Jim Cramer Net Worth 2022: Daughters, Wife, CNBC, Books, Salary, Mad Money, Facts & Quotes
How much Jim Cramer Net Worth is?
If we talk about Jim Cramer, Jim Cramer is counted as a very famous American TV host and a good writer. Jim Cramer hosts the famous CNBC show “Mad Money” & also running CNBC Investing Club. He is also known as a good investor.
Jim earns around $5 million every year for different jobs in CNBC as well as a significant amount of income from his book royalties. Jim Cramer, who started his career as a magazine reporter, has a net worth of $160 million as of 2022. In this article of My English Lobby, we will talk about Jim Cramer Net Worth and all the facts related to him that you hardly know about…
Let’s Have a Look at the Wikis of Jim Cramer
|Jim Cramer Net Worth||Estimated at $ 160 Million (As of 2022)|
|Jim Cramer Yearly Income
||Estimated as $ 55k – $ 120k
|Real Name||Jim Joseph Cramer|
|Source of Wealth/Profession||TV Personality, Actor, Author & Business Person|
|Known For||The Famous CNBC Television Show – Mad Money|
|Date Of Birth/Place||10 February 1955 (Wyndmoor, Pennsylvania, US)|
|Age||66 Years Old|
|Weight||80 kg (175 lbs)|
|Zodiac/Star Sign||Updated Soon|
|Jim Cramer Wife/Spouse||
|Children or Kids||2 Kids (Cece Cramer & Emma Cramer)|
|Girlfriend or Dating||N/A|
|Last Updated||January 2022|
As of 2021, Jim Joseph Cramer Net Worth is $150 Million.
Jim Cramer’s Introduction & Early Life
Jim J. Cramer is an American TV personality. He is a good financial expert too. He recently completed 500 shows in CNBC’s famous TV show “Mad Money”. Jim Cramer will appear in many TV shows like this. He was a good investor and also known as the founder of ‘The Street, Inc.’
Jim’s parents’ names are N. Ken Cramer (Father) & Louise A. Carmer (Mother). Jim’s mother was an artist while Jim’s father was the owner of International Packaging Products that sold items such as wrapping papers and boxes to a retailer or restaurant. Jim belongs to a Jewish family. Jim was born on 10 February 1955 in Pennsylvania, United States.
He completed his schooling at Springfield Township High School after that he went to Harvard College for a bachelor’s degree. Cramer completed his law studies at Harvard Law School.
Although taking admission to Harvard School was not an easy thing, still, Jim Cramer obtained the degree of ‘Magna cum Laude’ from there. This means that Jim held a 3.7-3.9 GPA while he was there which is an extraordinary thing.
Jim Cramer’s Career Beginning
James Cramer’s real name is Jim Joseph Cramer. One of Jim Cramer’s early jobs in the early 1970s was selling Coca-Cola and ice-creams during Philadelphia Phillies baseball games at Veterans Stadium.
Jim has seen many ups and downs in his life. During his college days, when Jim was a student at Harvard, he was involved in an extracurricular activity called The Harvard Crimson. In which he was working as the Chairman and Editor of the Publication.
After graduating from college, Jim worked as an entry-level reporter at Tallahassee Democratic Publishing (Florida). Coincidentally, he became the first person to cover the murders of Ted Bundy at the time. The reason for this was that he lived only a few blocks on the way.
After this Jim worked in several publications such as the Los Angeles Herald-Examiner and American Lawyer. He has also worked for the Governor of California, Jerry Brown. Cramer invested in the stock market and covered the cost of his tuition fee with the money earned from trading.
Jim Cramer Net Worth is $160 Million.
Jim Cramer’s Profession
After 1984, when Jim Cramer graduated in law from Harvard, he worked as a stockbroker at Goldman Sachs. Jim never practised law, although he was admitted to the New York State Bar Association in 1985. Eventually, in 2009 his license to practice law was suspended because he had not paid the registration fee. In 1987, Jim Cramer created his own ‘Hedge Fund, Cramer & Co.’ He was the former hedge fund manager. For this, he quit his job at Goldman Sachs. Later, this company came to be known as ‘Cramer, Berkowitz & Co.’
He managed to raise a $450 million return from an investment of $5 million. He made a profit of 20% of the fee invested. Steve Brill, Eliot Spitzer, and Martin Peretz are among the early investors who worked in Jim Crader’s hedge fund. In 2001, Jim retired from his hedge fund. Later, his full partner Jeff Berkowitz take over the company (Cramer, Berkowitz & Co.).
Cramer had claimed that he had a negative return from this fund in just one year. At the same time, he also claimed that his average return annually was around 24%. However, some of his claims remained controversial.
Jim Cramer Net Worth is $160 Million.
