Jim Cramer Biography
Jim Cramer an American media personality who runs the CNBC Investing Club and is the host of CNBC’s “Mad Money” at 6 p.m. ET. Cramer is also a co-anchor of the 9 a.m. ET hour of CNBC’s “Squawk on the Street.”
Cramer created the investing club to help all investors build long-term wealth in the stock market. He plays with an open hand and wants to help investors invest smarter so they can build long-term wealth.
Jim Cramer Age
Cramer was born on 10th February, 1955 Wyndmoor, Pennsylvania, U.S.
Jim Cramer Height
Cramer stand at a height of 5 feet and 7 inches tall.
Jim Cramer Education
Cramer went to Springfield Township High School in Montgomery County, Pennsylvania. In 1977, Cramer graduated magna cum laude from Harvard College with a Bachelor of Arts in government. While at Harvard, Cramer was the president and editor-in-chief of The Harvard Crimson. Additionally, Cramer was a National Merit Scholar. In 1984, Cramer received a Juris Doctor degree from Harvard Law School.
Jim Cramer Nationality
Jim is an American nationality.
Jim Cramer Parents
Cramer was born to Jewish parents. Cramer’s mother, Louise A. Cramer (1928–1985), was an artist. Cramer’s father, N. Ken Cramer (1922–2014), owned International Packaging Products, a Philadelphia-based company that sold wrapping paper, boxes, and bags to retailers and restaurants.
Jim Cramer Siblings
Jim has not disclosed information about his siblings to the general public.
Jim Cramer Wife
Cramer was married to Karen Backfisch from 1988 to 2009. On April 18, 2015, Cramer married Lisa Cadette Detwiler, a real-estate broker, and general manager of The Longshoreman, an Italian bistro/restaurant in the borough of Brooklyn in New York City.
Jim Cramer Children
Jim and his ex wife Karen Backfisch have two children together.
Jim Cramer CNBC
Cramer was a frequent guest commentator on CNBC in the late 1990s. From 2002 to 2005, Cramer co-hosted Kudlow & Cramer with Larry Kudlow. Mad Money with Jim Cramer first aired on CNBC in 2005. The stated goal of the show is to provide people engaging in do-it-yourself investing with “the knowledge and the tools that will empower you to be a better investor”. Cramer is required to disclose any positions he holds in a stock that is discussed on the show and is not allowed to trade any security he has spoken about on CNBC for five days following the broadcast.
Cramer has also made appearances on Today, NBC Nightly News, Live with Regis and Kelly, Cheap Seats, Late Night with Conan O’Brien, The Tonight Show with Jay Leno, Late Show with David Letterman, Jimmy Kimmel Live! in February 2008 and as a guest judge on The Apprentice in January 2007 and was interviewed by Jon Stewart on The Daily Show in March 2009.
Cramer loves Philadelphia and has said the key to an economic resurgence of the city is a high-speed rail connection with New York City. He is a passionate Philadelphia Eagles fan and cried after the team was victorious in Super Bowl LII. He has held season tickets for 20 years and has met former Eagles coach Doug Pederson many times.
Jim Cramer Goldman Sachs
Cramer worked in sales and trading at New York investment bank Goldman Sachs in 1984. Cramer was admitted to the New York State Bar in 1985 but did not practice. His license to practice law was suspended on April 2, 2009, for failure to renew his registration.
Jim Cramer Hedge fund
Cramer left Goldman Sachs and started a hedge fund, Cramer & Co. (later Cramer, Berkowitz & Co.) in 1987. The fund operated out of the offices of Michael Steinhardt. Early investors included friend and classmate Eliot Spitzer, Steve Brill, and Martin Peretz. Cramer raised $450 million in $5 million increments and received a fee of 20% of the profits he generated.
Jim Cramer SmartMoney
Cramer was also an “editor at large” for SmartMoney magazine and was accused of unethical practices when he made a $2 million personal gain after buying stocks just before his recommendation article was published.
Jim Cramer TheStreet.com
Cramer and Peretz launched TheStreet.com in 1996, a financial news and investment website. In August 2019, TheMaven acquired the company for $16.5 million.
Jim Cramer Controversies
Cramer and TheStreet.com settled a lawsuit with Fox News Channel in which Fox had claimed Cramer had reneged on a deal to produce a show for Fox in 2000. The conflict began when Fox complained that Cramer promoted TheStreet.com stock on its network.
Cramer claimed to have realized a “rate of return of 24% after all fees for 15 years” until he retired from the hedge fund in 2001. He self-reported a 36% return in 2000, at the peak of the dot-com bubble. However, this performance has not been independently verified.
Cramer claims that, between 2002 and May 2009, the performance of his “Action Alerts PLUS” charitable trust outpaced the S&P 500 Index and the Russell 2000 Index. The charitable trust realized a return of 31.75%, the S&P 500 had a return of 18.75% and the Russell 2000 had a return of 22.51%. On an annual basis, the trust outperformed the S&P 500 by 7.35% and the Russell 2000 Index by 3.33%.
Referring to March 8, 2009, charges leveled against Cramer by The New York Times columnist Frank Rich, Cramer said that he does not understand how Obama and his staff plan to raise taxes, institute cap-and-trade limitations, and rework the healthcare system all during a recession.
On March 12, 2009, Cramer appeared on The Daily Show with Jon Stewart. Stewart reiterated earlier claims regarding the CNBC host’s “silly and/or embarrassing and/or stupid financial observations.” Moreover, he claimed CNBC shirked its journalistic duty by believing corporate lies rather than being an investigative “powerful tool of illumination.”
In February 2006, the U.S. Securities and Exchange Commission served subpoenas requesting information from several journalists, including Cramer, in conjunction with allegations of collusion between short-sellers of Overstock.com and Gradient Analytics, a stock research firm.
On September 15, 2020, during a TV interview with US Speaker of the House Nancy Pelosi, Cramer addressed her as “Crazy Nancy”, and then sent several tweets in which he defended his actions. He later apologized for using the phrase, which was also employed frequently by President Donald Trump.
Jim Cramer Salary
Jim earns an estimated annual salary of USD 150,000.
Jim Cramer Net Worth
Cramer’s net worth is estimated to be USD 5 million.
Jim Cramer Instagram
Jim Cramer (@jimcramer)
