Steve Cohen's $3.4 Billion Payday Tops Hedge Fund Ranks

The Point72 founder edges Tepper and Englander to take the No. 1 spot in Bloomberg's annual listing.

Published on Feb. 24, 2026

Got story updates? Submit your updates here. ›

Steve Cohen, the billionaire owner of the New York Mets, earned $3.4 billion in 2025, topping the list of highest-earning hedge fund managers according to Bloomberg's annual ranking. Cohen, the founder of Point72 Asset Management, apologized to Mets fans on Twitter for the team's disastrous 2025 season.

Why it matters

As the owner of the New York Mets, Cohen's massive personal payday highlights the vast wealth and income inequality in professional sports, where team owners can earn exponentially more than the players and coaches they employ. Cohen's earnings also demonstrate the continued dominance of the hedge fund industry in generating outsized personal fortunes.

The details

According to Bloomberg's annual ranking of the highest-earning hedge fund managers, Steve Cohen, the founder of Point72 Asset Management, earned $3.4 billion in 2025, edging out other top earners like David Tepper and Israel Englander. Cohen is also the owner of the New York Mets baseball team, which had a disastrous 2025 season, prompting him to apologize to fans on Twitter.

  • Steve Cohen earned $3.4 billion in 2025, according to Bloomberg's annual ranking.

The players

Steve Cohen

The billionaire owner of the New York Mets and founder of Point72 Asset Management.

David Tepper

A prominent hedge fund manager who was one of the other top earners in Bloomberg's ranking.

Israel Englander

A hedge fund manager who was also one of the top earners in Bloomberg's ranking.

Got photos? Submit your photos here. ›

What they’re saying

“I owe you an apology”

— Steve Cohen (Twitter)

The takeaway

Steve Cohen's massive personal payday as a hedge fund manager highlights the vast wealth and income inequality in professional sports, where team owners can earn exponentially more than the players and coaches they employ. This demonstrates the continued dominance of the hedge fund industry in generating outsized personal fortunes.