Steve Cohen (businessman): Difference between revisions

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Cohen was born on June 11, 1956, and raised in [[Great Neck, New York]], where his father worked as a dress manufacturer in [[Manhattan]]'s garment district and his mother was a piano teacher.<ref name="Hart2025">{{cite news|last=Hart|first=Jordan|title=The career rise of billionaire Steve Cohen, the hedge fund legend who owns the Mets|url=https://www.businessinsider.com/steve-cohen-mets-owner-net-worth-hedge-fund-point72|date=March 11, 2025|publisher=[[Business Insider]]}}</ref> He grew up in a Jewish family.<ref>{{cite news |last=Friedman |first=Gabe |title=Hedge fund manager Steve Cohen reaches agreement to buy the New York Mets |url=https://www.timesofisrael.com/hedge-fund-manager-steve-cohen-reaches-agreement-to-buy-the-new-york-mets/ |access-date=October 15, 2023 |website=The Times of Israel |language=en-US }}</ref><ref>{{cite web |date=September 25, 2022 |title=Jewish billionaire, Mets owner Steven Cohen: Major league philanthropist |url=https://www.jpost.com/50-most-influential-jews/article-717769 |access-date=October 15, 2023 |website=The Jerusalem Post |language=en-US }}</ref>
 
TheNumber thirdthree of eight children, Cohen developed an interest in poker during high school, often wagering his own money in tournaments. Cohen often enjoyed playing this game with his friends and has credited the game with teaching him "how to take risks."<ref name="WSJ2006September16PulliamSusan">{{cite news |last1=Pulliam |first1=Susan |title=The Hedge-Fund King Is Getting Nervous |url=https://www.wsj.com/articles/SB115836320295965062 |access-date=November 16, 2009 |newspaper=The Wall Street Journal |date=September 16, 2006 |location=New York, NY |language=en |url-access=subscription |archive-url=https://web.archive.org/web/20150130132155/http://www.wsj.com/articles/SB115836320295965062 |archive-date=January 30, 2015 }}</ref> He graduated from [[John L. Miller Great Neck North High School]] in 1974, where he played on the soccer team.<ref>{{cite news |last1=Anderson |first1=Jenny |last2=Lattman |first2=Peter |last3=Creswell |first3=Julie |title=A Fascination of Wall St., and Investigators |url=https://www.nytimes.com/2012/12/23/business/steven-cohen-of-sac-is-fascinating-to-investigators-too.html |newspaper=The New York Times |date=December 22, 2012 |access-date=September 5, 2020 |language=en |archive-url=https://web.archive.org/web/20190103134843/https://www.nytimes.com/2012/12/23/business/steven-cohen-of-sac-is-fascinating-to-investigators-too.html |archive-date=January 3, 2019 }}</ref>
 
Cohen received an economics degree from the [[Wharton School]] of the [[University of Pennsylvania]] in 1978. While at Penn, he joined the [[Zeta Beta Tau]] fraternity's Theta chapter, where he served as treasurer. A friend helped him open a brokerage account using $1,000 of his tuition money, which marked his entry into financial markets.<ref name="WSJ2006September16PulliamSusan" />