Jim Cramer Biography
Jim Cramer is an American television personality and the host of CNBC’s Mad Money. He is an author and co-founder of TheStreet.com, as well as a former hedge fund manager.
How old is Jim Cramer? – Age
Cramer was as James Joseph Crame born in Wyndmoor, Pennsylvania on 15 February 1955. He is 66 years as of 2021.
Where did Jim Cramer go to school? – Education
Cramer got a bachelor’s degree in government from Harvard University in 1977, graduating magna cum laude. His expertise in journalism began in college, when he was elected President and Editor in Chief of the Harvard Crimson. He completed his studies at Harvard Law School, where he received his Juris Doctorate in 1984.
Jim Cramer – Family
He was born to Jewish parents. Louise A. Cramer (1928-1985), Cramer’s mother, was an artist. N. Ken Cramer (1922-2014), Cramer’s father, founded International Packaging Products, a Philadelphia-based firm that provided wrapping paper, boxes, and bags to shops and restaurants. Springfield Township High School in Montgomery County, Pennsylvania, was Cramer’s alma mater.
Cramer’s wife
Cramer was married to Karen Backfisch from 1988 to 2009, and they had two children. Cramer married Lisa Cadette Detwiler, a real estate broker, and general manager of The Longshoreman, an Italian bistro/restaurant in the New York City borough of Brooklyn, on April 18, 2015.
Cramer admitted on The Carlos Watson Show that he has been suffering with mental health difficulties related to his wrath, which he attributes to his father.
What is Cramer’s Salary?
His salary is $5 million.
Cramer Net Worth
Cramer has a net worth of over $150 million and regularly contributes to the Street.
Jim Cramer Career
Cramer’s first employment, beginning in 1971, was selling Coca-Cola and subsequently ice cream at Veterans Stadium during Philadelphia Phillies games.
Cramer began studying stocks in fourth grade and continued to do so throughout high school. As a young man, Cramer sold ice cream at Veterans Stadium during local Phillies games. In 1978, Cramer began working as a reporter. He covered the Ted Bundy murders in Tallahassee, Florida, where he worked for a Democrat and for the Los Angeles Herald Examiner. Cramer was robbed many times in Florida and was even forced to live in his car at one point. While in law school, Cramer began investing in the stock market and even went as far as promoting his stock picks. His track record of successful stock picks landed him a job as a stockbroker with Goldman Sachs. In 1987, Jim Cramer took his knowledge of the stock market and started his own hedge fund company, Cramer & Co.6th 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.
The CNBC show “Mad Money,” which Jim Cramer is most well-known for hosting, aims to teach people how to think like professional investors rather than telling them what to think. 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. In 2005, Jim Cramer signed on to be the host of the CNBC show “Mad Money,” for which he is most well-known. The goal of the show is to teach its viewers how to think like professional investors and not to tell people what to think. The popularity of the show has risen consistently over the past 10 years, making it one of the most popular investment shows on CNBC. 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.”