Jim Cramer is a famous television personality and former hedge fund manager. He is also a successful author with a huge net worth of $150 million.
Cramer is best known for hosting CNBC’s show, Mad Money. He is also the co-founder of TheStreet.com.
As per reports, Jim Cramer’s annual salary is $5 million. Most of that money comes from his job at CNBC. He also earns a sizeable income from book advances and royalties.
Family and Early Life
James J. Cramer was born on 10th February 1955, in Wyndmoor, Pennsylvania. He comes from a Jewish background.
His father, Ken Cramer owned an international product packaging company and his mother, Louise A. Cramer was an artist.
Jim Cramer’s first wife was Karen Backfisch. The two tied the knot in 1988 but got divorced in 2009. They share two kids.
Later, Cramer got married to Lisa Cadette Detwiler in 2015. For those who don’t know his wife is a real estate broker.
The couple is now settled in Summit, New Jersey. They also own a property in Quogue, New York.
Cramer is known to be a big fan of the Philadelphia Eagles NFL team.
Talking about Jim Cramer’s educational background, he attended Springfield Township High School. After his high school graduation, he took admitted to Harvard College where he studied government.
He completed his college graduation in 1977 with a B.A. degree in Arts. While in college, she served as the chief editor and president of the Harvard Crimson publication.
In 1984, he returned to Harvard to study law. He used his stock market money to cover his college fees.
After completing graduation, Cramer secured a job at the Tallahassee Democrat publication. He was one of the first reporters to cover Ted Bundy’s murder case. Subsequently, he worked at other publications like American Lawyer and the Los Angeles Herald Examiner.
After his law school graduation, Cramer got a job at Goldman Sachs. Despite taking admitted to the New York State Bar Association, he didn’t practice law. In 2009, his license to practice law was canceled.
In 1987, he set up his hedge fund called Cramer & Co. He retired from the firm in 2001, after giving up his position to Jeff Berkowitz.
Cramer also worked on SmartMoney magazine. In 1996, he co-founded TheStreet.com, a financial news website with Martin Peretz.
Outside his successful career, Cramer also has a passion for writing books. He has published several books throughout his career. Some of his popular books are You Got Screwed! Why Wall Street Tanked and How You Can Prosper, Jim Cramer’s Getting Back To Even, and others.
Earnings and Net Worth
Jim Cramer has a massive net worth of $150 million. Before founding his own hedge company, he had a successful career.
In the beginning, he used to get salaries from companies he worked in. However, he built his fortune through his Hedge Fund Company and TheStreet.com.
He also earns a sizeable amount from his book sales and advances.
1. How much does Jim Cramer make a year?
Jim Cramer makes around $5 million every year for being the host of Mad Money, which airs on CNBC. On his show, Cramer talks about everything related to finance and investment. He discusses stocks, investments, and also about companies that have a rising potential in them shortly.
2. How did Jim Cramer make all his money?
Most people say and believe that Jim Cramer’s rise to fame and money is all thanks to his investment logic and his expertise. His first big breakthrough was Cramer and Co., a hedge fund company that he launched in 1987 and operated until 2020. The fund provided returns of up to 24%, which is pretty impressive.
3. What is Jim Cramer of CNBC net worth?
Jim Cramer, who is a hedge fund manager, author, TV host, and investor has an estimated net worth of around $100 million. His primary source of income is through the ventures he has launched and the investments he has made.
4. Does Jim Cramer invest in stocks?
Jim Cramer’s experience with stock investing dates back to his law school days. He started investing quite early on, which was one of the reasons he has the kind of knowledge that he does.
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