Jim Cramer’s net worth is $100 million, and he is a former hedge fund manager, TV host, and personality of CNBC’s “Mad Money.” He is also the co-founder and chair of TheStreet. Com, Inc. Jim Cramer had creative parents. His mother was an artist, and his father was an entrepreneur who owned a company that sold wrapping paper, boxes, and bags.
Early Life
Cramer attended Harvard University, earning a bachelor’s degree in government in 1977, graduating magna cuim laude, and his Juris Doctor degree at Harvard Law School in 1984. As a successful reporter in Tallahassee, Florida, Cramer covered the Ted Bundy murders.
Cramer ran a hedge fund from 1987 to 2000 and had only one year of negative returns. On February 10, 1955, Jim Cramer was born in Wyndmoor, Pennsylvania, a suburb close to Philadelphia.2 His parents were hardworking and creative individuals.
His mother was an artist, and his father was an entrepreneur who owned a company that sold wrapping paper, boxes, and bags to retailers. Cramer sold ice cream at Veterans Stadium during local Phillies games as a young man. In 1978, Cramer began working as a reporter.
He covered the Ted Bundy murders in Tallahassee, Florida, where he worked for a Democrat and the Los Angeles Herald Examiner. Cramer was robbed many times in Florida and was even forced to live in his car.
| Name | Jim Cramer | |
| Age | 30 | |
| Born In | 1990 | |
| Net worth | $100 millions | |
| Current Status | Married |
Cramer attended Harvard University, earning a bachelor’s degree in government in 1977, graduating magna cuim laude.4 His journalism experience began in college when he became the President and Editor-Chief of the Harvard Crimson.
Summary
He continued with his education at Harvard Law School, where he earned his Juris Doctor degree in 1984. While in law school, Cramer began investing in the stock market and even promoted his stock picks. His track record of * successful stock picks landed him a stockbroker with Goldman Sachs.
Success Story
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In 1987, Jim Cramer took his knowledge of the stock market and started his own hedge fund company, Cramer & Co. Cramer ran his fund from 1987 to 2000 and had only one year of negative returns. He eventually retired from his hedge fund in 2001, posting an overall annual average return of 24% from 1987 to 2001 and yielding an average of over $10 million per year over the entire 14-year period.
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While still at his hedge fund, in 1996, Cramer co-founded TheStreet. com, a website that provides commentary and advice on the stock market. Cramer is the second-largest shareholder of the company, and, at one point, the company reached a market cap of $1.7 billion. As of August 2019, however, Maven acquired TheStreet.
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In 2005, Jim Cramer signed on to be the CNBC show “Mad Money,” for which he is most well-known.2 The show’s goal is to teach its viewers how to think like professional investors and not to tell people what to think. The show’s popularity has risen consistently over the past 10 years, making it one of the most popular investment shows on CNBC.
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Cramer’s success on “Mad Money” has allowed him to host and appear as a guest on multiple investment shows across multiple broadcasting companies. In addition, Cramer has been a guest on prominent shows unrelated to investment finance, such as “Arrested Development,” “The Tonight Show,” and “The Daily Show.”
The market cap and cash flow from his ownership of TheStreet.com have boosted his net worth, as has his notoriety and success as the host of “Mad Money.” “Mad Money” has maintained Cramer’s strong influence within investment finance.
Net Worth and Current Influence
Jim Cramer has a total estimated net worth of $100 million, according to Money, Inc. The bulk of his net worth came from his success as a hedge fund manager, but his success did not stop there. Using his experience as a hedge fund manager, Cramer increased his net worth through a diversified strategy of multiple income streams.
Cramer once said, “I’ve lost tremendous amounts of money in various markets, and I think that that’s something that makes you better at my job, not worse.” The quote is a perfect example of the type of person Cramer has become through his experience as a hedge fund manager and as an on-air investment adviser.
