What is Steve Cohen’s Net Worth?
Introduction
Steve Cohen, an American politician, is the U.S. representative from Tennessee’s 9th Congressional District since 2007.
He is a Democratic Party member. The district encompasses the western three-fourths of Memphis.
Steve Cohen’s net worth was approximately $12 billion as of June 2022.
Early Life
Stephen Ira Cohen was born in Memphis, Tennessee, on the 24th of May 1949.
Cohen is the son of Genevieve Cohen and Morris David Cohen, a pediatrician.
He is the older brother of Martin D. Cohen and Michael Corey. He is a fourth-generation Memphian and a grandson of Jewish immigrants from Lithuania, Poland, and Lithuania.
Career
Cohen was elected to the Tennessee Senate as District 30 representative in 1982. This district includes parts of Memphis. This position he held for 24 years.
Cohen worked for 18 years to abolish the Tennessee State Constitution’s ban on lotteries. In 2002, Cohen’s efforts were successful and a Tennessee state lottery program was created to offer college scholarships to students.
Cohen’s most famous accomplishment is his lottery program. It raised more than $2 billion to support scholarships, afterschool programs, technical center grants, and energy-saving programs in K-12 schools.
He sponsored legislation that would expand community access to healthcare and protect animal rights. He also supported the reinstatement or protection of voting rights.
Cohen was one of the three Tennessee senators who voted against the Tennessee Marriage Protection Amendment in March 2005. The amendment was approved by Tennessee voters via a referendum held in November 2006.
Highlights
These are some of the greatest highlights of Steve Cohen’s career.
- Cohen was elected to the Tennessee Senate (1982)
- He is a member of the Democratic Party
- Tennessee State Constitution
Three Powerful Lessons From Steve Cohen
We now know more about Steve Cohen’s net worth and how he became successful. Let’s look at the best lessons we can take from him.
1. Risk management and discipline
Risk management does not mean avoiding them. It is not avoiding risks. Cohen wants men who are confident to take risks and to go out on their own.
2. Patience
Cohen states that it doesn’t matter if the stock is expensive or cheap; it must have a catalyst to make it move. Cohen’s minions must tell Cohen what the other big investors think about it and why they are wrong when they pitch a contrarian stock bet. He once said that at least half of what he does was intuition.
3. You are the only one who can be you
Cohen also emphasized the importance of matching your trading style with your personality. There are many ways to trade the markets. Know who you are.
Favorite Quote From Steve Cohen
“It is difficult to find good ideas, and it’s even more difficult to make a difference and stand out. We are entering a new era. .”