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The hedge fund honcho’s net worth is estimated at $14.6 billion, easily topping the next person on the list, Washington Nationals owners Ted Lerner, at $4.8 billion; at least 23 other MLB owners must approve the deal.
While financial details have not been disclosed, it is believed that Cohen is offering approximately $2.5 billion for control of the Mets – the same amount he proposed earlier this year. That deal fell apart when current Mets owner Fred Wilpon reportedly tried to retain some control of their regional sports network SNY.
"Despite the efforts of the parties over the past several months, it became apparent that the transaction as contemplated would have been too difficult to execute," the Mets said in a statement.
Steve Cohen, president and CEO of Stamford’s Point72 Asset Management, has declined comment on the matter; the team issued a statement saying that “The parties are subject to confidentiality obligations, including a mutual non-disclosure agreement, and therefore cannot comment.”
Bloomberg News, citing an unnamed source, reported the deal's value would be a baseball record of $2.6 billion.
The nation’s wealthiest person, according to Forbes, is Amazon Founder, Chairman and CEO Jeff Bezos, with a net worth of $160 billion.
Cohen will serve as president and CEO at the Stamford company while a search for Doug Haynes’ replacement is undertaken.
Litigation does not identify which works from Steven A. Cohen's collection were destroyed.