Biography of Jim Cramer
Jim Cramer is a renowned American television personality and host of Mad Money on CNBC, featuring lively interviews, viewer calls, and most importantly, the unparalleled and ardent opinions of Jim himself. He acts as the viewer’s personal guide through the confusing jungle of Wall Street investing, traversing opportunities and pitfalls with one goal in mind, to help them make money.
He has also worked as a fund manager as well as the author and co-founder of TheStreet.com. Cramer is also a co-anchor of CNBC’s “Squawk on the Street” 9am-11am show and founder of TheStreet, a multimedia financial commentary provider.
Crammer participated Springfield Township High School in Montgomery County, Pennsylvania. Later Cramer joined Harvard University, where he graduated in government in 1977, graduating Magma Cum Laude. In addition, in 1984, Jim obtained a Juris Doctor degree from Harvard Law School.
Jim Cramer’s Age
How old is Jim Cramer? Cramer It is 67 years from 2022. He he was born about February 10, 1955, in Wyndmoor, Pennsylvania, United States of America. Furthermore, he celebrates his birthday about February, 10thevery year.
Jim Cramer family
Cramer was born to his Jewish parents N. Ken Cramer and Luisa A. Cramer. His father owned International Packaging Products, a Philadelphia-based company. The company sold wrapping paper, bags and boxes to retailers and restaurants. Furthermore, her mother was an artist. However, details about him having siblings are not available at this time.
Jim Cramer’s Wife
Previously, Jim married Karen Backfischfrom 1988-2009. They have 2 children. However, in April 18, 2015Cramer went ahead and got married Lisa Cadette Detwiler, realtor and general manager of The Longshoreman, an Italian bistro/restaurant in the Brooklyn borough of New York.
Crammer lives in Summit, New Jersey. He also owns a 65-acre estate in upstate New Jersey, as well as a summer home in Quogue.New York on Long Island.
Additionally, in 2009, Jim and four other investors purchased the DeBary Inn in Summit, New Jersey. Additionally, Cramer and his wife own Bar San Miguel, a restaurant and bar serving Mexican cuisine, in Carroll Gardens, Brooklyn.
Jim Crammer’s Career
Crammer started his first job in 1971, he sold Coke and ice cream at Veterans Stadium during Philadelphia Phillies games. He started studying stocks in fourth grade and continued the habit through high school.
After college, Jim worked as a budding reporter, earning $15,000 a year. On March 1, 1978, he worked for the Tallahassee Democrat in Tallahassee, Florida. He was one of the first people to cover the Ted Bundy murders since he lived nearby. Richard Oppel, the then executive editor, said that “Cramer was like a battering ram. He was great at understanding the story.”
He later served for the Los Angeles Herald-Examiner writing obituaries. Unfortunately, during this time, his apartment was robbed and he lost everything, forcing him to live out of his car for 9 months. Furthermore, Crammer worked for California Governor Jerry Brown. He was one of the first American Lawyer reporters.
Crammer received a Juris Doctor degree from Harvard Law School in 1984. Additionally, he began investing in the stock market while attending law school. He earned enough to pay tuition. Furthermore, he started promoting his holdings by leaving stock picks on his answering machine. While at Harvard University, alumnus Michael Kinsley introduced him to The New Republic owner Martin Peretz, who contacted Jim to write a review of the book.
After initially profiting from the stock picks he heard on Jim’s answering machine, Peretz gave Cramer $500,000 to invest. In two years, Jim generated $150,000 for Martin. During his time at Harvard Law School, he also worked as a research assistant for Alan Dershowitz. Additionally, he aided Dershowitz’s campaign to fire the alleged assassin Claus von Bülow, despite the fact that Jim believed von Bülow was guilty.
Goldman Sachs
In 1984, Crammer was a stockbroker at Goldman Sachs, working in sales and trading. Also, in 1985, he was admitted to the New York State Bar, which he did not practice. On April 2, 2009, his license to practice law was suspended for failure to pay the registration fee.
hedge fund
Cramer left Goldman Sachs in 1987 and started a hedge fund, Cramer & Co. (later Cramer, Berkowitz & Co.). The fund was left without Michael Steinhardt’s offices. Early investors included friend and classmate Eliot Spitzer, Martin Peretz and Steve Brill. Jim raised $450 million in $5 million increments and received a fee of 20% of the profits he made.
Jim claims to have sold all of his stock on the Friday before Black Monday 1987. From 1988 to 2000, Jim claims to have had only one year of negative returns in 1998, the year the S&P 500 index rose 29%. Underperformance in 1998 led to significant investor withdrawals. In addition, in 1999, the fund returned 47% and in 2000, it returned 28%, outperforming the S&P 500 index by 38%. Jim also claims to have produced an average annual return of 24% over 14 years and “routinely [taken] home $10 million a year and more,” although his results have been disputed.
Furthermore, Cramer retired in 2001 from hedge fund management. His ex-partner, Jeff Berkowitz, took over.
smart money
Jim was also the general editor of SmartMoney magazine. However, he was accused of unethical practices after making a personal gain of $2 million after buying stock shortly before publishing his recommendation article.
The Street.com
Jim and Peretz launched TheStreet.com in 1996, a financial news and literacy website. He remains the company’s most notable commentator, he also provides transaction information for his Action Alerts PLUS portfolio, a charity fund, for paid subscribers to the site.
Cramer hosted an hour-long radio show, Jim Cramer’s Real Money, until December 2006, which spawned Mad Money.
Additionally, Crammer appeared as himself in two episodes of Arrested Development. He said he upgraded Bluth Company stock to a “Don’t Buy” from a “Triple Sell” and that the stock was no longer a “Don’t Buy” but a “Risk”.
He has also appeared on Today, NBC Nightly News, Cheap Seats, Live with Regis and Kelly, Late Show with David Letterman, Late Night with Conan O’Brien, The Tonight Show with Jay Leno, Jimmy Kimmel Live! , and he was interviewed by Jon Stewart on The Daily Show in March 2009.
Furthermore, Jim appeared in the 2008 film Iron Man, parodying Stark Industries on their show Mad Money, also, he appeared in the movie Wall Street: Money Never Sleeps. Jim also claims to have consulted the original Wall Street film, telling the filmmakers how it will get to Gordon Gekko.
Crazy Money Jim Cramer CNBC
Cramer believes there is always a bull market somewhere and wants to help you find it. He is the host of CNBC’s Mad Money, (MF, 18:00 ET), where he features live guest interviews, viewer calls, and most importantly, Cramer’s own unparalleled and fiery opinions.
In addition, Cramer also serves as the viewer’s personal guide through the confusing jungle of Wall Street investing, where he navigates opportunities and pitfalls with one goal in mind, to help them make money.
Jim Cramer Salary
Cramer earns a salary of $5 million per yearfrom his various jobs at CNBC.
Jim Cramer Net Worth
Crammer have an estimate net worth of $100 million. Her income is mainly attributed to her successful career as a reality TV personality.