Jim Cramer Net Worth $100 Million
Most people know him for being the host of Mad Money. Jim Cramer is not only a prolific media personality he is also a bestselling author and a financial guru. Born in 1955, James J. Cramer is a graduate from the Harvard school of Law. He is the former owner and founder of the hedge fund Cramer Berkowitz.
The fund, with Cramer at the helm, averaged a 24% annual return rate over 14 years. He is credited for being the co-founder of the ‘most’ visited financial media website, thestreet.com. The site is devoted to giving investment advice and stock picking. Jim Cramer is not one to keep his financial knowledge to himself. He started Action Alerts PLUS a service that allows subscribers to access Jim’s charitable trust portfolio. It also recommends stock moves to its subscribers.
Through the years, he has built himself an impressive media acumen. He currently hosts CNBC’S Mad money, and co-anchors Squawk on the Street. Besides having his own show, he has been featured on Meet The Press, CBS’ 60 minutes among others critically-acclaimed shows.
Jim Cramer is a prolific writer. He has authored six books five of which have become national bestsellers including You Got Screwed, Jim Cramer’s Mad Money, and Confessions of a Street Addict. Jim’s aptitude in writing has seen him write for the New York Magazine and Time Magazine.
Jim’s road to success has had its own share of letdowns. His biggest failure was when he bought one million shares of Memorex Telex in the hope of raking in substantial profit but lost 100% of the investment. Although famed for his ubiquitous financial personality, Jim’s financial opinions have ruffled a few feathers.
In 2009, he was quoted saying President Obama had made the greatest wealth destruction as a president. The accusation did not go well with the White House whose press secretary responded to the statement. Despite his pitfalls, Jim Cramer still cuts as one of the wealthiest men. His media acumen and financial expertise have seen him accumulate a net worth estimated at $100 million.