Steve Cohen: Evaluating $21,300,000,0000 Net Worth of Mets' Owner in 2025

Baseball yields a lot of money and demands a surplus simultaneously. Teams need people with deep pockets to inject cash into the game, which enables their management to invest in elite players and extend ace-class facilities to them. That is why biggies like Steve Cohen become the newsmakers when they decide to invest in a baseball team.
Steve Cohen made the headlines when he announced his association with the New York Mets in 2020. Forbes reported that he bought the team for a whopping $2.4 Bn, the highest deal ever made in MLB history for a team’s sale.
He brought a handsome amount into the baseball game from his cash cow, Point72 Asset Management Company, a multibillion venture. Let’s explore the net worth of the Mets’ owner in 2025 and the assets and investments contributing to it.

According to Forbes, Steve Cohen is the 94th wealthiest person, with a net worth of $21.3 billion. The Bloomberg Billionaire Index reports that his fortune empire has grown by 842M, at a rate of +5.7% in 2024. What he spent on the New York Mets’ payroll and luxury tax in 2024 combines three teams’ total spending in the last two decades.
Talking to the New York Post about his expenditure plan in December 2024, Cohen said, “One thing I’ve learned a long time ago, if you want something that’s amazing, it’s going to be uncomfortable.”

Steve Cohen ventured into the business space, leveraging his exceptional investment sense. In 1992, he started SAC Capital, one of the biggest hedge fund companies of its time. His confidence in his decision to start this company stems from the fact that he shelled out $25 million from his earnings to bring this venture idea to life.
Cohen had to consolidate this venture in 2012 when the Securities and Exchange Commission (SEC) pressed insider trading charges against him. The venture was a massive success at the time, with $16 billion worth of assets under management (AUM). Following the charges, Cohen consolidated SAC’s operations and paid $1.2 billion in penalties.

Cohen didn’t let the setback take over his acumen and moved the remaining funds (left after paying penalties and charges) to start Point72 Asset Management Company. This venture also swelled to a $35 billion (AUM) hedge fund company in 2018. According to Fintel’s data, Point72's portfolio stands at $45,388,177,650.
Another top asset of Steve Cohen is the New York Mets, which he bought in 2020 via the biggest sale deal in MLB history, which equaled $2.4 billion.

Steve Cohen bought the New York Mets from the Fred Wilpon and Saul Katz families in 2020 for a whopping $2.4 billion.

According to the New York Post, the team had already spent $1.13 billion on payroll and paid $228.7 million in taxes before the much-talked-about $765 million, 15-year contract with Juan Soto happened.
Other significant contracts that define the Mets' expenditure scene are Francisco Lindor’s 10-year, $341 million deal and Pete Alonso’s $30 million contract in 2025.

Steve Cohen can’t mind shelling out these humongous contracts as these pay him back a startling return. Mentioning Bloomberg’s data, Business Insider reported in 2020 that Cohen initially invested $20 million in 2012. The investment paid 350% returns in 2017, when the valuation of Cohen’s stake in the team became $90 million.
According to Forbes' MLB team valuation data, Cohen owns 95% of the Mets, which were valued at $3 billion in March 2024.

Steve Cohen spends lavishly on multimillion-dollar luxury mansions and apartments in Manhattan’s West Village. He owns a $35 million mansion, which he bought from actor Glenn Ford for $31 million in 2015. His modern art collection is estimated to have a valuation of $1 billion. His NYC duplex penthouse was listed at $115 million in 2014.

In 2024’s Forbes 400 list, he appears at number 39. He was the fifth among the most affluent US Sports team owners in 2024.
Also Read: MLB insider reflects on Mets' playoff chances after Steve Cohen spent nearly $1,000,000,000 on contracts