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Tuesday, January 5, 2021

NY Post reports @stevenacohen made $1.6 Billion in 2020.


This is going to ruffle the whiny, entitled contingent of Mets fans. They are going to start complaining that no big name free agents were signed yet. Who know's how much Cohen actually made in 2020 but that is pretty cool if he made almost as much as he paid for the Mets.

From the NY Post.

 

Mets fans will be pleased to learn that Steve Cohen hit it out of the park last year.

The billionaire investor’s hedge fund Point72 Asset Management returned double digit gains of around 17 percent in 2020, according to an investor. 

Cohen’s personal take on that haul is expected to be in the range of $1.6 billion — or roughly two-thirds the $2.4 billion the 64-year-old paid for the Queens team in August after an earlier $2.6 billion deal fell apart in February. 

The pay raise couldn’t come at a better time. Cohen– who ended 2020 with a net worth pegged at $14 billion, according to Forbes — has vowed to spend big on the Mets. And fans are expected to try to keep him to that promise, especially if he continues to rebel against his reputation as a button-up money man by engaging with them on Twitter.

Read more here

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