Jim Cramer Net Worth 2024, Biography, Personal Life, Professional Career, and Everything
Jim Cramer is a well-known figure in media and finance. He is a television personality, author, and former hedge fund manager best known for hosting CNBC’s Mad Money and Squawk on the Street.
He co-founded the website TheStreet and wrote there between 1996 and 2021. He also became the host of Kudlow & Cramer. Cranmer wrote several books, including Confessions of a Street Addict (2002) and Jim Cramer’s Get Rich Carefully (2013).
Keep reading to learn more about Cramer’s net worth, personal life, professional career, and more.
Jim Cramer Personal Details |
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| Real Name | James Joseph Cramer |
| Profession | Television personality, author, entertainer |
| Date of Birth | February 10, 1955 |
| Age | 69 years |
| Birth Place | Wyndmoor, Pennsylvania, U.S. |
| Parents | Louise A. Cramer, N. Ken Cramer |
| Spouses | Karen Backfisch (m. 1988–2009); Lisa Cadette Detwiler (m. 2015) |
| Children | Cece Cramer, Emma Cramer |
| Net worth | Estimated $150 million |
| Instagram account | https://www.instagram.com/jimcramer/?hl=en |
| Twitter account | https://x.com/jimcramer?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor |
Net Worth 2024
As of 2024, Cramer’s net worth is around $150 million. Most of his earnings come from his television career and investments in the stock market.
He earns $12 million annually from CNBC. He has also authored several books and earns $3 million annually through royalty.
Early Life
Cramer was born to Louise A. Cramer and N. Ken Cramer on February 10, 1955, in Wyndmoor, Pennsylvania. His mother was an artist, and his father owned International Packaging Products, a company that sold boxes, wrapping papers, and bags to retailers and restaurants.
After moving to Springfield Township, Cramer attended Springfield Township High School in Montogomery County and graduated in 1973. In his early time, he sold Coca-Cola and ice cream during Philadelphia Phillies games at Veteran Stadium in 1971.
Cramer became interested in stocks and started studying in the fourth grade. He continued studying through high school. 1977 he earned a Bachelor of Arts in government from Harvard College. During his time there, he was the president and editor-in-chief of the student newspaper, The Harvard Crimson.
After completing college, Cramer started working as an entry-level reporter for the Tallahassee Democrat, and he was one of the first people to cover the Ted Bundy murders. Later, he worked for the daily newspaper Los Angeles Herald-Examiner. He also worked for the American Lawyer.
Cramer earned a Juris Doctor degree from Harward Law School in 1984. While in law school, he started investing in the Stock Market, which helped him earn enough money to cover his tuition.
Professional Career
Cramer started working as a stockbroker at the New York investment bank Goldman Sachs in 1984. The following year, he was admitted to the New York State Bar but did not start his practice.
After working for about three years at Goldman Sachs, he left his position and started a hedge fund, Cramer & Co. (later known as Cramer, Berkowitz & Co.). In $5 million increments, he raised $450 million and received a 20% fee on the profits for the profits.
Cramer claimed that between 1988 and 2000, he faced negative returns only in 1988. He retired from the hedge fund in 2001, and after that, it was taken by Jeff Berkowitz, his former partner.
Cramer worked for SmwartMoney magazine as an “editor at large.” In 1996, he launched a financial news and investment website, The Street, with Peret. They sold the website in 2019 to TheMaven for $16.5 million. In the late 1990s, he appeared as NBC’s frequent commentator. Between 2002 and 2005, he became the co-host of Kudlow & Cramer with Larry Kudlow.
In 2005, Cramer started to host the finance television program Mad Money with Jim Cramer on CNBC. His radio show, Jim Cramer’s Real Money, inspired him to create Mad Money. He appeared in several other shows, including Today, NBC Nightly News, Cheap Seats, Live with Regis and Kelly, and Jimmy Kimmel Live!
Personal Life
Cramer married Karen Backfisch in 1988, and they have two children. After 20 years of marriage, the couple divorced in 2009. In April 2015, he married Lisa Cadette Detwiler, a real estate broker. He currently lives in Summit, New Jersey.
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