5 of the most extravagant purchases of fund manager and billionaire Steve Cohen

The most successful in business are some of the richest, most influential men on the planet, but hedge fund managers are usually reserved when it comes to the media spotlight. However, many are not so restrained when it comes to spending hard-earned, excessive amounts of money.

As hedgers, few can boast of the purchasing power of controversial New York financier Steve Cohen. He has amassed an estimated fortune of about $ 11.1 billion and is far from ashamed to lighten this bank burden. Below you can see the top 5 of the most extravagant possessions

3251 sq.m. a mansion in Connecticut

With an estimated value of $ 23.1 million, Cohen’s 18-acre home is far from modest. With a main house, plus a neighboring house that includes a 2-hole golf course, a skating rink, an indoor basketball court and a glass pool, we can understand why Cohen made this his main home. The mansion also houses Cohen’s vast collection of art worth hundreds of millions of dollars.

Share with the New York Mets

A passionate baseball fan, he took the chance to buy a minority stake in the Mets in 2012, splitting $ 20 million for just 4% of the team, despite the fact that there is no big profit from that share. He had also previously made an unsuccessful bid for the LA Dodgers and went so far as to hire an architect for their stadium before the deal fell through.

Damien Hirst’s Shark

A well-known art collector, Cohen has an almost unrivaled collection valued at nearly $ 1 billion. In 2006, Cohen bought Damien Hirst’s sculpture “The Physical Impossibility of Death in the Mind of a Living Man” from Charles Saachi for $ 8 million. The iconic tiger shark, preserved in formaldehyde in a shop window, is one of the most famous pieces in the hedge manager’s collection.

His holdings in New York

In addition to its Greenwich complex, Cohen has a portfolio of properties in the New York area that spans several hundred million dollars. With 3 buildings in New York and 2 summer houses in Hampton, the most extravagant is the only duplex in Bloomberg Tower, which was announced for $ 115 million in 2013.

Picasso’s “LA REVE” masterpiece

The most expensive work of art ever bought by an American collector. Cohen bought the masterpiece for $ 155 million in 2013; surpassing his previous record of $ 137.5 million he paid for Willem de Kooning’s Woman III in 2006. The transaction was finalized weeks after his company settled for more than $ 600 million in domestic trade fees.