Thelife
Lucy Nicholson/REUTERS; Samantha Lee/Business Insider
Meet Steven Cohen, the new owner of the New York Mets.
- 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.
- Visit Business Insider's homepage for more stories.
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.