Entrepreneur, Author, Tv host, Actor, Journalist, Lawyer
Net Worth in 2021:
Jim Cramer Net worth
Jim Cramer is an American Actor, entrepreneur, Author, Tv host, and philanthropist. He is best known for being the host of CNBC’s Mad Money. Jim Cramer is the co-founder of “The Street”. Jim Cremer’s annual salary is more than $5 million. He is a hedge fund manager, he manages more than $450 million of funds, He produced an average annual return of 24%. He earns a decent amount of money from book royalties and advances.
Jim Cramer’s net worth is $150 million.
Jim Cramer’s real name is James j. Cramer. On 10 February 1955, he was born in Wyndmoor, Pennsylvania, United States, to N Ken Cramer and Louise A Cramer. His father was the owner of a Packaging company, and his mother Louise was an artist. Jim finished his schooling at Springfield Township High School and graduated with a Bachelor of Arts degree from Harvard College.
Jim Cramer is a fan of Philadelphia sports. He once sold Coca-Cola and ice cream at Veterans Stadium during Phillip’s first season there in 1971. While attending college he started investing in the stock market and he was making enough money to cover his tuition fees. Michael Kinsley introduced Jim to Martin Peretz (founder of THe New Republic), Martin gave him $50,000 to invest in stocks. In two years, Cramer turned $50,000 into $150,000.
In 1978, after completing his graduation he began working as a reporter, he was making around $15,000 per year. Jim worked for Tallahassee Democrat Richard Oppel, an American lawyer. During this time, his apartment was robbed and he lost everything, he lived in a car for nine months. In 1984, Cramer became a stockbroker at Goldman Sachs, where he worked as a trader and in the sales department.
He left Goldman Sachs in 1987 and started as Cramer, Berkowitz & co. The first investor to invest in his company were his friends and classmates, raised $450 million in $5 million increments, and earned 20% as a profit. .Jim was an editor for “Smart Money” magazine.
In 2005 he hosted “Mad Money with Jim Cramer” on CNBC. After his success, he hosted and appeared in many shows like “Kudlow & Cramer”, “America Now”, “Arrested Development”, “The Martha Stewart Show”. He hosted the radio show called “Jim Cramer’s Real Money”. He appeared in movies including “Wall Street: Money Never Sleep”, “Iron Man”.
In 2009 his license was suspended because he was unable to pay the registration fees.
Jim Cramer also wrote a few books on fundamentals of investments and investment strategy such as “Get Rich Carefully”, “Getting Back To Even”, “Why The Wall Street Tanked and How You Can Prosper”, “You Got Screwed”.
Jim Cramer founded his trust “Action Alerts Plus”. He was involved in market manipulation and his license was suspended.
Jim Cramer was one of the 100 most influential people in the world according to Time 100 in 2009.
He started investing at a very young age, while in college he was making enough from the stock market to cover his tuition fee. He started learning and investing in the stock market. He spends most of his time researching and analyzing the stocks. He made higher returns on the stock he picked. Sometimes it is said that Cramer’s picks were better than Buffett’s. However, Berkshire Hathaway gave Warren Buffett higher returns in a longer time, making him a multibillionaire.
Cramer brought home more than $10 million regularly every year in his prime. He might have had much more money than he currently has.
In 1988, Jim Cramer married Karen Backfisch, they had 2 children and they separated in 2009. Cramer married Lisa Cadette Detwiler in 2015. Lisa is a real estate broker and general manager of an Italian restaurant in Brooklyn, New York.
His current wife and Ex-wife both used to work in a hedge fund company.
Awards and Achievements
Once Jim Cramer said that “If Hollywood gets a big red carpet moment, then the stock market deserves one too”. On 28th February Jim hosted the first Golden Bull Awards. The categories for which awards were given such as Best CEO, Best IPO, Best Editing, Lifetime Achievement, and Viewer’s Choice Award.
Jim Cramer hasn’t won any awards in his career, but he is still active and a successful person.
From investing in stocks and real estate to writing books to host television shows he is very much famous in the world. Jim is one of the most renowned Tv personalities in the world.
Jim Cramer’s net worth is $150 million. He was the founder of TheStreet.com, host of Mad Money and he was a hedge fund manager, through which he made his fortune.
Cramer has 65 acres of real estate in New Jersey. He also owns many different real estates in the United States.
Comment below what do you think about Jim Cramer’s net worth?