Steven Cohen: 35th in wealth in the United States and 11.1 billion dollars held in May 2014

Steven A. Cohen (born 11 June 1956) is an American hedge fund manager. He is the founder of SAC Capital Advisors, Stamford, Connecticut-based hedge fund with a focus mainly on strategies of market shares.

Net value has estimated at $ 11.1 billion in May 2014, rated by Forbes as 106 th in bogatistvo man in the world. Cohen's 35th as a whole in the United States. In November 2012 he began to be involved in major criminal insider trading scandal. In July 2013 accused by the Securities and Exchange Commission, failing to prevent insider trading. In November 2013, SAC Capital has agreed to plead guilty, stop upravlenyata funds for outsiders, pay a fine of $ 1.2 billion.

Cohen grew up in a Jewish family in Great Neck, New York, where his father was a manufacturer of dresses in the area in Manhattan, and his mother was a piano teacher part-time. He has seven other siblings, he is the third age. From oldest to youngest: Marty Cohen, Gary Cohen, Steven Cohen, Cindy Cohen, Donald Cohen Stacy Cohen, Wendy Cohen and Russell Cohen.

He began to like poker, as a high school student, often bet their own money in tournaments. Cohen teaches the game "how to take risks." Cohen received a master's degree in Economics from the Wharton School at the University of Pennsylvania in 1978. He was admitted to the fraternity Zeta Beta Tau. At school, a friend helped him find a brokerage account with $ 1000, this is money from his training.

After Wharton, Cohen gets a job on Wall Street, as a junior trader in options arbitrage department at Gruntal & Co. in 1978, when he finally managed to make a portfolio of $ 75 million including six traders.

On his first day of work at Gruntal & Co., he makes a profit of $ 8,000. Cohen drove himself Gruntal trade group since 1984, and continues to be so until he founded his own company, SAC.

In 1992, Cohen finds SAC Capital Partners with $ 20 million of his own money; Today the firm manages $ 14 billion in equity. Originally known as a merchant, who never hold trading positions for long periods of time, Cohen now holds a growing number of shares for longer periods of time.

Cohen was quoted as saying "I always tell my traders that like 1990, because it was a pretty easy time making money."

Cohen is one of the owners of the minority of the New York Mets, holds a 4% share of the baseball team.
Forbes Magazine estimated wealth of Cohen in $ 10.3 billion in September 2014, is ranked in 35th place for the richest man in the United States.

In 1998, Cohen family bought 35,000 square meters in Greenwich, Connecticut.
In addition, Cohen owns 7% of search engine Baidu and owns 5% of SSD design company OCZ Technology.
In December 2013, New York, Cohen was listed as desired Bloomberg Tower for sale for 98 million dollars.