If an investor is in the game long enough, they are bound to lose money. But what the investor does with that learning makes them a success or failure. “I will stand up for what I believe and for what I have always believed,” Cramer also said. “Every person has a right to be rich in this country, and I want to help them get there.”
This embodies Cramer’s mentality when he provides advice on his show “Mad Money”.Jim Cramer, a former hedge fund manager and present host of Mad Money on news platform CNBC, is one of the most well-known finance personalities on television.
His stock picks have consistently outperformed the wider market over the past few years, mostly because he is a big believer in technology stocks that have witnessed explosive growth over this period. Cramer has worked at investment bank Goldman Sachs, founded a hedge fund named Cramer Levy Partners, and is the founding member of one of the premier finance websites in the world.
Some of the stocks that Cramer has backed over the past few months include Coinbase Global, Inc. Chipotle Mexican Grill, Inc. and Cisco Systems, Inc. among others. These are discussed in detail below. Cramer has a net worth of over $150 million and regularly contributes to TheStreet, the finance publication he co-founded in 1996.
He is the author of three books on investment strategies, including getting Rich Carefully, published in 2013. The success of Cramer is an exception in the world of big finance that has not posted incredible numbers in recent years.
The entire hedge fund industry feels the repercussions of the changing financial landscape. Its reputation has been tarnished in the last decade, during which its hedged returns couldn’t keep up with the unhedged returns of the market indices.
On the other hand, Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 124 percentage points since March 2017. Between March 2017 and February 26, 2021, our monthly newsletter’s stock picks returned 197.2%, vs. 72.4% for the SPY.
Our stock picks outperformed the market by more than 124 percentage points (see the details here). We were also able to identify a select group of hedge fund holdings that significantly underperformed the market in advance.
We have been tracking and sharing the list of these stocks since February 2017, and they lost 13% through November 16. That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to. You can subscribe to our free newsletter on our homepage to receive our stories in your inbox.
With this context in mind, here is our list of the 15 best Jim Cramer stocks to buy now. These were ranked keeping in mind the timing of the mention by Cramer, hedge fund sentiment, and basic business fundamentals of each. The list was also compiled using Mad Money’s videos to the CNBC website and streaming platform YouTube.
James Joseph Cramer, better known as Jim Cramer, is an American television personality and host of the popular show on CNBC called Mad Money. He is a retired hedge fund manager as well. As of 2021, Jim Cramer’s net worth is around $150 million.
Cramer was born on February 10, 1955, in Wyndmoor, Pennsylvania. He studied at Springfield Township High School. He began to study stocks when he was just in his fourth grade. He then went to Harvard College, where he graduated with a Bachelors’s degree in Art in government in 1977. During his time there, he was the President and Editor of The Harvard Crimson.
He started to work as a reporter initially. Then he started to work for Tallahassee Democrat and would later work for the Los Angeles Herald Examiner. He also faced a horrific incident when he was robbed and had to live in his car for 9 months. Cramer then worked as a reporter for American Lawyer and worked for Jerry Brown, the Governor of California.
After working for several years, Cramer decided to get his JD from Harvard Law School in 1984. At this time, he was investing and trading in the stock market. He made enough money from the stock market to cover this tuition frees. He also started to invest and trade money for others at this time.
Jim Cramer is an American television personality best known for being the current host of the finance television program, Mad Money, which is aired on CNBC. Cramer is also a co-anchor of CNBC’s Squawk on the Street.
Before joining television, Jim Cramer enjoyed a highly successful career in business and finance. He’s a former hedge fund manager of his own hedge fund company known as Cramer, Berkowitz & Co. On February 10, 1955, Jim Cramer was born in Wyndmoor, Pennsylvania, to N. Ken Cramer and Louise A. Cramer.
His father was an entrepreneur who owned International Packaging Products. This Philadelphia-based company sold wrapping paper, bags, and boxes to local retailers and restaurants, whereas his mother was an artist.
