Steve Cohen (Image Source: Getty) The New York Mets belong to one of the richest men in sports right now. The team was purchased by Steve Cohen in 2020, and he owns nearly everything related to it at the moment. He spends a lot of money to ensure that he makes the Mets better by spending money on them all the time. His big wallet and strong personality changed how fans see the future of this famous baseball club in Queens. Many wonder how one person controls so much of the team’s direction and success moving forward.
Inside Steve Cohen’s ownership era with the New York Mets
In late 2020, Steve Cohen bought the New York Mets for a record-setting price in a deal worth $2.4 billion, making it a record price to buy a franchise in Major League Baseball at that time. He currently controls more than 97% of the entire organization, while the old Wilpon and Katz families keep only a tiny share.Cohen holds the titles of chairman and chief executive officer, so he makes the biggest calls on strategy and spending. Before taking full control, he first became a minority owner back in 2012 when he started building his influence inside the front office. His money comes mostly from running Point72 Asset Management, which handles huge sums for investors around the world. Fans notice the difference because Cohen approves massive contracts that previous owners usually avoided signing.The franchise value climbed under his watch, and experts now place the Mets’ worth around $3.2 billion according to the latest Forbes list. Citi Field Business had also reached new heights as the revenue earned in the 2025 season was 308 million. Cohen continues to pressure the team to win additional games by making shrewd investments in athletes and stadiums.
Steve Cohen’s wealth powers a new era for the Mets
Steve Cohen sits among the richest people on earth with a personal fortune estimated at $23 billion by Forbes in late 2025. That money started growing years ago when he built his hedge fund into one of the strongest in the industry. He collects valuable art pieces and enjoys other luxury investments that show his personal style outside baseball. The huge wealth lets him spend freely on top stars without worrying about strict budget rules like some other owners face. David Stearns runs baseball operations as president while Cohen stays closely involved in major moves. His wife, Alexandra, also holds a co-owner role, which adds a family touch to the leadership group. Social media posts from Cohen often excite fans because he speaks directly about team goals. This hands-on approach, combined with serious financial power, keeps hope alive for long-term success in a very tough division. The Mets look completely different now compared to the years before Cohen arrived.Also Read: MLB trade rumors: New York Mets potentially eyeing $116.5 million Arizona Diamondbacks star to replace Jeff McNeil and improve title odds