A Mammoth $1.2Billion Fine Failed to Stop Steve Cohen From a Ridiculous Splurge Long Before New York Mets Takeover

Ever since Steve Cohen toppled Alex Rodriguez and Marc Lore in the New York Mets ownership auction, the hedge fund manager became the richest and most opulent owner in Major League Baseball, with a net worth of almost $17 billion. But long before that, in 2013, Steve Cohen found himself at opposing ends with the law, and despite being guilty, his demeanor failed to display an ounce of guilt.

Moreover, even though Cohen faced a gigantic $1.2 billion fine, his ensuing actions at an art house seemed unhindered by apprehension. But in all fairness, did anyone expect better?

Shameless Steve’s ostentatious shopping spree

Back in 2013, as reported by Page Six, Steve Cohen’s SAC Capital firm pleaded guilty to insider trading. As a result, Cohen received an enormous $1.2 billion fine, but for someone who’s a multi-billionaire, putatively, the fine didn’t make a very big amend in his life.

Steve Cohen immediately headed to a few luxurious art galleries, to spend some more of his money alongside art adviser Sandy Heller. He visited the galleries of David Zwirner and Barbara Gladstone. And the future New York Mets owner also snapped at a Gladstone director, saying, “OK,OK, so gimme the spiel.” His presence at these art galleries attracted a mass of negative traction and the title of “shameless.”

Read More: Steve Cohen Once Used a Fraction of His $17.5 Billion Fortune to Buy a Hollywood Icon’s Friendship Before Mets Takeover

Another gallery visitor passed a snarky comment on Steve Cohen, and lauded, “That is called having no shame.”

Who follows Steve Cohen on the list of the richest MLB owners?

As reported by Rookie Road, following Steve Cohen at $17 billion, is an entire company named Rogers Communications which stands behind the ownership of the Toronto Blue Jays with a combined net worth of $11 billion.

The New York Yankees, considered one of the most iconic franchises in Major League Baseball (MLB), is owned by Hal Steinbrenner, who ranks 10th on the Rookie Roads list with a net worth of $3.8 billion.

In terms of the Subway Series, which pits the Yankees against the New York Mets, it is interesting to note that Hal Steinbrenner’s team is not necessarily the wealthier of the two. This fact is often used as a taunt by Yankees fans against the Mets.

Watch this story: From Steve Cohen to Hal Steinbrenner- MLB team owners with the highest net worth in 2022

Ultimately, it’s up for debate as to which team has the more successful owner – Steve Cohen may be more ambitious, but Hal Steinbrenner has a wealth of experience under his belt. Share your thoughts in the comments.