Cramer attended Springfield Township High School, located in Montgomery County, Pennsylvania. In 1977, he graduated with a Bachelor of Arts in government from Harvard College. During his days in Harvard College, Jim Cramer worked as the President and Editor-in-Chief of the institution’s daily student newspaper, The Harvard Crimson. In 1984, Cramer earned a Juris Doctor degree from Harvard Law School.
Career
Jim Cramer worked his first job in the early 70s. His earliest jobs included selling Coca-Cola drinks and ice cream during Philadelphia Phillies games at Veterans Stadium. Cramer developed an interest in stocks while in fourth grade. He continued studying stocks through his high school and college years.
He eventually started investing in the stock market while attending Harvard Law School and paid for his tuition using the profits made from trading. Cramer was hired to write a book review for The New Republic owner Martin Peretz during the same period.
Having been impressed with his stock trading skills, Peretz offered Cramer $500,000 to invest. In two years, the investment earned Peretz a cool $150,000. After graduating from college, Jim Cramer landed his first professional job as an entry-level reporter, earning $15,000 annually.
He also worked for the Tallahassee-based daily broadsheet newspaper, Tallahassee Democrat, from March 1978 and was one of the first people to cover the infamous Ted Bundy murders. Cramer subsequently worked as an obituaries writer for the Los Angeles Herald-Examiner and the monthly legal magazine American Lawyer.
In 1984, Jim Cramer began working as a stockbroker at Goldman Sachs. Cramer left Goldman Sachs in 1987 and founded his hedge fund called Cramer & Co. He later changed the company’s name to Cramer, Berkowitz & Co. In 2001, Cramer retired from his role as Cramer, Berkowitz & Co.'s manager, and his former partner Jeff Berkowitz took over the company.
In 1996, Cramer collaborated with Peretz to found TheStreet.com, a piece of financial news and literacy website. In August 2019, TheStreet.com was acquired by TheMaven for $16.5 million. However, Cramer retained his role as the company’s commentator.
In 2002, Cramer joined CNBC as a co-host of Kudlow & Cramer (previously known as America Now). He co-hosted the show, alongside Larry Kudlow, until 2005. On March 14, 2005, Cramer began hosting Mad Money on CNBC. The show aims at empowering do-it-yourself investors with the knowledge and tools they need to excel in their trade.
In July 2011, Cramer joined Squawk on the Street, also aired on the CNBC network. He remains the show’s co-host to date. Besides being a regular figure on CNBC, Jim Cramer has appeared in numerous other television shows, including 60 Minutes, The Tonight Show with Jay Leno, Live with Regis and Kelly, Arrested Development, Late Show with David Letterman, The Apprentice, etc.
Some of his notable books include:
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Confessions of a Street Addict (2002)
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You Got Screwed! Why Wall Street Tanked and How You Can Prosper (2002)
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Jim Cramer’s Real Money: Sane Investing in an Insane World (2005)
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Jim Cramer’s Mad Money: Watch TV, Get Rich (2006)
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Jim Cramer’s Stay Mad for Life: Get Rich, Stay Rich (Make Your Kids Even Richer) (2007)
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Jim Cramer’s Getting Back to Even (2009)
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Jim Cramer’s Get Rich Carefully (2013)
Jim Cramer has been working nearly his entire life. Therefore, it’s only logical to place his net worth in hundreds of millions. As of May 1, 2021, Cramer had a net worth of $150 million. Most of his wealth comes from his success as an investor and hedge fund manager, particularly from his hedge fund – Cramer, Berkowitz & Co.
During its peak, the hedge fund managed assets to the tune of $450 million. A significant portion of Jim Cramer’s wealth is also attributed to his television career. Cramer reportedly earns $5 million annually for his various hosting roles on CNBC.
Book royalties and advances have also contributed to Cramer’s overall net worth. Jim Cramer got involved in stocks while in fourth grade. He continued studying stocks through his high school years. By the time he was in law school, Cramer was already earning thousands from stock trading.
Cramer has been working his entire life virtually. He sold ice cream and Coca-Cola at Veterans Stadium during the Philadelphia Phillies games in the early 70s. After graduating from college, he worked for numerous organizations before founding his hedge fun.
