Hedge fund SAC Capital Advisors may have been slapped with a $1.2 billion fine for insider trading – the biggest in history – but the amount should be no sweat for its founder Steven Cohen, whose net worth is estimated at between $8 billion and $9 billion and whose holdings include nearly $300 million in luxury real estate in Manhattan, the Hamptons and Connecticut.
Cohen’s Manhattan residential assets include a penthouse at One Beacon Court that Cohen put on the market in April for $115 million, and two West Village homes valued at $23.4 million and $38.8 million respectively.
Cohen also owns two East Hampton estates worth an estimated $62.5 million and $18 million respectively, CNBC reported, as well as a $23.1 million, 35,000-square-foot mansion in Greenwich, Conn.
SAC is currently looking to consolidate its Manhattan office space, according to CNBC, and will sublet one floor of its space at 330 Madison Avenue. [CNBC] – Hiten Samtani