Jim Cramer Net Worth: James Joseph Cramer, also known as Jim Cramer, is an American television personality and the host of the famous show Mad Money on CNBC. He is also a retired hedge fund manager. As of 2021, Jim Cramer’s net worth is expected to be around $200 million.
Jim Cramer has accumulated his wealth as the host of CNBC’s “Mad Money” and as a former hedge fund manager. In addition, he is the co-founder and chairman of TheStreet.com, Inc. These are three of the prime avenues in which he has accumulated his wealth.
|Full Name||James Joseph Cramer (Jim Cramer)|
|Birth Date||February 10, 1955|
|Birth Place||Wyndmoor, PA|
|Profession||Television Personality and Host of Mad Money on CNBC|
|Net Worth||$200 million|
Jim Cramer’s Early Life
Jim Cramer was born in Wyndmoor, Pennsylvania, on February 10, 1955. He went to Springfield Township High School for his education.
Jim Cramer grew up with artistic parents. His mother was an artist, and his father was a businessman who marketed wrapping paper, boxes, and bags. He began studying stocks when he was in fourth grade. Jim Cramer received his Bachelors degree in government from Harvard University in 1977, graduating magna cum laude, and his Juris Doctor degree from Harvard Law School in 1984.
Jim Cramer begin to accumulate his net worth in his working career as a reporter. He began working for the Tallahassee Democrat, and later for the Los Angeles Herald Examiner. He also experienced a harrowing episode at the time when he was robbed and forced to live in his car for nine months. Cramer later worked as a reporter for American Lawyer, as well as for California Governor Jerry Brown.
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Jim Cramer Net Worth – Trading the Stock Market
Jim Cramer sought to acquire his JD from Harvard Law School in 1984 after working for several years. Meanwhile he was investing and trading in the stock market at the time. He earned enough money from the stock market to pay for his tuition. At the same time, he began to invest and trade money for others.
Cramer began trading in the stock market while in law school and even went so far as to promote his stock picks. His strong stock picks earned him a position as a stockbroker at Goldman Sachs.
Jim Cramer founded his own hedge fund company, Cramer & Co., in 1987, using his knowledge of the stock market.
From 1987 through 2000, Cramer managed his fund and had only one year of negative returns. He eventually withdrew from his hedge fund in 2001, having achieved an overall yearly average return of 24 percent from 1987 to 2001 and earning an average of more than $10 million per year over the entire 14-year period.
Cramer would begin his career as a stockbroker for Goldman Sachs, but would leave after three years. He made the decision to launch his hedge fund, which he expected to be a huge success.
During Cramer’s 14 years as the firm’s manager, the hedge fund returned an average of 24 percent every year. Cramer would leave the hedge fund in 2001 and give it up to his partner.
Since then, Cramer has built a name for himself as the host of Mad Money with Jim Cramer, which debuted in 2005. Previously, he co-hosted a show named Kudlow & Cramer for three years and was a guest pundit on CNBC. After 15 years of Cramer encouraging do-it-yourself investment, Mad Money has been a huge success.
Jim Cramer covered the Ted Bundy murders as a successful reporter in Tallahassee, Florida.
From 1987 to 2000, Cramer managed a hedge fund and had only one year of negative results.
Jim Cramer’s Net Worth as CNBC’s Host of Mad Money
Jim Cramer started on to host the CNBC show “Mad Money,” for which he is best known, in 2005. 2 The show’s purpose is to teach viewers how to think like expert investors rather than to tell them what to think. The show’s popularity has steadily increased over the last decade, making it one of CNBC’s most popular investing programmes.
Cramer’s success on “Mad Money” has given him the opportunity to host and appear as a guest on a variety of investment shows across numerous broadcasting firms. Cramer has also appeared as a guest on popular series unrelated to investment finance, such as “Arrested Development,” “The Tonight Show,” and “The Daily Show.”
Jim Cramer’s Personal Life
In 1988, Cramer married Karen Backfisch, with whom he had two daughters. They would, however, split in 2009. Cramer later married real estate dealer Lisa Cadette Detwiler in 2015. He is a big admirer of the Philadelphia Eagles, and he frequently goes to watch them play.
Jim Cramer’s Net Worth
Jim Cramer’s personal wealth is expected to be over $200 million by 2021. The majority of his fortune stems from the profits he generated while running his hedge fund. He has continued to invest his money and advise others on how to invest in the market since then.