5 Richest Hedge Fund Managers in the World

In this article, we discuss the 5 richest hedge fund managers in the world and their top stock picks. If you want to see more hedge fund managers, check out 16 Richest Hedge Fund Managers in the World.

5. Steve Cohen

Net Worth: $17.5 billion

Steve Cohen, a prominent figure in the world of hedge funds, established Point72 Asset Management and accumulated its gains through a high-risk/high-reward strategy. The firm began managing external capital in 2018 after a two-year supervisory ban resulting from insider trading charges against Cohen’s previous firm, SAC Capital. Despite adverse market conditions in 2022, Point72 Asset Management achieved a net gain of 10.3%, resulting in $1.7 billion in gains for Steve Cohen. In 2023, Cohen’s high-risk/high-reward strategy contributed to significant gains for the firm, as Point72’s $33 billion stock portfolio is heavily focused on high-growth tech, consumer discretionary, and communication companies, which performed exceptionally well in the first half of the year. At the end of Q3, Steve Cohen’s biggest position was in semiconductor giant NVIDIA Corporation (NASDAQ:NVDA) with 1.64 million shares valued at $715.87 million.