Jim Cramer Biography & Net Worth
|Popular Name:||Jim Cramer|
James J. Cramer
Wyndmoor, Pennsylvania, United States
Karen Backfisch (m. 1988–2009)
Lisa Cadette Detwiler (m. 2015)
|Profession:||Television Personality, Author|
|Years active:||1980 To Date|
|Net Worth:||$110 Million|
|Last Updated:||December, 2020|
Jim Cramer is a finance expert and television personality, known as the host of the finance television ‘Mad Money’ that is aired on CNBC. A former hedge fund manager, Jim started his professional career as a journalist and covered several high-profile murders in Florida. Finding it hard to make a decent living through reporting, he enrolled into Harvard University to study law. It was during his stint at Harvard that he started developing interest in finance, and he started to trade in the stock market. After getting his degree, he pursued a career in law for a brief period but quit to enter the realm of finance. After working for a few years with Goldman Sachs, he founded his hedge fund company ‘Cramer & Co’. In collaboration with Martin Peretz, the editor of ‘The New Republic’, he co-founded TheStreet.com, Inc. in which he occupies the positions of market commentator and adviser. In 2005 he got an invitation to host a finance program, titled ‘Mad Money’ on the CNBC channel. The program centered on investment and speculation in openly traded stocks where Jim Cramer recommends one or more stocks depending on certain rationale. He has also appeared on several other television shows like ‘The Tonight Show with Jay Leno’, ‘NBC Nightly News’, and ‘The Daily Show with Jon Stewart’. In addition to his occupation as a financial expert, Jim Cramer net worth also gains valuable contribution from his role as an author notable for writing several books on finance.
Jim Cramer’s Early Life
Cramer was born in a suburb of Philadelphia into a Jewish family. He graduated from Springfield Township High School in Montgomery before moving to Harvard College where he graduated with a bachelor’s degree. Having being highly interested in journalism from the start, he worked for ‘The Harvard Crimson’ for a while, and gradually rose to become its president.
Jim Cramer’s Career
In the beginning of his career pursuit, Jim Cramer did many entry-level jobs. He then began to write for the Los Angeles Herald Examiner. Following that, he worked for Jerry Brown and also worked under Alan Dershowitz. He worked with the American Lawyer as a reporter. By failing to pay the registration cost, his license as a practicing lawyer was canceled from 1985 to 2009.
Starting from his days as a law school student, Jim has been investing in stock markets. He received the sum of $500,000 from Martin Peretz, and in the period of two years, he returned a profit of $150,000. In 1984, Jim worked as a stockbroker for Goldman Sachs’ Private Wealth Management.
He decided to go his own way having acquired enough funds and experience, so he formed the hedge fund Cramer & Co. He was associated with the fund for twelve years from 1988 to 2000. In 1996, he combined with Peretz and formed TheStreet, Inc. He presently works at the company, serving as the advisor and market commentator.
In 2005, Jim Cramer hosted ‘Mad Money with Jim Cramer’ on CNBC. He was also the host of the television programs ‘America Now’ and ‘Kudlow & Cramer’. He was the host of the radio program called ‘Jim Cramer’s Real Money’, and also featured as the guest host of the program ‘Imus in the Morning.’ Additionally, Jim has appeared in a small list of television shows and films, including notable ones like ‘The Martha Stewart Show’, ‘Arrested Development’, ‘Iron Man’, and ‘Wall Street: Money Never Sleeps’.
Awards & Achievements
Throughout his career, James Cramer has not registered any award winnings. He is very active in his professional career and continues to acquire success. He started his journey by taking a small loan with which he established himself and his businesses, and this is quite a huge accomplishment. His companies Action Alerts PLUS and TheStreet.com have grown to become big ventures, and provide much more profits to Jim’s wealth.
Personal Life & Family
Jim Cramer was initially married to Karen Backfisch. The couple had a peaceful marriage which produced two daughters, but they called things off in 2009. In 2015, Jim wedded Lisa Detwiler in April 2015. His current wife Lisa is a real estate broker.
He is the founder of the trust fund known as “Action Alerts PLUS.” He was involved in a court case with Fox News Channel, which was settled in 2000. He was involved in market manipulation as well, and was in the United States Securities and Exchange Commission’s subpoena.
Jim Cramer Net Worth
Mr. Cramer has been able to accumulate his wealth by focusing on his professional career as a successful TV host and finance expert. He formed successful companies and holds strategic positions in them. He has also been available both on television and radio, and has also acted in films. He is also an author, best known for the books ‘Jim Cramer’s Get Rich Carefully,’ ‘Jim Cramer’s Getting Back to Even, and ‘Confessions of a Street Addict.’
Considered one of the most renowned TV personalities in the world as of today, Jim Cramer net worth is $110 million. From hosting television shows to writing best-selling novels, he has got thousands of supporters across the world.