Steven Cohen[table border=”0″]Net Worth: $9.3 Billion
Source of Wealth: Hedge fund manager
Steven A. Cohen is one of America’s richest billionaires. His fortune stems from his role as a hedge fund manager. He founded SAC Capital Advisors, a hedge fund dealing mostly with equity market strategies. He is also a minority stake holder in the professional baseball team, the New York Mets.
After graduating from the renowned Wharton School at the University of Pennsylvania, Cohen began working as a junior trader on Wall Street for Gruntal & Co. He became widely known in the early 80’s for earning the company a profit of about $100,000 per day. This success continued, eventually earning him a place on the List of Billionaires.
He founded SAC in 1992 after leaving Gruntal and lives in a 35,000 square-foot home in Greenwich, Conn.