Net Worth

Steve Cohen Net Worth

Steve Cohen Net Worth

What is Steve Cohen’s net worth?

Net Worth: $14 Billion
Age: 66
Date of Birth: June 11, 1956
Country of Origin: United States
Profession: Entrepreneur

Since 2007, Steve Cohen has served as the United States Representative for Tennessee’s 9th congressional district.

He belongs to the Democratic Party. The western three-quarters of Memphis are included in the district.

Steve Cohen’s net worth is estimated to be $12 billion in 2022.

Formative Years

Stephen Ira Cohen was born in Memphis, Tennessee, on May 24, 1949.

Cohen is the son of Genevieve and Morris David Cohen, a pediatrician.

Michael Corey and Martin D. Cohen are his older brothers. He is a fourth-generation Memphian and the grandson of Lithuanian and Polish Jewish immigrants.

Steve Cohen Career

In 1982, Cohen was elected to the Tennessee Senate as a member of District 30, which encompasses sections of Memphis. He served in that capacity for 24 years.

Cohen worked for 18 years to overturn the Tennessee State Constitution’s ban on lotteries. In 2002, his efforts were effective, and the following year, a state lottery scheme to fund college scholarships for Tennessee kids was approved.

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As of 2012, the lottery program had raised over $2 billion for scholarships, afterschool programs, pre-K, technical center grants, and energy-saving capital investments in K-12 schools, making it Cohen’s best-known achievement in the Senate.

During his career, he also sponsored bills that expanded community access to healthcare, protected animal rights, restored voting rights, implemented graded driving licenses, and provided financing for the arts.

Cohen was one of three senators in Tennessee who voted against the Tennessee Marriage Protection Amendment in March 2005, which was adopted by Tennessee voters in a referendum in November 2006.

Steve Cohen’s net worth is estimated to be $12 billion in 2022.

Memorable Moments

  • In 1982, Cohen was elected to the Tennessee Senate.
  • He is a Democratic Party member who contributed to the Tennessee State Constitution.

In Conclusion

Steve Cohen is a hedge fund manager who is regarded as one of Wall Street’s most successful traders. He started his hedge fund in Stamford, Connecticut, in 1992 with barely $25 million. The fund now manages $14 billion in assets and employs about 900 people worldwide.

Steve Cohen’s net worth is estimated to be $12 billion in 2022.

The Author

Oladotun Olayemi

Dotun is a content enthusiast who specializes in first-in-class content, including finance, travel, crypto, blockchain, market, and business to educate and inform readers.