Jim Cramer Mad Money & CNBC
Cramer also worked on several other projects such as ‘Smart Magazine’ as an ‘Editor’ at large. Not only this, Cramer together with ‘Martin Peretz’ launched a website called ‘TheStreet.com’ in 1996, whose main basis was to provide financial news and financial literacy. The website was later sold to ‘The Maven’ in 2019 for $16.5 million.
Additionally, during the 1990s Jim Cramer was frequently featured on CNBC as a guest commentator. While he used to run his show which was named “Kudlow & Cramer”. The show aired from 2002 to 2005 with Larry Kudlow.
He then went on to appear on CNBC’s “Mad Money with Jim Cramer”. The show first aired on March 14, 2005. The show earned a lot of fame and became CNBC’s most liked show. Through this show, the viewers are given better knowledge and tools to become better investors. He also gives his opinion about stocks including Bitcoin and Boeing to the viewers through this show.
Under the terms of this show, Jim is required to disclose any position he has regarding the shares discussed on the show to maintain transparency of the show. Jim is not allowed to trade anything after each broadcast.
This CNBC show “Mad Money” was inspired by a radio show (Jim Cramer Real Money) which used to be one hour (60 minutes) long. Jim hosted this radio show before working for CNBC. The show ended in December 2006.
Jim is currently working on this CNBC show with several other well-known CNBC anchors and reporters including:
In addition, Jim has also appeared in popular shows such as “NBC Nightly News”, “The Tonight Show with Jay Leno” & “The Daily Show with Jon Stewart”.
Jim Cramer Personal Life
Jim Cramer married Karen Backfisch in 1988. But this marriage did not last long. In 2009, the couple got divorced. Jim has two children named Cece Cramer & Emma Cramer. Jim then married Lisa Cadette Detwiler for the second time in April 2015. His second wife is a real estate broker and also serves as the general manager of the New York City restaurant The Longshoreman.
Jim and his second wife have some properties which include New Jersey and DeBary Inn in Summit. This property was bought by Jim along with four other investors in 2009. In addition, Jim and his wife own a Bar and Restaurant in ‘Carroll Gardens, Brooklyn’ and also a Bar in ‘San Miguel’.
Today Jim and Lisa are living their married life very well and happily.
Jim Cramer Real Estate & House
Today Jim and his family live in New Jersey. Jim owns 65 acres of land in the New Jersey countryside with his private residential properties in New York.
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Jim and Karen bought a more than 100-year-old house in Summit (New Jersey) in 1999 for about $2.375 million. When Jim and Karen divorced, Jim sold the house to Karen for $1 as a divorce settlement. According to sources, Karen sold this house in 2019 for $3.675 million.
In addition to all this, in 2008 Jim bought another house in New Jersey which is worth about $4.7 million. Jim and his second wife Lisa have many other properties in their names. He also has several properties to his name in the countryside of New Jersey.
Jim Cramer’s Awards & Achievements
Although Jim did not win any awards during his career, he is still honest and active about his career. What Jim has earned so far in his life is an extraordinary thing. This is a huge achievement in itself. ‘ТhеЅtrееt.соm’ аnd ‘Асtіоn lеrtѕ PLUЅ’ formed by Jim still exist today. This is the reason that Jim Cramer Net Worth is around $150 million today.
Jim Cramer’s Books
Jim has written and published many books on investment during his career. Some of these main books are as follows:
- Confessions of a Street Addict – 2002
- How You Can Prosper – 2002
- You Got Screwed! – 2002
- Sane Investing in an Insane World – 2005
- Get Rich, Stay Rich – 2007
- Getting Back to Even – 2009
- Jim Cramer’s: Get Rich Carefully – 2013
Jim Cramer Net Worth & Salary 2022
According to sources, as of November 2021, Jim Cramer Net Worth is estimated as $150 million. Jim made the majority of his income through hedge funds and has continued to invest his money ever since. Along with this, he also advises others to invest money. If we talk about Jim’s annual income, then his annual income is around $50,000 to $110,000.
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Top 20 Facts about Jim Cramer & Mad Money
Jim’s date of birth is February 10, 1955 and his place of birth is Wyndmoor, Pennsylvania (United States).
When Jim was young, he used to sell ice cream.
Jim received his degree (Juris Doctor) from Harvard Law School.
Jim has been fond of Pennsylvania since childhood. He often goes to Pennsylvania as a holiday.
Jim has two wives. The name of his first wife is Karen Backfisch (1988 – 2009) and the name of his second wife is Lisa Cadette Detwiler (2015 – Present).
Jim has two children from Jim’s first wife, , whose name is Cece Cramer & Emma Cramer.
Cramer first started working as a stockbroker at Goldman Sachs in 1984.
Jim left it in 1987 after working at Goldman Sachs and started his own hedge fund, Cramer & Co. (later Berkowitz & Co.).
Jim retired from his hedge fund (Cramer & Co.) in 2001, and the company was taken over by his friend Jeff Berkowitz. He changed its name to “Berkowitz & Co”.
