Originally posted on November 18, 2021 @ 3:28 pm
James Joseph Cramer, who is also known by the name of Jim Cramer, is an American TV presenter who hosts the well-known show on CNBC known as Mad Money. He was a former hedge fund manager too. At the time of 2021, Jim Cramer’s net worth is estimated at around $150 million.
|Full Name||James Joseph Cramer|
|Birth Date||February 10, 1955|
|Birth Place||Wyndmoor, Pennsylvania|
|Profession||Television Personality and Host|
|Net Worth||$150 million|
Cramer was born on the 10th of February 1955 at Wyndmoor, Pennsylvania. He was a student at Springfield Township High School. He started to research stocks while he was in the fourth grade. Then he attended Harvard College where he graduated with a Bachelor’s degree in the field of art and government in 1977. In his time at Harvard College, he was president of Harvard College as well as Editor for The Harvard Crimson.
He began his career as a reporter in the beginning. He then began working for the Tallahassee Democrat and would later be employed by The Los Angeles Herald Examiner. The newspaper also had a horrifying incident in the same time period after he was robbed, and was forced to stay inside his vehicle for nine months. Cramer was later employed as a reporter with American Lawyer and would also be a part of Jerry Brown who was the Governor of California.
After several years of working, Cramer then decided to obtain the JD at Harvard Law School in 1984. At the time, that he started trading and investing on the market for stocks. He earned enough from the market to pay the tuition fees. He also began investing and exchanging money for other people during this time.
Cramer began his career as a stockbroker at Goldman Sachs but would leave after three years. He decided to launch his hedge fund and achieve massive success.
According to Cramer, the hedge fund made an average of 24% each year for the 14 years he was operating the fund. In 2001, Cramer decided to end his tenure as the manager of the hedge fund, and then hand the fund to his partner.
Since the beginning, Cramer has made his name by being the presenter for Mad Money with Jim Cramer which began to air in 2005. Prior to that, he hosted the show, Kudlow & Cramer, for 3 years and was an expert guest on CNBC. Mad Money has been a huge success, having completed the span of 15 years Cramer advocating do-it-yourself investing.
Cramer was married to Karen Backfisch in 1988 with whom he had two children. They would later divorce in 2009. Cramer would later marry Lisa Cadette Detwiler in 2015 who is a real estate agent. He is a big supporter of the Philadelphia Eagles who he goes frequently to watch.
In 1999, Jim and Karen were able to pay $2.375 million for the 100-plus-year-old house on 1.33 acres of land in Summit, New Jersey. In their divorce settlement, Jim offered the house in 1999 to Karen at a price of $1. Karen then sold the property in April of 2019 for $3.675 million.
In 2008, Jim bought $4.7 million for a second property situated in Summit, New Jersey. Jim also owns an estate that is 65 acres elsewhere located in New Jersey.
Jim Cramer Net Worth
In 2021 Jim Cramer’s wealth is estimated to be about $150 million. The bulk of his fortune comes from the funds the hedge fund. He continues to invest his funds since then and advises others on how you can invest your money in markets.