Jamie Dimon is a well-known business executive from America who is best known to be the chief executive officer, president, and chairman of JPMorgan Chase. He is one of the few chief executives of a bank who became a billionaire. JPMorgan Chase is the largest big four banks in America. Let’s find out how much is Jamie Dimon’s net worth in 2018.
James Dimon was born on March 13, 1956, in New York City, New York to his parents Themis Dimon and Theodore Dimon. Both his parents were Greek immigrants.
During his youth, he went to the Browning School and had majored in economics and psychology from the Tufts University. In 1982, he earned his Master of Business Administration from Harvard Business School. When still at Harvard, he used to work at Goldman Sachs.
In 1983, Jamie Dimon got married to Judith Kent. The couple has three daughters named Kara Leigh, Laura, and Julia.
In 2014, he was diagnosed with throat cancer. He received chemotherapy and radiation for eight weeks until September 2014. He is a donor to the Democratic Party. It was reported that he misled regulators and investors in the ‘2012 JPMorgan Chase trading loss’.
Jamie Dimon’s father was employed in the American Express. He too joined American Express and continued with his father. In 1985, both the father and son left American Express. Following that, they took over a consumer finance company, Commercial Credit from Control Data. Dimon became the chief financial officer of the company, and in 1998, he left Citigroup.
In March 2000, he was appointed as the chief executive officer of Bank One. It was the fifth largest bank in the United States. In 2004, Bank One was bought by JPMorgan Chase, and Dimon went on to become the chief operating officer and president of the newly formed combined company.
In December 2005, Dimon became JPMorgan Chase’s chief executive officer. A year later, he became the chairman of the board. Under his leadership, JPMorgan Chase became a leading bank in the United States. It also became the #1 credit card provider in the USA.
In 2011 and 2012, Jamie Dimon was the chairman of the executive committee for The Business Council. He faced a problem in 2012 when there was a loss of $6 billion in the “London Whale”. It resulted in the pay cut of Dimon.
Awards & Achievements
Janie Dimon has been known as one of the most powerful people in finance. In 2009, an advisory agency called Brendan Wood International named Jamie Dimon as one of “The Top Gun CEOs”. He has appeared four times in the list of the world’s 100 most influential people by Time magazine. From 2008 to 2011, he appeared in the lists of best CEOs in the All-America Executive Team by Institutional Investor.
Net Worth of Jamie Dimon
Jamie Dimon has an estimated net worth of more than $1.1 billion. In 2011, his salary was $23 million, making him the highest-paid CEO in any bank of the United States. In 2013, he received $20 million as the compensation for the work. His earning in 2016 was $28.2 million. He is a third generation stockbroker who found considerable success by joining Bank One. Dimon has a stake of $485 million in JPMorgan Chase.
Jamie Dimon is considered one of the most popular business executives in the world. Following the merger of Bank One with JPMorgan Chase, he climbed up to the rank of a chairman in JPMorgan Chase. His popularity made him a character of the 2011 film ‘Too Big to Fail’ where his role was portrayed by Bill Pullman.