Cramer and Peretz created a website called TheStreet.com in 1966. The real purpose behind creating this website was to promote financial news and literacy.
Jim co-hosted a show with Larry Kudlow called “Kudlow & Cramer”. The show was known as “America Now” before. Jim worked on the show from 2002 to 2005.
Jim Cramer hosted a one-hour radio show called “Jim Cramer – Real Money” which spawned shows like “Mad Money”.
Cramer has also appeared in several television shows such as – NBC Nightly News, Cheap Seats, Late Night with Conan O’Brien, Late Show with David Letterman, Jimmy Kimmel Live! etc.
Cramer also acted in several Hollywood movies like Wall Street: Money Never Sleeps, Iron Man etc.
In 2000, Fox News Channel sued Jim for refusing to do a show for Fox News Channel. Later this case was settled.
Cramer is a big fan of the Philadelphia Eagles. According to sources, he has been holding the season ticket for 20 years.
In 2009, Jim Cramer was one of the 200 candidates in the Time 100 magazine.
Cramer has done more than 500 episodes on CNBC’s Mad Money show.
Jim is a good investment advisor as well as a good writer. He has also written many books on investment and stock marketing.
As of January 2022, Jim Cramer Net Worth is $160 Million.
Top 10 Jim Cramer Most Popular Quotes
“Direct Selling, is a type of business that works best when times are bad”. – Jim Cramer
“Every once in a while, the market does something so stupid it takes your breath away.” – Jim Cramer
“I wish it grew on trees, but it takes hard work to make money.” – Jim Cramer
“I will stand for what I believe and for what i have always believed; Every person have right to be rich in this country & I want to help them get there.” – Jim Cramer
“I think that stocks have been this tremendous, tremendous equalizer for people in this country. Guys who can’t make a lot of money at their jobs have been able to make a lot of money in the stock market.” – Jim Cramer
“I have never for a minute felt in was my stock picking abilities. I feel that my stock picking abilities aided- I was able to pick out which are the good stocks in the good market, but I have been blessed with a great market.” – Jim Cramer
“And, strangely, this one of the few things in life that the third, the latter, the buy with our eyes closed has actually done better than everybody else.” – Jim Cramer
“I believe that this will be a great investment that will make millions of people rich in the future”. – Jim Cramer
“You have a class of investors and you have a class of speculators. The speculators historically haven’t been big enough to cause the investors to doubt the long-term vision of stock.” – Jim Cramer
“What I’m saying is that there are bargains right now, there are stocks right now that if you’re shrewd enough, you will be able to buy them at the opening today and you’ll make money in a year from now.” – Jim Cramer
The above given Jim Cramer quotes are taken from various sources of the internet like Brainy Quotes, Inspiring Quotes, AZquotes etc.
FAQ’s About Jim Cramer Net Worth
Q.1 What is Jim Cramer Net Worth In Rupees?
Ans. – Jim Cramer Net Worth in Rupees is about 11,240,737,500.00 INR ($160 Million).
Q.2 What is Jim Cramer Annual Salary?
Ans.- Jim Cramer Annual Salary is estimated from $55,000 to $120,000. His main source of earning Money is from CNBC’s Mad Money show & CNBC Investing Club. He also earns from his book royalties.
Q.3 What is the name of Jim Cramer Kids or Daughters?
Ans. – Jim Cramer has two daughters named Cece Cramer & Emma Cramer.
Q.4 What is the name of Jim Cramer Wife?
Ans. – Jim has been married twice. The name of his first wife is Karen Backfisch (Married 1988 – Divorced 2009) and the name of his second wife is Lisa Cadette Detwiler (Married 2015 – Present).
Q.5 What is the Age and Height of Jim Cramer?
Ans. – As of 2022, Jim Cramer is about 67 years old and the height of Jim was near about 1.70 m.
Q.6 What are Jim Cramer’s Social Accounts?
Ans. – Jim has accounts on Twitter as well as Instagram. He keeps on providing information related to investment and the stock market through this social media for his followers.
i would stick with Ford which is one of the largest positions in my charitable trust and i think it can go much higher….. pic.twitter.com/nFBLvPpEEn
— Jim Cramer (@jimcramer) October 19, 2021
Jim Cramer Net Worth: Conclusion
Cramer is one of the famous anchors of television. He is known as a financial expert. His program Mad Money is broadcast every Saturday and Sunday on the CNBC channel. Through this show, he provides information about investment and stock marketing to the people.
Cramer set up his own company, a hedge fund, to maintain his interest in the investment industry. The hedge fund company was the first step in his success. He made a lot of profit from this company.
Struggling with his college days, he obtained the degree of “Magna cum Laude” from Harvard University. Jim’s personal life has been full of ups and downs but still, Jim did not lose his interest in stock marketing and Investment. This is the reason why Jim Cramer’s net worth is around $160 million today.
SOURCE: Wikipedia & Celebrity Net worth