Wynn, who now owns the painting, lost $139 million but got to keep one of his favorites when he poked a hole in the Picasso the year before.

Source: Business Insider

He owns the Willem de Kooning painting pictured below, worth $137.5 million. It’s the last in its series to be in private ownership.

He owns the Willem de Kooning painting pictured below, worth $137.5 million. It's the last in its series to be in private ownership.

TIMOTHY A. CLARY/AFP/Getty Images

A visitor looks at the painting ‘Woman III ‘ by Willem De Kooning during a media preview on April 1, 2009 of a exhibition on loan to Sotheby’s New York entitled ‘Women’. The collection on loan from Steven and Alexandra Cohen which runs from April 2-14 depicts female subjects.

Source: The New York Times

Other artwork purchased includes a bronze sculpture by Alberto Giacometti for $101 million …

Other artwork purchased includes a bronze sculpture by Alberto Giacometti for $101 million ...

AP Photo/Alastair Grant

Two Sotheby’s employees stand by a gold patina painted and bronze sculpture by Alberto Giacometti entitled ‘Chariot’, which was conceived in 1950, and cast in 1951-2. The sculpture sold for just over $100 million Tuesday.

Source: CNBC

Jasper John’s “Flag” for $110 million …

And a 14-foot shark preserved in formaldehyde,

a work by Damien Hirst that cost him about $8 million.

And a 14-foot shark preserved in formaldehyde, a work by Damien Hirst that cost him about $8 million.

Getty / Oli Scarff

Source: New York Magazine

Even more artwork is scattered around his estate in Greenwich, Connecticut.

Cohen bought the house for $14.8 million and

expanded it to more than 35,000 square feet.

Even more artwork is scattered around his estate in Greenwich, Connecticut. Cohen bought the house for $14.8 million and expanded it to more than 35,000 square feet.

AP Photo Source: Vanity Fair

The dump trucks had to make 283 round trips for all the dirt.

Apparently the renovations were so big, dump trucks had to make 283 round trips for all the dirt.

Reuters /Siphiwe Sibeko Source: Vanity Fair

The Greenwich mansion also has a 6,734 square foot ice skating rink,

complete with a Zamboni and its own storage cottage.

The Greenwich mansion also has a 6,734 square foot ice skating rink, complete with a Zamboni and its own storage cottage.

James Altucher Source: Vanity Fair

There have even been rumors of a tattooed pig living in Cohen’s mansion

There have even been rumors of a tattooed pig living in Cohen's mansion – as another work of art.

AP Images Source: Business Insider

But having one mansion isn’t enough for Steve. He owns a giant penthouse in New York City, which he put on the market for $115 million last year. The price has since been reduced to $82 million, but he still hasn’t found a buyer.

But having one mansion isn't enough for Steve. He owns a giant penthouse in New York City, which he put on the market for $115 million last year. The price has since been reduced to $82 million, but he still hasn't found a buyer.

Corcoran Source: Business Insider

Cohen also owns two East Hampton homes, worth $18 million and $60 million.

The first one’s views were blocked by the home of another hedge fund manager Jim Chanos, so he reportedly bought another.

Cohen also owns two East Hampton homes, worth $18 million and $60 million. The first one's views were blocked by the home of another hedge fund manager Jim Chanos, so he reportedly bought another.

Shutterstock Source: Forbes

He also owns two apartments in New York City’s West Village,

for which he paid $23.4 million and $38.8 million.

And to round out the collection, Cohen just bought another enormous mansion in Beverly Hills.

And to round out the collection, Cohen just bought another enormous mansion in Beverly Hills.

Zillow Source: Business Insider

 

When you achieve a net worth such as Steve Cohen, would you live that lifestyle?

What type of philanthropy would you endeavor in?

Your net worth is directly proportional to your network.

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