Billionaire investor Steve Cohen moves with speed and agility when it comes to investing. His high-risk, high-reward investing approach has helped him amass a personal wealth of $23 billion, according to Forbes.
He is the founder of the now-defunct and one of the most successful hedge funds, SAC Capital Advisors, which was charged with insider trading and had to repay investors $1.8 billion in penalties. Cohen faced a two-year ban on managing investors' money. In 2013, Cohen converted his investment operations into a family office and formally adopted the Point72 Asset Management name the following year. Years later, in 2018, the firm became a registered investment advisor and started accepting outside capital. Cohen's ban was over by then.
