Jim Cramer, born on February 10, 1955, is an American TV personality, author, and former hedge fund manager. He hosts Mad Money on CNBC and is an anchor on Squawk on the Street.
After graduating from Harvard College and Harvard Law School, he worked at Goldman Sachs and later became a hedge fund manager. He co-founded TheStreet and wrote for it from 1996 to 2021. Cramer also hosted Kudlow & Cramer from 2002 to 2005. Mad Money with Jim Cramer started airing on CNBC in 2005.
He has authored books like Confessions of a Street Addict (2002), Jim Cramer’s Real Money: Sane Investing in an Insane World (2005), Jim Cramer’s Mad Money: Watch TV, Get Rich (2006), and Jim Cramer’s Get Rich Carefully (2013).
Recently, his net worth has been a topic of interest among fans. They want to know how much he earned in his life. In this post, you will get all the information related to his earnings.
What is Jim Cramer Net Worth?
As of 2023, Jim Cramer is estimated to be around $150 million. He stays busy hosting “Jim Cramer’s Mad Money” and gets paid $5 million every year for it.
In 1999, Jim and Karen bought an old house in Summit, New Jersey, for $2.375 million. When they got divorced, Jim sold the house to Karen for just $1. Karen later sold the same house in April 2019 for $3.675 million.
In 2008, Jim bought another home in Summit, New Jersey, for $4.7 million. He also owns a big estate covering 65 acres in a different part of New Jersey.
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How Much Does Jim Cramer Make in His Career?
After finishing law school at Harvard in 1984, Jim Cramer got a job at Goldman Sachs as a stockbroker. Even though he became a member of the New York State Bar in 1985, he never practiced law, and his license was suspended in 2009 for not renewing it.
Starting in 1987, Cramer left Goldman Sachs to create his hedge fund, Cramer & Co. (later known as Cramer, Berkowitz & Co.). He attracted $450 million in funding and earned a 20% fee from the profits.
Early investors included Steve Brill, Eliot Spitzer, and Martin Peretz. He retired from managing the hedge fund in 2001, and his partner Jeff Berkowitz took over. Cramer claimed positive returns almost every year, but some dispute his results.
Cramer also worked on SmartMoney magazine and faced criticism for making a $2 million personal gain by buying stocks before an article with his recommendations was published.
In 1996, he and Martin Peretz started the financial news website TheStreet.com, which was later sold in 2019 to TheMaven for $16.5 million. During the late 1990s, Cramer became a frequent guest on CNBC.
He co-hosted “Kudlow & Cramer” from 2002 to 2005 and then started his show, “Mad Money with Jim Cramer,” in 2005 on CNBC. The show aims to empower viewers with tools and knowledge for better investing.
Cramer must disclose the stock positions he discusses on the show and is restricted from trading those stocks for five days after each broadcast. The inspiration for “Mad Money” came from Cramer’s earlier one-hour radio show, “Jim Cramer’s Real Money,” which ended in December 2006.
What Are Some of the Books Authored by Cramer?
Cramer has authored and released multiple books, such as “Confessions of a Street Addict” (2002), “You Got Screwed! Why Wall Street Tanked and How You Can Prosper” (2002), “Jim Cramer’s Real Money: Sane Investing in an Insane World” (2005), “Jim Cramer’s Stay Mad for Life: Get Rich, Stay Rich (Make Your Kids Even Richer)” (2007), “Jim Cramer’s Getting Back to Even” (2009), and “Jim Cramer’s Get Rich Carefully” (2013).
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