Jim Cramer’s Financial Profile 2024: Net Worth, CNBC Salary, and Investment Performance
Jim Cramer is a larger-than-life figure in the world of finance and investing. Known for his energetic and often theatrical style, Cramer has made a name for himself as the host of CNBC’s “Mad Money” and a savvy investor with decades of experience on Wall Street.
Love or hate him; there’s no denying Cramer’s impact on popular investing culture and his ability to break down complex financial topics for everyday viewers. In this post, we’ll explore this controversial and influential figure’s life and career in depth.
Who is Jim Cramer?
James J. Cramer was born on February 10, 1955, in Wyndmoor, Pennsylvania. From an early age, Cramer was interested in finance and investing, reportedly buying his first stock at 13. His passion for the markets would shape his entire career and eventually lead him to become one of the most recognizable faces in financial media.
Cramer is a Harvard graduate. He earned his bachelor’s degree in government before getting his law degree from Harvard Law School. However, his true calling wasn’t in the courtroom but on the trading floor.
After a brief stint as a journalist, Cramer dove headfirst into finance, working as a stockbroker for Goldman Sachs before starting his hedge fund, Cramer & Co., in 1987.
| Attribute | Details |
|---|---|
| Full Name | James J. Cramer |
| Date of Birth | February 10, 1955 |
| Age (2024) | 69 years old |
| Birthplace | Wyndmoor, Pennsylvania, USA |
| Height | 5 feet 5 inches (165 cm) |
| Marital Status | Married to Lisa Cadette Detwiler (since 2015) |
| Children | 2 (from previous marriage) |
Personal Life and Relationships
Success and challenges have marked Cramer’s personal life. He married Karen Backfisch from 1988 to 2009, and the couple had two children together. In 2015, Cramer married Lisa Cadette Detwiler, a real estate broker and restaurant manager.
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Despite his larger-than-life TV persona, Cramer has been open about his struggles with mental health, particularly related to anger management. He’s credited his second wife, Lisa, with helping him find balance and perspective.
Cramer currently splits his time between a home in Summit, New Jersey, and a 65-acre estate in the New Jersey countryside. He also enjoys spending time at his summer house in Quogue, New York, on Long Island.
Professional Career
Cramer’s career has been remarkable, spanning multiple industries and roles. Here’s a quick rundown of his professional journey:
- Journalist: After college, Cramer was a reporter for publications such as the Tallahassee Democrat and the Los Angeles Herald-Examiner.
- Stockbroker: Cramer cut his teeth on Wall Street as a broker for Goldman Sachs.
- Hedge Fund Manager: In 1987, Cramer founded his hedge fund, Cramer & Co. (later Cramer, Berkowitz & Co.). He ran the fund until 2001, claiming an average annual return of 24% over 14 years.
- Financial Writer: Cramer co-founded TheStreet.com in 1996, a financial news and education website. He’s also written several books on investing.
- TV Personality: Cramer’s television career took off in the early 2000s. He co-hosted “Kudlow & Cramer” on CNBC from 2002 to 2005 before launching his “Mad Money” show in 2005.
Throughout his career, Cramer has been known for his bold predictions and sometimes controversial statements. While he’s had his share of hits and misses, his ability to captivate an audience and spark discussions about the markets is undeniable.
Age and Physique
As of 2024, Jim Cramer is 69 years old. Despite his age, Cramer maintains an energetic presence on television, often gesticulating wildly and shouting his stock picks. While not known for his athletic prowess, Cramer’s animated style on “Mad Money” certainly keeps him active.
Standing around 5’5″ (165 cm), Cramer may not be the tallest figure on Wall Street, but his larger-than-life personality makes up for it. His trademark bald head and goatee have become instantly recognizable to fans of financial television.
Net Worth and Salary
Jim Cramer’s net worth is estimated at around $150 million as of 2024. This impressive fortune comes from various sources:
- CNBC Salary: Cramer reportedly earns about $5 million per year for hosting “Mad Money.”
- Book Royalties: His numerous bestselling books continue to generate income.
- Website Sale: The sale of TheStreet.com in 2019 for $16.5 million added to his wealth.
- Speaking Fees: Cramer commands high fees for speaking engagements and appearances.
- Investments: While the specifics of his portfolio are private, it’s safe to assume Cramer has significant personal investments.
| Attribute | Details |
|---|---|
| Estimated Net Worth (2024) | Approximately $150 million |
| CNBC Salary | Roughly $5 million per year |
| Book Royalties | Earns income from bestselling books |
| TheStreet.com Sale | Sold for $16.5 million in 2019 |
| Speaking Fees | Commands high fees for speaking engagements |
| Investments | Personal portfolio not publicly disclosed |
Company Details and Investments
While Cramer no longer runs his hedge fund, he remains active in the business world:
- TheStreet.com: Cramer co-founded this financial news website in 1996. While it was sold in 2019, it played a significant role in establishing its brand.
- Action Alerts PLUS: This is Cramer’s subscription-based investment advisory service.
- Restaurant Ownership: Cramer and his wife own Bar San Miguel, a Mexican restaurant in Brooklyn, New York.
- Real Estate: In addition to his personal properties, Cramer has invested in real estate, including purchasing the DeBary Inn in Summit, New Jersey, in 2009.
NFT – not for tech pic.twitter.com/jH8KLSvepZ
— Jim Cramer (@jimcramer) September 16, 2024
Investment and Funding
Cramer’s investment style is often aggressive and focused on growth stocks. He’s known for advocating active trading rather than a buy-and-hold strategy. While he doesn’t publicly disclose his portfolio, Cramer often discusses his investment ideas on “Mad Money” and through his Action Alerts PLUS service.
It’s worth noting that Cramer’s investment advice has sometimes been controversial. Critics have pointed out instances where his recommendations didn’t pan out, particularly during the 2008 financial crisis. However, Cramer has also had his share of successful calls, and his overall track record remains a subject of debate among investors and analysts.
Contact Details and Social Network Handles
While Cramer values his privacy, he maintains an active presence on social media:
| Platform | Handle/Details |
|---|---|
| @jimcramer | |
| @jimcramer | |
| Jim Cramer |
Fans can also interact with Cramer through his show “Mad Money” on CNBC, which airs weeknights at 6 pm ET. The show features a segment where viewers can ask about stocks and investing.
Cramer can be contacted through CNBC or his talent agency for business inquiries.
Conclusion
Jim Cramer’s journey from a small-town kid passionate about stocks to one of the most recognized faces in financial media is genuinely remarkable.
While his bombastic style and bold predictions have earned him both devoted fans and fierce critics, there’s no denying Cramer’s impact on Americans’ thinking about and engaging with the stock market.
Whether you see him as a financial guru or a TV personality, Jim Cramer’s story is a testament to the power of passion, hard work, and a willingness to take risks.
As he continues to entertain and educate viewers on “Mad Money,” Cramer’s influence on popular investing culture shows no signs of waning. Love him or hate him, the “Mad Money” man remains a fixture in the world of finance, helping to demystify the stock market for millions of viewers one “Booyah!” at a time.