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About Jim Cramer Net Worth
Jim Cramer is a well-known American television personality, a successful author with best-selling books, and a former hedge fund manager. He’s accumulated a significant net worth of $150 million. Most people recognize him as the host of the popular CNBC show called “Mad Money” and as a co-founder and chairman of TheStreet.com. For his roles at CNBC, Jim Cramer receives an annual salary of $5 million. Additionally, he earns a considerable income from the royalties and advances of his books. From 1987 to 2001, Cramer managed the hedge fund Cramer Berkowitz. During its peak, the fund managed assets worth $450 million, delivering an impressive average annual return of 24%. In 2005, Cramer mentioned to BusinessWeek that his net worth was in the range of $50 to $100 million.
Jim Cramer Net Worth
Jim Cramer has an estimated net worth of up to $150 Million.
Net Worth: | $150 Million |
Date of Birth: | Feb 10, 1955 (68 years old) |
Age: | 68 years old |
Gender: | Male |
Profession: | Journalist, Businessperson, Presenter, Lawyer, Commentator, Investor, Author, TV Personality, Actor |
Nationality: | United States of America |
Country | United States of America |
Ethnicity | Wyndmoor |
Residence | United States of America |
Complexion | White |
During the height of the dotcom bubble, Cramer’s net worth was notably higher due to his 15% ownership stake in TheStreet.com. In 1999, shortly after TheStreet.com went public, it had a market capitalization of $1.7 billion, making Cramer’s stake worth $255 million at that time. However, after the dotcom crash, in 2005, the value of that stake had decreased significantly to around $15 million.
Jim Cramer Biography
Cramer was previously married to Karen Backfisch from 1988 to 2009, and they share two children. He is now married to Lisa Cadette Detwiler, who works as a real estate broker and is the general manager of The Longshoreman, a restaurant in New York City. They tied the knot in April 2015. Cramer is a part-owner of several properties, including the DeBary Inn in Summit, New Jersey, which he purchased alongside four other investors in 2009. He also co-owns the Bar San Miguel, a restaurant and bar located in Carroll Gardens, Brooklyn, with his wife. His primary residence is in Summit, New Jersey, but he also possesses private residential properties in Quogue, New York, situated on Long Island. In addition to these properties, he owns a sprawling 65-acre estate in the New Jersey countryside. A notable detail about Cramer is his enduring support for the NFL’s Philadelphia Eagles, and he has been a season ticket holder for the team for more than 20 years.
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