Who is Mets owner Steve Cohen's wife? Hedge funder invested in $22M luxury mansion
92.7% stakeholder of the New York Mets, Steve Cohen, has acquired a 31,000 sq ft waterfront mansion in Palm Beach County which spans 2.7 acres.
The New York Mets might not feature on the top five baseball teams currently but that is no hurdle for owner Steve Cohen who has just added a $22 million home to his flourishing assets. The stunning waterfront property sits on 2.7 acres near Boca Raton. Steve Cohen is ranked 119 on Forbes' List of Richest Billionaires 2021.
His rise has been phenomenal, an example of this would be how he owned just 8% of the Mets in 2012 but by 2020 he had booted out bids from several big wigs including Alex Rodriguez who didn't handle the loss too well, according to reports. Cohen acquired the majority stake in the team becoming the owner of a 97.2% stake in the team, paying out $2.6 billion for the same. Things have been quite rocky for the billionaire hedge fund manager and investor being banned from investing after his hedge fund pled guilty to wire fraud which resulted in a hefty lawsuit. However, the New Yorker has come out stronger than ever to add the new luxe property to his portfolio.
Cohen might have been known for the racketeering charges against him, and his fancy art collection, his real estate purchases, and his staggering net worth but the man has a philanthropic side to himself that is seldom talked about. Alongside his wife Alexandra, Cohen has set up the Steven & Alexandra Cohen Foundation through which they have given out $625 million in funds and awarded over 3,000 grants over the past 19 years. They serve to causes related to underserved communities, children, and sustainability. They have also invested over $50 million in over 25 research studies to improve the diagnosis and health care provided to people suffering from Lyme disease.
Who is Steve Cohen's wife Alexandra?
Alexandra Cohen who goes by Alex Cohen was born in Harlem, New York, and grew up in Washington Heights. She studied Communications at New York's Manhattan College and went on to make a place for herself in the finance world. She met Steve Cohen through a dating service in 1991 right after he had divorced his first wife. The following year Alex and Cohen were married. Alex was a single mom when she had met her husband and together the duo have raised seven children which includes three from their previous marriages.
Steve Cohen's $22 billion Florida home
Cohen closed the deal for the house on August 9, purchasing the waterfront property in an unincorporated area of Palm Beach County near Boca Raton and west of Delray Beach. This is not his first home in Florida and he had sold his last property for 6.4 million. The new house features a living area that is visible when entering, the kitchen too comes with a living area and a television set. His new home, the Rockybrook Estate is a gated mansion, the listing for which described it as, "world-class design and lifestyle of unrivaled amenities, privacy and security.”
The luxe property is extravagance personified and comes armed with a wine cellar, a club room with a bar, a two-lane bowling alley, a cinema-style theater room, and a health and beauty salon. The estate has seven bedrooms and 11 full baths, a billiards and cards table, a cigar room, and a massive children's lounge, a gym and sauna, a championship tennis court, and a meditation space overlooking the tropical garden, according to a report.
Steve Cohen's extravagant sales and purchases
Cohen has a particular liking for real estate investments which explains his vast portfolio of luxury homes that he doesn't seem to stop investing in. Cohen owns a 35,000 sq ft mansion in Connecticut which spans across 18 acres of land. The main house plus a neighboring home is joined by a two-hole golf course, ice-skating rink, indoor basketball court, and a glass-enclosed pool. In April, Cohen sold his sprawling 9,000 sq ft Manhattan penthouse which was listed at $29.5 million. There was a huge unexplained drop in the price set for the sale of the house which initially went on the market in 2013. The listing was priced at $115 million back then. In 2019, Cohen sold his triplex condo in West Village, Los Angeles's Abingdon building for $30 million. Apart from these, he also owns two summer homes in the Hamptons.
Cohen's art collection
Cohen is a renowned art collector and his collection is estimated at a whopping $1 billion. In 2006, he had purchased Damian Hirst's 'The Physical Impossibility of Death in the Mind of Someone Living' from Charles Saatchi for $8 million. It is an actual tiger shark preserved in formaldehyde in a vitrine and it was caught by a commissioned fisherman in Hervey Bay in Queensland and Hirst's desire was to have a specimen "big enough to eat you." Cohen also owns Picasso's 'La Reve' painting for a staggering $155 million in 2013 making the artwork the most expensive ever purchase by a US collector.