Steve Cohen topped the list of highest-earning hedge fund managers in 2025, taking home approximately $3.2 billion.
2025 marked a record year for the industry, with the highest number of managers ever entering the "billion-dollar club," including industry titans like Ken Griffin and Izzy Englander.
A significant portion of Steve Cohen's gains stemmed from his personal capital invested in the fund rather than management fees, whereas managers like Griffin and Englander saw a more even split due to lucrative pass-through fee structures.
Josh Resnick emerged as a notable newcomer to the top ranks, generating returns of roughly 40% and taking home nearly $700 million despite managing a smaller asset base.
The list remains exclusively male, highlighting a persistent lack of female representation at the elite level of hedge fund management.