Everyone loves a good party. Except, on occasion, the image-conscious superrich.
From Steve Schwarzman to Sean Parker to Steve Cohen, billionaires who host ill-timed or ill-considered parties can quickly feel the PR pain—especially at a time of growing populism and negative attention on the rich.
Cohen's weekend soiree is just the latest in the ongoing series of wealth parties gone wild. According to someone familiar with the matter, Cohen held a party at his 10-bedroom beach estate in the Hamptons on Saturday—just two days after his firm was indicted for insider trading.
It was a small gathering by billionaire standards, only a "few dozen people attended," said Reuters.
(Read more: SAC's Cohen throws a party, despite indictment)
The party was aimed at thanking donors to the Ovarian Cancer Research Fund, a popular charity among the Hamptons set. On Saturday, the fund held its Super Saturday fundraiser, which included stars like Kelly Ripa and Edie Falco, in Water Mill, N.Y.