# Jim Cramer Net Worth **URL:** \ **Category:** Biography\ **Created:** [April 19, 2021, 10:50pm UTC](https://howtodiscuss.com/t/jim-cramer-net-worth/39813 "2021-04-19T22:50:49Z")\ **Posts on this page:** 1\ **Showing post:** 12
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# Jim Cramer’s net worth ## $150 Million Jim Cramer’s net worth and salary are as follows: Jim Cramer has a net worth of $150 million USD and is an American television personality, best-selling book, and former hedge fund manager. He is most known for hosting CNBC’s “Mad Money” and for co-founding and serving as chairman of [TheStreet.com](http://TheStreet.com). Jim Cramer gets paid $5 million each year for his numerous responsibilities at CNBC. He also makes a lot of money off of book royalties and advances. From 1987 through 2001, Cramer was the [CEO of Cramer Berkowitz](https://www.encyclopedia.com/books/politics-and-business-magazines/cramer-berkowitz-co), a hedge fund. The fund had $450 million in assets under management at its height. It yielded a 24 percent annual return on average. Cramer told BusinessWeek in 2005 that his net worth was between $50 and $100 million. # Cramer’s net worth It was much larger at the height of the dotcom bubble, thanks to his 15% share in [TheStreet.com](http://TheStreet.com). [TheStreet.com](http://TheStreet.com) had a market cap of $1.7 billion when it went public in 1999. Cramer’s 15 percent ownership was worth $255 million at the time. After the dotcom bubble burst in 2005, that investment was valued roughly $15 million. # Early Life and Career Beginnings: James J. Cramer, better known as Jim Cramer, was born on February 10, 1955, to a Jewish family in Wyndmoor, Pennsylvania. His mother, Louise A. Cramer was an artist, and his father, Ken Cramer, ran International Packaging Products, which distributed wrapping paper and boxes to merchants and restaurants. # Cramer’s first job was selling **Coca-Cola and ice cream** at Veterans Stadium during Philadelphia Phillies baseball games in the early 1970s. He graduated from **Springfield Township High School** and went on to Harvard College to study government. In 1977, he received a Bachelor of Arts degree from Harvard, magna ■■■ laude. He was President and Editor-in-Chief of The Harvard Crimson during his time at Harvard, and he served as the publication’s President and Editor-in-Chief. Cramer got a position as an entry-level reporter at the Tallahassee Democrat in Tallahassee, Florida, after graduating from college. Because he just lived a few blocks away, he became one of the first people to cover the [Ted Bundy murders](https://en.wikipedia.org/wiki/Ted_Bundy) at the time. He went on to work for newspapers such as the Los Angeles Herald-Examiner and American Lawyer, as well as **California Governor Jerry Brown**. He eventually returned to Harvard to pursue a law degree. He invested in the stock market as a law student and utilised the money he earned from trading to pay for his tuition. Career- Cramer began his career as a stockbroker at Goldman Sachs after graduating from [Harvard Law School](https://hls.harvard.edu/) in 1984. He did not practise law after being accepted to the New York **State Bar Association** in 1985. Because he failed to pay the registration fee, his licence to practise law in New York was eventually suspended in 2009. Cramer left Goldman Sachs in 1987 to establish Cramer & Co., his own hedge fund (later to be known as Cramer, Berkowitz & Co.). He was able to raise $450 million in $5 million increments while earning a 20% fee on the profits he earned. Steve Brill, Eliot Spitzer, and Martin Peretz were among the first investors in his hedge firm. He left the hedge fund in 2001, and it was taken over by [Jeff Berkowitz](https://www.linkedin.com/in/jeff-berkowitz-5635897), a former partner. Cramer claims that between 1988 and 2000, he only had one year of negative returns, which occurred in 1998. He also claims to have generated a 24 percent average annual return over the course of 14 years. Some of his findings and claims, however, have been called into question. Cramer’s other efforts include [SmartMoney magazine](https://en.wikipedia.org/wiki/SmartMoney), where he served as “editor at large.” He was accused of unethical tactics during his time there when he achieved a $2 million personal gain by buying stocks just before an article with his recommendations was published. Cramer and Martin Peretz also co-founded [TheStreet.com](http://TheStreet.com), a financial news and financial literacy website, in 1996. TheMaven purchased the website for $16.5 million in 2019. Cramer was also frequently featured as a guest pundit on CNBC in the late 1990s. He eventually won his own show with Larry Kudlow, “[Kudlow & Cramer](https://en.wikipedia.org/wiki/Kudlow_%26_Cramer),” which aired from 2002 to 2005. He then went on to host the CNBC show “Mad Money with Jim Cramer,” which premiered in 2005. The show equips viewers with the knowledge and skills they need to become better investors. Cramer is required to disclose any positions he holds in equities that are featured on the show as part of the terms of his appearance on the show. For five days after each broadcast, he is also prohibited from trading in anything he has discussed or spoken about on the show. # Personal life of Jim Cramer: _From 1988 to 2009, Cramer was married to Karen Backfisch. They are the parents of two children. Lisa Cadette Detwiler, a real estate broker and general manager of the New York City restaurant The Longshoreman, is his second wife. They tied the knot in April of 2015. The DeBary Inn in Summit, New Jersey, which he bought with four other investors in 2009, and the Bar San Miguel, a restaurant and bar in Carroll Gardens, Brooklyn, which he owns with his wife, are two of his enterprises. He lives in Summit, New Jersey, and has private residential homes on Long Island’s Quogue, as well as a 65-acre estate in the New Jersey countryside._ # Real estate- Jim and Karen paid $2.375 million in 1999 for a 100-year-old mansion on 1.33 acres in Summit, New Jersey. Jim sold the house to Karen for $1 as part of their divorce settlement. Karen sold the residence for $3.675 million in April 2019. Jim paid $4.7 million for a property in Summit, New Jersey, in 2008. In addition, he has a 65-acre estate in New Jersey. | Date of Birth: | Feb 10, 1955 (66 years old) | | --- | --- | | Gender: | Male | | Height: | 5 ft 5 in (1.6764 m) | | Profession: | Journalist, Businessperson, Presenter, Lawyer, Commentator, Investor, Author, TV Personality, Actor | | Nationality: | United States of America | | Education | Harvard University (AB, JD) | | Mother’s name | Louise A | | Father’s name | N. Ken Cramer | ### Official links of jim cramer social media Click here to contact [Jim Cramer at Twitter](https://twitter.com/jimcramer) Click here to follow[Jim Cramer on Instagram](https://www.instagram.com/jimcramer/?hl=en) Here is [Jim Cramer’s LinkedIn profile](https://www.linkedin.com/in/jimcramerica) Get more Information about [Jim Cramer’s net worth on wikipedia](https://en.wikipedia.org/wiki/Jim_Cramer) --- _[View the full topic](https://howtodiscuss.com/t/jim-cramer-net-worth/39813)._