Besides being a successful investor and television host, Jim Cramer is a renowned socio-political commentator. He’s noted for his criticism of various government policies. Jim Cramer is an American television host and former hedge fund manager who has a net worth of $150 million.
Cramer is noted for his financial expertise and business acumen. He is also an acclaimed author, with numerous bestselling publications to his name. Early in the 1970s, Cramer sold Coca-Cola and ice cream at Veterans Stadium that used to host the Philadelphia Phillies baseball games.
He went to Springfield Township High School and later completed his Bachelor of Arts degree from Harvard College. During his time at Harvard, he served as the President and Editor-in-Chief of The Harvard Crimson, a premier publication.
In the follow-up to his graduation from college, Cramer started as an entry-level reporter at the Tallahassee Democrat publication in Florida. He became one of the first people to cover the Ted Bundy murders as he lived only a few blocks away.
Professional Career
Despite being admitted to the New York State Bar Association in 1985, Cramer did not practice law. Subsequently, his license to practice law in New York was suspended in 2009 because he failed to pay the registration fee.
Later on, he worked at publications such as Los Angeles Herald-Examiner and an American lawyer. He even had a stint where he worked for the Governor of California, Jerry Brown. Subsequently, he went back to Harvard to attend law school.
While still a student, he invested in the stock market and used the money he made there to cover his tuition costs. Jim Cramer is an American television personality, a former hedge fund manager, and a best-selling author.
The net worth of Jim Cramer is $150 million. He is the co-founder and chairman of TheStreet. com and is best known for being the host of CNBC’s “Mad Money.” Jim earns an annual salary of $ 5 million for his various roles at CNBC. He also earns substantially from book royalties and advances.
From 1987 to 2001, Cramer ran the hedge fund, Cramer Berkowitz. The fund had an estimated $ 450 million in assets under management. It generated an average annual return of 24%. Around the year 2005, Cramer had a net worth of $50-$100 million.
Thanks largely to his 15% stake in TheStreet. com, Cramer’s net was significantly higher at the height of the dot-com bubble. When it went public in 1999, TheStreet. com had a market cap of $1.7 billion. At that point, Cramer’s 15% stake was worth $255 million. Post the dot-com crash in 2005; the stake was worth around $15 million.
Frequently asked questions
Here is some frequently asked questions related to the article Jim Cramer net worth
What is Cramer’s salary?
Cramer claims to have produced a 24% average annual return over 14 years and “routinely home $10 million a year and more.” However, his results have been disputed.
Has Mad Money been Cancelled?
On July 31, 2017, Early Today began to first record at 3:00 a.m. ET, and without any room on the schedule, the NBC version of Mad Money was discontinued on this date.
Is Jim Cramer’s Mad Money still on TV?
Jim Cramer runs the CNBC Investing Club and hosts CNBC’s “Mad Money” at 6 p.m. ET. Cramer is also a co-anchor of the 9 a.m. ET hour of CNBC’s “Squawk on the Street.”
How much does David Faber make?
David Faber is famous for being a financial journalist, market news analyst, and host of CNBC’s Squawk on the Street. His annual salary at CNBC is $4 million; David H. Faber was born in Medford, Massachusetts, in March 1964.
What stocks made Warren Buffett rich?
The top five investments in Buffett’s holding company, Berkshire Hathaway, are Apple, Bank of America, Coca-Cola, American Express, and Kraft Heinz. Apple is Berkshire Hathaway’s largest portfolio holding, comprising 49.1% of the portfolio.
Conclusion
Before we start to Net Worth Of Jim Cramer, his fame and career let us know briefly about his past. James Cramer was born to a Jewish family in Wyndmoor, a suburb of Philadelphia-Pennsylvania, on February 10, 1955. His mother was an artist, and his father was the owner of International Packaging Products, which sold things like wrapping paper and boxes to retailers and restaurants.