Net Worth

Jim Cramer Net Worth

January 27, 2019
3 min read

How much is Jim Cramer worth? $100 Million

How did Jim Cramer earn his money and wealth?

Jim Cramer is a multifaceted man who is not only a television personality but also a former hedge fund manager and a best-selling author. Born on February 10, 1955, in Wyndmoor, Pennsylvania, his parents were Jewish. Jim Cramer was a student at the Springfield Township High School in Montgomery County. He studied at Harvard College from where he graduated magna cum laude with a BA in government in 1977. While at college, he was the President as well as Editor-in-Chief of The Harvard Crimson. He continued to study law after his graduation and received his Juris Degree from Harvard Law School in 1984.

Cramer started his professional career by taking several entry-level reporting jobs. He worked for the Tallahassee Democrat when he covered the Ted Bundy murders in 1978. He later joined the Los Angeles Herald-Examiner. He has also worked for Governor Jerry Brown.  He was also a part of American Lawyer where he was one of their first reporters. He worked for Alan Dershowitz as a research assistant while he was studying law at Harvard. Although he was admitted to the New York Bar in 1995, he was suspended for failure to pay the registration fee in 2009.

Cramer, while still studying law used to invest in the stock market. He’d leave stock picks on his answering machine to promote his holdings. Martin Perez, the owner of The New Republic was impressed with him and gave him $500,000 to invest which Cramer in two years made it into $150,000 for Perez. He later joined Goldman Sachs’ Wealth Management as a stockbroker in 1984. In 1987, he later founded his own hedge fund Cramer & Co. During the same time, he was the editor at large of SmartMoney magazine. He co-founded TheStreet Inc in 1996 with Martin Perez, the editor, and owner of The New Republic. At present, he is the chairman of the board of TheStreet.com, Inc.

Cramer appeared on television on CNBC’s “Mad Money with Jim Cramer” in 2005. The show was aimed at teaching viewers how to analyze stocks and the market. He has also co-hosted other shows of CNBC like “Kudlow & Cramer” and “America Now”. He also hosted “Jim Cramer’s Real Money” until December 2006. He has made appearances on shows such as “NBC Nightly Watch”, “NBC’s Today”, “ESPN Classic’s Cheap Seats”, Live with Regis and Kelly” etc.

Cramer has written several books: “Jim Cramer’s Getting Back to Even”, Jim Cramer’s Get Rich Carefully”, “Mad Money: Watch TV, Get Rich”, “Stay Mad for Life: Get Rich, Stay Rich”, “Confessions of a Street Addict” and “Jim Cramer’s RealMoney”. Cramer is married to Lisa Detwiler who is a real estate broker. They married on April 18, 2015, in Brooklyn, New York. Cramer has two daughters (Cece and Emma Cramer) from his first marriage with Karen Backfisch-Olufsen. He lives in Summit, New Jersey.

Cover Photo Courtesy: Bankrate.com

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