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Friday, dec 20
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Steve Cohen
Sports
Biggest Player Contract Ever In Sports: NY Yankees' Juan Soto Signs With Rival Mets For $765M
It's truly one for the books. New York Yankees free agent right fielder Juan Soto has reportedly agreed to a $765 million, 15-year deal to go crosstown and join the rival Mets. It's the largest deal in pro sports history, with no deferred money, a $75 million signing bonus, and an opt-out after five seasons, according to mlb.com. The signing represents a bold move for Mets owner Steve Cohen in his quest to build a championship-caliber team. He outbid not only the Yankees but also Soto's other suitors: the Boston Red Sox, Los Angeles Dodgers, and Toronto Blue Jays. News…
Business
Here's Where Greenwich's Steve Cohen Ranks Among US Richest
Forbes released its annual list of the nation's 400 richest Americans this week, and a Connecticut hedge fund manager ranked among the top 40. In all, five billionaires call the Nutmeg State home. Steve Cohen, who runs Point72 Asset Management headquartered in Stamford, was ranked 39th among the richest Americans, and the richest person in Connecticut. According to Forbes, the 68-year-old Greenwich resident is worth an estimated $21.3 billion, a massive increase from when he was worth $13.6 million in 2019. Cohen purchased the New York Mets in 2020. Related:…
News
6 CT Billionaires Hit Forbes 400 Richest List, 5 Call Fairfield County Home
As Forbes released its 2023 World's Richest 400 People, a look at the numbers shows that even the billionaires of the world are feeling the pinch of falling stocks and rising interest rates. The same goes for Connecticut where six billionaires made the list, including one who fell off last year's list only to return this year when another, Stephen Mandel Jr. of Greenwich, didn't meet the required cutoff of $2.9 billion in money. So who are the richest in the state that can rub elbows with the high and mighty? This year's six include top-ranked from the richest in America: No. …
Lifestyle
Brand-New Forbes Rankings Reveal Richest CT Residents
The old saying the rich get richer isn't true this year according to Forbes which just came out with their top 400 wealthiest people in the country for 2022. As a group, the 400 are worth $4 trillion to $500 billion less than last year and for the first time since the Great Recession, the minimum net worth to make the list is down $200 million to $2.7 billion amid the market selloff. But of course, there are still plenty in Connecticut who made the list ranging from hedge fund owners to inherited wealth. So who are the richest people in Connecticut? Here are the top-ranked folks who made t…
Lifestyle
These CT Residents Rank Highest On New Forbes Richest People List
A group of Connecticut businessmen and women are among the wealthiest in the country, according to the latest Forbes ranking. The global media company released the Forbes 400 of 2021, which includes several familiar faces to Connecticut residents highlighted by hedge fund mastermind Ray Dalio. Each year, Forbes runs the numbers to determine the wealthiest residents in each of the 50 states, including more than 750 candidates who were whittled down to the top 400 wealthiest Americans. According to Forbes, their reporters interviewed employees, handlers, peers, rivals, and attorneys whi…
Sports
Former NY Mets GM Found Not Guilty Of DUI After Greenwich Party
He’s safe! Former New York Mets General Manager Zack Scott was found not guilty of driving while intoxicated and other charges following his arrest in Westchester last summer. Scott, age 44, was busted for allegedly driving while intoxicated when he was busted at approximately 4:15 a.m. on Aug. 31, 2021, in White Plains, allegedly after attending a Fairfield County fundraiser at Mets owner Steve Cohen's Greenwich home. Original story - Acting Mets GM Accused Of Driving Drunk In Westchester, Reports Say A judge ordered Scott to pay a pair of parking tickets worth $100 each with an $88 surc…
Sports
Mets Fire Acting GM After DWI Coming From Owner's Greenwich Home
He’s outta there. Acting New York Mets general manager Zack Scott will not be coming back to the team after being arrested for allegedly drinking and driving in Westchester County over the summer after a trip to owner Steve Cohen’s Connecticut home over the summer. Scott, age 44, was busted for allegedly driving while intoxicated when he was busted at approximately 4:15 a.m. on Tuesday, Aug. 31 in White Plains, allegedly after attending a Fairfield County fundraiser at Cohen's Greenwich home. Original story - Acting Mets GM Accused Of Driving Drunk In Westchester, Reports Say It is alle…
News
Trial Set For Acting Mets GM Busted For DWI After Greenwich Fundraiser
Acting New York Mets General Manager Zack Scott is going from the front office to the front of a courtroom following his arrest for alleged impaired driving in Westchester County following a visit to owner Steve Cohen’s Connecticut home over the summer. Scott, age 44, was busted for allegedly driving while intoxicated when he was busted at approximately 4:15 a.m. on Tuesday, Aug. 31 in White Plains, allegedly after attending a Fairfield County fundraiser at Cohen's Greenwich home. It is alleged that at the time he was approached by officers on South Lexington Avenue in White Plains, Scott …
Sports
Report: Acting Mets GM Accused Of DWI After Leaving Owner's Greenwich Home
The New York Mets took another blow in what's been a difficult season after their acting general manager was arrested for alleged drunk driving in Westchester following a visit to the Fairfield County home of team owner Steve Cohen, according to reports. Acting GM Zack Scott reportedly Mets up and was busted for allegedly driving while intoxicated when he was busted at approximately 4:15 a.m. on Tuesday, Aug. 31 in White Plains, The New York Post first reported. It is alleged that at the time he was approached by officers on South Lexington Avenue in White Plains, Scott was asleep at the wh…
Sports
Greenwich Hedge Fund Billionaire Takes Steps To Purchase New York Mets
Many New York Mets fans may have their wishes granted as Greenwich hedge fund billionaire Steve Cohen, a Long Island native, is taking steps to purchase the majority of the team from the Wilpon family. Sterling Partners, the Wilpon’s family business, has reportedly entered talks to sell up to 80 percent of its shares of the Major League baseball team to Cohen, who is already an investor in the club. If completed, the transaction would value the franchise at approximately $2.6 billion. Under the proposed agreement, Fred Wilpon would remain as CEO for five more years, and Jeff Wilpon will con…
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