Jim Cramer is an American TV personality who has hosted CNBC’s ‘Mad Money’. He is a hedge fund manager and author. He has appeared in many television shows and is one of the founders of TheStreet, Inc. Cramer is also active in philanthropy and is Action Alerts PLUS’s founder. He is a law graduate and used to invest in the stock market. Here is a quick summary of Jim Cramer’s net worth in 2018, career and earnings.
James J. Cramer is the son of N. Ken and Louise A. Cramer. He was born in Pennsylvania, Philadelphia on 10 February 1955. As a child, Cramer was an ice cream seller during Philadelphia Phillies games.
He completed his schooling at Springfield Township High School and later earned his bachelor’s degree in government from Harvard College. In 1984, Cramer received his JD degree from Harvard Law School.
Jim Cramer’s first wife was Karen Backfisch. The couple had two daughters but got separated in 2009. He married Lisa Detwiler in April 2015. His current wife is a real estate broker, and his ex-wife used to work in a hedge fund company.
Cramer is the founder of his own trust known as “Action Alerts PLUS”. He was involved in a lawsuit with Fox News Channel which got settled in 2000. He was also involved in market manipulation and was in the U.S. Securities and Exchange Commission’s subpoena.
Jim Cramer did many entry-level jobs in the beginning. He then started writing for the Los Angeles Herald Examiner. Following that, he started working for Jerry Brown and has also worked under Alan Dershowitz. He was employed with the American Lawyer as a reporter. By failing to pay the registration fee, his license as a lawyer was canceled from 1985 to 2009.
He has been investing in stock markets right from his student days at the law school. He received $500,000 from Martin Peretz, and in two years he gave him a profit of $150,000. In 1984, Cramer worked as a stockbroker for the Private Wealth Management of Goldman Sachs.
Cramer later formed Cramer & Co. which is a hedge fund. He was associated with the fun from 1988 to 2000. Together with Peretz, he formed TheStreet, Inc. in 1996. He presently serves as the market commentator as well as advisor of the company.
In 2005, Cramer hosted CNBC’s ‘Mad Money with Jim Cramer’. He was also the host of ‘Kudlow & Cramer’ and ‘America Now’. He was the host of the radio show called ‘Jim Cramer’s Real Money’ and was the guest host of ‘Imus in the Morning.’
He has also made appearances in several TV shows including ‘Arrested Development’ and ‘The Martha Stewart Show’. His film roles include ‘Wall Street: Money Never Sleeps’ and ‘Iron Man’.
Awards & Achievements
James Cramer has not won an award, but he is still active in his career and continues to be a successful person. He has successfully formed TheStreet.com and Action Alerts PLUS.
Net Worth of Jim Cramer
The estimated net worth of Jim Cramer is more than $110 million. The accumulation of this wealth is from his career as a successful television host. He has also formed his own company and was also on the board. He has been available both in radio and television and has also acted in films. As an author, Jim Cramer has written many books including ‘Jim Cramer’s Getting Back to Even ‘, ‘Jim Cramer’s Get Rich Carefully’, and ‘Confessions of a Street Addict’.
Jim Cramer is one of the most renowned television personalities in the world. From writing best-selling novels to hosting television shows, he has got a number of supporters across the world. He is also the founder of ‘Cramer Berkowitz’, a hedge fund. Jim Cramer has also written articles and has worked for politicians.