Meet Steve Cohen, the hedge-fund billionaire who is in talks to buy the Mets for $2.6 billion and owns mansions across some of America's swankiest ZIP codes

Taylor Nicole Rogers

December 6, 2019 2:05 PM

Lucy Nicholson/REUTERS; Samantha Lee/Business Insider

Steven A. Cohen, 63, is a New York native.

Billionaire hedgefund manager Steve Cohen is in talks to buy an 80% share of the New York Mets for $2.6 billion, Markets Insider reported.
Cohen was banned from investing between 2016 and 2019 following a lawsuit with the SEC, Bloomberg reported.
Cohen has a large portfolio of luxury real estate that spans from the Hamptons and to Connecticut to Los Angeles.
He has a net worth of $9.22 billion, according to the Bloomberg Billionaires Index .

Billionaire hedge-fund manager Steve Cohen is reportedly in talks to add the New York Mets to his already impressive portfolio of luxury real estate and modern art.

Cohen first invested $20 million in the Mets in 2012, Bloomberg reported. That investment paid off. Bloomberg valued Cohen's stake at $90 million in 2017 a 350% increase in 5 years.

It hasn't always been smooth sailing for Cohen, however. His hedge fund pled guilty to securities and wire fraud in 2013, and Cohen himself was banned from investing for two years following a lawsuit with the SEC, Bloomberg reported.

A representative for Cohen declined Business Insider's request for comment on Cohen's career, assets, or the Mets acquisition.

Keep reading to learn more about Steve Cohen.

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